Answer: d. There are no unconsummated wealth creating transactions
Explanation:
In an equilibrium, a price has been reached that everyone is satisfied with. This is why there are no unconsummated wealth creating transactions.
The market has managed to bring together people who are want a certain good more than they will pay for it and sellers who value the good less than they will receive for it. The Equilibrium therefore sets a price that is fair on both these people which will mean that they will not be able to unfairly trade with one another. The person who values the good more than they can pay will be able to pay the person who values the goods less than they will receive. Equilibrium has brought them to a middle ground.
Answer:
$16,8 per unit
Explanation:
With regards to the above, given that;
Sales volume = 36,500 units
Sales = $613,200
Sale volume updated = 42,300 units
The average sales commission per unit at a sales volume of 42,300 units
= $613,200 ÷ 36,500 units
= $16.8 per unit
Answer:
i am having a hard time unstanding you can you elaborate
Answer:
Michel Company
On its current consolidated income statement, Michel Company should report:
the consolidated revenue and expenses of Michel Company and Aber Corp.
Explanation:
There is a 25% (100% - 75%) share for non-controlling or minority interest in the net income or loss of the Aber Corp. With this, readers of the financial statements of the parent company, Michel Company, are well-informed that only 75% of the net income or loss from the Aber Corp. actually belongs to the stockholders of Michel Company.
