Starting a business out of necessity reffers to making a decision based on specific criteria that has an affect on a certain number of people. In this situation, a person is making the decision they feel is best based on information collected and parts of an oganization that needs to be changed. It's imparative to do your research and decided what and why things need to change and the best way to acheive success in doing so.
Answer:
$8,800
Explanation:
Calculation for What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31
First step is to calculate insurance amount per year
Insurance=$26,400/2 years
Insurance= 13,200
Second step is to calculate the insurance value per months
Insurance value=13,200/12 months
Insurance value=1,100
Now let calculate insurance expense
Insurance expense =$1,100 x 8 months
Insurance expense = $8,800
Note that May 1 to December 31 will give us 8 months
Therefore the amount of insurance expense that would appear on the company's income statement for the first year ended December 31 will be $8,800
Answer:
Susan will have to pay $525 for her health insurance.
Explanation:
The total amount paid to the health insurance is $200 by Susan and $325 by the employer which summed up to $525.
As now the employer is no longer paying the amount for the health insurance, so now Susan has to pay $525 herself for the health insurance.
C. 60
Explanation:
Producer's Surplus means the value producer derives from selling goods. For example, if producer is willing to sell the product for a price 8 but consumers are willing to pay a higher price, let's say 20, then producer achieves a surplus of 12 per unit. Let's calculate the producer's surplus -
As per question, Reservation Price (RP) =20, Price (P) =8, & Quantity (Q) =10
The formula for Producer Surplus (PS) is as follow:
PS = 1/2 (RP - P) x Q
= 1/2 (20-8) x 10 = 60
