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Mice21 [21]
3 years ago
11

Producer surplus is

Business
1 answer:
Kisachek [45]3 years ago
4 0

Answer:

The amount a seller is paid minus the cost of production.

Explanation:

Producer surplus refers to the difference between the producer's willingness to accept the price for the product and the price they actually received for the product.

It is calculated as follows:

Producers surplus = Amount a seller received - Cost of production

Or

Producers surplus = Actual amount received - Willingness to accept a price

It is a measure of producers welfare.

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At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the
Colt1911 [192]

Answer:

The answer is: Credit record to Accounts Receivable account

Explanation:

The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.

6 0
3 years ago
Using the percentageofsales ​method, the estimated total uncollectible accounts are . The Allowance for Uncollectible Accounts p
posledela

Answer:

the main part of ur question hasbeen left out so no one could help but i got a answer anyways

Explanation:

it's b

$7,322 + $2,635

= $9,957

8 0
3 years ago
Demand for a good will MOST likely decrease when
choli [55]
Answer:

A. There are many substitutes for it.
8 0
3 years ago
Read 2 more answers
Wildhorse Co. entered into these transactions during May 2017, its first month of operations.
Alina [70]

Answer:

attached answer

Explanation:

equity represnet investment from owners and the accumulation of the result from the company operations.

1) equity increase the company receive an investment from owner

3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm

4-5-9) the company's equity increase as income is generated from the main activity.

2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease

We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.

3 0
3 years ago
A wrapping paper company produced 20,000 rolls of paper one day. Standard price is $2 per roll. Labor cost was $240, material co
Vinvika [58]

Based on the various costs of producing the rolls of paper, the multifactor productivity is c. 58.394.

<h3>What is the Multifactor Productivity?</h3>

This can be found by the formula:
= Cost of standard production / (Labor + Material + Overhead costs)

Solving gives:

= (20,000 x 2 per roll) / ( 240 + 25 + 420)

= 58.894 rolls

In conclusion, option C is correct.

Find out more on multifactor productivity at brainly.com/question/17550779.

7 0
2 years ago
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