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Mariana [72]
3 years ago
5

Refer to exhibit 4-5. if a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. t

he number of kidneys transplanted would increase by _________ compared to the number transplanted at a price ceiling of p= $0. (q3 - q2) q2 (q2 - q1) (q3 - q1)

Business
1 answer:
Paladinen [302]3 years ago
5 0

Answer: (q2 - q1).

Explanation:

A free market is an economic system whereby production of goods and services are being regulated by demand and supply forces. In this economic system, it should be noted that there's little or no intervention from the government.

If a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. The number of kidneys transplanted would increase by (Q2-Q1) compared to the number transplanted at a price ceiling of p= $0.

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At January 1, 2021, Transit Developments owed First City Bank Group $600,000, under an 11% note with three years remaining to ma
Lana71 [14]

Answer:

Dr Land 125,000

Cr Gain on disposition of assets125,000

Dr Notes payable 600,000

Dr Interest payable 66,000

Cr Gain on troubled debt restructuring 216,000

Cr Land 450,000

Explanation:

Preparation of journal entry(s)

Based on the information given we were told that they group have agreed to settle Transit’s debt innexchange for land which have a fair value amount of $450,000 mean while the Transit purchased the land in 2017 for the amount of $325,000 which means that the Journal entry will be :

Dr Land 125,000

($450,000 – 325,000)

Cr Gain on disposition of assets125,000

Based on the information given we were told that Transit owed First City Bank Group the amount of $600,000 that has an 11% note which means that the Journal entry will be :

Dr Notes payable 600,000

Dr Interest payable 66,000

(11% x $600,000)

Cr Gain on troubled debt restructuring 216,000

Cr Land 450,000

7 0
2 years ago
Apply the accounting equation to the following problem. Total assets of Charter Company equal $700,000, and its equity is $420,0
natulia [17]

Answer:

The amount of its liabilities is 280000

Explanation:

In a business balance we can see the following accounting equation

liabilities + owners' equity= assets

liabilities = assets -owners' equity

liabilities = $700,000-$420,000

liabilities = $280,000

6 0
3 years ago
NEED THIS ASAP
GaryK [48]

Answer:

When the economy reaches full real output, there is no spare capacity left and therefore as real output increases, the price level will increase. There are no workers left in the economy as full employment is reached.

5 0
3 years ago
Which is bigger 100,000 or .000157
Fudgin [204]
100,000? because .000157 is a decimal, right?
7 0
3 years ago
Read 2 more answers
EB4.
avanturin [10]

Answer:

Fixed and Variable cost:

Fixed cost are the costs which cannot be changed with change in the level of goods and services sold or produced.

Variable cost are the costs which changes with change in the level of output produced and sold.

Product and Period cost:

Product costs are the costs which are incurred for making the product such as direct material, factory overhead and direct labor, etc.

Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.

Therefore, the classification of items is as follows:

(a) Variable cost - Product cost

(b) Variable cost - Product cost

(c) Fixed cost - Period cost

(d) Fixed cost - Period cost

(e) Fixed cost - Period cost

(f) Fixed cost - Period cost

(g) Variable cost - Product cost

(h) Fixed cost - Period cost

(i)  Fixed cost - Period cost

6 0
3 years ago
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