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PilotLPTM [1.2K]
4 years ago
5

Suppose gail is willing to pay $89 for a new pair of shoes and karen is willing to pay $60. what is the gain in total consumer s

urplus if the price of the shoes falls from $70 to $50?
Business
1 answer:
OverLord2011 [107]4 years ago
4 0
When answering a question on consumer surplus, follow similar steps as if it were a triangle from geometry class. 1/2 (base)(height).

The consumer surplus if the price of the shoe falls from $70 to $50 is $30. 

The consumer surplus is defined as a measure that people gain from purchasing a good or service. 
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A financial analyst is attempting to assess the future dividend policy of Environmental Systems by examining its life cycle. She
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Answer:

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Putting the values given to calculate dividend per share we get,

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Stage 1 =0.00*$0.30                         $0

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5 0
4 years ago
King, Inc. owns 70% of Simmon Co.'s outstanding common stock. King's liabilities total $450,000, and Simmon's liabilities total
vodka [1.7K]

Answer:

Total liabilities to be reported in Consolidated Financial statement = $550,000

Explanation:

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Therefore All the liabilities of Simmon will be added to liabilities of King Inc. consolidated financial statements.

But in case where there is a liability or an asset to pay or receive from holding or subsidiary it is eliminated.

Note payable by Simmon to King is a liability in the books of Simmon and asset in the books of King Inc

Therefore it will be eliminated total assets of King will be shown after deducting this asset value, and total of liabilities will also be shown after deducting this value of liabilities from Consolidated financial statements.

Therefore total liabilities = $450,000 of King Inc + $200,000 liabilities of Simmon Co - $100,000 note payable inter group eliminated = $550,000.

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3 years ago
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