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3 years ago

13

The market for bell peppers is perfectly competitive and currently has an equilibrium price of $3 and the number of bell pappers

traded is 6. Suppose the government imposes a price floor of $1 on this market. What will be the size of the shortage in this market

1 answer:

Oksanka [162]3 years ago

4 0

Well, the price would increase by 1 dollar, so the shortage would be 2 less.

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On June 1, Crane Company Ltd. borrows $99,000 from Acme Bank on a 6-month, $99,000, 8% note. The note matures on December 1. Cor

azamat

Answer:

Explanation:

The journal entry is shown below:

On June 1

Cash A/c Dr $99,000

To Notes payable A/c $99,000

(Being the amount borrowed is recorded)

For recording this transaction, we debited the cash account and credited the notes payable account so that the correct posting can be done

All other information which is given is not relevant. Hence, ignored it

7 0

3 years ago

pogonyaev

Answer:

$372.59

Explanation:

The amount deducted is 19% of $1,961

=19/100 x $1961

=0.19 x $1961

=$372.59

Amount deducted is $372.59

6 0

3 years ago

A manufacturer of industrial grade gas handling equipment wants to have $725,000 in an equipment replacement contingency fund 10

Amanda [17]

Answer:

$41,354.98

Explanation:

Required future worth = Annual savings x FVIFA(r%, N) x (1 + r)

Required annual savings ($) = [Required future worth / FVIFA(r%, N)] / (1 + r)

= 725,000 / [FVIFA(10%, 10) * 1.1]

= 725,000 / (15.9374 * 1.1)

= 725,000 / 17.53114

= 41354.98318991235

= $41,354.98

Note: Since this is annuity due (deposit made at beginning of year), FV is divided by (1+r).

7 0

3 years ago

To economists, the social cost of unions depends primarily on

Arisa [49]

To economist, the social cost of union depends primarily on the people. People do not start their lives with fully developed theories about systems of society where unions are formed to fight for socialism. This organize monopolies to break down competition.

4 0

3 years ago

5) Scanlin, Inc. is considering a project that will result in initial aftertax cash savings of $2.1 million at the end of the fi

rewona [7]

Answer:

The PV of future cash flow is $22,925,764, therefore the company should take on the project

Explanation:

In order to know if the company should take on the project we have to calculate the PV of future cash flow as follows:

PV of future cash flow=<u> D1 </u>

RE-g

To calculate this formula we requre to calculate the WACC and the discount rate as follows:

WACC=(1.00/1.80×0.11)+0+(0.80/1.80×0.046)

WACC=0.0611+0+0.02044

WACC=0.081556

WACC=8.16%

After having calculated the WACC we can calculate the project discount rate as follows:

project discount rate=WACC + Additional risk factor

=8.16%+3%

=11.16%

Therefore, PV of future cash flow= <u>$2,100,000</u>

0.1116-0.02

PV of future cash flow= <u>$2,100,000</u>

0.0916

PV of future cash flow=$22,925,764

The PV of future cash flow is $22,925,764, therefore the company should take on the project

4 0

3 years ago