First we find the slope of the line:
m = (12-9) / (7000-17000) = - 0.0003
Then, the generic equation of the line is:
p-po = m (q-qo)
where
(po, qo): point that belongs to the line.
We have then:
p-12 = (- 0.0003) (q-7000)
Rewriting:
p = -0.0003 * q + 2.1 +12
p = -0.0003 * q + 14.1
answer:
the demand equation, assuming it is linear
p = -0.0003 * q + 14.1
Answer:
$1.96
Explanation:
The disparity between the delivery price and the actual forward price discounted at the specified discount rate will be the current value.
Thus, it can be calculated by using the following formula:
Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27
<h3>How to find the opportunity cost</h3>
opportunity cost of Burritos
= 400 / 300
= 1.33
The opportunity cost of Tacos
300 / 400
= 0.75
For the tacos produced we would have
opportunity cost of tacos x opportunity cost that was incurred
= 36 * 0.75
= 27
Hence we would conclude by saying that Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27
Read more on opportunity cost here: brainly.com/question/1549591
#SPJ1
complete question
The complete question for this particular question is in the attachment (picture)
Answer:
The Journal entries are as follows:
(i) On October 1, 2014
Retained Earnings A/c Dr. $7,350,000,000
To Dividend Payable $7,350,000,000
(To record declaration of dividend on outstanding shares)
Workings:
Dividend Payable = Outstanding shares × Dividend per share
= 3 billion × $2.45
= $7.35 billion
(ii) On October 15, 2014
No Entry
(iii) On October 20, 2014
Dividend Payable A/c Dr. $7,350,000,000
To cash $7,350,000,000
(To record payment of dividend)