Short term goals are more immediate than long term goals
Answer and Explanation:
The preparation of the income statement is presented below:
Revenues
Fees earned $520,400
Total revenues $520,400
Less expenses:
Depreciation Expense $9,800
Insurance Expense $1,860
Miscellaneous Expense $3,920
Rent Expense $74,500
Salaries Expense $261,700
Supplies Expense $3,330
Utilities Expense $28,400
Total expenses $383,510
Net income $136,890
Answer:
a. Equilibrium quantity: 40 units; Equilibrium price: $40.
b. Quantity demanded: 10 units; Quantity supplied: 30 units; Surplus: 20 units.
c. Quantity demanded: 9 units; Quantity supplied: 31 units; Shortage: 22 units.
Explanation:
a. The equilibrium quantity occurs when the demanded and supplied quantity are the same, the price for which this situation happens is:

At an equilibrium price of $40, the equilibrium quantity is:

b. At a price of $50, the quantity demanded, the quantity supplied, and the magnitude of the surplus are, respectively:

c. At a price of $29, the quantity demanded, the quantity supplied, and the magnitude of the shortage are, respectively:

the two types of merchant wholesalers are: full-service wholesalers, which provide a full set of services, and limited service wholesalers, which offer fewer services to their suppliers and customers.
Both A and B so answer C.