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rusak2 [61]
3 years ago
12

The equilibrium price and quantity of a good are found where the supply and demand curves intersect.

Business
1 answer:
Drupady [299]3 years ago
4 0
True. Do not forget that the equilibrium quantity is found when the quantity demanded is equal to the quantity supplied, which must be where the two curves intersect.
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It is $18,290.24

Explanation:

Profit after Tax (65%) = addition to retained earnings+dividend paid

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                                    = $ 696

Profit before Tax = [100/65] * $ 696

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Cost of Sales= $24,646 -$6355.76

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Note

-Dividend is paid is paid from profit after tax

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