Answer:
Rent expense of $2,000
Prepaid rent of $22,000
Explanation:
Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:
Rent expense of $2,000
Prepaid rent of $22,000
The rent expense of $2,000 is calculated as
(1÷12*$24,000)=$2,000
The prepaid rent of $22,000 is calculated as
$24,000-$2,000
$22,000
Answer:
stimulation ; stabilization
Explanation:
Automatic stabilizers act to stimulate the economy during recessions and stabilize the economy when it becomes overheated
Answer:
The answer is given below;
Explanation:
Land Account As at September 30,2022
Amount in $
Land Value 570,000
Broker Commission 50,000
Legal Fees 8,000
Title Insurance 25,000
Cost of Razing 89,000
Total 742,000
Office Building-Total Cost Amount in $
Contract price to barnett 4,400,000
Plans and Blueprint 26,000
Design and Supervision 98,000
March-December 2021
Borrowing Costs 1,040,000*12%*9/12 93,600
January-September 2022
Borrowing Costs 3,000,000*12%*9/12 270,000
Total Cost 4,887,600
Appropriate channels selected is NOT a reason why a new product might fail.
Answer:
Alice's consumer surplus = $5
Jeff's consumer surplus = $16
Nicole's producer surplus = $1
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.
Consumer surplus = willingness to pay - price of the good
Producer surplus is the difference between the price of a good and the least price the producer is willing to accept
Producer surplus = price of the good - least price the producer is willing to accept
Alice's consumer surplus = $30 - ($35 - $10) = $5
Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16
Nicole's producer surplus = $501 - $500 = $1
