Economics Answers

A. Prepare bank reconciliation for Vahnidosa Beauty Essentials for the month of October 2021 using adjusted balance method.

• Book balance - 42,500.00
• Bank Statement Balance - 57,000.00
• Outstanding Checks - 42,000.00
• Deposit in Transit - 30,000.00
• Interest Income - 9,500.00
• Bank Service Charge - 1,500.00
• Returned Customer Check - 5,000.00
• Bank charge for new checks - 450.00

Given the demand and supply equations: (2.5)

Qdx= 150- 20Px and Qsx= -30 + 50Px

Find

a) Equilibrium Price

b) B) if market price is Rs. 3.50, what will be the amount of surplus

units?

Explain the concept of “gearing” and its impact on a business. 

As an expert, advise on finance decision issues on equity and loan funds.

Explain the concept of “gearing” and its impact on a business. 

Suppose the market demand curve for a good is Qd=1000-10p and the market supply curve is given by Qs=100+20p required; calculate the equilibrium price and the equilibrium quantity

How does the form of economic system of South Korea and North Korea affect their state of

economy?

Contrast how a market system and a command economy address the problem of resource

allocation.

Why are economic goals important to the economy?

Discuss the role of government in managing the economy?

"Explain how production helps the economy to grow."