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3 years ago

When the market price of a good is above its equilibrium value, and all other determinants are unchanged?

Business

1 answer:

serg [7]3 years ago

5 0

This is considered a surplus. When this happens a surplus happens within a market. Hope this helps.

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12. Describe an alternative investment that you might invest in someday, and explain why this investment is appealing to you

Ivenika [448]

I would invest in building my own house. This is appealing to me because I want to raise a family in a nice house that I have built.

4 0

3 years ago

Read 2 more answers

Flounder Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $2,000, a

Anna35 [415]

Answer:

Through straight line method

In year 2020 =3100

In year 2021 = 3100

Through double declining method

In year 2020=6600

In year 2021= 5280

Through activity based

in year 2020=4544

in year 2021=3366

Explanation:

Through straight line method

Formula is (Cost-salvage)/Useful years

So,

Cost of good is $33000

Salvage amount is $2000

Number of useful years 10

Putting the values

(33000-2000)/10

3100

As, this is straight line method, depreciation for the next year (2021) would also remain same. 3100

Through double declining method

Formula is 2* depreciation rate

so, 2* 1/10

double declining rate is 1/5

So, 33000*1/5= 6600

6600 for 2020

Next year (2021),

Now we would subtract the amount of 6600 (already depreciated) from the 33000.

So, 33000-6600= 26400

Applying the rate, 26400*1/5 = 5280

So, next year 5280

Through activity based

we depreciate the truck according to its usage

So, in first year it was used 13800 miles. Maximum it can be used for 100,000 miles

First year 13800/100000= 13.8% used

we depreciate then 33000*13.8%= 4554

So, in 2020 4554

Next year (2021)

It was driven 10200 which is 10200/100000= 10.2%*33000

So, 0.102*33000= 3366

In 2021, depreciation of machine according to the activity based system was 3366

4 0

3 years ago

In a set of statistics the _____ is the middle number

tino4ka555 [31]

C) Median

is your answer

Median is "the middle number in a given sequence of numbers, or the average of the two middle numbers when there is a even amount of numbers in a sequence"

For example, your median is 3 in a sequence of: 1,2,3,4,5

hope this helps

3 0

3 years ago

Divine Apparel has 3,200 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to st

Alenkasestr [34]

Answer:

The Journal entries are as follows:

(i) On October 1,

Dividend declared A/c(3,200 × 0.25) Dr. $800

To Dividend payable $800

(To record the declaration of cash dividend)

(ii) On October 15,

No entry

(No entry on date of record because no transaction actually happened)

(iii) On October 31,

Dividends payable A/c Dr. $800

To cash $800

(To record the payment of cash dividends)

6 0

3 years ago

While packing an item what size packaging material should be used

In-s [12.5K]

Answer:

box

Explanation:

because large box have a lot of space

8 0

3 years ago