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2 years ago

9

In the supply-and-demand schedule shown above, at the equilibrium price, quantity supplied is ___ and quantity demanded is _

__.
A. 50, 350
B. 450, 75
C. 200, 200

1 answer:

blsea [12.9K]2 years ago

6 0

Answer:

C. 200, 200

Explanation:

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Cynthia always buys whichever brand of paper towels is on sale, even if it is not the highest quality towel. her paper towel buy

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Single feature model

In this case, the single feature that Cynthia cares about is price. The single feature model works well for simple decisions, but most purchases require more thought. For example, buying a house based solely on price would be a terrible idea because it might be in a bad neighborhood or terrible condition.

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3 years ago

Sudoku Company issues 17,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $230

steposvetlana [31]

Answer:

Debit Land for $230,000

Debit Building for $372,000

Credit Common Stock (w.1) for $136,000

Credit Paid in capital in excess of per value (w.2) for $466,000

Explanation:

The journal entry will look as follows:

<u>Account Name Dr ($) Cr ($) </u>

Land 230,000

Building 372,000

Common Stock (w.1) 136,000

Paid in capital in excess of per value (w.2) 466,000

<u><em>(To record issuance of stock in exchange for the land and building.) </em></u>

Workings:

w.1: Common stock = Number of shares issued * Price per share = 17,000 * $8 = $136,000

w.2: Paid in capital in excess of per value = Value of land + Value of building - Common stock = $230,000 + $372,000 - $136,000 = $466,000

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3 years ago

term fixed price contract to build an office tower for $10,000,000. In the first year of the contract Tullis incurs $3,000,000

almond37 [142]

Answer: $750,000

Explanation:

Given that,

Fixed price contract = $10,000,000

Cost incurred in the first year = $3,000,000

Remaining costs to complete = $5,000,000

Tullis billed = $4,000,000 in year 1

Collected by the end of the year = $3,500,000

Percentage of work completed = $\frac{Expenditures\ Incurred\ from\ Inception\ to\ Date}{Total\ Estimated\ Costs\ for\ the\ Contract}$

= $\frac{3}{8} \times 100percent$

= 37.5%

Revenue recognized = 37.5% of $10,000,000

= $3,750,000

Income recognized = Revenue recognized - Cost incurred in the first year

= $3,750,000 - $3,000,000

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3 years ago

What was the first great economic analysis of global trade written in 1776??

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sukhopar [10]

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3 years ago