Answer:
<u>The correct answer is C. US$ 30,000</u>
Explanation:
1. What was the operating income for the period?
Operating income = Net sales - Cost of goods - Operational expenses
Operational expenses on this question are:
- Selling. general, and administrative expenses
- Interest expenses
- Research and development expenses
- Income tax expense
According to the information provided, we have then:
Operating income = 390,000 - 220,000 - 80,000 - 16,000 - 34,000 - 10,000
Operating income = 390,000 - 360,000
Operating income = 30,000
<u>The correct answer is C. US$ 30,000</u>
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Answer:
the future value in two years is $110.25
Explanation:
The computation of the future value in two years is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $100 × (1 + .05)^2
= $100 × (1.1025)
= $110.25
Hence, the future value in two years is $110.25
The same should be considered and relevant
False.... The amount of money taken out of a check for taxes depends on how much you're getting paid.
To start off a solid plan, without a plan you will never succeed especially when it cleans to business and making your own product, trying to make and sell something without a plan will guide that new idea straight to the ground
Answer:
The correct option is increase; decrease; increase
Explanation:
First, we will define the following terms:
- Consumer surplus
- Producer surplus
- Total surplus
<u>Consumer surplus</u> refers to the difference between the price that consumers pay and the price that they are willing to pay. Consumer surplus always increases as the price of a good falls and decreases as the price of a good rises. Therefore, in this scenario, as the country exports wheat, more wheat will be available in the market, leading to a fall in price, thereby leading to an increase in consumer surplus.
<u>Producer surplus</u> refers to the difference between how much a producer would be willing to accept for given quantity of a good against how much they can receive by selling the good at the market price. The difference or surplus amount is the benefit the producer receives for selling the good in the market. When prices rise, producer surplus increases, and when price falls, producer surplus decreases. There a decrease in price spurred by more wheat in the market will lead to a decrease in producer surplus.
<u>Total surplus</u> in a market refers to the measure of the total well-being of all participants in a market. Therefore, with more wheat in the market, there will be a drop in price, and consumers will be able to buy more, leading to more supply. This will lead to an increase in total surplus.
