Answer:
Economic profit = $40
Explanation:
given data
producing = 20 units
selling = $10 per unit
total fixed costs = $100
average variable cost = $3
output = 20 units
to find out
economic profit of this corporation
solution
we get here revenue that is express as
revenue = 20 units × $10
revenue = $200
and
now we get variable cost is here as
variable cost = 20 units × $3
variable cost = $60
and
now we get here total cost that is express as
total cost = Fixed cost + Variable cost .............1
total cost = $100 + $60
total cost = $160
so now Economic profit will be
Economic profit = Revenue - Total cost ......................2
Economic profit = $200 - $160
Economic profit = $40
Answer:
credit to Paid-In Capital from Treasury Stock for $30,000.
Explanation:
The Journal entry is shown below:-
Cash Dr, $100,000
(5,000 × $20)
To Treasury stock $70,000
(5000 × $14)
To Additional paid in capital $30,000
(5000 × $6)
Therefore we debited the cash as liability is increasing and we credited the treasury stock and additional paid in capital as it also increasing the liability.
Production possibilities curve shifted outward
The answer to this question is Convertible Term Insurance.
Convertible Term Insurance is a type of insurance where in the policy holder
can change a term policy for a whole policy without doing the medical
examination that is required to new application of plans. Term insurances is an
insurance that has a limited coverage period but it can be renewed and can be
convertible to permanent life insurance when the plan is already matured.
Answer:
Supplier sells the goods at various prices, depending on how much consumers want it, and at the rate that the goods are being sold.
For example, now, during the pandemic, face masks are now in very very high demand. Due to this, suppliers has now increased the price of the face masks, as to take advantage of the current situation
