Answer:
d. a deduction from sales in the income statement.
Explanation:
Sales discount: The discount which is given at the time of sale.
The treatment of sales discount is shown below:
Net sales = Sales revenue - sales discount - sales return and allowances
The sales discount is always deducted from the sales revenue to get the net sales amount , and this treatment is shown on the credit side of the income statement. As the income is received so sales account should be credited.
Hence, all other options are incorrect except d. option
Answer: Total Economic Surplus
Explanation:
Diagram is shown in the attached document.
It’s heat exposure
Wlsksnsnsnsiak
I hope this helps let me know if you have any questions:)
Answer:
C. $40,000
Explanation:
For computing the amount of the gain recognized, first we have to calculate the gain recognized based on the adjusted basis
= Cash received + fair market value of the stock - adjusted cash basis
= $40,000 + $60,000 - $35,000
= $100,000 -$35,000
= $65,000
But the cash is received for $40,000. So, only $40,000 of gain would be recognized. As in the case of transfer, if the amount is received other than the stock so the amount which is received is recognized as a gain i.e $40,000
Answer:
Explanation:
The supply function of pork Q = 178 + 40p - 60p_h
When the price of hog is 1.50:
Q = 178 + 40p - 60(1.50)
= 178 +40p -90 = 88+40p
When the price of hog increases to 1.90:
Q = 178 + 40p - 60(1.90)
= 178 +40p - 114 = 64+40p