1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nostrana [21]
3 years ago
6

Marcus paid $35 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Marcus

’s friend Starling learns that Marcus bought a potato cannon, he asks Marcus if he will sell it for $60, and Marcus agrees. Starling is thrilled, because he would have paid Marcus up to $80 for the cannon. Marcus is also delighted.
Business
1 answer:
julsineya [31]3 years ago
5 0

Answer:

The question is incomplete; Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon.

Marcus' consumer surplus=  $45-$35= $10

Starling's consumer surplus= $80-60= $20

Marcus'  producer surplus = $60-35 = $25

Explanation:

You might be interested in
1. A parent sells merchandise to its subsidiary at a markup of 20% on cost. In the current year, the subsidiary had $120,000 in
NARA [144]

Answer:

The subsidiary reports cost of goods sold at A. $660,000.

Explanation:

Cost of goods sold is the direct cost of producing or purchasing the goods sold by a business. The formula for cost of goods sold is as follows:

Cost of goods sold = Opening inventory + Purchases - Closing inventory

The subsidiary calculates its cost of goods sold as follows.

Opening inventory           $120,000

Add: Purchases                $720,000

Less: Closing inventory    ($180,000)

Cost of goods sold           $660,000

Therefore, the correct option is A. $660,000.

6 0
2 years ago
Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local
Savatey [412]

Answer: Increase / Gain of $36,000

Explanation:

Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.

Translation gains on the other hand, are added to the Other Comprehensive income.

The other comprehensive income will therefore increase by the translation gain of $36,000.

5 0
2 years ago
Transferring responsibility of operations to another authority (such as, un observers, multinational peacekeeping forces, or nat
Helen [10]

I believe the answer is: Enable phase

During the enable phase, a company would evaluate the progess and determine additional planing necessary to ensure that the operation run smoothly. Often times, transferring responsibilities to another organization that had larger jurisdiction would be seen as a more appropriate decision.

8 0
3 years ago
What is the maximum cash dividend Jones can pay on December 31, year 2?
gladu [14]

Answer 5,000 is the maximum dividend that can be paid to shareholders.

Explanation:

3 0
3 years ago
A post-closing trial balance is prepared a. after closing entries have been journalized and posted. b. before closing entries ha
adelina 88 [10]

Answer:

A.

Explanation:

The accounting cycle is the name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.

Upon the posting of adjusting entries, a company prepares an adjusted trail balance followed by the financial statements. An entity closes temporary accounts (revenues and expenses) at the end of the period using closing entries. These closing entries transfer net income into retained earnings. Finally, a company prepares the post-closing trial balance to ensure debits and credits match.

Steps:

-Journal

-Ledger

-Trail Balance

-Adjustment Entries

-Trading Account

-Profit or loss account

-Final accounts

-Post closing Trail Balance

4 0
2 years ago
Read 2 more answers
Other questions:
  • Most founders' agreements include a ________ clause, which legally obligates the departing founder to sell to the remaining foun
    11·1 answer
  • Which is the most likely scenario in which someone would take out a short-term loan with a bank?
    6·1 answer
  • What is the most common form of business organization
    10·1 answer
  • A high degree of managerial mobility in societies that emphasize individualism can lead to Group of answer choices increased man
    7·1 answer
  • Lever Age pays an 8% rate of interest on $10 million of outstanding debt with face value $10 million. The firm’s EBIT was $1 mil
    12·1 answer
  • As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
    14·1 answer
  • Which type of money does the diagram best describe?
    6·1 answer
  • What role does a fast-food corporation play when it agrees to franchise its business?
    12·1 answer
  • Question 3 of 10
    5·1 answer
  • Some states and localities are drafting legislation to reduce the number of payday loans that a lender can provide within a year
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!