Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for C
hristmas and everyone else Christmas cards. Hugo is willing to spend $200 on the 10 scarves. When he arrives at Macy’s at 5:00 A.M. on Black Friday, he discovers that scarves are on sale for $12 each. Hugo buys 10 scarves and uses the remaining $80 to buy himself a some clothes. How much consumer surplus did Hugo receive from the tenth scarf he purchased?
Consumer surplus can be defined as the difference between what a consumer is willing to pay for a particular product and the amount he actually paid. The amount he actually paid is usually less than what he is willing to pay.
Consumer surplus= willing price - actual price
Hugo is willing to pay $200 for 10 scarfs
That is $200/10
=$20/scarf
Actual price paid is $12/scarf
That is, $12×10
=$120
Consumer surplus per scarf=$20-$12
=$8
This is to say that Hugo has a surplus of $8 per scarf
Government Budget is considered as the prevalent piece of its organization which oversees the income and the use of the US country. The Budget has the goal of guaranteeing the ideal assignment for the open government assistance decisions in the territory of Health, Education, Infrastructure, Defense and Corporate undertakings, and so forth. Despite the fact that US country dispenses gigantic assets so as to spend on social government assistance objectives, it faces the basic circumstance of spending shortage with the significant drop in the GDP in the hour of downturn period.
The impact on the Long-run capital stock per specialist will be decreased to the impressive impact. The impact will be over the long haul with the activity of overcoming any issues between the work openings and the pace of the amount of the creation units. As it was referenced before that the steady status of Private Savings is reflected in the activity of US national government by disbanding the shortage spending plan. This will turn showed the away from of amount of creation of merchandise and enterprises expanded by giving more motivations and making increasingly corporate based foundation offices to the business people. So it gave ideal work offers to the talented representatives. So we can express the impacts of the since quite a while ago run capital stock per specialist.
This likewise offers the response for the impact on since quite a while ago run yield per laborers. Greater amount of products and ventures are created by adjusting with the administration spending on country building exercises together with spending for the corporate addition exercises. Corporate Profits are guaranteed here just when the legislature gives sponsorships to the new business people when they produce the merchandise by taking care of the peripheral expense and furthermore expanding the yield relating to the each laborer utilized to create each unit of creation of products and ventures. So it likewise produce over the long haul time frame.
<em>(To record the accumulated depreciation for 3 years)</em>
Explanation:
Using a Straight-line depreciation method, depreciation expense = (Cost - Salvage value)/Estimated useful life
Depreciation expense = $2,090,000 / 11 years = $190,000 yearly
We would assume that the internal auditors detected the error at the beginning of Year 2022, so the accumulated depreciation for 3 years (Jan 2019 - Dec 2021) would be $190,000 x 3 years = $570,000
The following correctional entries will apply:
Debit Fixed asset - Machine $2,090,000
Credit Expense account $2,090,000
<em>(To appropriately record the purchase of machine)</em>
The required adjustment fot the accumulated depreciation is recorded above under the answer section.
Based on the ages of those <em>showing interest</em>, these buyers were likely from the generational cohort of:
Gen Y
<h3>What is an Age Group?</h3>
This refers to the group of people who are of similar age ranges which were born during a particular period and today we can say some are Millennials, Gen Z, etc.
With this in mind, we can see that based on the eBay listing, there was the listed sale for an item and because the interested buyers were from an age group which was made up of teenagers, we can state that they were the Gen Y.
