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vivado [14]
3 years ago
13

Jonathan purchased coffee for $5 at Jennifer's coffee shop, although he was willing to pay $9. Jennifer was willing to accept $3

for the coffee. The results of this transaction are a consumer surplus of _____ and a producer surplus of $______
Business
1 answer:
dexar [7]3 years ago
3 0

Answer:

1) Consumer surplus of $4

2) producer surplus of $2

Explanation:

1) The consumer surplus is the difference between the highest price a consumer is willing to pay and the actual market price of the good or service.

Consumer surplus = Maximum price willing to pay - actual price

Consumer surplus = $9 - $5

Consumer surplus = $4

2) The producer surplus is the difference between the market price and the lowest price a producer would be willing to accept.

Producer surplus = Total revenue - total cost.

Total revenue is the revenue received from selling.

Producer surplus = $5 - $3

Producer surplus = $2

Therefore, the results of the transaction between Jonathan and Jennifer are a consumer surplus of $4 and a producer surplus of $2.

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When making any type of business you have to register it. I'm making an online store. When I register my website domain does tha
Elden [556K]

Answer:

The answer to this question is given below in the explanation section.

Explanation:

In this question, it is asked about two things. Registering and business and registering a website.

First, we explore registering a business, and then we will explore registering a website.

Registering a business:

In any economy or any country, if you are making any type of business and it is legally approved by that government, then it is your moral duty to register the business because government collect taxes from registered business and give benefit in return to those whose business is registered.

To register a business, it requires you to register your business with company registration institution. The business that has registration considered authentic and legally proved business and everyone can trust these businesses while dealing. Government gives incentives and benefits to registered business and solve their issues if they have any, for example, to do import and export, the government facilitate you in this regard.

Registering a business website:

Registering a business website is like to make your online existence that everyone globally approaches you. Registering a business and registering a website, both are different things. Registering a business website, or getting a domain for your site, does not count as registering it. The procedures for registering a business in any country is different than registering or getting a domain name for your website. for example, if I am in Pakistan, and I want to register my website, it might chances that I will register it on Microsoft cloud or google cloud. This registration does not contribute and give benefit to Pakistan in the collection of tax. And the government does not give me incentive as likes others who have registered their business with registration body.

3 0
3 years ago
On January 1, 20X4, Polar Corp. paid $104,000 for $100,000 par value, 9% bonds of Seal Corp. Seal had issued $300,000 of the 10-
Eddi Din [679]

Answer:

$14,000

Explanation:

Amount of interest expense = [(Bond issued by 'S' company x 9%) - Amount of    

                                                   premium x (unsold bonds / Bonds issued)]

                                           =  (300,000 x 0.09) - 60000/10 x 200,000/300,000

                                          =  (27,000 - 6000) x 0.66667

                                          =  21,000 x 0.66667

                                          = $14,000

                                         

 

7 0
3 years ago
A high-interest savings account pays 5. 5% interest compounded annually. If $300 is deposited initially and again at the first o
Arte-miy333 [17]

For the given question, the summation that represents the money in account is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

\rm A = P(1 + \dfrac{r}{100})^t where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.

<h3>Solution:</h3>

Given:

Annual interest rate(r) is 5.5%

Principal is(P) $300

Tenure is(t) 10 years

On substituting the values in the formula \rm A = P(1 + \dfrac{r}{100})^t

The amount received after compounding at the end of 1 year will be:

\rm A = 300(1 + \dfrac{5.5}{100})^1\\&#10;\\&#10;A=300(1.055)\\&#10;\\&#10;A=\$316.5

Similarly, the amount to be received after 2 years will be:

316.5+316.5(1.055)

The amount received after 10 years will be:

316.5+316.5(1.055)+316.5(1.055)^2+.......  upto 10 years

Therefore the summation that represents the money in account after 10 years is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

Learn more about compound interest here:

brainly.com/question/25857212

5 0
2 years ago
Last month your average daily rate was $76.99, and you had 2,932 rooms occupied. You want to know how this compares to the same
poizon [28]

Answer:

85 less rooms this year than last

Explanation:

The number of rooms (n) occupied for this month last year is given by the Room Revenue ($231,470) divided by the daily rate ($76.72):

n=\frac{\$231,470}{\$76.72}\\n=3,017\\

The number of rooms occupied last year is larger than the number of rooms occupied this year by:

\Delta n = 3,017-2,932\\\Delta n = 85\ rooms

The hotel occupied 85 less rooms this year than last.

7 0
3 years ago
Casassa, a merchant in San Francisco, under the terms of a nonshipment contract, agrees to sell 50 cases of packaged macaroni to
Ugo [173]

Answer:

Fresno

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America. There are special rules known as the special business standards that are set up by UCC governing merchants and the sales of goods in Article 2 of the Uniform Commercial Code.

Under Article 2 of the Uniform Commercial Code, a shipment contract between two parties (buyer and seller) states that a buyer bears the risk of loss and is typically responsible for the costs of goods in the event of any damage or loss incurred during transportation and prior to receiving the goods.

In this scenario, the transaction is a nonshipment contract and the place for delivery is not specified in the agreement.

However, on the basis of the facts that both parties are aware that the 50 cases of packaged macaroni are in a warehouse in Fresno, the place for delivery is Fresno.

8 0
3 years ago
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