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olga nikolaevna [1]
3 years ago
13

The equilibrium price is: unstable because at this price the quantity demanded is less than the quantity supplied. stable becaus

e at this price the quantity demanded equals the quantity supplied. stable because at this price all buyers are willing and able to pay. unstable because at this price the quantity demanded exceeds the quantity supplied.
Business
1 answer:
Makovka662 [10]3 years ago
6 0

Answer:

stable because at this price the quantity demanded equals the quantity supplied.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

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The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

<h3>What journal entries?</h3>
  • A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
  • An accounting journal, which shows a company's debit and credit balances, records transactions.
  • The journal entry can be made up of multiple records, each of which is either a debit or a credit.
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So, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of cash invested, and the fair market value.

30,000 + 60,000 = $90,000

Therefore, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

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The complete question:

T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of $60,000. The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $ ______.

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Access to specific knowledge or skills is _______________ power.
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3 years ago
Rick Corporation’s Accounts Receivable decreased by $25,000 during the year. What is the adjustment to the cash flow statement w
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The correct answer is "Add the decrease to the net income in operating activities."

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Project Rastarum is expected to generate $12,400 each year for the next 5 years, using, costing blizzent co. $40,000 today. if t
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During the year, the Senbet Discount Tire Company had gross sales of $1.24 million. The company’s cost of goods sold and selling
Afina-wow [57]

Answer:

Net income= $139,755

Operating cash flow= $346,835

Explanation:

Senbet discount tire company has a gross sale of $1.24 million

The cost of goods sold is $593,000

The selling expense is $246,000

The company has a note payable of $850,000 with an interest rate of 5%

Depreciation is $123,000

Tax rate is 23%

(a) Inorder to calculate the tax expense the first step is to find the interest

Interest= debt×interest rate

= $850,000×5/100

= 850,000×0.05

= 42,500

Therefore, the net income can be calculated as follows

= (sales-cost of goods sold-selling expense-depreciation-interest)(1-tax rate)

=( $593,000-$246,000-$123,000-42,500)(1-0.23)

= 181,500×0.77

= $139,755

(b) Inorder to calculate the operating cash flow the first step is to find the tax expense

Tax expense= (gross sales-cost of goods sold-selling expense-depreciation-interest)× tax

($1,240,000-$593,000-$246,000-$123,000-42,500)×0.23

= $235,500×0.23

= $54,165

Therefore, the operating cash flow can be calculated as follows

= gross sales-cost of goods sold-selling expense-depreciation-tax expense+depreciation

=$1,240,000-$593,000-$246,000-$123,000-$54,165+$123,000

= $346,835

Hence the net income is $139,755 and the operating cash flow is $346,835

4 0
3 years ago
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