With the price increase in tutoring from $5 to $15, producer surplus increases by <u>$10</u>.
<h3>What is producer surplus?</h3>
Producer surplus is the additional benefit that the tutors receive. It can be computed by determining the difference between old tutoring price, $5, and the new market price of $15. The implication is that while tutors are willing to accept $5, the new marketing price has made it possible for them to increase their surplus by $10 ($15 - $5).
Thus, the producer surplus increases by $10 to show the increased benefit that suppliers receive for selling their services in the marketplace.
Learn more about producer surplus at brainly.com/question/7622454
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
Before preparing we have to calculate the bank error which is shown below:
= $384 - $348
= $36
The preparation of the bank reconciliation statement on July 31 is presented in the spreadsheet. Kindly find the attachment below:
If a bond's purchase price is equal to its par value, its coupon rate equals its yield to maturity. A bond's par value is its face value, or the stated value of the bond at the time of issuance, as determined by the issuing entity.
It is the same as the coupon rate and is the amount of income you receive on a bond expressed as a percentage of your initial investment. If you buy a $1,000 bond and receive $45 in annual interest payments, your coupon yield is 4.5 percent. When the interest rate on a loan rises (when interest rates rise).
To learn more about coupon rate, click here.
brainly.com/question/16913107
#SPJ4
