Mad Hatter Enterprises purchased new equipment for $375,000, terms f. o.b. shipping point. Other costs connected with the purchase were as follows: State sales tax $ 30,200 Freight costs 6,600 Insurance while in transit 900 Insurance after equipment placed in service 1,300 Installation costs 2,500 Insurance for the first year of operations 2,900 Testing 800 Required: Determine the capitalized cost of the equipment.

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.