Answer would be .24, according to my "calculations"
Answer:
$249,500
Explanation:
Calculation for the amount that Sheridan should report as its December 31 inventory
Using this formula
December 31 inventory=Goods costing+Goods purchased +Goods sold
December 31 inventory=$198,500+$25,000+$26,000
December 31 inventory=$249,500
Therefore the amount that Sheridan should report as its December 31 inventory will be $249,500
Answer:
Consumer surplus = (60000 - 40000)+ (90000 - 40000)+(40000 - 40000) = $70000
Producer surplus = (40000 - 20000)+(40000 - 30000)+ (40000 - 40000) = $30000
Social surplus = Consumer surplus +Producer Surplus= 70000 + 30000 = $100000
Consumer surplus = (Willingness to pay – Price)
Producer surplus = ( Price –Cost)
Answer:
b.Increases in the global population
c.Services such as web conferencing and teleconferencing that facilitate international meetings.
d.International trade agreements such as the North American Free Trade Agreement (NAFTA).
Explanation:
As the countries increase their trade with free trade agreement like NAFTA or the Eurozone which enables to a higher transactions of factors between countries like labor, capital and goods.
Also better communications method facilitate to build trust between parties thus, making trade more feasible.
More population enables more people willing to trade as well.
