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sergiy2304 [10]
3 years ago
13

Refer to the table. what is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market

price per barrel of oil is $51?
Business
2 answers:
bazaltina [42]3 years ago
8 0

Answer:

81.76

Explanation:

Producer surplus is the difference between the price a producer received for a goods or service minus the price he is willing to sell.

If A willing price is 32

B willing price is 1600

C willing price is 17.25

D willing price is 56.99

Producer surplus is market price minus willing price

A 51 - 32 = 19

B. 51 - 16.00 = 35

C 51 - 17.25 = 33.75

D. 51 - 56.99 = - 5.99

Sum all the producer surplus together

19 + 35 + 33.75 + -5.99

=81.76

PolarNik [594]3 years ago
4 0
Hello! Sorry this is a little late.

I believe the correct answer to your question is $87.75.

I hope this helps, and have a great rest of your day!
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Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Garcia sells the equipment for cash. Reco
Tema [17]

Answer:

1. Cash                                                          Debit    $ 47,000

 Accumulated Depreciation equipment   Debit  $ 40,800

 Gain on sale of equipment                       Credit                       $  11,000

 Equipment                                                  Credit                      $ 76,800

To record sale of equipment for $ 47,000 and gain on sale of $ 11,000

2. Cash                                                          Debit    $ 36,000

  Accumulated Depreciation equipment   Debit   $ 40,800

  Equipment                                                 Credit                          $ 76,800

To record sale of equipment for $ 36,000

3.  Cash                                                          Debit    $ 31,000

  Accumulated Depreciation equipment   Debit    $ 40,800

  Loss on sale of equipment                       Debit    $   5,000

  Equipment                                                  Credit                          $ 76,800                        

To record sale of equipment for $ 31,000 and loss on sale of $ 5,000

Explanation:

Computation of net book value

Cost of equipment                                                                             $ 76,800

Less: Accumulated depreciation                                                     $ 40,800

Net book value                                                                                  $ 36,000      

In first step where the equipment is sold of $ 47,000, the differential between the sale value and the net book value is the gain on sale and is credited in the accounting entry.

In the second step, where the equipment is sold for $ 36,000, the sale proceeds is exactly equal to the net book value and no gain or loss is recorded.

In the third step, the equipment is sold for $ 31,000 and the differential  between the net book value and the sale proceeds is a loss and recorded as a debit in the accounting entry

4 0
3 years ago
Your company is considering a new project that will require $10,000 of new equipment at the start of the project. The equipment
zmey [24]

Answer:

Estimate the present value of the tax benefits from depreciation:

D. $1,851

Explanation:

<em>Step 1: Determine annual depreciation</em>

A.D=(A.C-S.V)/N

where;

A.D=annual depreciation

A.C=acquisition cost

S.V=salvage value

N=useful life

In our case;

A.D=unknown, to be determined

A.C=$10,000

S.V=$3,000

N=5 years

replacing;

A.D={(10,000-3,000)/5}=7,000/5=$1,400

Annual depreciation=$1,400

<em>Step 2: Determine annual tax benefits</em>

Annual tax benefits=tax rate×annual depreciation

where;

tax rate=34%=34/100=0.34

annual depreciation=$1,400

replacing;

Annual tax benefits=0.34×1,400=$476

<em>Step 3: Determine present value of the annual tax benefits</em>

Year                  Future value                Present value

 1                          476                            476/{(1+0.09)^1}=436.70

 2                         476                            476/{(1+0.09)^2}=400.64

 3                         476                            476/{(1+0.09)^3}=367.56

 4                         476                            476/{(1+0.09)^4}=337.21

 5                         476                            476/{(1+0.09)^5}=309.37

Total present value of the tax benefits=436.70+400.64+367.56+337.21+309.37=$1,851.48

Estimate the present value of the tax benefits from depreciation=$1,851

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Answer:

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