Search & Filtering
3) Suppose that the market demand for Blue band is a straight line of the form Q = 300-50p where Q is the quantity bought in thousands of boxes per week and P is the price per box in.
i. How much Blue Band is demanded at P= 0?
ii. At what price does the demand for Blue Band go to zero?
iii. Calculate total expenditures for Blue Band at each price between and inclusive of the prices identified in parts (i) and (ii) above.
iv. Is demand elastic or inelastic at the following prices; (a) P =2 (b) P=4. Explain your answers.
Definition of the economy?
16.9 Budgeted and Actual Debt Service Transactions. The City of Amarillo is authorized to issue $8,000,000, 3 percent regular serial bonds in 2020 for the construction of a new exit off the interstate highway within city limits. The bonds mature in equal annual amounts beginning on January 1, 2021, for 10 years and pay interest on January 1 and July 1. The city is required to use all accrued interest and premiums to service the debt. The funds to pay the interest will be transferred from the General Fund. The county’s fiscal year-end is December 31.
A. Prepare the budgetary entries for 2020 assuming that the bonds were scheduled to be issued on January 2. Assume that the January 1, 2021, principal and interest payments will be included in the 2021 budget.
The trial balance and additional information given below was obtained from the records of Vancouver Traders on 28 February 2020, the end of the financial year. REQUIRED Use the trial balance, adjustments and additional information to prepare the Income statement for the year ended 28 February 2020
- When price of corn is R200 and of textiles is R150. Calculate income for both countries
- Plot a family of income lines with the same level of prices from the previous question
The following information was taken from the accounting records of Fantasia Traders. REQUIRED 3.1 Complete the Cash Receipts Journal and Cash Payments Journal of Fantasia Traders for February 2020. All entries must indicate the correct contra ledger account in the Details column. Cast the Journals. Use the following format: (10) 3.2 Post to the Bank account in the General ledger. Balance the account. (4) 3.3 Prepare the Bank Reconciliation Statement as at 28 February 2020. (6)
