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
ehidna [41]
3 years ago
7

Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for ​$10​, a second lawn for ​$15​

, and a third lawn for ​$24. Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay ​$31 to have her lawn​ mowed, Mr. Wilson would be willing to pay ​$30​, and Ms. Smith would be willing to pay ​$24. If Tim offers to mow lawns for ​$24 ​each, what will be his producer​ surplus? ​$ nothing. ​(Enter a numeric response using an​ integer.)
Business
1 answer:
Leviafan [203]3 years ago
5 0

Answer:

The producer surplus is $23

Explanation:

Producer surplus: The producer surplus show a difference between the producer willing to supply and the received price

In mathematically,

Producer surplus = (willing to supply -  received price by the consumer)

So,

The producer surplus would equal to

= ($24 - $10) + ($24 - $15) + ($24 - $24)

= 14$ + $9 + $0

= $23

You might be interested in
The First National Bank of Nelsonville has no excess reserves when a new deposit of $10,000 is made. The required reserve ratio
victus00 [196]

Answer:

$950

Explanation:

Reserve ratio is defined as the percentage amount of deposit that a bank is instructed by the governing central bank to keep as cash reserve. This is used to control the money supply in the economy as the the check - able amount that are subjected to withdrawal is limited to the funds available after the reserve ratio has been considered.

Workings

New deposit - $10,000

Required reserve ratio - 5%

No existing excess ratio as at the time of deposit.

Reserve ratio - 5%*10000 = 50

Increase in checking account = 1000-50

= $950

8 0
3 years ago
Whipple Corp. just issued 280,000 bonds with a coupon rate of 6.02 percent paid semiannually that mature in 25 years. The bonds
sesenic [268]

Answer:

529.64 million or $529,639,600 was received from the sale of bonds.

Explanation:

Money Raised from the sale is based on the current value of the bond. Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

As per given data

Face Value = $2,000

Coupon payment = $2,000 x 6.02% = $120.4 /2 = $60.2 semiannually

Number of period = n = 25 years x 2 period per year = 50 period

Yield to maturity = 6.46% annually = 6.46% / 2  = 3.23% semiannually

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $60.2 x [ ( 1 - ( 1 + 3.23% )^-50 ) / 3.23% ] + [ 2,000 / ( 1 + 3.23% )^50 ]

Price of the Bond = $1,483.51 + $408.06 = $1,891.57

Cash received = Number of bonds x Price per bond = 280,000 x $1,891.57 = $529,639,600

3 0
3 years ago
Copland submitted a piece for radio broadcast on cbs radio. it eventually became titled:
Dima020 [189]
The answer is that it eventually became titled as Prairie Journal.
CBS Radio stands for Columbia Broadcasting System radio and within CBS Corporation it is one of the oldest units. <span>The company was founded in 1972  that would become CBS Radio and it was founded as </span>Infinity Broadcasting Corporation.
3 0
3 years ago
Margaret and Jack are working on a high-priority project with a tight deadline. When Margaret is unable to meet the deadline, Ja
matrenka [14]

Answer:

B, Fundamental attribution error.

Explanation:

Fundamental attribution error is a psychological situation in which individuals have the tendency to explain a person's behavior based on disposition/personality but not lay emphasis on the external behaviors that affect the person's behavior.

In the above question, because Jack and Margaret couldn't finish Margaret's jobs due to Margarette her clumsiness and went on to blame the supervisor as the cause of the tem not being able to finish the task .

Cheers.

3 0
3 years ago
Peerless Corporation (a U.S. company) made a sale to a foreign customer on September 15, for 119,000 crowns. It received payment
Natalka [10]

Answer:

Exchange rate on September 15: 1 Crown = $0.61; 119,000 Crown = (119,000*$0.61) = $72,590.

September 30 = (119,000*0.65) = $77,350.

October 15 = (119,000*$0.60) = $71,400.

                        JOURNAL ENTRY    

Date          Account                           Debit          Credit

15-Sep Account receivable         $72,590

                      Sales                                              $72,590

                (Sale to a foreign customer for 119,000 crown Exchange rate = $0.61)

30-Sep     Account receivable $4,760

                       Foreign currency exchange gain $4,760

                        ($77,350-$72,590)

15-Oct      Foreign currency exchange loss $5,950

                        Account receivable                               $5,950

                        ($71,400-$77,350)

               Cash                                                $77,350

                        Accounts Receivable                              $77,350

8 0
3 years ago
Other questions:
  • One of the steps the U.S. Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm
    9·1 answer
  • Gains are: a) Inflows from selling a product or service to a customer b) Increases in equity resulting from transfers of assets
    14·1 answer
  • Easton Pump Company’s planned production for the year just ended was 19,300 units. This production level was achieved, and 20,60
    5·1 answer
  • Jonathan is the CEO of a cell phone manufacturing company. At the company's Annual General Meeting, he made an announcement to t
    15·1 answer
  • LO 2.2Which of the following would not be classified as manufacturing overhead?
    9·1 answer
  • Researching investments online can be valuable because
    6·1 answer
  • Ray is starting a new business with a friend and trying to decide between a C corporation, S corporation, and partnership. What
    14·1 answer
  • A supplier has contracted to deliver Halloween costumes to a party supply store by October 15th. However, due to a natural disas
    14·1 answer
  • Which policy tools are considered automatic stabilizers?
    9·1 answer
  • Consider a competitive labor market. Using the model of how income is determined in a labor market, describe the effects on wage
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!