Answer:
primary data
Explanation:
The researchers collect data and information to accomplish certain tasks. The first handed information is termed as primary data. These data are the original information based on which further study is carried on. In the above question, the original surveys which the marketing company wants to collect as a source of data fall under the primary data.
The seller surplus was $10 from this transaction. The discrepancy between the price paid and a good's marginal value is known as the seller surplus.
Seller surplus plus consumer surplus represents the sum of the economic benefits to each market participant from participating in the production and trade of the good at a price. The producer surplus is equal to the entire revenue from sales of a producer's goods minus the marginal cost of production.
Market price that is higher than the lowest price that producers would normally be willing to pay for their goods results in a seller surplus. Only variable (marginal) costs are deducted from seller surplus.
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Answer:
Dr Retained earnings $14,000
Cr Inventory $14,000
Explanation:
There is a need to make adjustment to the inventory . Therefore,
Adjusted inventory
= New method of $171,000 - Old method of $185,000
= $14,000 decrease
It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.
Also, the net income reports to retained earnings account hence decreases retained earnings.
Having made the above adjustment, we can assume that the average cost method was used for 2020 books.
Answer:
The correct answer is (D)
Explanation:
A negative externality is a cost that is endured by an outsider as an outcome of a financial exchange. In economic exchange, the manufacturer and customer are the first and second parties, and the third party is the one who suffers from the transaction it incorporates any individual, association, land, and owner. The dry-cleaning business is creating a lot of negative externalities that equilibrium cost is too high ever to be ideal, and the equilibrium quantity is excessively low.