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3 years ago

Find average utility, if total utility of 7 commodities is70

Business

1 answer:

GenaCL600 [577]3 years ago

8 0

Answer:

Explanation:

The average utility is the total utility derived from the consumption of goods and services divided by the total number of items consumed.

i.e,. total utility/items consumed

In this case, the total utility is 70, and the number of items consumed is 7.

Average utility = 70/7

=10

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Jackson Company engaged in the following investment transactions during the current year.

astraxan [27]

Answer:

Feb. 17

Dr Investment in Medical 10,100

Cr Cash 10,100

Apr. 1

Dr Investment in Olde 300,000

Cr Cash300,000

Jun. 25

Dr Cash 600

Cr Investment revenue 600

Jun. 30

Dr Investment in Olde 6,000

Cr Investment revenue 6,000

Oct. 1

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Cr Cash 30,400

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Dr Investment in Medical 2,400

Cr Unrealized holding gain on investments 2,400

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Dr Unrealized holding loss on investments6,400

Cr Investment in Alpha 6,400

Explanation:

Jackson Company Journal entries

Feb. 17

Dr Investment in Medical 10,100

[$500 x $20) + $100]

Cr Cash 10,100

Apr. 1

Dr Investment in Olde 300,000

Cr Cash300,000

Jun. 25

Dr Cash 600

(500 x $1.20)

Cr Investment revenue 600

Jun. 30

Dr Investment in Olde 6,000

($20,000 x 30%)

Cr Investment revenue 6,000

Oct. 1

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Cr Cash30,400

Dec. 31

Dr Investment in Medical 2,400

[500 x $25) - $10,100]

Cr Unrealized holding gain on investments 2,400

Dec. 31

Dr Unrealized holding loss on investments 6,400

Cr Investment in Alpha 6,400

[(2,000 x $12) - $30,400]

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3 years ago

Rahm's credit card issuer calculates interest based on the outstanding

Llana [10]

Answer:

Adjusted balance method.

Explanation:

Adjusted balance method is defined a method of calculating financial interest based on the outstanding balance at the end of the last billing period after the payments after all necessary adjustment to the account has been made.

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The ability of one person or nation to produce more of a good while using the same quantity of resources as another is called a(

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The ability of one person or nation to produce more of a good while using the same quantity of resources as another is called an absolute advantage.

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Learn more about absolute advantage here

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Is ben afflecks wife the jennifer garner who does the capital one commercials?

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4 years ago

Find average utility, if total utility of 7 commodities is70​

Find average utility, if total utility of 7 commodities is70