Rodriguez Company pays $335,000 for real estate plus $17,755 in closing costs. The real estate consists of land appraised at $204,000; land improvements appraised at $51,000; and a building appraised at $255,000. Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase

Employers hiring for entry-level positions in hospitality and tourism expect workers to

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost