If consumers' surplus is $30 and the price paid for the good is $50, then the maximum price a buyer is willing and able to pay for the good is $20. To solve for this question, subtract the surplus amount of $30 and the actual price paid of $50 together. Consumer surplus is defined as the difference in the amount of money that a consumer is willing to pay vs what they actually pay for a good or service.
It will take 25 months to get $500
Answer:
An increase of $9,833
Explanation:
The accounting equation defines the relationship between the elements of the balance sheet. These are the asset , liabilities and equity. It is given as
Assets = Liabilities + Equity
Given that total liabilities decreased by $24,119 during a period of time and stockholders' equity increased by $33,952 during the same period,
Effect on asset
= - $24,119 + $33,952
= + 9833
The amount and direction (increase) of the periods change in total assets is an increase of $9833.
Answer:
$42,700 cash is available for distribution
Explanation:
In order to calculate the cash available for sharing, we will first identify the debit and credit transactions. Debit transactions are expenditures, while credit transactions are incomes, hence we need to calculate the difference between the income and the expenditure.
Available cash = Everett (credit) - Miguel (debit) + Ramona (credit)
Available cash = 52,800 - 47,500 + 37,400 = $42,700
Therefore $42,700 is available in cash for distribution to the partners
Answer:
15 years
Explanation:
Use the FV formula to calculate the total duration;
Future value ; FV= 52,421
Present value; PV = 19,000
Interest rate ; r = 7% of 0.07 as a decimal
Total duration ; t = ?
Divide both sides by 19,000;
Introduce logarithm on both sides;
㏑2.759 = t㏑1.07
Divide both sides by ㏑1.07 to solve for t;
㏑2.759 / ㏑1.07 = t
t = 14.9998
Therefore, it will take 15 years