Answer:
Net Income = $5,000
Stakeholder's Equity = $23,000
Explanation:
Net Income
Revenue $14,000
-Expenses <u>$9,000</u>
=Net income $5,000
Assets = $50,000
Liabilities = $27,000
Accounting Equation:
Assets = Stockholder's equity + Liabilities
$50,000 = Stockholder's equity + $27,000
Stockholder's equity = $50,000 - $27,000
Stockholder's equity = $23,000
Net income of Eagle Corp. is $5,000 and Stockholder's equity is $23,000.
Answer:B
Explanation:
This is because as one's income increases his aggregate demand also increases as they both have direct relationship with each other.
The equilibrium price and quantity for llama sculptures would fall as a result of the price decrease of the porcelain sloths. Being that they are substitute goods, a fall in price of the sloths would lead to a decrease in the demand for the llama sculptures.
An equilibrium price, additionally known as a market-clearing charge, is the consumer price assigned to some product or service such that deliver and call for are equal, or close to identical. The manufacturer or vendor can promote all the devices they want to transport and the consumer can get right of entry to all the units they need to shop for.
What's equilibrium price and demand?
The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.
What's particular approximately an equilibrium price?
An equilibrium price is particular due to the fact it's far the only charge at which amount demanded and quantity furnished are same. it's miles the price that corresponds with the intersection of the supply and call for curves.
What's the maximum essential characteristic of the equilibrium price?
The most critical function of the equilibrium price is that it: clears the market, leaving neither a surplus nor a scarcity.
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Answer:
c. leave the production possibilities unchanged and increase their consumption possibilities.
Explanation:
Economies benefit from trade as each will produce goods with comparative advantage and trade in the foreing market Making increase their consumption possibilities as will sale good at better prices and purchase other imported goods with a lower opportunity cost. Overall economies will benefit from trade most of the times.