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Sever21 [200]
3 years ago
12

(Problem 1b.) Determine the amount of consumer surplus generated in the following situation. Alberto goes to the CD store hoping

to find a used copy of Nirvana's Nevermind for up to $30. The store has one copy selling for $30, which he purchases. The amount of Alberto's consumer surplus is _____. $2.50 $30 $0 $5
Business
1 answer:
Alenkinab [10]3 years ago
8 0

Answer:

$0

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay - price

$30 - $30 = $0

Ihope my answer helps you

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Tim is the accountant of a trading firm. Two years ago, the company bought a commercial van that had a value of $10,000. The van
Gennadij [26K]

Answer:

B. historical cost

Explanation:

According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less

Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available

So this represents the historical cost principle

Hence, the correct option is b,

3 0
3 years ago
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for th
tino4ka555 [31]

Answer:

Net loss -$1,390

Explanation:

The computation of the net income is given below:

Service revenue    

On cash $1,530

ON credit $1,780

Service revenue $3,310

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Utilities expense  -$70

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Total expenses -$4,700

Net loss -$1,390

7 0
3 years ago
Quick Burger is preparing a training program to teach employees how to operate its new coffee-making system. When the training i
VashaNatasha [74]

Answer:

Assessment

Explanation:

Assessment is the most effective way to check the employee performance whether they are eligible for the process or not. It can be done only after the training program.

Therefore as per the given situation Quick Burger conduct the training program for employees that how to operate the new coffee-making system. So, after the training program Quick burger do the assessment to check the employee skills.

5 0
4 years ago
Jackson High School formed several teams to plan and execute the 150th anniversary celebrations of the school. Over a period of
Dafna11 [192]

Answer:

project team

Explanation:

The members belong to different groups (teacher and students)

They have difference functions and and they were dividend into sub-temas (one for each event)

And specially, after the celebration of the 150th annyversary ended the team are disbanded as the project is complete.

The student and teachers worker together for the goal of the 150th anniversary party.

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4 years ago
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