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3 years ago

What is profit or loss revaluation?

2 answers:

4 0

Revaluation is used to adjust the book value of a fixed asset to its current market value. ... If a revaluation results in a decrease in the carrying amount of a fixed asset, recognize the decrease in profit or loss

Gelneren [198K]3 years ago

3 0

Answer:

Revaluation

Used to adjust the book value of a fixed asset to its current market value. If a revaluation results in a decrease in the carrying amount of a fixed asset, recognize the decrease in profit or loss.

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Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither

Readme [11.4K]

Answer:

neither

producer surplus

consumer surplus

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

The first scenario is neither a producer or consumer surplus because a transaction did not take place

The second scenario is a producer surplus.

the producer surplus = 60 - 55 = 5

The third scenario is a consumer surplus

consumer surplus = $114 - $107 = $7

6 0

3 years ago

What are consumer goods and how do they allow a country to become a mdc?

Reika [66]

Consumer goods are those goods that are purchased and used by consumers. Consumer goods are not used by manufacturers to produce other goods. In essence, consumer goods are ready for use since they have been taken through the production and manufacturing. For a country to have consumer goods it must trade with other countries either to acquire raw materials or trade in consumer goods. This trade process contributes greatly towards the development of LDC economies into MDC status.

6 0

3 years ago

When presenting a persuasive speech, one speech goal is to ask the audience members to perform a certain action, also know as pe

photoshop1234 [79]

Answer:

behavior.

Explanation:

A persuasive speech is one in which the speaker addressing the audience or giving speech to the audience tries to impress or persuade the audience by his speech and convince the listeners through his presentation and speeches.

It is a process of changing people belief, action or reinforcing them. While giving a persuasive speech, one main goal of the speaker is to ask the audience to perform a certain action. It is also known as performing a specific behavior.

8 0

3 years ago

List three resources used in agriculture

JulijaS [17]

Agriculture:
- farms
- biotechnology ( now)
- food ( wheat,grain)

7 0

3 years ago

Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood

Ann [662]

Answer:

Floyd 43,500

Merriam 12,500

Ramelow 23,000

Explanation:

heir capital account balances as of December 31, 2020 stood as follows: Floyd $ 46,000

Merriam $ 25,000

Ramelow 1/3 interest.

23,000 is the third of the parthnership

23,000 x 3 = 69,000

46,000 + 25,000 + 23,000 = 94,000

loss of 94,000 - 69,000 = 25,000

distributed equally among the members:

Floyd 46,000 - 25,000 / 2 = 43,500

Merriam 25,000 - 25,000 / 2 = 12,500

6 0

3 years ago

What is profit or loss revaluation?​

What is profit or loss revaluation?