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3 years ago

Before posting a payment of $5,000, the Accounts Payable of Senator Company has a normal balance

Business

1 answer:

Kitty [74]3 years ago

6 0

Answer:

21,000

Explanation:

Add 5,000 to your 16,000. I subtracted 1,000 from 16,000 to equal 15,000. Then, add 5,000 to your 15,000 to equal 20,000. Finally, add your 1,000 agian to equal 21,000.

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If the demand curve for coconut oil is expressed as Q=1200-10p+16p_p+0.2Y, where Q is the quantity of coconut oil demanded in th

lbvjy [14]

Answer:

$\frac{\Delta Q}{\Delta Y} \frac{Y}{Q}=0.2\frac{501}{1300}=0.077$

Explanation:

To find the income elasticity we first must recall the formula

$\eta_{q,y}=\frac{\Delta Q}{\Delta Y} \frac{Y}{Q}$

which is the percentage change in quantity when income increases in one percent.

From the demand curve we can find $\frac{\Delta Q}{\Delta Y}$ by taking derivative of Q with respect to Y: $\frac{\Delta Q}{\Delta Y} =0.2$

Next we need to know what is the income at the equilibrium quantity of 1300, which we can back out from the data given in the question

$Q=1200-10p+16p_p+0.2Y$

$1300=1200-10\times .50+16\times .30+0.2Y\\100+5-4.8=0.2Y\\Y=\frac{100.2}{0.2}=501$

Then

$\eta_{q,y}=\frac{\Delta Q}{\Delta Y} \frac{Y}{Q}=0.2\frac{501}{1300}=0.077$

8 0

3 years ago

State 2uses of sulphuric iv acid

antiseptic1488 [7]

Color dyes and explosions will be your answer!
Other things sulphuric acid can create would be drugs, nitric acid, and hydrochloride acid.

3 0

3 years ago

Explain whether each of the following government activities is motivated by a concern about equality or a concern about efficien

IgorLugansk [536]

Answer:

concern

Explanation:

8 0

3 years ago

What is the meaning of the X- and Y-intercepts? A. These points demonstrate an inefficient use of resources. B. These points s

Nikitich [7]

Answer:

What is the meaning of the X- and Y-intercepts?

C) These are the limits of production if all resources are used to produce only one good.

When the production possibilities frontier (PPF) intersects the X or Y axis, it shows the maximum output level if all the resources are used to produce only one good.

Why would an economy produce at this point?

D) All of the above.

When an economy is producing at either intersection point (X or Y), it is usually not because of extreme specialization but rather due to failures or negative factors that prevent the production of the other good. Employment failures that lead to an ineffective allocation of labor or capital deficiencies which result in an ineffective allocation of capital resources (including technology).

Suppose you succeeded in lifting your economy to a point on its PPF. What point would you choose? How might your small society decide the point at which it wanted to be?

A) This depends on the value the society places on necessities and luxuries.

The theory behind the PPF not only applies to economies, it also applies to consumers and the consumption possibilities frontier (CPF). Consumers decide what products to buy depending on how they want to satisfy their needs, either by purchasing products that satisfy basic necessities or purchasing luxury products.

4 0

4 years ago

Trevor Company discloses supplementary operating segment information for its three reportable segments. Data for 20X8 are availa

pshichka [43]

Answer:

Operating profit of segment B = $180,000

Explanation:

The allowable cost to any of the segment would be equal to the proportion that the segment income bears to the overall total income multiplied by the allocable cost.

Mathematically, we can use the realationship below:

Allocable cost to Segment B = Sales of segment B/Total sales × Alllocable cost

Allowable cost = 180,000

Total sales = 250,000+ 120,000 + 90,000 = 460,000

Allocable cost to B = (120,000/460,000) × 180,000 = 46,956.52

Allocable cost to segment B =$46,956.52

However,the question required us to determine operation profit.

Operating profit is the excess of sales revenue over operating expenses

Operating profit of segment B-= 200,000 - 90,000 = 180,000

Operating profit of segment B = $180,000

6 0

3 years ago