The commission for the month of December is $2,767.60
Solution:
(1,258*10)= $12,580 we apply the 22% to that result and we obtain $2,767.60
Answer:
One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point. Therefore, at equilibrium, the demand and supply in quantity are equal.
a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.
b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
Explanation:
a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal. The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively. In economics, when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.
b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.
c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence. This leads to a reduction in quantity supplied overall.
d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.
Answer
The answer and procedures of the exercise are attached three images. The maximum profit is 262.500
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in three images.
Answer:
Corrected Net Income for 2011 = $290,000
Corrected Net Income for 2012 = $410,000
Explanation:
Data provided in the question:
The overstated the inventory balance for Dec 31, 2011 = $10,000
The reported Net Income for 2011 = $300,000
The reported Net Income for 2012 = $400,000
Now,
Since the inventory is overstated in the year 2011, it will be subtracted from the reported incorrect Net Income for 2011
Thus,
Corrected Net Income for 2011 = $300,000 - $10,000
= $290,000
And, for the year 2012 the overstated inventory will be added to the reported Net Income for 2012
thus,
Corrected Net Income for 2012 = $400,000 + $10,000
= $410,000
Answer:
A. monetary compensation
Explanation:
The main remedy against tortious loss is compensation in damages or money. In a limited range of cases, tort law will tolerate self-help, such as reasonable force to expel a trespasser. This is a defense against the tort of battery.
Hope this helped!!!!
