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2 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 January 1, James Industries leased equipment to a customer for a four-year period, at which time possession of the leased ass

MA_775_DIABLO [31]

Answer:

- $700,000

- 82,270

-  $617,730

- present value of $1: n=4, i=5%

- the present value of an ordinary annuity of $1: n=4, i=5%

Explanation:

Amount to be recovered (fair value): $700,000

Less: Present value of the residual value ($100,000 x .82270*): 82,270

Amount to be recovered through periodic lease payments: $617,730

Lease payments -: end of each of the next four years: ($617,730 ÷ 3.54595**) $174,207

* present value of $1: n=4, i=5%

** present value of an ordinary annuity of $1: n=4, i=5%

7 0

3 years ago

When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balan

DanielleElmas [232]

Answer:

Outstanding checks

Explanation:

One of the reasons why a cash book and a bank statement might not show identical entries arise from outstanding checks.

Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.

8 0

2 years ago

Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IR

notka56 [123]

Answer:

9.43%

Explanation:

The computation of the internal rate of return is calculated by using the spreadsheet which is shown in the attachment

The internal rate of return is the return at which the net present value comes to zero i.e.

Net present value = 0

initial investment = Present value of cash flows after taking the discounting factor

After solving the given problem, the internal rate of return is 9.43%

5 0

3 years ago

What is the term that describes a company's ability to maintain and gain market share in its industry?

FromTheMoon [43]

Competitiveness A company's ability to maintain and gain market share in its industry.

<h3>What is Competitiveness ?</h3>

Competitiveness is defined as an organization's capacity to execute its objective more successfully than competitor organizations' goods. The law of supply and demand tends to balance markets.

In the instance of business competitiveness, we can describe it as an organization's capacity to provide goods or services with a favorable quality-price ratio that ensures strong profitability while gaining client preference over competitors. Competitiveness ensures the company's long-term viability.

Competitiveness, as a motivator that motivates people to work hard, promotes personal development. Because such people do not want to be left behind in competition, they have an inner drive to study more, work more, and always improve on what they know or have.

To know more about Competitiveness follow the link:

brainly.com/question/26491505

#SPJ4

8 0

1 year ago

Mirr, Inc. was incorporated on January 1, 2010, with proceeds from the issuance of $750,000 in stock and borrowed funds of $110,

murzikaleks [220]

Answer: the correct answer is $ 885,000

Explanation:

Mirr began operations on January 1, 2010

Assets= Liabilities + Patrimony or owner's equity

$860,000 = $110,000+ $750,000

In the first year liabilities grew to $120,000 and patrimony increased to $765,000 which is $750,000 beginning balance + $18,000 ($82,000 revenues - $64,000 expenses) - $ 3,000 declared dividends.

So for December 31, 2010 the assets should be

$885,000 = $120,000 + $ 765,000.

4 0

2 years ago