7. at a price of $2.00, total surplus is a. larger than it would be at the equilibrium price. b. the same as it would be at the equilibrium price. c. smaller than it would be at the equilibrium price. d. there is insufficient information to make this determination.

What two things do you consider when evaluating the time value of money

Taking commercial paper means the holder acts honestly

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.