All categories

3 years ago

For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.

Business

1 answer:

Gnom [1K]3 years ago

5 0

Answer:

Alice's consumer surplus = $5

Jeff's consumer surplus = $16

Nicole's producer surplus = $1

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.

Consumer surplus = willingness to pay - price of the good

Producer surplus is the difference between the price of a good and the least price the producer is willing to accept

Producer surplus = price of the good - least price the producer is willing to accept

Alice's consumer surplus = $30 - ($35 - $10) = $5

Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16

Nicole's producer surplus = $501 - $500 = $1

You might be interested in

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

Ira Lisetskai [31]

Answer:

$160,637.40

Explanation:

Calculation for the applied manufacturing overhead for the year

First step is to find the Predetermined overhead rate using this formula

Predetermined overhead rate=Estimated manufacturing overhead÷Estimated machine-hours

Let plug in formula

Predetermined overhead rate=157,150÷4,520

Predetermined overhead rate= 34.77

Last step is to calculate for the Applied Manufacturing overhead for the year using this formula

Applied manufacturing overhead for the year = Actual machine-hours*Predetermined overhead rate

Let plug in the formula

Applied manufacturing overhead for the year=

4,620*34.77

Applied manufacturing overhead for the year=$160,637.40

Therefore the applied manufacturing overhead for the year is closest to:$160,637.40

7 0

2 years ago

Does the sec require the entity to disclose in the current reporting period the future effect that the accounting change is expe

nevsk [136]

Estimates of SEC made every period in the normal course of accounting for things like uncollectible accounts or inventory obsolescence do not need disclosure of such effects; nevertheless, disclosure is necessary if the impact of a change in the estimate is significant.

After the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the federal government of the United States. The SEC's main goal is to uphold the law against market manipulation.

The Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and other laws are enforced by the SEC in addition to the Securities Exchange Act of 1934, which established it. Section 4 of the Securities Exchange Act of 1934, also known as the Exchange Act or the 1934 Act and currently codified at 15 U.S.C. 78d, established the SEC.

To learn more about Securities Act,visit:

brainly.com/question/17329529

#SPJ4

7 0

1 year ago

Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Benning. The machi

romanna [79]

Answer:

beginning inmediately: $ 140,095.127

after a year: $ 152,703.688

with a salvage value: $ 148,227.912

Explanation:

We need to find the PMT of 980,000 dollars being ordinary annuity or annuity-due discounted at 9%

Annuity-due:

$PV \div \frac{1-(1+r)^{-time} }{rate}(1+r) = C\\$

PV $980,000.00

time 10

rate 0.09

$980000 \div \frac{1-(1+0.09)^{-10} }{0.09} (1.09)= C\\$

C $ 140,095.127

Annuity:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $980,000.00

time 10

rate 0.09

$980000 \div \frac{1-(1+0.09)^{-10} }{0.09} = C\\$

C $ 152,703.688

If there is a salvage value, we discounted from the lease value:

980,000 - present value of salvage value:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $68,000.0000

time 10.00

rate 0.09

$\frac{68000}{(1 + 0.09)^{10} } = PV$

PV 28,723.93

980,000 - 28,724 = 951,276

<u>Now we calculate the PMT:</u>

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $951,276.00

time 10

rate 0.09

$951276 \div \frac{1-(1+0.09)^{-10} }{0.09} = C\\$

C $ 148,227.912

8 0

2 years ago

About COMM101

ValentinkaMS [17]

What would you say your style is mine is a mix of grunge,kinderwhore and a little bit of hippie fashion

5 0

3 years ago

Which of the following is not allowed by scrum refactoring velocity tracking relaease planning hardening sprints

Igoryamba

Answer:

(B) Hardening sprints

Explanation:

Hardening Sprints are not allowed because the subject of hardening should be continuously address throughout normal Sprints.

Or if the question has the following options:

Which of the following is not allowed in Scrum?

a. Using Story Points

b. Hardening Sprints

c. Release Planning

d. Using Planning Poker

Answer:

(B) Hardening sprints

Explanation:

Using Story Points, Release Planning, Using Planning Poker are not mandatory but allowed. Only hardening sprints are not allowed.

3 0

3 years ago