A. true the buyer is the party making the offer
Answer:
$65,332
Explanation:
The computation of revenue in 2021 is shown below:-
Revenue for the year 2021 = New franchisee received + Received by Top chop × (From July 1 to Aug 1 ÷ 2)
= $62,000 + $40,000 × 1 ÷ 2
= $62,000 + $40,000 × 0.5
= $62,000 + $20,000
= $82,000
Therefore, the revenue recognized for its arrangement is $82,000 and the new franchisee fee instantly recorded as an income
Answer:
B) raise costs and increase demand for its product
Explanation:
A monopolistic competition is when there are many firms operating in an industry. The firms sell differentiated goods and set the market price for their goods and services.
Monopolistic competition engage in advertisement to increase the awareness for their goods.
If advertising is successful , it increases the demand for their goods and services.
Advertising also increases the cost of production.
I hope my answer helps you.
Answer:
a) Gold = $1,380; Silver = $1,020
b) Gold = $1,300; Silver = $980
Explanation:
a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:
Equilibrium price of gold is $1,380 and the price of silver is $1,020.
b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:
Equilibrium price of gold is $1,300 and the price of silver is $980.
Answer:
$143,600
Explanation:
Calculation for What is net income for 20X1 assuming the investment is short-term
Using this formula
Net income for 20X1 = Sales – Expenses + Unrealized gain on short-term investments
Let plug in the formula
Net income for 20X1 = $1,670,200 - $1,536,600 + $10,000
Net income for 20X1= $143,600
Therefore the net income for 20X1 assuming the investment is short-term will be $143,600
