Answer:
$411,000
Explanation:
Cost of goods sold was $380,000
Inventory was increased by $12,000
Accounts Payable was decreased by $19,000
The relationship via direct method of cash flow can be established as:
COGS + Increase in Inventory + Decrease in A/P
$380,000 + $12,000 + $19,000 = $411,000
Answer and Explanation:
a. The equilibrium quantity for the given two tables is
As if the equilibrium price is $8 so the six consumers i.e bob, barly,bill,bart, brent, betty) are paying more than the equilibrium price and on the other hand six producers (carlos, courtney, chunk, cindy, craig, chad) are accepted the price as the equilibrium price is more than the accepted price
Hence, the equilibrium quantity is 6
b. Now if all the buyers are free to ride so the quantity supplied by private sellers is 0 as the minimum accepted price is more than the willingness price as producers is not able to produced
c. At imposing $2 per bag tax on sellers, the new equilibrium price is $9 as the price rise to $9
Answer:
In equilibrium the maximum price set for a broken laptop to be sold is $600
Explanation:
According to the given data we have the following:
It is given that 40% laptops are in good condition. This implies that 60% are in bad condition.
In ordert to calculate the maximum price set for a broken laptop to be sold we would have to calculate the expected price that the buyers will be willing to pay for a laptop as follows:
Expected price=0.60($2000)+0.40($600)
Expected price=$1,200+$240
Expected price=$1,440
As the owners of good laptops are willing to sell their laptops for $1,800, whis is more that $1,440, they will not sell their products.
This implies that only bad laptops are sold in the market. The willingless to pay for the bad laptops is $600
Therefore, In equilibrium the maximum price set for a broken laptop to be sold is $600
Answer:
Unearned Revenue Balance $10530
Service revenue Balance $11370
Explanation:
given data
time = 6 month
Completed services paid = $1,070
Service Revenue unadjusted = $10,300
Unearned Revenue balance = $11,600
solution
Unearned Revenue
31-Dec $11,600
31-Dec $1070
Balance $11,600 - $1070
Balance $10530
and
Service revenue
31-Dec $10,300
31-Dec $1070
balance $10,300 + $1070
Balance $11370
Answer:
B. it cannot adjust the quantity of fixed inputs
Explanation:
The short run is the conceptual time period where at least one factor of production is fixed in amount while other factors are variable in amount.
Fixed costs have no impact on a firm's short run decisions
