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3 years ago

Quizlet: Under autarky, consumer surplus is represented by the area

Business

1 answer:

solong [7]3 years ago

5 0

Answer:

The correct answer is option c.

Explanation:

Autarky can be defined as a situation where a nation is self-sufficient and does not trade internationally. Consumer surplus is the difference between the maximum price a consumer is willing to pay and the price he actually has to pay.

In the case of autarky, the consumer surplus id the area below the demand curve and above the equilibrium price. The producer surplus is the area above the supply curve and below the equilibrium price.

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Tiptoe shoes, had annual revenues of $185,000, expenses of $103,700, and paid dividends of $18,000 during the current year. The

Natalka [10]

<u>Calculation of ending retained earnings balance after closing:</u>

The balance in ending retained earnings after closing can be calculated as follows:

Balance in retained earnings account before closing $297,000

Add: Revenues $185,000

Less: Expenses $103,700

Less: Dividends $18,000

Ending retained earnings balance after closing = $360,300

Hence, The balance in ending retained earnings after closing is <u>$360,300</u>

4 0

2 years ago

Read 2 more answers

Vanessa contributed $20,000 of cash and land with a fair market value of $100,000 and an adjusted basis of $40,000 to Cook, Inc.

IRISSAK [1]

Answer:

Vanessa's tax basis in cook inc. $50,000

Explanation:

Given:

Cash = $20,000

Fair market value = $100,000

Adjusted basis = $40,000

Mortgage executed = $30,000

Now,

For the tax basis

cash $30,000

add; Land ( adjusted basis ) $40,000

less ; Mortgage $20,000

============================================

Vanessa's tax basis in cook inc. $50,000

============================================

6 0

2 years ago

Suppose that you are the vice president of marketing for Target, the large retail store chain. You want to keep your website and

marysya [2.9K]

<h2>wireless payments from mobile devices.</h2>

Explanation:

Now the trend is cashless. Everybody has smart phones and people are willing to pay through various money transfer application. So according to the given situation Vice president should choose wireless payments from mobile devices.

Option A: Correct answer

Option B: Social media application can only be used to promote product and not payment so far.

Option C: Desktop will still be present since it is not only mobile apps that is existing. May are using websites for payment

Option D & E: invalid choice.

5 0

3 years ago

Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma

TiliK225 [7]

Answer:

Interest paid in cash in 2018 = $0

Interest recognized on the Income statement = $1,800

Liabilities recognized = $90,000

Amount paid for Principal and interest = $93,600

Interest reported on 2019 Income statement = 1800

Explanation:

Interest paid in cash in 2018 is zero because interest and principal were paid in cash on the maturity date.

Interest recognized in 2018 = 90000*0.08*3/12 = $1800

liabilities are recognized at original amount because the interest is not capitalized and no payment made thus far.

Amount paid on maturity date is 93,600 ( 90000 principal, 3600 interest)

interest reported is for three months jan - march

7 0

3 years ago

Crossroad Corporation is trying to decide whether to invest to automate a production line. If the project is accepted, labor cos

barxatty [35]

Answer:

kaby lame

Explanation:

Now don't get us wrong – not all of these answers raise this excellent question

8 0

3 years ago