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stellarik [79]
3 years ago
7

Price Quantity Demanded Quantity Supplied $4 10 000 Tickets 8 000 Tickets $8 8 000 Tickets 8 000 Tickets $12 6 000 Tickets 8 000

Tickets $16 4 000 Tickets 8 000 Tickets $20 2 000 Tickets 8 000 Tickets a) Draw the demand and supply curves. What is unusual about this supply curve? What might this be true? b) What are the equilibrium price and quantity of tickets?​
Business
1 answer:
Inga [223]3 years ago
7 0

Answer:

a) Draw the demand and supply curves. I have attached the supply and demand curves below

What is unusual about this supply curve? What might this be true? What is inusual is that the supply curve is vertical, which means that the supply for this market is perfectly inelastic. A perfectly inelastic supply occurs when supply does not respond to price, it stays at the same quantity regardless of price level and price changes.

b) What are the equilibrium price and quantity of tickets?​

The equilibrium price is $8 and the equilibrium quantity is 8 000 tickets. The reason is that at the price of $8 both the quantity supplied and demanded is equal to 8 000 tickets.

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Smith buys and sells equity securities. On December 15, 2021, Smith purchased $542,000 of Jones shares and elected the fair valu
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Answer:

$46,000

Explanation:

We can find out the the revaluation gain that need to be reported at the year end by just deducting the the cost of the investment by its current fair value .

DATA

Fair value = 588,000

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Revaluation gain = Current fair value - Cost

Revaluation gain = 588,000 - 542,000

Revaluation gain = $46,000

The revaluation gain of $46,000 will be reported in other compreensive income of smith's financial statements.

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3 years ago
To prepare common-size financial statements, each line item needs to be calculated to a common-size percent. The formula for com
Helen [10]

In accounting, the formula for common-size percent is (Amount / Base amount) * 100.

<h3>What is a common size income statement?</h3>

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In this analysis, the percentage of the base is the ratio of the line item versus the total amount.

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5 0
3 years ago
Franklin has $2,500 in a savings account that pays interest at the rate of 4% annually. how much interest will he earn after one
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The risk-free rate of return is 2,2 percent, the expected market return is 11 percent, and the beta for solstice, inc. is 1.12.
hichkok12 [17]

A unique approach known as the capital asset pricing model or CAPM is employed in finance to determine the correlation between the risk of investing in a particular share and expected dividends. The expected returns for security are calculated using the CAPM model.

<h3>CAPM model</h3>

Required rate of return = Risk-free return + Beta (Market return - Risk-free return)

Required rate of return = 2.2% + 1.12 (11% - 2.2%)

Required rate of return = 12.05%

Hence, the correct option is D (12.05%).

The risk-free rate is the rate of return offered by an investment that carries zero risk. Every investment asset carries some level of risk, however small, so the risk-free rate is.

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2 years ago
Which of the following should be accounted for in an enterprise fund?
gogolik [260]

Answer:

C) . Equipment used for supplying electric power to residents 1,250,000

Explanation:

6 0
3 years ago
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