Answer:
A
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
Because price is below equilibrium price, consumer surplus would increase and producer surplus would reduce
Answer:
b. decreases retained earnings but does not change total stockholders' equity.
Explanation:
<u>a. </u>increases common stock outstanding and increases total stockholders' equity.
<u>FALSE: </u>The Equity does not change as the Retained Earnings are used to issue the Shares, so no change in the total Stockholders Equity
<u>d. </u>increases retained earnings and increase total stockholders' equity.
<u>FALSE: </u>The retained earnings are debited thus, decrease when declaring dividends
<u>c.</u> may increase or decrease paid-in capital above par but do not change total
stockholders' equity.
<u>FALSE: </u>paid in will increase or not be used, as the shares will have a minimum value for the company of his face value.
<u>b. TRUE</u> RE decrease as from there comes to the funds. The total SE does not change it change his composition.
Answer: $51,400
Explanation:
Credits to Accounts Receivable represent a reduction in the Accounts receivable amount.
The formula for Closing balance is:
Closing balance = Opening balance + Credit sales - Credits to accounts receivable
Making Credit sales the subject will make the formula:
Credit sales = Credits to account receivable + Closing balance - opening balance
= 56,800 + 17,000 - 22,400
= $51,400
Savings accounts is the most liquid
Matching each scenario to the insurance needed for protection.
- Tyrell's son has leukemia and will need cancer medications- Health insurance.
- Someone broke into Maria's house and stole her flat screen TV and other values- Homeowners insurance.
- Don wants to make sure his family has enough money to pay off the house if he dies- Life insurance.
- Jill broke both of her legs in a skiing accident. She will be out of work for several months while she recovers from her injuries- Disability insurance.
- Due to careless driving, Lisa hit another car and hurt the passengers inside- Liability insurance.
<h3>What is insurance?</h3>
Insurance can be defined as a coverage that help to cover cost or expenses in case of unforeseen or unexpected circumstances such as:
Therefore Tyrell's son has leukemia and will need cancer medications- Health insurance.
Learn more about insurance here:brainly.com/question/25855858
#SPJ1
