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The quantity of coal supplied changes from 45 000 tons a month to 50 000 tons a month when the price changes from R1 500 to R1 600. Based on this information, which of the following statements are correct?
a.
The percentage change in the quantity of coal supplied is larger than the percentage change in the price of coal.
b.
The percentage change in the quantity of coal supplied is smaller than the percentage change in the price of coal.
c.
The supply of coal is price elastic.
d.
The supply of coal is not price elastic.
What is the consumer surplus and producer surplus for : Qd= 300-3p and Qs= 50+2p
If the national debt of a country (in trillions of dollars)tyears from now is given by the indicated function, find the relative rate of change of the debt12years from now. (Round your answer to two decimal places.)
N(t) =0.6+1.3e0.01t
Sampson Manufacturing Company (SMC) has an empty warehouse that it rents out to a local beer distributor for a monthly rental fee of $6,000. Terms of the rental agreement include a 10-day payment grace period and an additional $200 monthly utility expense, necessary to maintain the beer distributor's products at the proper temperature, paid by SMC. Assuming that SMC records journal entries on a monthly basis, and that it receives the December monthly rent payment on January 9th, what is the adjusting journal entry (if any) made by SMC on December 31 (with December's $200 utility payment made on January 2)?
- Debit Rent Receivable $6000
- Debit Utilities Expense $200
- Credit Rent Revenue $6000
- Credit Utilities Payable $200
The answer is highlighted. Are there any other journal entries that I need to know for this question? Thank you.
Windy Harbor Boat Company pays its employees on a weekly basis each Friday. During the week ended Friday, January 3, Year 2, the company had a weekly payroll of $125,750. Assuming that the company is on a calendar basis and that daily wages are always the same, what adjusting journal entry (if any) would be made on December 31, Year 1?
- Debit Salaries Expense $50,300
- Credit Accrued Salaries $50,300
The answer is highlighted. Are there any other journal entries that I need to know for this question? Thank you.
During the fourth quarter ended December 31, Year 1, Lighting Fixtures Inc. (LFI) had average outstanding revolving bank loans of $1.2 million. Assume that the quarterly interest charges associated with these loans was $7,500. If LFI makes the interest payment to the banks on January 15, Year 2, what is the journal entry (if any) made by the company on December 31 to reflect the above?
-Debit Interest Expense $7500
-Credit Accrued Interest $7500
The answer is highlighted. Are there any other journal entries that I need to know for this question? Thank you.
To what extend does financial planning influences investors and business owner’s financing decision.?
Does the idea that all cultures and customs should be respected, decrease instances of discrimination based on race and/or culture?
An increase in the rand price of a foreign currency usually
a. benefits South African importers.
b. hurts both South African importers and exporters.
c. benefits both South African importers and exporters.
d. benefits South African exporters.
Depreciation of South African rand against the United States (US) dollar implies that ...
a. South Africa’s exports to the US will be relatively cheaper.
b. you need fewer relatively rands to buy one dollar.
c. the dollar has lost value against the rand.
d. the rand has gained value against the dollar.
#340153 on Dec 2023