Answer:
Demand is high and if the manufacturing prices increase
Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.
Explanation:
The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.
For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.
Answer:
the paid-in capital from treasury stock transactions would be reduced by $20000
Explanation:
Treasury stock is the stock that is bought by the stakeholders of the issuing company.The treasury stock does not receive dividends. Paid in capital are money being paid by investors in exchange for shares.
If the company resells Treasury Stock that originally cost $60,000 for $40,000.
The paid-in capital from treasury stock transactions to be reduced = $60,000 - $40,000 = $20000
Answer:
<h3>Blue Spruce Corp.</h3>
The total credits on the company's trial balance at June 30, 2022 are:
Accumulated depreciation-equipment $66
Accounts payable 910
Unearned rent revenue 136
Common stock 246
Retained earnings 6800
Service revenue 382
Interest revenue 76
Totals $8,616
Explanation:
a) Data and Calculations:
Blue Spruce Corp.
Trial Balance as at June 30, 2022:
Accounts Title Debit Credit
Cash $1832
Accounts receivable 2858
Inventory 3904
Prepaid rent 96
Equipment 390
Accumulated depreciation-equipment $66
Accounts payable 910
Unearned rent revenue 136
Common stock 246
Retained earnings 6800
Service revenue 382
Interest revenue 76
Salaries and wages expense 170
Insurance expense 98
Totals $9,348 $8,616
b) The totals show that the trial balance is not in balance. This may be as a result of errors of omissions, commissions, transposition, etc.
Answer:
7,000 pounds
Explanation:
Data provided in the question:
Shrimps Bubba catches per year = 4,000 pounds
Shrimps that Bobby can catch per year = 3,000 pounds
Therefore,
The marginal contribution of Bobby in the output if Bobby is hired is 3,000 pounds of shrimp
Hence,
The total output of his shrimp business is Bubba hires Bobby will be
= Output of Bubba per year + Output of Bobby per year
= 4,000 pounds + 3,000 pounds
= 7,000 pounds
