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3 years ago

Is this correct? Thank you!

Business

2 answers:

Nastasia [14]3 years ago

7 0

Answer:

yes it is correct

Equilibrium can only occur at one price .

olganol [36]3 years ago

4 0

Answer:

2 prices

Explanation:

There are two things you are looking at when finding the Equilibrium:

1) Supply & Quantity: Everything has a finite number, and there is a limit to the amount that can be produced and selled at a given time.

2) Demand: This is in terms of the amount of potential customers. Most products are sold to a certain group, which can vary in size.

The first price that can affect the Equilibrium is the cost of the item. If the item is high quality/cost more, it would generally cost more as a product, for the producer is trying to turn a profit. The next price to look at is the selling price. The price must be high enough to turn a profit, yet low enough for there too be a large customer base. Of course, this does not apply to all items, as there are some that are created for only a certain group of people.

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The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $

givi [52]

Answer:

See explanation section

Explanation:

1. Debit Cash $17,000

Credit Service revenue (music) $17,000

<em>Note: The academy receives cash by providing music services to the students.</em>

2. Debit Prepaid Insurance $4,200

Credit Cash $4,200

<em>Note: The academy paid cash in advance to purchase insurance policy.</em>

3. Debit Musical Equipment $20,000

Credit Cash $20,000

<em>Note: The academy paid cash for acquiring musical equipment.</em>

4. Debit Cash $30,000

Credit Notes payable $30,000

<em>Note: The academy borrowed cash by signing a notes from the bank.</em>

8 0

3 years ago

Walter reached age 70 1/2 in September of 2018. By what date is he required to begin taking the RMD from his traditional IRA?A.

harina [27]

Answer: A. December 31, 2018

Explanation: RMD also known as required minimum distribution is a withdrawal one has to take from his or her retirement plan once he or she attains the age of 70and a half years old.

According to IRAs, once a person attains the age of 70.5 which is six months after the person's 70th birthday, the individual is entitled to take his or her RMD by the 31st of December following his or her 70.5 birthday.

According to the above question, Walter is entitled to take his RMD on the 31st of Dec, 2018.

3 0

3 years ago

What’s the difference between LRAS and SRAS

Crank

Answer:

Whereas the SRAS curve is upward sloping, the LRAS curve is vertical because, given sufficient time, all costs adjust.

Explanation:

3 0

3 years ago

What are two key takeaways from using auto-drafting to pay your bills?.

Maslowich

The two key takeaways from using auto-drafting to pay your bills are:

Payment is faster.
There is less hassle making payments for multiple bills.

<h3>What is Auto Drafting?</h3>

This refers to setting up of periodic payments for a particular set of bills which deducts an amount from a checking account.

Some of the advantages of making use of auto-drafting to pay your bills includes:

Easier automatic payment.
Ability to avoid late payments.
No need to set reminders, etc

Read more about auto drafting here:
brainly.com/question/24579126

4 0

2 years ago

Which of the following is true? Multiple Choice

spin [16.1K]

Answer:

The answer is: D) Licenses for functional intellectual property can be viewed as conveying a right of use.

Explanation:

Functional Intellectual Property (IP) is different from other IP since it must possess a standalone functionality. This means it must be able to perform a task, process a transaction, etc.

Because functional IP possess a standalone functionality, licensing agreements provide the customer immediate use of the functional IP. Therefore, revenue from licensing functional IP is recognized at the time the license is given.

7 0

3 years ago