Answer:
$200
Explanation:
Given that,
Price of sweeter = $100
Marginal benefit from sweeter = $300
Recall that
Consumer surplus refers to the marginal benefits gotten from a good in excess of the price of paid for that good, summed over the total quantity of goods bought.
Since only one sweeter was bought
Thus,
Consumer surplus = (marginal benefit - price) ÷ quantity bought
= (300 - 100) ÷ 1
= $200
<span>A price ceiling would exist on items like the rent for apartments, which some municipalities would place on landlords as a way of making sure people find affordable housing. By setting the price at a maximum, the government has imposed a ceiling above which it is illegal to charge.</span>
Answer:
A. Location
Explanation:
Location departmentalization or departmentalization of location refers to the categorization of jobs on the basis of geographical location or areas. When local departmentalization is applied, there is a structuring or arranging of jobs based on geographical sites or areas. It is a reasonable arrangement for organizations that manufactures and sells goods in different locations. In this case, to foster cooperation within product groups, they are departmentalize from 12 groups to 3 regional management center based on location departmentalization.
Answer: An estimate is recorded by debiting debt expense and crediting allowance for doubtful account in the same period as the related sale.
Explanation:
The entry to record the write off a specific customer which is typically recorded later accounting period than when sales occur.
