Answer:
The correct answer is option A.
Explanation:
Producer surplus can be defined as the difference between the price that the sellers are willing to accept and the actual price the get for the product.
Graphically representing, it is the area above the supply curve and below the actual price. This area indicates the total benefit that the producer is earning by supplying the product at actual price.
Producer surplus acts as a measure of producer welfare and is equal to the difference between total revenue earned and the total cost incurred in the production process.
Interest on the loan and homeowner's insurance and property taxes
Answer:
Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.
Explanation:
Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.
Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :
- build awareness and promote entrepreneurship among the students.
- Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.
- Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.
- Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.
Answer:
Cash flow from operating activities $472,000
Explanation:
The computation of the cash flows from operating activities to be reported on the statement of cash flows is given below:
Beginning account receivable $120,000
Add: net income $457,000
less: ending account receivable -$105,000
Cash flow from operating activities $472,000