The answer to this question is Equilibrium price
The equilibrium price most commonly indicate the price level where both sellers and buyers feel satisfied.
In this level, the buyers will get the maximum value from the products while the sellers still maintaining a sustainable level of profit to continue their business.
Answer:
The answer is given below;
Explanation:
The $ 5 collected will be treated as miscellaneous revenue.The cash over and short account will be credited for $5.
As the cash receipts are $ 105 and sales revenue is $100.The difference amount will be treated as miscellaneous revenue.
The journal entry will be;
Cash Dr.$105
Sales Revenue Cr.$100
Miscellaneous revenue Cr.$5
Answer:
Accounting loss of $5
Economic loss of $35
Explanation:
Accounting profit is the net of revenue and Explicit cost. Explicit costs are the cost which actually incurred or paid.
On the other hand the economic profit is the net of revenue, Explicit and Implicit costs. Implicit value is the opportunity costs of choosing the alternative.
Implicit cost = $30
Explicit cost = 90 + 115 = $205
Accounting Profit = Revenue - Explicit costs = $200 - $205 = ($5)
Economic Profit = Revenue - Explicit cost - Implicit cost = $200 - $205 - $30
Economic Profit = ($35)
Answer:
D. Debit to Cash, $600,000.
Explanation:
The journal entry is shown below:
Cash Dr $600,000
To Bond anticipated note payable $600,000
(Being the receipt of the bond is recorded)
For recording this we debited the cash as it increased the asset and credited the bond anticipated note payable as it also increased the liabilities so that the correct posting could be done
