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Viktor [21]
2 years ago
10

The minimum acceptable price for a product that producer Sam is willing to receive is $15. The price he could get for the produc

t in the market is $18. How much is Sam’s producer surplus? rev: 05_10_2018 Multiple Choice $3 $33 $45 $270
Business
1 answer:
nordsb [41]2 years ago
5 0

Answer:

$3

Explanation:

Producer surplus is the difference between the minimum acceptable price a producer is willing to receive for his product and the price he sells the product.

Producer surplus = $18 - $15 = $3

I hope my answer helps you

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McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t
miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of  $2,499,000.

therefore retained earnings for the year = ending retained earnings balance  - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is  thus =  $257,000 since no dividends were paid.

6 0
3 years ago
Paige is thinking about discontinuing a software program her company
Flura [38]

Answer:

C. Her company may still need to provide customer service to existing customers.

Explanation:

Apex

8 0
2 years ago
A new building that costs $1,400,000 has a useful life of 10 years and a scrap value of $100,000. Using straight-line depreciati
xz_007 [3.2K]

Answer:

V = $1,400,000 - $130,000t

Explanation:

Data provided in the question:

Cost of the new building = $1,400,000

Useful life = 10 years

Scrap value = $100,000

Now,

using the straight line method

Annual depreciation = [ Cost - Scrap value ] ÷ Useful life

= [$1,400,000 - $100,000 ] ÷ 10

= $130,000

Value of building = Cost of the building - Depreciation for 10 years

V =  $1,400,000 - [ Annual depreciation × Time ]

V =  $1,400,000 - $130,000t

4 0
3 years ago
On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,500. The following additional
marishachu [46]

Answer:

The amount that Plunkett should report in ending inventory on December 31 is $156,300

Explanation:

The computation of the ending inventory is shown below:

= Ending inventory balance - FOB destination goods purchased - goods being held on consignment

= $215,500 - $44,100 - $15,100

= $156,300

The other items would not be adjusted because the other items are not included in the ending inventory so they are not being considered in the computation part.

5 0
3 years ago
Nicole has a contract to buy 14 cases of hammers from Tyler. Tyler breaches the contract. Even though she can get similar hammer
mario62 [17]

Answer:

B) No, because she can get similar hammers elsewhere.

Explanation:

When someone sues for specific performance he/she is asking the court to order the defendant to complete performance the contract. They are not suing to recover any damages that may have resulted from the breaching of the contract.

In this case, Nicole would have probably been able to sue Tyler for some type of compensatory damages, but since the hammers are such a common good, it would be very difficult for her to obtain an specific performance order.

4 0
2 years ago
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