Consumer surplus is the difference between the maximum
amount the consumer is willing to pay for the price of the good and the price
that was actually paid by the consumer or commonly known as the current market
price. The price that the consumer is willing to pay is determined by the
demand curve in the market.
Date Account title $Debit $Credit
Dec 31 Wages Expenses 4800
Wages Payable 4800
(to record accrued wages)
Jan 06 Wages Payable 4800
Cash 4800
(to record payment of wages in cash)
An accounting period, in bookkeeping, is the length with reference to which management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided via management. monthly accounting periods are common.
An accounting duration is the time frame for which a business prepares its financial statements and reports its financial performance and position to external stakeholders. this could be after three, six, or twelve months. The accounting period usually coincides with the business's fiscal year.
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Answer:
D) Mercantilism
Explanation:
Based on the information provided within the question it can be said that Salcia's approach to international trade is being influenced by Mercantilism. This term refers to a policy that was created in order to maximize exports of a nation while at the same time minimizing the imports. This is what Salcia is trying to accomplish by not importing anything that they can make at home.
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Answer:
less than $60 per share
Explanation:
A put option is the money when the exercise price is greater than the asset price, thus the put has to be less than $60
Answer:
Profit margin = 9.74%
Explanation:
We know,
Profit Margin = (Net income after tax/Net sales) x 100
Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.
Given,
Year 2,
Net Sales = $484,000
Net income after tax = $47,150
Therefore,
Profit Margin = 
Profit Margin = 9.74%
Hence, company is performing financially well.
