The difference between the total value of assets and the total value of liabilities is equity. Also known as common equity and owners equity.
Assets represent valuable resources that your company manages. Liabilities represent the company's obligations, while both debt and equity represent how the company's assets are financed.
The sum of the difference between assets and liabilities is equity, which is the remaining net ownership of the company by the owners.
In its simplest form, a balance sheet can be divided into two categories: assets and liabilities. assets are items owned by a company that can provide future economic benefits. A liability is something you owe to another party.
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<span>Speedboat is considered to be a luxury good. Income elasticity is considered to be positive with the level of income which means if the income level is higher then the demand for luxury goods will also be higher. In this case, as the income increases, the demand of speedboat will be increased. Hence, speedboat has a positive relation with income elasticity of demand.</span>
Total investment = $19000
Three investments
A. 10% per annum = $X
(Assumed simple interest, since compounding period not known)
B. low risk stock at 2% = (19000-X)/2
C. high risk stock at 40% = (19000-X)/2
Value at the end of one year
10%(X)+2%(19000-X)/2+40%(19000-X)/2 = 22440-19000
Simplify
0.1X+190-0.01X+3800-0.2X=22400-19000
0.11X=3990-3440
X=550/0.11=5000
So investments are $5000 on private company, (19000-5000)/2=7000 on low risk, and 7000 on high-risk.
Answer:
Explanation: Damaged goods are goods that do not meet up to the required standards of items to be sold and below are ways damaged goods are treated in the books:
1. Damaged goods are included in inventory at their net realizable value.
2. If damaged goods can be sold at a reduced price, they are included in inventory.
3.Damaged goods are not included in inventory if they cannot be sold
4. A loss in value is reported in the period when goods are damaged or become obsolete.
Answer:
Option (b) Decline 20%
Explanation:
Data provided in the question:
Firm X has declared a stock dividend that pays one share of stock for every five shares owned
Therefore,
The increase in number of shares
= [ 1 ÷ 5 ] × 100%
= 20%
Thus,
The earnings per share will decrease by the amount of increase in number of shares i.e decrease by 20%
Hence,
Option (b) Decline 20%
