Suppose a producer charges $20 for a new toy. At this price, the producer supplies more toys than people demand, so there is an excess supply. The producer decides to lower the price to $15. At this new price, quantity supplied equals quantity demanded. So $15 is the equilibrium price.
Answer: Duress
Explanation: Defense of duress can be seen as. Circumstance whereby an individual carries out an act as an outcome of turmoil, threat or any other coercion against the individual.
It is a criminal practice of forcing another person to behave in an involuntary way either by use of conveyed intent to inflict damage or loss on another individual or force. In this case, Justin can assert the defense of duress if he is being brought to law because Andrew held a gun to his head and forced him against his will to steal from the company.
Answer:
$51,000
Explanation:
The computation of the new equipment cost is shown below:
= Fair market value + loss recorded
where,
Fair market value is $50,000
And, the loss is computed by taking the difference between the cost and accumulated depreciation. And, after that deduct it from the trade in allowance
In mathematically,
Book value = Cost - accumulated depreciation
= $41,000 - $36,000
= 5,000
Now, the loss would be
= Trade in allowance - book value
= $4,000 - $5,000
= ($1,000)
Now put these values to the above formula
So, the value would be equal to
= $50,000 + $1,000
= $51,000
Answer:
Visioning is more exciting than execution.
Explanation:
