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3 years ago

What does surplus mean in Economics?

1 answer:

6 0

A surplus is used to describe many excess assets including income, profits, capital and goods. A surplus often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained. Economic surplus is related to supply and demand

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On September 1, Boylan Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inve

natima [27]

Answer:

Sept 6. DR Inventory (80 * 20) 1,600

CR Accounts Payable $1,600

Sept 9. DR Inventory 80

CR Cash 80

Sept 10. DR Accounts Payable 63

CR Inventory 63

Sept 12. DR Accounts Receivable (26 * 31) 806

CR Sales Revenue 806

DR Cost of Goods Sold (21 * 26) 546

CR Inventory 546

Sept 14. DR Sales Returns and Allowances 31

CR Accounts Receivable 31

DR Inventory 21

CR Cost of Goods Sold 21

Sept. 20 DR Accounts Receivable (30 * 32) 960

CR Sales Revenue 960

DR Cost of Goods Sold (30 * 21) 630

CR Inventory 630

3 0

4 years ago

The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In

ikadub [295]

Answer: $230,500

Explanation:

Goodwill is the amount over the value of a company that is purchased for.

Fair market value is the relevant value used in goodwill calculation because it represents the current value of the assets acquired.

Goodwill = Acquisition price - Fair market values of the assets

= 511,000 - 35,000 - 183,000 - 46,500 - 16,000

= $230,500

8 0

3 years ago

Which statement is accurate about safe posture?

-Dominant- [34]

Hello! Here is the answer to your question.

 Safe posture includes keeping the natural S-curve in your back.

I hope this helps you and have a Great day!

5 0

3 years ago

If the dollar contribution margin per unit is increased by 8%, total fixed expenses is decreased by 18%, and all other factors r

satela [25.4K]

Answer:

Increase

Explanation:

Since the Contribution increased and Fixed Costs have decreased, the resulting effect is an Increase in Net Operating Income. Thus, all other factors remain the same, net operating income will: Increase

8 0

3 years ago

Living Wages - This is the topic of debate. I am looking for a help on two things. How to write the paper and how to prepare the

vazorg [7]

Answer:

the answer is as follows

Explanation:

First of defining real wages is a cumbersome process. The living wage calculator developed by MIT professor Amy Glasemeier in 2004 eased the way a little but that too has it's issues.

The paper you are trying to write should start with this that how the idea of living wages is in itself difficult to be adopted as it is. Second the free market approach has been more successful in the economic history and a lot of evidence and data is available on that. The analysis that your paper will develop should outline the concerns that mainstream economists have regarding living wages and support it with some actual data.

The presentation would be rather easy after writing the paper. Which will include some graphs and data and some scholarly citations and it should work.

3 0

3 years ago