Answer:
Consumer surplus decreases by $180.
Explanation:
Current consumer surplus = $25 * 90 unit = $2250
If the price of goods drop to $23 then the new consumer surplus will be
$23 * 90 units = $2070
The change in consumer surplus is $180 .
Answer:
B
Explanation:
a. have previously held a job.
b. are actively seeking employment at least in the past 4 weeks.
c. are only willing to accept a reasonable offer.
d.are more than 21 years of age.
A person is unemployed if she does not have a job but is actively seeking employment
types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
The geologist lost his hob permanently due to increase in wages (polices)
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
Answer:
In a perpetual inventory system:
<em>1)Merchandising transactions are recorded as they occur</em>
<em>3) Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold</em>
<em>4)The need to take physical inventory is eliminated</em>
Explanation:
In a perpetual inventory system: Merchandising transactions are recorded as they occur.
In periodic system :No effort is made to record the Cost of Goods Sold until year-end. Entries are done at the year end.
In a perpetual inventory system:Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold. Costs are assigned to the cost of goods sold each time a sale occurs in a perpetual inventory system.
In a perpetual inventory system:The need to take physical inventory is eliminated.But still it is done to assure the ending inventory.
In periodic system : the physical count cannot be eliminated.
Answer:
Results are below.
Explanation:
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 4,290,000 / (650 - 455)
Break-even point in units= 22,000
<u />
<u>Now, if the selling price is $655, the break-even point in dollars is:</u>
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 4,290,000 / [(655 - 455) / 655]
Break-even point (dollars)= $14,049,750
Answer:
C) $50,400
Explanation:
If Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond, then the amount of Sally's gross income from these items is $50,400
Sally's income taxable is not only her employment compensation but also the interest she earns from a corporate bond is subject to income tax.
