Answer:
-$55
Explanation:
The computation of the marginal revenue is shown below:
As we know that
Total revenue = Price × Quantity
For 400 units, the total revenue is
= 400 × $50
= $20,000
And for 420, the total revenue is
= 420 × $45
= $18,900
Now the marginal revenue is
= ($18,900 - $20,000) ÷ (420 units - 400 units)
= -$55
Answer:
$510
Explanation:
Calculation for By how much do excess reserves change
Using this formula
Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)
Let plug in the formula
Change in excess reserve=$600-($600*15%)
Change in excess reserve=$600-$90
Change in excess reserve=$510
Therefore By how much do excess reserves change is $510
Bad Debt Expense is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate.
- When a receivable is no longer recoverable as a result of a customer's inability to pay an outstanding debt owing to bankruptcy or other financial issues, a bad debt expense is recorded.
- Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.
- When a customer's repayment of previously granted credit is thought to be uncollectible and is therefore recorded as a charge off, a business incurs a bad debt expense.
- Bad debt charges are categorized as operating costs and are typically listed under selling, general, and administrative costs on your company's income statement.
Thus this is the answer.
To learn more about Bad debt expense, refer:brainly.com/question/24871617
#SPJ4
Answer:
Value added to the gallery will be $3000
So option (C) will be correct answer
Explanation:
We have given that Caroline sells her original painting for $1500 to an art gallery.
And after that her painting was sold to an art lover at cost of $4500
We have to find the value added to the gallery
Value added to the gallery will be equal to difference of price sold to the art lover and cost at which painting is sold to art gallery
So value added to gallery = $4500 - $1500 = $3000
So option (C) will be correct answer
Answer:
The correct answer is option A.
Explanation:
An increase in supply decreases the equilibrium price as the supply curve shifts rightward and intersects the demand curve at a lower point. This decline in the equilibrium price causes the quantity demanded to increase. The demand for the product remains the same.
The statement given in the question is false. A change in demand is caused by a change in other factors while the price of the product remains the same. The change in price affects the quantity demanded.
