Answer and Explanation:
a. The equilibrium quantity for the given two tables is
As if the equilibrium price is $8 so the six consumers i.e bob, barly,bill,bart, brent, betty) are paying more than the equilibrium price and on the other hand six producers (carlos, courtney, chunk, cindy, craig, chad) are accepted the price as the equilibrium price is more than the accepted price
Hence, the equilibrium quantity is 6
b. Now if all the buyers are free to ride so the quantity supplied by private sellers is 0 as the minimum accepted price is more than the willingness price as producers is not able to produced
c. At imposing $2 per bag tax on sellers, the new equilibrium price is $9 as the price rise to $9
Answer:
Supplies Expenditure $600,000
Supplies Inventory $200,000
Explanation:
Calculation for the appropriate account balances related to supplies expenditures and supplies inventory :
Supplies Expenditure will be $600,000 because during the year purchased of $600,000 supplies were made.
Therefore Supplies Expenditure will be $600,000
Supplies Inventory will be:
Purchased supplies $600,000
Less used supplies $400,000
Balance =$200,000
Therefore Supplies Inventory will be $200,000
Answer:
Explanation:
final loan amount = $18,455.86
so correct option is c. $18,455.86
Explanation:
given data
loan = $18000
rate = 10%
time = 3 months
to find out
total amount that Rahul owes the bank at the end of the loan
solution
we know that number of day in 3 months is
number of day = 3 ×
number of day = 91.25 days
loan rate =
loan load = 0.00027397
now final loan amount will be
final loan amount = loan amount ×
final loan amount = $18000 ×
final loan amount = $18,455.86
so correct option is c. $18,455.86
Answer:
Cash Receipt Budget
Cash receipt budget shows the sales of cash and credit. It also shows the frequency of the payment of credit sales by the customer.
5% of noncollectable will not be recorded in the cash receipt. Calculate GS's scheduled cash receipts for the month of September as shown below:
GS Cash receipt Budget For September month
Sales = $170,000
Cash sales (0.4 × $170,000) = 68,000
Collections of prior month's Receivables ($150,000 x 0.55) = 82,500
Total cash receipts = $150,500
Working Notes
Cash sales are 40 percent of total sales.
55 percent of previous month receivables are received in the current month. As such, receivables pertaining to August is received in September.
Therefore, GS's budgeted cash receipts for the month of September is computed as $150,500
The settlement option that provides for ongoing payments for
a period of time is called annuity. The annuity is a type of insurance contract
in which they provide an individual an annual income for a long period of time
such as an example of this is a pension.
