Suppose the demand for peaches decreases. what will happen to producer surplus in the market for peaches?

Inventory items with a cost of $3090 were excluded from ending inventory. These goods were in transit from Flores company to Bar

Dovator [93]

Answer:

the journal entry to record this adjustment would be:

December 31, 202x, adjustment to merchandise inventory

Dr Accounts payable 3,090

Cr Merchandise inventory 3,090

When goods are purchased FOB destination, the title of the goods passes only after the goods have been delivered to the buyer. Also, freight costs should be paid by the seller. When goods are purchased FOB shipping point, the title of the goods passes after the goods leave the seller's dock, they are considered property of the buyer even if they haven't arrived yet. Freight costs are generally paid by the buyer.

3 0

3 years ago

Compared to a command and control government approach to reducing pollution, a market-based system of tradable pollution allow

Alex17521 [72]

a. more efficient because polluters that can only reduce pollution at high cost do not and instead buy allowances.

6 0

3 years ago

Mike is looking for a loan. He is willing to pay no more than an effective rate of 8. 000% annually. Which, if any, of the follo

Alexeev081 [22]

The Loan condition of Loan X and Loan Y will meet the effective rate of 8.00% criteria of Mike.

Computation:

Given,

Effective interest rate =8% $(i_{c})$

Nominal interest rates: $(r)$

Loan X =7.815%, compounded semiannually $(m=2)$

Loan Y: 7. 724% nominal rate, compounded monthly $(m=12)$

Loan Z: 7. 698% nominal rate, compounded weekly $(m=52)$

The formula of the effective interest rate will be used:

$i_{c}=(1+(\frac{r}{m})^{m}-1)$

For Loan X:

$i_{c}=(1+(\frac{r}{m})^{m}-1)$

$i_{c}=(1+(\frac{0.07815}{2})^{2}-1)$

$i_{c}=0.07958 \:0r\: 7.968\%$

As the effective interest rate of Loan X is lower than the actual effective interest rate. Therefore, loan X meets the criteria of Mike.

For Loan Y:

$i_{c}=(1+(\frac{r}{m})^{m}-1)$

$i_{c}=(1+(\frac{0.07724}{12})^{12}-1)$

$i_{c}=0.08003 \:0r\: 8.003\%$

As the effective interest rate of Loan Y is greater than the actual effective interest rate. Therefore, loan Y will not meet the criteria of Mike.

For Loan Z:

$i_{c}=(1+(\frac{r}{m})^{m}-1)$

$i_{c}=(1+(\frac{0.07698}{52})^{52}-1)$

$i_{c}=0.07996 \:0r\: 7.996\%$

As the effective interest rate of Loan Z is lower than the actual effective interest rate. Therefore, loan Z meets the criteria of Mike.

Therefore, in reference to the computation of the effective interest rate of individual loans. The correct option is b. X and Z.

To know more about the effective interest rates, refer to the link:

brainly.com/question/2602223

5 0

3 years ago

In a competitive market, all of the choices along the production possibility frontier display ______________ efficiency, while t

tester [92]

1st blank Productive

2nd blank Allocative

6 0

4 years ago

Read 2 more answers

Brees Inc., a company that produces and sells a single product, has provided its contribution format income statement for April.

ch4aika [34]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Sales (6,200 units) $136,400

Variable expenses 80,600

<u>The total contribution margin is the difference between the sales revenue and the total variable costs. First, we need to determine the unitary selling price and unitary variable costs:</u>

Selling price= 136,400/6,200= $22

Unitary variable cost= 80,600/6,200= $13

Now, we can calculate the total contribution margin at 5,800 units:

Total contribution margin= 5,800*22 - 5,800*13= $52,200

6 0

4 years ago