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Zolol [24]
3 years ago
8

(Economics)How is the equilibrium price found using a supply and demand graph

Business
1 answer:
ohaa [14]3 years ago
7 0

On a graph, the point where the supply curve (S) and the demand curve (D) intersect is the equilibrium. ... At any other price, the quantity demanded does not equal the quantity supplied, so the market is not in equilibrium at that price.

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Profits from a sole proprietorship are reported as taxable income and Question 5 options: can be reported as a deduction. are su
Nadya [2.5K]

Answer:

(B) are subject to a self-employment tax of approximately 15%.

Explanation:

8 0
3 years ago
Assume that Crane Company uses a periodic inventory system and has these account balances: Purchases $630,000; Purchase Returns
Veseljchak [2.6K]

Answer:

Cost of goods sold =$61,5300

Gross Profit = $144,700

Explanation:

Given the information:

  • Purchase : $630,000
  • Purchase Returns and Allowances $25,700
  • Prchases Discounts $10,900
  • Freight-In $18,300
  • beginning inventory of $45,000
  • ending inventory of $64,600
  • net sales of $760,000

As we the, the fomular for total Goods Available for Sale

=   Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts

= $45,000 +  $630,000 + $18,300 - $25,700 - $10,900

= $67,9900

=> Cost of goods sold =  Total Goods Available for Sale - ending inventory

= $67,9900 - $64,600

= $61,5300

=> Gross Profit = Net sales - Cost of goods sold

= $760,000 - $61,5300

= $144,700

Hope it will find you well.

7 0
3 years ago
Read 2 more answers
The financial statements of a company are the primary sources of information that enable us to communicate the financial results
maks197457 [2]

Answer: both internally and externally

                     

Explanation: In simple words, financial statements refers to the group of reports and statements that are prepared by an organisation for communication its financial performance and postilion to its internal and external stakeholders.

It constitutes balance sheet, cash flow statement and income statement etc.

4 0
3 years ago
What can the fair test help you avoid?
marishachu [46]

Fair test can help you avoid wrong answers as they are used in finding right answers in research.

<h3>What is fair test?</h3>

Fair test is used to investigate in research, the researcher keeps some variable as constant while other are changed and not constant to get effective answers. Fair test can be used to generate accurate answers in research.

Therefore, fair test can help you avoid wrong answers as they are used in finding right answers in research.

Learn more on fair test below,

brainly.com/question/6791607

#SPJ11

5 0
1 year ago
Read 2 more answers
Flint Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2018 at a
Salsk061 [2.6K]

Answer:

JOURNAL ENTRY :

Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.

Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.

Explanation:

Given the following :

Agreed purchase price of raw materials in 2018 = $990,700

Market value of raw material at 31, December 2018 = $942,000

JOURNAL ENTRY :

Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.

Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.

7 0
3 years ago
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