Answer:
d.Equilibrium price will be indeterminate and equilibrium quantity will go up.
Explanation:
An increase in demand and a decrease in supply will cause an increase in equilibrium price, but the effect on equilibrium quantity cannot be detennined. ... If demand and supply change in the same direction, the change in the equilibrium output can be determined, but the change in the equilibrium price cannot.
Answer:
The correct answer is $132,664.89.
Explanation:
According to the scenario, the given data are as follows:
Present value (PV) = $50,000
Rate of interest (r) = 5%
Time period (n) = 20 Years
So, we can calculate future value by using following formula:
Future value = PV × (1 + r)^(n)
= $50000 × ( 1 + 5% )^20
= $50000 × (1 + 0.05)^20
= $132,664.89
Hence, After 20 years land will be worth $132,664.89.
Answer:
The ending balance in the retained earnings account on December 31, 2009 was $11,000
Explanation:
For computing the retained earnings balance on December 31, 2009, the following equation should be used which is shown below:
= Ending retained earnings + dividend paid - net income
= $31,000 + $16,000 - $36,000
= $11,000
Since we have to find out the beginning retained earning so we add the dividend amount and deduct the net income amount
If we find out the ending balance of December 31, 2010, than we add the net income and deduct the dividend amount.
Hence, the ending balance in the retained earnings account on December 31, 2009, was $11,000
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The company sells a product for $ 45 per unit.
Variable costs are $ 35 per unit.
Fixed costs are $ 2300 per month.
The company expects to sell 560 units in September.
A) contribution margin per unit= selling price - variable costs
contribution margin per unit= 45 - 35= $10
B) Total contribution margin= contribution margin*units sold= 10*560= $5600
C) contribution margin ratio= contribution margin/ selling price= 10/45= 0.2222