Answer:
A. $250,000
Explanation:
Real farm income can be calculated by dividing Nominal income by CPI for calculation data is given in the question.
DATA
Price per bushel = $8
units produced in 2014 = 100,000
Expense = 300,000
CPI = 2
Solution
Nominal income in 2014 = 8x100,000
Nominal income in 2014 = $800,000
Farm income = nominal income - expenses
Farm income = 800,000 - 300,000
Farm income = $500,000
real income = nominal income / CPI
real income = 500,000/2
real income = $250,000
Stockholders' equity is increased by revenues.
<h3>What is stockholders' equity?</h3>
Stockholders' equity is the total assets of a firm less the total liabilities. According to the accounting equation, stockholders' equity = assets - liabilities.
Factors that cause asset to increase or liabilities to reduce increases stockholder's equity. For example, an increase in revenue increases stockholder's equity or a decrease in expenses increases stockholder's equity.
To learn more about stockholder’s equity, please check: brainly.com/question/26210654
Answer:
- Self-Interests exist in both customers and the companies who sells the product.
Self-interest held by the companies will determine how much profit that they desire to acquire. Some owner wanted a high profit margin, some wanted lower , etc. Self-interest held by customers will determine the type of value that the consumers expect from the product and how much money they're willing to pay to obtain it.
Both of this will create a push and pull in the market. Eventually, the price will fall to the spot where both sellers and consumers believe as 'fair.'
- Competition is an additional factor to regulate prices that tends to be beneficial for the customers.
The existence of competition make consumers have more than one option in order to obtain a similar product. This <u>make companies have to reduce their self-interest and offer prices that can compete with the competitors.</u>
This tend to bring the prices lower from the initial equilibrium.
Answer:
The production level of Daytripper will be 2010 backpacks and the production level of Excursion will be 1185 backpacks. Thus, option C is the correct answer.
Explanation:
The production volume in July can be calculated by adding the production for July and the closing inventory in July and deducting the opening inventory in July from it.
Production level = Closing Inventory + Production - Opening Inventory
Daytripper = (2200 * 0.05) + 2000 - (2000 * 0.05)
Daytripper = 2010
Excursion = (900 * 0.05) + 1200 - (1200 * 0.05)
Excursion = 1185
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