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3 years ago

What is equilibrium?

Business

1 answer:

inysia [295]3 years ago

8 0

Answer:

Explanation:

equilibrium is pretty much self explanatory, both the demand and quantity has to be equal

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At the end of Year 2, retained earnings for the Baker Company was $3,350. Revenue earned by the company in Year 2 was $3,600, ex

garik1379 [7]

Answer:

Retained earnings at the beginning of Year 2 is $2,950.

Explanation:

Given the following:

Retained earnings at the end of Year 2 = $3,350

Revenue earned by the company in Year 2 = $3,600

Expenses paid during the period = $1,900

Dividends paid during the period = $1,300

Retained earning for year 2 = Revenue earned by the company in Year 2 - Expenses paid during the period - Dividends paid during the period = $3,600 - $1,900 - $1,300 = $400

Retained earnings at the beginning of Year 2 can be using the following formula:

Retained earnings at the end of Year 2 = Retained earnings at the beginning of Year 2 + Retained earning for year 2 .......... (1)

Substituting the values into equation (1) and sole for Retained earnings at the beginning of Year 2, we have:

$3,350 = Retained earnings at the beginning of Year 2 + $400

Retained earnings at the beginning of Year 2 = $3,350 - $400 = $2,950

Therefore, retained earnings at the beginning of Year 2 is $2,950.

5 0

3 years ago

I'm selling candy and need tips.

krok68 [10]

I would love to help you! I will talk to you in a PM. Talk to you then : )

4 0

3 years ago

Consider a profit-maximizing firm in a competitive industry. Under which of the following situations would the firm choose to pr

Mandarinka [93]

Answer:

Option (a) and (b) are considered or correct.

Explanation:

Under the following two conditions, a firm in a perfectly competitive market produces at a point where the marginal revenue is equal to the marginal cost:

(i) Minimum AVC < Price < minimum ATC : Yes

In this case, a firm may suffer a loss but it will be able to cover its minimum average variable cost. Hence, this firm continue operating in this market and if he shut down its operation then he may suffer a larger loss. Therefore, it chooses to continue operating under this market conditions.

(ii) Price > minimum ATC : Yes

In this case, the price received by the seller is greater than the minimum average total cost. Therefore, the firm is able to cover all of its cost of production and earning an economic profit. Hence, it obviously chooses to continue its operation.

The third option is not considered here because in this case, the firm won't be able to cover its variable cost.

3 0

3 years ago

he three main types of banks (Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology,

Tema [17]

The saving rate from the highest to the lowest would be :

Traditional Banks +/- 5 % of rates

Online banks +/- 4 % of rates

Credit Union +/- 2.5 % of rates

hope this helps

4 0

3 years ago

A company prepares its income statement by listing all sources of revenues and gains at the top, followed by a list of all expen

lapo4ka [179]

Answer:

Single step income statement

Explanation:

The single step income statement is the simplest form in which an income statement is prepared, e.g.

Revenues:

Sales revenues $100
Interest income $20 $120

Expenses:

Rent expense $30
Utilities expense $10
Wages and salaries $60 <u>($100)</u>

Income before taxes $20

Tax expenses <u> ($4.20)</u>

Net income $15.80

A multi-step income statement is more complex, since operating revenues and costs are reported first in order to determine operating income, then other revenues and expenses are introduced and income before taxes is calculated.

8 0

3 years ago