Business, 06.05.2020 05:17 aidanfbussiness
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.
Statement Consumer Surplus Producer Surplus Neither
a. Even though I was willing to pay up to $59 for a used textbook, I bought a used textbook for only $54.
b. I sold a used laptop for $180 on eBay last week. This week, someone offered me $32 for it.
c. I sold a jersey sweater for $30, even though I was willing to go as low as $25 in order to sell it.
Answers: 2
Business, 22.06.2019 02:50, dreyes439
Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of
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Business, 22.06.2019 05:20, RichardKing2376
What are the general categories of capital budget scenarios? describe the overall decision-making context for each.
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Identify whether each of the following statements best illustrates the concept of consumer surplus,...
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