Answer:
$31,100
Explanation:
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300.
Therefore the amount of stockholders’ equity as of May 31 of the current year can be derived by the formula : Capital = Assets - Liabilities
<u>Assets</u>
Cash $20,500;
Accounts Receivable, $7,250;
Supplies, $650;
Equipment, $12,000
TOTAL = 40,400
<u>Liabilities</u>
Accounts Payable, $9,300.
Therefore stockholders’ equity = 40,400 - 9,300 = $31,100
<span>Cassandra will experience increased cost in proportion to the reduction of supply experienced by the farmers . Cassandra will decrease her expenditures or find alternate suppliers of oranges.</span>
Answer:
neoclassical economists; long run
Explanation:
Neoclassical economists are economists who generally emphasize the importance of aggregate supply in determining the size of the macroeconomy over the long run
Answer:
It would <u>lose less customers </u>than perfectly competitive firm, but <u>more customers</u> compared to a monopoly that raised its price would
Explanation:
- Perfect Competition is a market form with many buyers & sellers, selling homogeneous products at constant prices
- Monopolistically competitive firm has many sellers, selling slightly differentiated products, at different prices.
- Monopoly is a market structure having single seller of a product in the market.
So, these market forms have following control over prices/ elasticity of demand :
- Perfect competition has uniform prices, perfectly elastic horizontal demand curve. Firm is just a price taker, has no control in price.
- Monopolistic competition firm has different prices because of differentiated products. But has only certain control on price, demand is elastic due to substitutes competition
- Monopoly, being single seller has full control over price, is 'price maker'. Lack of substitutes also make its demand inelastic.
Therefore : A price rise would - reduce perfect competition firm demand the most; more than that & less than monopoly for monopolistic competitive firm demand ; the least for monopoly demand
Answer: $1,415
Explanation:
Going by the Accrual principle in Accounting, the revenue to be recognized has to be for services rendered in the period of interest regardless of it is in cash or on account.
The revenue transactions for the month of July therefore will be for only services rendered in July.
Those include;
- Received $970 cash for services provided to a customer during July.
- Provided services to a customer on credit, $445
The rest were either equity, liability or revenue for a period other than July.
Revenue for July is therefore;
= 970 + 445
= $1,415