Answer:
prolly ben askren
Explanation:
cause he was an ameture wrestler before
Answer:
The amount of total assets at the end of the year is $15,600
Explanation:
The computation of the total assets is shown below:
= Borrowed amount + issued stock to owners + purchase of supplies - paid to supplies
= $5,000 + $10,000 + $1,000 - $400
= $15,600
We considered all the items which are given in the question. The payment made to supplies should be deducted as it reduced the balance of cash So, the remaining items would be added
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. A monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.
Answer:
- 5,000 watches : $150,000 loss
- 20,000 watches: $60,000 (Loss)
- Break-even point = 30,000 units
- if the selling price rises to 32 = break even points descends to 10,588 units
- If the selling price rises to $32 but variable costs rises to $26 , the break even point goes back to 30,000units.
Explanation:
Hi, to answer this question we have to apply the next formula:
Profit = Revenue -cost
Where the revenue is equal to the units sold (x) multiplied by the selling price,
R = 21 x
And cost is equal to the sum of the fixed and variable costs.
C = 15x + 1800
So:
P = 21x-(15x +180,000)
P = x ( 21-15)- 180,000
P = 5000(21-15)-180,000
P = 5000(6) -180,000
P= 30,000-180,000
P=-$150,000 (loss , since is negative )
P = 20,000(6) -180,000
P = 120,000-180,000
P=-$60,000 (Loss)
- To find the break even point:
R = C
21x = 15x + 180,000
21x-15x =180,000
6 x = 180,000
x = 180,000/6
x =30,000 units
- if the selling price rises to 32
32x = 15x + 180,000
32x-15x = 180,000
17x =180,000
x = 180,000/17
x = 10,588 units
It descends,
- If the selling price rises to $32 but variable costs rises to $26
32x = 26x+180,000
32x-26x = 180,000
6x = 180,000
x = 180,000/6
x =30,000
The break-even point comes back to 30,000 units.
Answer:
c. rent-seeking behavior
Explanation:
In economics, rent-seeking behavior can be described as a behavior or conduct that tries to increase the share of an economic agent or an entity from the existing wealth without adding or creating new wealth. This implies that the entity aims to obtain added wealth without creating a new one.
From the question, the aim of the lawyers is mainly to increase their own wealth in terms of legal fees they will collect from preparing wills, trusts, and other legal documents when they prepare them for people when a law restrict people from self-preparing it using their personal computers. In turn, the lawyers will only increase their share of wealth without adding any wealth.
Therefore, this is an example of rent-seeking behavior.
