Answer:
the general welfare will be the sum of consumer surplus and producer surplus.
Explanation:
The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.
Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.
Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.
Thus, the general welfare will be the sum of consumer surplus and producer surplus.
Answer: Net Present Value = -$19,062
Explanation:
First, we'll compute the PV for the respective years
Present Value (Year-1)
= ![0.6211 \times [1 + (0.055 - 0.06)]^{1}](https://tex.z-dn.net/?f=0.6211%20%5Ctimes%20%5B1%20%2B%20%280.055%20-%200.06%29%5D%5E%7B1%7D)
=0.6179945
Present Value (Year-2)
= ![0.6211 \times [1 + (0.055 - 0.06)]^{2}](https://tex.z-dn.net/?f=0.6211%20%5Ctimes%20%5B1%20%2B%20%280.055%20-%200.06%29%5D%5E%7B2%7D)
=0.614904528
Present Value (Year-3)
= ![0.6211 \times [1 + (0.055 - 0.06)]^{3}](https://tex.z-dn.net/?f=0.6211%20%5Ctimes%20%5B1%20%2B%20%280.055%20-%200.06%29%5D%5E%7B3%7D)
=0.611830005
Now, we'll compute the Cash Flow for the respective years
Cash Flow (Initial)
= 
= -$209,306.07
Cash Flow (Year-1)
=
=$32,362.75
Cash Flow (Year-2)
=
=$81,313.44
Cash Flow (Year-3)
= 
=$147,099.68
Net Present Value:
= -$209,306.07 + ($32,362.75/1.141)+ ($81,313.44/1.142) +($147,099.68/1.143)
= -$209,306.07 +$28,388.38 + $62,568.05 + $99,288.10
= -$19,062
Answer:
Please see the attached snapshots for the answers.
Explanation:
a.
Debit: Cash $30,000
Credit: Service Revenue $30,000
To record Service Revenue.
b.
Debit: Supplies $20,000
Credit: Accounts Payable $20,000
To record purchase of supplies on account.
c.
Debit: Salaries Expense $7,000
Credit: Cash $7,000
To record salaries Expense.
Answer:
Corporate opportunity doctrine
Explanation:
The corporate opportunity doctrine is a principle that doesn't allow directors to participate as an individual in any business that can benefit the company withouth offering it first to the organization.