The following events apply to gulf seafood for the year 1 fiscal year: the company started when it acquired $33,000 cash by issuing common stock. purchased a new cooktop that cost $14,500 cash. earned $23,100 in cash revenue. paid $13,200 cash for salaries expense. adjusted the records to reflect the use of the cooktop. purchased on january 1, year 1, the cooktop has an expected useful life of five years and an estimated salvage value of $2,900. use straight-line depreciation. the adjusting entry was made as of december 31, year 1.

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity.d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3