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3 years ago

Consumer surplus is represented by the area _ the demand curve and _ the price that the consumer pays.

Business

1 answer:

leonid [27]3 years ago

3 0

Answer:

under

above

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

For example, if the willingness to pay for a book is $100 and the price of the book is $50.

Please check the attached image for a diagram showing consumer surplus

Consumer surplus : $100 - $50 = $50

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Below are transactions for Wolverine Company during 2021.

zimovet [89]

Answer:

a.Unearned revenue $1,550

Service revenue $1,550

b. Dr Insurance expense $6,060

Cr Prepaid insurance $6,060

c. Dr Salaries expense $2,100

Cr Salaries payable $2,100

d. Dr Interest expense $175

Cr Interest payable $175

e. Dr Supplies expense $3,000

Cr Supplies $3,000

Explanation:

Preparation to Record the necessary adjusting entries at December 31, 2018, for Wolverine Company.

a.Unearned revenue $1,550

Service revenue $1,550

($3,100/2)

(Being to record rent revenue)

b. Dr Insurance expense $6,060

Cr Prepaid insurance $6,060

($12,120*6/12)

(Being to record insurance expense l

c. Dr Salaries expense $2,100

Cr Salaries payable $2,100

(Being to record salaried expense)

d. Dr Interest expense $175

($10,500*10%*2/12)

Cr Interest payable $175

(Being to record Interest expense)

e. Dr Supplies expense $3,000

Cr Supplies $3,000

($910+$2,500-$410)

(Being to record Supplies expense)

8 0

3 years ago

The management of Firebolt Industries Inc. manufactures gasolineand diesel engines through two production departments, Fabricati

GalinKa [24]

Solution:

Single factory overhead amount: the amount at which plant overheads or processing overheads are assigned to goods is referred to as single plant overhead rate.

Formula to measure a single plant-wide overhead rate:

Single plant-wide overhead rate :

$\frac{Total budgeted factory overhead}{ Total budgeted plant-wide allocation base}$

Different development team overhead rate: this distribution system describes the various divisions engaged in the manufacturing cycle. Factory overheads are assigned to goods on the basis of the overhead cost for each of the manufacturing units.

Formula for calculating various output department overhead:

Multiple production department overhead rate:

$\frac{ Budgeted department factory overhead}{ Budgeted department factory overhead}$

For calculate: single plant-wide overhead rate use direct working hours (DLH) as the allocation basis, and measure factory overhead.

Using DLH as the allocation basis to measure a single plant-wide overhead limit.

Single plant-wide overhead rate : $\frac{Total budgeted factory overhead}{ Total budgeted plant-wide allocation base}$

= $\frac{80,000}{10,000 DLH}$

For calculate: single plant-wide overhead rate use direct working hours (DLH) as the allocation basis, and measure factory overhead.

Using DLH as the allocation basis to measure a single plant-wide overhead limit.

4 0

3 years ago

This is an online live debate first 2 people to comment are the debaters the rest are the jury and they reply to chat the debate

Lana71 [14]

Hello there!

Let's take note of some things first. When a argument occurs, there's always two different kind of people. You would have someone who think he has a point and he explains his opinion on this matter, and then you would have the other opponent who would most likely say the complete opposite of this other person.

Now, when conduction the argument of the topic "cell phones", there would be a ton of different opinions on this matter.

For an example:

(Person #1) - opposer.

Cell Phone's are very useful, when you need to call a person, you would have something to communicate with the other person. It would be encounter as a essential in our every day life.

(Person #2) - opposer.

I believe that Cell Phones are unsafe. People could track you down and hurt you to the full. They can take your information, and then you would have some several bad cases on this matter. I believe that Cell Phones are not safe.
__________
Based on looking at this example here, you would see on how they're are two different opinions here. They both have different explanations.

I hope this helps you!

8 0

3 years ago

Read 2 more answers

Which of these statements is correct with regard to the implementation of marketing objectives?

xz_007 [3.2K]

Answer:

B). A lot of ongoing communication is involved when executing a plan.

Explanation:

The second statement regarding 'a lot of ongoing communication is involved when executing a plan' is the most correct regarding the implementation of marketing objectives. <u>Effective communication is the most significant key to ensure that the plans are timely and efficiently executed, the tasks are divided and coordinated significantly, and the desired goals and objectives are achieved successfully</u>. Thus, <u>option B</u> is the correct answer.

3 0

3 years ago

Dave's Scooters is a small manufacturer of specialty scooters. The company employs 14 production workers and four administrative

katrin [286]

Answer:

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Explanation:

3 0

3 years ago

Consumer surplus is represented by the area _____ the demand curve and _____ the price that the consumer pays.

Consumer surplus is represented by the area _ the demand curve and _ the price that the consumer pays.