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4 years ago

Price falls from $6.50 to $6.00. Quantity demanded increases from 100 to 200.

Business

1 answer:

alukav5142 [94]4 years ago

8 0

Answer:

1200

Explanation:

Well the question is not completely correct I mean what was the price of the product. What percentage of markup do the store have but anyway you said 6 usd for one and 200 sold

200*6=1200

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3 years ago

Companies that have become successful with a limited standard product offering often fall into the trap of subsequently broadeni

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Answer:

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Explanation:

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4 years ago

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3 years ago

Read 2 more answers

Jing Company was started on January 1, Year 1 when it issued common stock for $28,000 cash. Also, on January 1, Year 1 the compa

denpristay [2]

Answer:

5,280 net income for the Year 3

Explanation:

This would be the situation:

17,400 revenue

11,000 expenses

gain/loss on sale of equipment

= net income year 3

To know the result of the sale of equipment we have to do

sales price - book value = gain/loss on sale of equipment

8900 - book value = gain/loss

We have to determinate the book value.

book value = adquisition cost - acumulated depreciation

The equipment cost 15,200 + 1,300 transportation cost = 16,500 Adquisition Cost

acumulated depreciation = depreciation per year * 3 years

and depreciation per year is:

$\ $ depreciation per year $= \frac{Adquisition Value - Salvage Value }{Useful Life}$

Here we have all the values, so we stop digging and start solving.

depreciation = (16,500-5,700)/5 = 2,160

acumulated depreciation = 2,160 * 3 = 6,480

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net income = 17,400 - 11,000 - 1,120 = 5,280 net income for the Year 3

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4 years ago

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Accumulated depreciation is the total amount of a company's asset depreciation, whereas depreciation expense is the amount depreciated for a single period. Depreciation is an accounting entry that represents the decrease in the cost of an asset over its useful life.

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To know more about Accumulated depreciation follow the link:

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