From the given statement above, the correct answer would be TRUE. If someone is unable to file by the tax deadline, that person can file an extension, but any taxes due must still be paid by the deadline to avoid penalties. This is true in the United States.
The equilibrium price and quantity for llama sculptures would fall as a result of the price decrease of the porcelain sloths. Being that they are substitute goods, a fall in price of the sloths would lead to a decrease in the demand for the llama sculptures.
An equilibrium price, additionally known as a market-clearing charge, is the consumer price assigned to some product or service such that deliver and call for are equal, or close to identical. The manufacturer or vendor can promote all the devices they want to transport and the consumer can get right of entry to all the units they need to shop for.
What's equilibrium price and demand?
The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.
What's particular approximately an equilibrium price?
An equilibrium price is particular due to the fact it's far the only charge at which amount demanded and quantity furnished are same. it's miles the price that corresponds with the intersection of the supply and call for curves.
What's the maximum essential characteristic of the equilibrium price?
The most critical function of the equilibrium price is that it: clears the market, leaving neither a surplus nor a scarcity.
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Answer:
D, neither excludable nor rival in consumption, a tornado siren is a public good.
Explanation:
A tornado siren is a siren that is used to give emergency warnings to a large population of an impending danger or danger that has passed.
A tornado siren otherwise known as the civil defense siren is of public good and as such is not a rival neither can it be excluded from consumption.
Cheers
The cost of the bond at costing is $984.50.
<h3>
What is a bond?</h3>
- A bond is a type of financial security in which the issuer (the debtor) owes the holder (the creditor) a debt and is obligated to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified period of time, depending on the terms.
- Interest is usually paid at regular intervals (semiannual, annual, and less often at other periods).
- As a result, a bond is a type of loan or IOU.
- Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, current expenditures.
To determine the cost of the bond at costing:
- $1,000 is the face value.
- Multiply this by the closing rate to find the cost of the bond at closing.
- $1,000 × .9845 = $984.50
Therefore, the cost of the bond at costing is $984.50.
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Answer:
ending inventory before adjustment: 12,875
Explanation:
The ending inventory before adjustment will be at cost.
The company at year-end will adjust for the difference the cost and the lower-or-cost rule:
COST NRV
Shirts 30 units $ 55 $ 65
MegaDriver 10 units $ 310 $ 225
MegaDriver II 25 units $ 325 $ 370
<em><u>Inventory before adjustment:</u></em>
30 *25 + 10 * 310 + 25*325 =
1650 + 3100 + 8125 = 12,875
