Answers
Answer:
1. If the depreciation is not recorded, expenses will be overstated. Net income will therefore be higher by the depreciation amount of $5,400.
2. One June 30, $34,000 was loaned out. Interest is 7%. This interest needs to be apportioned to 6 months in the year as interest revenue:
= [(7% * 34,000) / 12] * 6 months
= $1,190
If this is not recorded, interest revenue will not be recorded which means that Net income will be lower by $1,190.
3. This was for one year yet it was received on October 1. 3 months of the amount will have to be accounted for in the current period.
= (9,600/12) * 3
= $2,400
There must be revenue recognized of $2,400. If it is not recognized, Net income will be lower by $2,400.
In total, Net income will be higher (lower) by:
= 5,400 - 1,190 - 2,400
= $1,810
Higher by $1,810.
Related Questions
When growth is high, extending stock option grants to lower levels of the organization as Titan did is likely to
Answers
Answer:
increase attachment in the organization
Explanation:
In an organization like Titan, when the growth of the organization is high, the extending stock option that grants to the lower levels of the organization is more likely to provide employees at all the levels to have a share in the growth of the organization which increases the attachment of the employees to that particular organization.
Households do not provide capital?
True
О
False
Answers
Answer:
Household do provide capital
Professional social media sites can also help employers find you. When you create an account, you describe your work history in detail and list all of your skills, just like in a résumé. If an employer is looking for someone with your abilities and experience, a site like LinkedIn is a great place to start. Recruiters may also use social media to promote new job listings. Millions and millions of people use these sites, and they can be a great way to reach many job seekers at once.
How can social media help employers during the hiring process? Check all that apply.
1. Most profiles offer more detailed information than any résumé.
2. Social media often provides a place for employers to begin their search.
3. Social media can fill in gaps on résumés or provide additional details.
4. Some sites can be a platform for recruiters to promote job openings.
5. Only the most qualified candidates are likely to have a social media presence.
Answers
Answer:
2, 3,4
Explanation:
logic
Answer:
2,3,4
Explanation:
Have a great day.
Bonita Industries began the year by issuing $75500 of common stock for cash. The company recorded revenues of $772000, expenses of $666000, and paid dividends of $45000. What was Bonita net income for the year
Answers
Answer:
net income = $106,000
Explanation:
net income = total revenues - total expenses = $772,000 - $666,000 = $106,000
Any additional capital raised will increase the company's cash flows (financing activity) and any dividends distributed will decrease them (another financing activity), but they do not affect the company's net income.
3. Suppose Big Bank offers an interest rate of 5.5% on both savings and loans, and Bank Enn offers an interest rate of 6% on both savings and loans. a. What profit opportunity is available? b. Which bank would experience a surge in the demand for loans? Which bank would receive a surge in deposits? c. What would you expect to happen to the interest rates the two banks are offering?
Answers
Answer and Explanation:
The explanation is shown below:
a. The profit opportunity i.e. available is take the loan from bank B at 5.5% and the money would be saved in Bank E at 6%
b. The Bank B would be surge in the loan demands while Bank E would be surge in deposits
c. The rate of interest would be increased in Bank B and the rate of interest would be decreased in Bank E
So the same is to be considered
A company decides to close down its plastics division. It has on hand 20 tons of styrene monomer, a raw material that has a market price of $800 per ton, which had been originally purchased at $750 per ton. Given that the company has no use for the styrene monomer, and that it would cost the company $5200 to store it, what is the total value of the 20 tons of styrene monomer to the company
Answers
Answer:
$16,000
Explanation:
With regards to the above information, we are only concerned with calculating the value of 20 tons of styrene to the company, hence other information are not relevant.
The total value of the 20 tons of styrene monomer to the company would be ;
= 20 tons of styrene monomer × Market price of styrene monomer per ton
= 20 × $800
= $16,000
A meat processing plant produces both steak and ground beef. What effect would rising market prices for steak have on the market for ground beef
Answers
Answer:
The supply of ground beef will decrease
Explanation:
Here are the options to this question :
The supply of ground beef will increase.
The supply of ground beef will decrease.
There will be an increase in the quantity supplied of ground beef.
The supply of steak will decrease.
An increase in the price of steak would lead to an increase in quantity suoplied of steak. As a result of an increase in supply of steak, more steak would be produced. As a result, less of ground beef would be produced and supplied. This would lead to a leftward shift of the supply curve for ground beef
The market price of particular product can be increased due to various factors incurred in the market and that mainly include competition factor. Due to rise in the price of steak, market for ground beef would be effected.
Steak and ground beef
With the effect of rising market prices for steak have on the market for ground beef, in this case, "the supply of steak will increase."
An increase in the price of steak would lead to an increase in quantity supplied of steak. As a result of an increase in supply of steak, more steak would be produced. As a result, less of ground beef would be produced and supplied. This would lead to a leftward shift of the supply curve for ground beef.
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The net present value of future growth opportunities (NPVGO) will contribute to an above average P/E multiple when the additional share value created is:
Answers
Complete Question:
The net present value of future growth opportunities (NPVGO)will contribute to an above average P/E multiple when the additional share value created is
A) positive and the return on new investment is lower than the cost of equity capital.
B) positive and the return on new investment is greater than the cost of equity capital.
C) negative and the return on new investment is lower than the cost of equity capital.
D) negative and the return on new investment is greater than the cost of equity capital.
Answer:
The net present value of future growth opportunities (NPVGO)will contribute to an above average P/E multiple when the additional share value created is
B) positive and the return on new investment is greater than the cost of equity capital.
Explanation:
A firm can determine the net present value of growth opportunities (NPVGO) by calculating the net present value of all future cash flows involving projects with growth opportunities. The NPVGO provides an alternative way of thinking about stock valuations and can be determined by comparing the return on investment with the investment cost. The NPVGO determines the per-share value of these growth opportunity projects in order to ascertain the firm's actual value.
NPVGO will contribute to an above average P/E multiple when the additional share value created is positive and the return on new investment is greater than the cost of equity capital.
The net present value of future growth opportunities is the present value of opportunities to reinvest future earnings of a firm in a profitable venture.
The determinants of net present value of future growth opportunities
Opportunities of profitable investments in the future. Real options: the ability to modify investments to suit new information and circumstanceHere are the options of this question:
A) positive and the return on new investment is lower than the cost of equity capital.
B) positive and the return on new investment is greater than the cost of equity capital.
C) negative and the return on new investment is lower than the cost of equity capital.
D) negative and the return on new investment is greater than the cost of equity capital.
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You are interested in purchasing a new automobile that costs $35,000. The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to:
Answers
Answer:
Monthly car payments would be closest to $822
Explanation:
Use the following formula to calculate the monthly car payment
PV of Annuity = Annuity Payment x ( 1 - ( 1 + interest rate )^-Numbers of periods ) / Interest rates
Where
Interest rate = 0.5% per month
Numbers of periods = 48 months
PV of Annuity = $35,000
Annuity Payment = Monthly car payment = ?
Placing values in the formula
$35,000 = Monthly Payment x ( 1 - ( 1 + 0.5% )^-48 ) / 0.5%
$35,000 = Monthly Payment x 42.58031778
Monthly Payment = $35,000 / 42.58031778
Monthly Payment = $821.9760167
Monthly Payment = $821.98 ( Rounded to two decimal number )
Monthly Payment = $822 ( Rounde to dollar value )
In May of 2018, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2018, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable. The additional penalties were estimated to be $764,000 but could be as high as $1,158,000. After the year-end, but before the 2018 financial statements were issued, Raymond accepted an EPA settlement offer of $888,000. Raymond should have reported an accrued liability on its December 31, 2018, balance sheet of:
Answers
Answer:
$888,000
Explanation:
Contingent liabilities must only be recorded in the financial statements if they are likely probable and they can be quantified. If they are only possible, or they cannot be quantified, then they must be disclosed but not recorded. If they are not possible to happen, then nothing should be done.
In this case, the agreement was reached before the financial statements were finished, adjustments are always made after December 31. So, the balance should include this agreement since it is both probable and it includes a definite quantity.
You have just won the lottery. You have two payout options. First, you can agree to take 30 equal annual payments, with the first payment to be made today at Year 0 and the last payment to be made at Year 29. Alternatively, using an effective annual rate of 6.0 percent, the lottery is willing to convert the annual payments into an equivalent lump sum payment today of $7,295,360.51. You have no immediate need for this money and plan to simply invest and hold the money until Year 45, and believe that you can earn an effective annual rate of 9.75 percent over each of the next 45 years. Looking at your possible ending values at Year 45, you should be able to determine that you will be better off taking the lump sum value today rather than taking the yearly cash flows. Given this information, determine the difference in dollar values at Year 45 between the two options.
Answers
Answer:
The difference in dollar value between option 2 (taking yearly cash flows) and option 1 (taking a lump sump) is USD 490,959,268.96. Therefore, you are better off with taking yearly cash flows which you can invest in a rate of 9.75% to get a larger sum of money at Year 45
Explanation:
Solving this is relatively simply. All you have to do is calculate the dollar amount available to you 45 years later under each of the two options.
So, in option 1, you have 7,295,360.51 available today. Using the future value formula, i.e FV= PV x (1+r)^n.
Where PV is equal to 7,295,360.51
R is equal to 9.75%
N is equal to 45
You will have USD 480,010,302.91 at year 45.
Now the calculation for option 2 is slightly lengthier.
First we calculate the total value of the lottery. We have the present value, the interest rate and the number of periods. Again, we use the FV formula and calculate value at year 30 as 41,900,838.69. We used this calculation because that's how the lottery calculated the figure of 7.3 Mn as todays lump sum amount. All they did was discount the lottery amount 30 years at a rate of 6%. We used the same formula to derived the lottery sum that they used.
Now, we will get equal installments each year up till year 29 which means (just divide the lottery amount by 30 years) we will get USD 1,396,694.62 each year till year 29. For each year's cash flow, we will calculate the future value at year 45. The formula will remain the same. Only the number of periods will change. So for example, at year 0, we will use the number of periods in our FV formula as 45. Whereas at the last installment date i.e. year 29, we will use 16 as the number of periods left till year 45. Once we have values for all periods, simply sum them up which will produce a value of USD 970,969,571.87 which is the the sum available to us in option 2.
As we can see, simply subtract the sum in option 1 from option 2 which indicates that we are better off under option 1 by a whopping USD 490 Mn!
10. Calculate the future value of $2000 in a. 5 years at an interest rate of 5% per year. b. 10 years at an interest rate of 5% per year. c. 5 years at an interest rate of 10% per year. d. Why is the amount of interest earned in part(a) less than half the amount of interest earned in part (b)
Answers
Answer and Explanation:
The computation is shown below;
Given that,
Principal = P = $2000
As we know that
Future value (FV) = P × (1 + R)^n
here,
R = Rate of interest,
N = no of years
Now
A) N = 5, R = 5% = 0.05
FV = $2,000 × (1.05)^5
= $2,553
The Interest earned is
= $2,553 - $2,000
= $553
B) N = 10, R = 5% = 0.05
FV = $2,000 × (1.05)^10
= $3,258
The Interest earned is
= $3,258 - $2,000
= $1,258
C) N = 5, R = 10% = 0.10
FV = $2,000 × (1.10)^5
= $3,221
D) Option A
As in the part B the time period is 10 years as compared with the part A i.e. 5 years having the interest rate same
Also the cumulative interest would be greather than double as compared with part A
Stock Z has an expected return of 12% with a standard deviation of 8%. If returns are normally distributed, then approximately two-thirds of the time the return on stock Z will be Group of answer choices between 12% and 20%. between 4% and 20%. between 8% and 12%. between -4% and 28%.
Answers
Answer:
between 4% and 20%
Explanation:
Given that :
Expected return = 12%
Standard deviation = 8%
The return on stock Z can be calculated thus
Interval = expected return ± standard deviation
Lower boundary = 12% - 8% = 4%
Upper boundary = 12% + 8% = 20%
Hence, return on stock Z will be between 4% and 20%
The inventory of Whispering Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizable Value 110 640 $115.00 $121.00 111 950 72.60 63.00 112 460 96.80 92.00 113 210 205.70 217.80 120 360 248.00 252.00 121 a 1,600 19.00 1.00 122 310 290.40 284.00 a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.
Answers
Answer:
a. the ending inventory is $397,887
Explanation:
The computation of the inventory by the LCNRV Method is as follows;
As we know that the inventory should be reported at lower cost or net realizable value
So according to the given situation , the inventory based on LCNRV method to each item is $397,887
Hence, the ending inventory is $397,887
For calculation kindly see the attachment below:
Financial statements of Kansas Ltd (Fr) for 2X13 are authorized by management and auditors on February 15, 2X13 for issuance on February 28, 2X13. On February 20, Kansas settles as a plaintiff (payer of settlement) a 5 million Euro lawsuit. CFO of Kansas Ltd (Fr) makes a second decision regarding the presentation of the financial statements and decides this settlement does not need to be recognized in 2X13. He is:
Answers
Answer:
a) In compliance with the IFRS
Explanation:
Since in the question it is mentioned that The financial statement of kansas ltd would be authorized by the management and auditors as on Feb 15 fpr issuance. On Feb 20 it settled as a plaintiff a 5 million euro lawsuit. Now the CFO of the company have make the second decision regarding the financial statement presentation in which he decides not to record this settlement so here is in compliance with the IFRS
Therefore the option A is correct
Assume that Beaver uses the periodic system, and the end of period ending inventory for January is 110 units. a. Prepare all necessary journal entries to record the transactions above including end-of-month closing entry to record cost of goods sold.
Answers
Answer:
Part 1 a
jan 4
Debit ; Accounts Receivable (80 x $8.00) $640
Credit : Revenue $640
jan 11
Debit ; Purchases (150 x $6) $900
Credit : Accounts Payable $900
jan 13
Debit ; Accounts Receivable (120 x $8.75) $1,050
Credit : Revenue $1,050
jan 20
Debit ; Purchases (160 x $7) $1,120
Credit : Accounts Payable $1,120
jan 27
Debit ; Accounts Receivable (100 x $9.00) $900
Credit : Revenue $900
jan 31
Debit ; Cost of Sales (100 x $5 + 150 x $6 + 160 x $7) $2,520
Credit : Inventory $2,520
Part 1 b
Gross Profit = Sales - Cost of Sales
Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590
Cost of Sales = (100 x $5 + 150 x $6 + 160 x $7) = $2,520
Therefore,
Gross Profit = $2,590 - $2,520
= $70
Part 2 a
jan 4
Debit ; Accounts Receivable (80 x $8.00) $640
Debit : Cost of Sales (80 x $5.00) $400
Credit : Revenue (80 x $8.00) $640
Credit : Inventory (80 x $5.00) $400
jan 11
Debit ; Purchases (150 x $6) $900
Credit : Accounts Payable $900
jan 13
Debit ; Accounts Receivable (120 x $8.75) $1,050
Debit : Cost of Sales (20 x $5.00 + 100 x $6) $700
Credit : Revenue (120 x $8.75) $1,050
Credit : Inventory (20 x $5.00 + 100 x $6) $700
jan 20
Debit ; Purchases (160 x $7) $1,120
Credit : Accounts Payable $1,120
jan 27
Debit ; Accounts Receivable (100 x $9.00) $900
Debit : Cost of Sales (50 x $6.00 + 50 x $7) $650
Credit : Revenue (100 x $9.00) $900
Credit : Inventory (50 x $6.00 + 50 x $7) $650
Part 2 b
Gross Profit = Sales - Cost of Sales
Sales = ( 80 x $8.00 + 120 x $8.75 + 100 x $9.00) = $2,590
Cost of Sales = ($400 + $700 + $650) = $1,750
Therefore,
Gross Profit = $2,590 - $1,750
= $840
Explanation:
Hie, see the attached the full question as images below
Part 1
Note that the question in this part requires us to use the Periodic Inventory System. In Periodic Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the end of the Period, in this case at the end of the month of January.
Part 2
Again it is important to note that the question in this part requires us to use the Perpetual Inventory System. In Perpetual Inventory system, Inventory Valuation and calculation of Cost of Goods Sold is done at the after each and every transaction made.
Overall Comment
The Company use of FIFO should be considered in both the Periodic Inventory System in Part 1 and Perpetual Inventory System in Part 2. FIFO method assumes that the first goods received by the business will be the first ones to be delivered to the final customer.
That said, Cost of Sales for Part 1 are determined and recognized at the end of the period and Cost of Sales for Part 2 are determined and recognized after every sale transaction made
Hank's Tax Planning Service started business in January 2016. The company rented an office for $1,800 per month starting from January 1, 2016. On that day, Hank prepaid the rent through June 30. The company makes adjusting entries at the end of each month. What is the balance in the Prepaid Rent account as of April 30, 2016?
Answers
Answer:
$3,600
Explanation:
Rent per month is $1800
The company prepaid rent for six months. The amount paid was
=$1800 x 6
=$10,800
Between Jan and April 30, the company has made four adjustments to cater for the four months.
Total amount adjusted
=$1800 x 4
=$7,200
The balance will be
=$10,800 - $7,200
=$3,600
The selling price of a particular product is $7.00 per unit, fixed costs total $18,000, and the breakeven sales in dollars is $24,000. What would be the variable expense per unit
Answers
Answer:Variable cost per unit = $1.75
Explanation:
Break even in dollars is calculated using Fixed Expense/ Contribution Margin Ratio
therefore
Contribution margin Ratio =Fixed expenses/Break even in dollar
= $18,000 / $24,000
= 0.75
Contribution Margin =Sales × Contribution Margin Ratio
$7 x 0.75=$5.25
Variable cost per unit = Sales - Contribution margin
=$7.00 - $5.25
Variable cost per unit = $1.75
The variable expense per unit will be $1.75.
Break even unit is derived through {Fixed Expense/ Contribution Margin Ratio}
Contribution margin Ratio = Fixed expenses/Break even in dollar
Contribution margin Ratio = $18,000 / $24,000
Contribution margin Ratio = 0.75
Contribution Margin = Sales * Contribution Margin Ratio
Contribution Margin = $7 * 0.75
Contribution Margin = $5.25
Hence, we can derive the variable cost per unit through {Sales - Contribution margin}
Variable cost per unit = $7.00 - $5.25
Variable cost per unit = $1.75
Therefore, the variable expense per unit will be $1.75.
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A firm that decides to emphasize those goods with the highest contribution margin per unit may have made an incorrect decision when the company: is highly automated. has a high level of sunk costs. has capacity constraints in the form of limited resources. has excess capacity. has a high fixed-cost structure.
Answers
Answer:
Has capacity constraints in the form of limited resources
Explanation:
When the company has capacity constraints in the form of limited resources they should prioritize those goods with highest contribution margin per unit of the limiting factor instead of goods with the highest contribution margin per unit. This ensures that resources are distributed first to where they are more profitable.
Therefore, A firm that decides to emphasize those goods with the highest contribution margin per unit may have made an incorrect decision when the company has capacity constraints in the form of limited resources.
A business will want to borrow to undertake an investment project when the rate of return on that project is:
Answers
Answer:
B) higher than the interest rate.
Explanation:
In the case when the business wants to borrow for a project so the rate of return would be greater than the rate of interest
And in the case when the rate of interest is lesser than the expected return so the investment would look attractive due to this there is a rise in the borrowing for that investment
Hence, the option b is correct
If Orange, Inc. uses direct labor hours to assign overhead, the unit product cost for Product X will be: $180.00. $80.00.
Answers
Answer:
$24,200
Explanation:
Hie, i have attached the full question as images below
When determining Product Costs we consider all Manufacturing Costs of a Product. This means we Consider both the Variable Manufacturing Costs such as Direct Materials and Direct Labor as well as Fixed Manufacturing Costs such as Lighting and Water.
The Fixed Costs are not traced directly to Products so we allocate them using surrogates (or cost drivers) in our case, we have been instructed to use direct labors to assign overheads (Fixed Costs)
Calculation of Product Cost for Product X
Direct Materials $6,600
Direct Labor $4,600
Overheads ($264,000 /2,000 x 100) $13,200
Total $24,200
Vaughn Manufacturing purchased machinery for $980000 on January 1, 2017. Straight-line depreciation has been recorded based on a $56500 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $20000. How much cash did Vaughn receive from the sale of the machinery
Answers
Answer:
selling price= $199,633
Explanation:
First, we need to calculate the book value at the moment of the sale:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (980,000 - 56,500) / 5
Annual depreciation= $184,700
Accumulated depreciation= (4*184,700) + (184,700/12)*4
Accumulated depreciation= $800,367
Book value on May 1st:
Book value= purchase price - accumulated depreciation
Book value= 980,000 - 800,367
Book value= $179,633
Now, if the company makes a profit, the selling price was higher than the book value:
Gain= selling price - book value
20,000= selling price - 179,633
selling price= $199,633
Gi Gi's Bakery has total assets of $451 million. Its total liabilities are $123 million. Its equity is $328 million. Calculate the debt ratio.
Answers
Answer:
27.27%
Explanation:
With regards to the above, the formula for debt ratio is
= Total liabilities ÷ Total assets
Given that;
Total liabilities = $123 million
Total assets = $451 million
Debt ratio = $123 million ÷ $451 million
Debt ratio = 0.27272727
Debt ratio is 27.27%
Therefore, the debt ratio is 27.27%
4. Should fringe benefits provided by your employer (health care, dental, contributions to your retirement plan) be counted in GDP
Answers
Answer:
Yes
Explanation:
Yes, it should be counted in the GDP. Mainly because the GDP revolves around measuring the total income earned and spend from products or services. When you work for an employer you are receiving income from that employer and benefits would also be considered part of your income. Even though these benefits are being paid by your employer they are still considered income, and you would still be paying for these services yourself if the employer was not paying them. Therefore, it would make sense that it is included as received income and counted towards the GDP.
What is the total manufacturing overhead assigned to the current order for Men's Razors if the firm uses a volume-based plant wide overhead rate based on direct labor dollars
Answers
Answer:
$7,200
Explanation:
The computation of the total manufacturing overhead assigned is shown below:
= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368
= 375% per direct-labor dollar.
Now
= $514,368 ÷ 8,037
= $64 per DL hour.
And,
= $64 × 30 direct labor hours
= $1920.
So,
Manufacturing overhead is
= 1920 × 375%
= $7,200
The Ridgemont Company issues $20,000,000, 7.8%, 20-year bonds on 1/1/18. Interest is paid on June 30 and December 31. Effective rate is 8%. The bonds sold for $19,604,145. Using effective-interest amortization, what is the 2018 Interest Expense
Answers
Answer:
The 2018 Interest Expenseis $1,568,498
Explanation:
As the bond is issued at discount
Discount on the bond = Face value - Issuance value = $20,000,000 - $19,604,145 = $395,855
The discount will be amortized and added to the interest payment to calculate the interest expense
The Interest Expense is calculated as follow
Interest expense = Interest payment in the period + Discount amortization
June 30, 2018
Interest payment = Face value x Coupo rate x semiannual fraction = $20,000,000 x 7.8% x 6/12 = $780,000
Discount amortization = ( Bond carrying value x Effective rate x semiannual fraction ) - Interest payment = ( $19,604,145 x 8% x 6/12 ) - $780,000 = $784,165.80 - $780,000 = $4,165.80 = $4,166
Interest expense = $780,000 + $4,166 = $784,166
Bond's Caryying value = $19,604,145 + $4,166 = $19,608,311
December 31, 2018
Discount amortization = ( Bond carrying value x Effective rate x semiannual fraction ) - Interest payment = ( $19,608,311 x 8% x 6/12 ) - $780,000 = $784,332 - $780,000 = $4,332
Interest expense = $780,000 + $4,332 = $784,332
2018
Interest expense = Interest expense on June 30, 2018 + Interest expense on December 31, 2018 = $784,166 + $784,332 = $1,568,498
Choose a real or made up company abd desvribe at least 3 variable costs the company has.
Answers
Answer:
The three main variable costs of any company are:
Raw materials or components that are proportional to the number of units produced. For example, if you need 2 pounds of materials to produce 1 unit of good X and you produce 100 units, your total materials will be 200 pounds.
Direct labor which is proportional to the number of hours worked. For example, if you need 0.5 hours of labor to produce 1 unit of good X and you produce 100 units, your total direct labor will be 50 hours.
Sales commissions which are paid as a percentage of total sales closed by your salesforce. For example, each salesperson earns $10 per unit of good X sold, and 100 units are sold, the salesperson will earn $1,000.
Answer:
Dominos is a company that has many variable costs. Some examples include flour, cheese, and tomatoes.
Explanation:
if we did put a price on natural attributes and ecological services, what would that do to consumer prices of materials
Answers
Answer: It underpins a lot of other benefits.
Explanation:
Due to the benefits that are underpinned when prices are attached to natural attributes and ecological services, it is not advisable to put a price on them. There is no single way of valuing something such as water, also biodiversity is difficult to price due to it's form of infrastructure
Various attributes of ecological services.
With the different prices on the natural attributes and the ecological services that people tend to give value to each service and the products differently.
Thus consumer would be most benefited.
The ecological services are those that help us live life easier and maintain the balance of nature.The costs of each service or goods would benefit the clients.The natural attributes are the fresh water and other aspects like sunlight, the rain, the fresh air, etc. Would all benefit the consumer at several points.Learn more about the natural attributes and ecological services.
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If income increases by 10% and, in response, the quantity of housing demanded increases by 7%, then the income elasticity of demand for housing is A) -1. B) -0.7.
Answers
Answer:
the income elasticity of demand is 0.7
Explanation:
The computation of the income elasticity of demand is shown below:
As we know that
Income elasticity of demand is
= Percentage change in quantity demanded ÷ Percentage change in income
= 7 ÷ 10
= 0.7
hence, the income elasticity of demand is 0.7
The same is relevant
Roberto Corporation was organized on January 1, 2018. The firm was authorized to issue 87,000 shares of $5 par common stock. During 2018, Roberto had the following transactions relating to shareholders' equity: Issued 10,800 shares of common stock at $5.70 per share. Issued 19,800 shares of common stock at $8.70 per share. Reported a net income of $101,000. Paid dividends of $52,000. Purchased 2,700 shares of treasury stock at $10.70 (part of the 19,800 shares issued at $8.70). What is total shareholders' equity at the end of 2018
Answers
Answer:
$259,330
Explanation:
Total shareholders equity are all monies provided by the shareholders including reserves set aside for them. The total shareholders' equity is determined as follows :
Total shareholders' equity = Common Stocks + Retained Earnings
Common Stocks Outstanding Calculation
Issued Shares (1st Issue) (10,800 x $5.70) $61,560
Issued Shares (2nd Issue) ( 19,800 × $8.70) $172,260
Repurchase ( 2,700 × $8.70) ($23,490)
Total Equity $210,330
Retained Earnings Calculation
Opening Balance $ 0
Add Profit for the Year $101,000
Less Dividends ($52,000)
Ending Balance $49,000
Therefore,
Total shareholders' equity = $210,330 + $49,000
= $259,330