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3 years ago

Use this image to answer the following question. When government sets a price for a good above equilibrium, there will be

Business

2 answers:

azamat3 years ago

4 0

When government sets a price for a good above equilibrium, there will be a surplus.

iogann1982 [59]3 years ago

3 0

<span>When government sets a price for a good above equilibrium, there will be a surplus. The other choices in the question are incorrect. The correct option among all the options that are given in the question is the fourth option or the last option. I hope that this is the answer that has helped you.</span>

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Marcy's, Inc. operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2013 third-quarter r

NemiM [27]

Answer:

Estimate merchandise purchases for the third quarter is $2.8 billion

Explanation:

The computation of the merchandise purchases for the third quarter is shown below:

= Ending inventory + Cost of goods sold - Beginning inventory

= $3.5 billion + $2.4 billion - $3.1 billion

= $2.8 billion

We simply apply the cost of goods sold formula which is shown below:

Cost of goods sold = Opening inventory + Purchase - ending inventory

6 0

4 years ago

When is a market efficient?When total surplus is maximized, the market will be efficient.Click or tap "True" or "False" to answe

devlian [24]

Answer:

TRUE

Explanation:

Whrn the market is efficient the total surplus ( consumer and producer surplus) Is that their peak thus, any intervention from the government will generate deadweight-loss and make in inefficient. This will reduce the surplus of one or both, the consumer or producer and thus, not achieving the maximum surplus

4 0

3 years ago

Next year, the price of a stock is expected to be $2,200 and the stock will pay a $55 dividend. The interest rate is 10%. Based

Rudiy27

Answer:

Stock Price = $103.77 <----ANSWER(2)

Explanation:

6 0

3 years ago

Brandeis Corporation has two production Departments: P1 and P2 and two service departments: S1 and S2. Direct costs for each dep

luda_lava [24]

Answer:

a. $90,875

Explanation:

Provided information we have,

Individually allocated cost

S1 = $62,000 S2 = $102,000 P1 = $162,000 P2 = $142,000

Firstly under step method cost allocation will be from S1 to S2, P1, P2

Ratio = 0.7 : 0.1: 0.2

Thus allocated to S2 = $62,000 $\times$ 0.7 = $43,400

P1 = $62,000 $\times$ 0.1 = $6,200

P2 = $62,000 $\times$ 0.2 = $12,400

Total cost of S2 = $102,000 + $43,400 = $145,400

Ratio between S1: P1: P2 = 0.2:0.3:0.5

Amount allocated to P1 = $145,400 $\times$ $\frac{0.3}{0.8}$

= $54,525

Amount allocated to P2 = $145,400 $\times$ $\frac{0.5}{0.8}$

= $90,875

Therefore, correct option is

a. $90,875

4 0

3 years ago

An individual leaves a college faculty, where she was earning $70,000 a year, to begin a new venture. She invests her savings of

Lubov Fominskaja [6]

Answer:$141,000

Explanation:

Implicit cost related to the given question

Earning as a college faculty left = 70,000

Interest on own investment = 6% on 42,000 = 2520

Total implicit cost = 70,000+2520 = 72,520

Explicit cost the related to the given question

Rent of office equipment = 25,000

Hiring two students at 18,000 each = 36,000

Rent of office space = 10,000

Other variable expenses = 38,000

Total explicit cost = 25,000+36,000+10,000+38,000 = 109,000

Total Revenue = 250,000

Accounting profit = Total Revenue – Explicit Cost

Accounting profit = 250,000 – 109,000 = $141,000

6 0

4 years ago