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3 years ago

When you are willing to pay $5 for a hamburger but you pay $4 for it, your consumer surplus for the hamburger is:?

1 answer:

8 0

<span>$1. A "consumer surplus" is the difference between what a customer is WILLING to pay and what they ACTUALLY pay. You are willing to pay $5 on a hamburger, but you only spend $4. There is a difference between what you would've paid and what you did pay -- meaning, the difference between five dollars and four dollars. 5 minus 4 is 1. The consumer surplus is one dollar.</span>

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n 2018, Warehouse 13 had net credit sales of $750,000. On January 1, 2018, Allowance for Doubtful Accounts had a credit balance

Finger [1]

Answer:

$28,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Given that Past experience indicates that the allowance should be 10% of the balance in receivables

Allowance = 10% * $150,000

= $15,000

Since during 2018, $29,000 of uncollectible accounts receivable were written off

Balance in allowance account before adjustment

= $29,000 - $16,000

= $13,000 (Debit)

Required adjustment for Doubtful Accounts at December 31, 2018

= $13,000 + $15,000

= $28,000

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3 years ago

When the Fed does repos and reverse repos (or repurchase agreements) with financial institutions, the collateral used in these t

MatroZZZ [7]

Answer:

U.S. Treasury bonds.

Explanation:

Repurchase agreements can take place between a variety of parties. The Federal Reserve enters into repurchase agreements to regulate the money supply and bank reserves.

This are open market operation and the Treasury bonds are the collateral

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3 years ago

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Alisiya [41]

This structure is called the Marketing Information System, or MIS for short.

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3 years ago

In the Month of March, Baldwin received orders of 156 units at a price of $15.00 for their product Bolt, and in April receives a

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I think the answer is (66 I got Thai chicken salad and a wonderful meal so 3+2= 7

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3 years ago

A price ceiling creates a shortage when it is set

Setler [38]

Answer:

D. lower than the equilibrium price.

Explanation:

Markets are at equilibrium where demand = supply & demand, supply curves intersect.

Price ceiling is maximum price mandated by the government at which a good can be sold in the market. It is usually below equilibrium price, set to bring necessity goods under affordable price bracket of poor people.

This artificially reduced price creates excess demand or shortage (less supply), because at the lower price - demand is more but supply is less.

For more , refer : brainly.com/question/14580944#

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4 years ago