Answer:
$ 5000
Explanation:
Economic Profit = Revenue - Cost of Material - Opportunity Cost
Economic Profit = 50,000-20,000-25,000
Economic Profit = $5000
The supplier because the tax will decrease demand bcause it is elastic.
Answer:
The answer is: She should file for Chapter 7 Bankruptcy; The discharge of debts
Explanation:
Under Chapter 7, you must first prove that your income is insufficient to allow you to pay at least a portion of your debts. There is a mathematical form for making the calculation. If you have enough income, you will need to file under Chapter 13 instead.
Under Chapter 7 you either pay your debts or give up your property for secured debts. You surrender any nonexempt property (e.g. a second house not used as primary residency, investments, artwork, jewelry, etc.) in order to pay off as much of your debt as possible.
You are able to keep all your exempt property and you are no longer in obligation to repay the remaining debt.
Answer:
Date Account Titles and Explanation Debit Credit
Bonds payable $1,000,000
Loss on retirement of bond $13,000
[$1,050,000 - $1,037,000]
Premium on bond $37,000
Cash (1,000,000*105%) $1,050,000
(Record the retirement of the bonds, using a premium account)
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
