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belka [17]
3 years ago
15

If a buyer's willingness to pay for a new Honda is $30,000 and she is able to actually buy it for $28,000, her consumer surplus

is
Business
1 answer:
dalvyx [7]3 years ago
8 0

Answer:

$2,000

Explanation:

Calculation to determine the consumer surplus

Consumer surplus=$30,000-$28,000

Consumer surplus=$2,000

Therefore consumer surplus is $2,000

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Crime-related and demographic statistics for 47 US states were collected from government agencies, including the FBI's Uniform C
Korolek [52]

Answer:

The potential problem with samples that could explain this connection is:

Causality.

Explanation:

There are different problems with samples and sampling, including sampling bias, sample size, and explaining causality between two variables.  Sometimes, small sample sizes can be used to draw conclusions, but the larger the sample size, the better. Likewise, the elimination of sampling bias increases the accuracy of research conclusions.  Most importantly, while a relationship or correlation may exist between two variables, it does not necessarily imply or explain that one variable causes the other.

7 0
3 years ago
Pisa, Inc. leased equipment from Williamsburg Company under a four-year lease requiring equal annual payments of $68,830, with t
adoni [48]

Answer:

$54,639

Explanation:

the approximate amount of principal reduction when the second lease payment is made in Year 2 can be calculated by making the Lease amortization table as follows

DATA

Annual payments = 68,830

Implicit rate = 8%

Annuty factor for 4 years at 8% = 3.55710

Present value of lease payment =$246,212 (68830*3.57710 )

                                                      Year 1                Year 2

Opening balance                             -                      $177,382(w)

interest                                              -                      $14,191(w)

payments                                      $68,830             $68,830

principal payments                     $68,830              $54,639

closing balance                          $177,382(w)         $122,743

Working

Closing balance = Present value of lease payment - Annual payment

Closing balance = $256,212 - $68,830

Closing balance = $177,382

Interest = closing balance x implicit rate

Interest =  $177,382 x 8%

Interest = $14,190.56

7 0
3 years ago
Why might currencies issued by the many state banks have caused confusion before the Civil War?
saveliy_v [14]
During pre-Civil War times in the United States, banks around the country issued bank notes as a form of currency. The large number of banks led to a large number of diverse bank notes that circulated around the country. Although many banks issued only enough bank notes that could be backed up by specie (gold and silver during the time), riskier banks gave into temptation and issued more than they could cover. This practice caused many people to doubt the exact worth of certain notes and in turn have little faith in some banks.
3 0
3 years ago
A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the c
olga2289 [7]

Answer:

d. debit Accounts Receivable; credit Cash

Explanation:

The cash has been credited with $695 instead of $965 which means that $270 has been credited short. Same way, the liabilities have been debited by $270 short. So, we will have to reverse the entry ie. debit Accounts Receivable; credit Cash

8 0
3 years ago
Since the 2008 global financial crisis, the B/L ("bill of lading") of container shipments from Asian factories to the United Sta
Naddika [18.5K]

Answer:

BOL can be viewed as the authoritative record that is being given to a shipment organization by the transporter that incorporates the different insights regarding the item. The fundamental purpose behind the BOL to be gathered at the entryway ports is that these BOL are gotten at the port first as this is where the items are gotten in the nation and from that point these items are sent to inland RDCs. The items need to pay the traditions obligations and pass the various customs.

8 0
4 years ago
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