Answer:
Adjusted balance: 1,801 dollars
Explanation:
Bank statement balance: 1,921
outstanding checks (300)
bank mistake <u> 180 </u>
adjusted bank balance 1,801
Cash account balance: 1,900
service charge (25)
Interest earned 1
car insurance expense <u> (75)</u>
Adjusted Balance: 1,801
We adjust each party for mistake and unknow information.
The bank made a mistake and is unaware of the outstanding checks
Joe didn't know about the insurance amount, the service charge nor the interest thus, it need to record and adjust for this value.
Answer:
$17,000
Explanation:
Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.
Answer:
“and get rich” I believe that’s the answer
Explanation:
Answer: 16 units more than social optimum.
DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96
Explanation:
Q=1200 - 4P and Q=-240 + 2P
In a free market quantity demand =quantity supplied
1200 -4P = -240 +2P
P =240
Sub P
Q* = 240
Socially optimal quantity is
Marginal social benefit (MSC)= marginal social cost(MSC), including external damage =MEC
MPC= marginal private cost =inverse of supply function
MPC = (1/2)*Q + 120
MEC=12
MSC =(MPC +MEC) = (1/2)Q +120 +12
MSC= MPB where MPB is marginal private benefit = inverse of demand functn
MPB = 300 -(1/4)Q
(1/2)Q + 132 =300 - (1/4)Q
Q° = 224
Difference btw Q* & Q° = 16 units more than social optimum.
DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96
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