Use the graph below to answer the following question. A graph has Quantity on the horizontal axis and Price per Unit on the vertical axis. An upward-sloping line labeled S intersects a downward-sloping line labeled D at value 45 on the horizontal axis and value level B on the vertical axis. Value A on the vertical axis corresponds to horizontal axis value 25 where it meets line D and value 70 where it meets line S. Value C on the vertical axis corresponds to horizontal axis value 35 where it meets line S and value 60 where it meets line D.

What would be the result if the price were set at C in the market above?

A surplus of 10 units
A shortage of 10 units
A surplus of 25 units
A shortage of 25 units
A surplus of 35 units

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price