Answer is A
Explanation: Consumer surplus actually happens when a customer is willing and ready to pay for a particular product than its current market price. It is a measure of the additional benefits a consumer gets after paying for a product even though they are willing to pay more.
For example: Let's assume you want to get a IPhone 8 plus and you value it at $800 dollars, which you are ready to pay, but realise it is sold at $700. When you buy it at $700, the customer surplus is $100, that is a difference between how much you were willing to pay and the price you eventually got it.
Consumer Surplus changes as the equilibrium price of a good rises or falls. If the price of a good rises, the consumer surplus decreases but when the price of the good falls, the consumer surplus increases.
Transportation costs
can make exporting an inappropriate strategy.
<span>If a product is bulky or heavy, because
of its weight or mass the transportation costs will obviously increase and make it more expensive, and
unless the product carries an extraordinary high value-to-weight ratio the
exporting strategy will be considered the least effective.</span>
I believe it is commas but let me verify real quick
Answer:
Sales less variable production, variable selling, and variable administrative expenses.
Explanation:
On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.
Contribution margin =
sales revenue - total variable cost
the fixed cost are listed below the contriution,
once subtracted from the contribution, the rest is the net income.
Answer:
A.
Dr Vacation pay expenses $40,000
Cr Vacation pay payable $40,000
B.
Dr Pension expenses $222,750
Cr Cash $185,000
Cr Unfunded pension liability $37,750
Explanation:
Regling Company Journal entries
A.
Dr Vacation pay expenses $40,000
Cr Vacation pay payable $40,000
B.
Dr Pension expenses $222,750
Cr Cash $185,000
Cr Unfunded Pension liability $37,750
