Crane Company showed the following balances at the end of its first year: Cash $3900 Prepaid insurance 6900 Accounts receivable 4900 Accounts payable 3900 Notes payable 5900 Common stock 1900 Dividends 900 Revenues 31000 Expenses 24000 What did Crane Company show as total credits on its trial balance?

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.