Presented below are two independent transactions. both transactions have commercial substance. 1. mercy co. exchanged old trucks (cost $63,500 less $19,000 accumulated depreciation) plus cash of $17,000 for new trucks. the old trucks had a fair value of $39,900. 2. pence inc. trades its used machine (cost $11,100 less $3,700 accumulated depreciation) for a new machine. in addition to exchanging the old machine (which had a fair value of $10,100), pence also paid cash of $2,600. prepare the entry to record the exchange of assets by mercy co.

John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?

How do you know if two line segments are perpendicular?