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3 years ago

Other things equal, a fall in the market price caused by a change in supply will

Business

1 answer:

forsale [732]3 years ago

3 0

A fall in price that is caused by a change in supply would lead to an increase in consumer surplus.

A fall in market price happens when the products that are supplied or available in the market are in excess.

Simply put, an increase in supply or excess supply causes goods to fall in price. Because the good is surplus in the market.

As supply rises, the equilibrium falls leading to an increase in consumer surplus. This surplus happens because the price that was paid for a good becomes less than what was thought to be the price.

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Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her cond

kumpel [21]

Answer and Explanation:

Natalie's Gross Income = $10,000

75 + 35 = 110 days

Expenses:

Insurance Expense (75/110) x 1000 682

Advertising Expense 500

Mortgage Interest (75/110) x 3500 2386

Property Taxes (75/110) x 900 614

Repairs and Maintenance (75/110) x 650 443

Utilities (75/110) x 950 648

Depreciation (75/110) x 8500 5795

Until the depreciation expenses the total expenses accumulate to 5273. If we deduct that with the gross income total we get 4727. We can only deduct 4727 from the total portion of 5795 depreciation expense.

Therefore, for AGI deductions we take total of (5273 + 4727) = $10,000

For Natalie's personal deduction of AGI

Mortgage interest (35/110) x 3500 1114

Property taxes (35/110) x 900 286

Total personal deduction for AGI $1400

4 0

3 years ago

All sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollecti

Misha Larkins [42]

Answer:

Debit Bad Debts Expense $12,475

Credit Allowance for Doubtful Accounts $12,475

Explanation:

Calculation for estimated bad debts expense:

Explanation

Accounts receivable * Sales uncollectible

$445,000×0.025

=11,125

Hence:

11,125 +Allowance for Doubtful Accounts 1,350

=$12,475

Therefore the estimated bad debt will be:

Debit Bad Debts Expense $12,475

Credit Allowance for Doubtful Accounts $12,475

4 0

4 years ago

Steve has been given the charge of managing unskilled labor in the production units of his company. These workers are primarily

AURORKA [14]

Answer:

c. Reward power

Explanation:

Reward power is the power to influence employees or to impress employees by giving them some reward for doing certain things. The reward is clear and vague .