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elena-s [515]
3 years ago
10

John has been working as a tutor for $300 a semester. When the university raises the price it pays tutors to $400, Jasmine enter

s the market and begins tutoring as well.How much does producer surplus rise as a result of this price increase?a. by less than $100b. between $100 and $200 c. between $200 and $300 d. by more than $300
Business
1 answer:
Elza [17]3 years ago
4 0

Answer:

b. between $100 and $200

Explanation:

Producer surplus: The producer surplus is a difference between the willing price declared by the producers and the price the producers receives for supplying the goods and services.

In mathematically,

Producer surplus = Willing price - Receiving price

                            = $400 - $300

                            = $100

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Which do you think creates more of a challenge for marketers, multiculturalism or multigenerationalism? EXPLAIN
Harlamova29_29 [7]

Multiculturalism is when there are several different cultural or ethnic groups within society. These people differ on culture, race and ethnicities so their values and way of life are unique to their culture.  Multigenerationalism is when there are several different age groups (generations) present within society. I think it is more of a challenge for marketers to market with many different cultures living within society because cultures usually have larger differences over generations. With generations, customs do change and there are differences but they are still of the same nationality and race so the social norms are much more similar.  When there are larger differences it is hard to market and reach all of the potential consumers.

3 0
3 years ago
اقرأ الفقرة التالية واجب عن الأسئلة التي تليها .33
kicyunya [14]

Answer:

الدينار البحريني، (بالإنجليزية: Bahraini dinar)‏، هو عملة البحرين.[1][2][3] يقسم الدينار إلى 1000 فلس. وهو مرتبط بالدولار الأمريكي.





البلد البحرينتاريخ الإصدار1965رمز العملةد.برمز الأيزو 4217BHDالمصرف المركزيمصرف البحرين المركزيموقع المصرف المركزيمصرف البحرين المركزيسعر الصرف2 دولار أمريكي (22 نوفمبر 2016)

2.65957446809 دولار أمريكي

10 روبية خليجية  العملات المعدنية1⁄2, 5, 10, 25, 50, 100 (500 فلس)العملات الورقية1⁄2, 1, 5, 10, 20 د.ب.الموقع الرسميwww.cbb.gov.bhتعديل مصدري - تعديل 

يبلغ سعر صرف الدينار البحريني 2.6526 الدولار الأمريكي، أو 1 دولار يعادل 377 فلس.

7 0
3 years ago
You want to buy a new sports coupe for $74,500, and the finance office at the dealership has quoted you a loan with an APR of 6.
Pachacha [2.7K]

Answer:

a) Monthly payments = $22,969.38

b) Effective rate of return= 7.12%

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>

The monthly installment is computed as follows:  

Monthly installment= Loan amount/annuity factor

Loan amount; = 74,500

Annuity factor = (1 - (1+r)^(-n))/r

r -monthly rate of interest, n- number of months

r- 6.9%/12 = 0.575 % = 0.00575, n = 36 =

Annuity factor = ( 1- (1+00575)^(-36)/0.00575= 32.434

Monthly installment = Loan amount /annuity factor

=  74,500/32.434= 22,969.38

Required monthly payments = $22,969.38

Effective annual interest rate

Effective rate of return = ((1+r)^n- 1) × 100

where r - monthly interest rate- 6.9%/12 = 0.575%

n- number of months= 12 months

Effective rate of return - (1+00575)^(12) - 1× 100=  7.12%

Effective rate of return= 7.12%

5 0
2 years ago
How is the work in process inventory account related to the finished goods inventory account?
jek_recluse [69]
A.) factory overhead
8 0
3 years ago
The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015: Account
Nuetrik [128]

Answer:

Postal Service

The amount that would be reported for Stockholders' Equity at December 31, 2015 is:

= $130,000.

Explanation:

a) Trial Balance

December 31, 2015:  

Cash                                         $15,000

Accounts receivable                   11,000

Supplies                                       4,000  

Prepaid insurance (12-month)    6,000

Equipment                               210,000

Accounts payable                                    $ 18,000

Accumulated depreciation – equipment  28,000

Note payable, due 6/30/16                        70,000

Common stock                                           42,000

Retained earnings (1/1/15)                          60,000

Dividends                                   14,000

Service revenue                                        133,000

Advertising expense                 21,000

Depreciation expense              12,000

Insurance expense                    3,000

Rent expense                           17,000

Salaries and wages expense 32,000

Supplies expense                     6,000

Totals                                   $351,000 $351,000

Income Statement for the year ended December 31, 2015

Service revenue                                      $133,000

Advertising expense                 21,000

Depreciation expense              12,000

Insurance expense                    3,000

Rent expense                           17,000

Salaries and wages expense 32,000

Supplies expense                     6,000     $91,000

Net income                                              $42,000

Statement of Retained Earnings

For the year ended December 31, 2015

Retained earnings (1/1/15)                        $60,000

Net income                                                 42,000

Dividends                                                    (14,000)

Retained earnings (December 31, 2015) $88,000

Equity:

Common stock     $42,000

Retained earnings  88,000

Total equity         $130,000

4 0
2 years ago
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