Answer:
Check the explanation
Explanation:
a. Gains from being nice = $60
reason: outcome for being nice = $100; outcome for being mean = $40 So the gains from being nice = 100 - 40 = 60
b. Average mean server earnings = $40 (given)
Average nice server earnings = $ 100 (given)
Change in tips per server if all of the servers switch from being mean to being nice = $60 (100 - 40)
c. Individual payoff of my becoming nice = $6
reason: Total number of servers = 10
Change to the tip pool with my change in behavior from mean to nice = $60
My share in this change = 60/ 10 =6
d. 1-I am more likely to be nice when I keep my own tips.
reason: I can keep $100 if I am nice. But in a tip pool, some of the others may be mean. This will bring the pool amount lower, thereby my share may be less than $100. So I prefer to keep my own tips.
Hi, since this is an academic writing activity, I simply provided suggestions and explanations of key terms.
<u>Explanation:</u>
Basically writing an essay involves consulting good written sources of information that discuss the subject. The term accounting changes disclosure basically refers to the requirement for companies to disclose
any changes to its:
- accounting principle,
- accounting estimates, or
- reporting entity.
Citation (reference) is a term used in reasearch to describe a source or a list of sources (published and unpublished) where information or data was consulted and used in the research work.
Answer:
Situation 1 is a probably contingency. This recall is occurring and can be estimated as costing $2 million. This amount should be charge to the warranties payable and warranties expense accounts.
Date
Particulars
Ref.no
Debit $
Credit $
Warrantee expenses
20,00,000
Warranty payable account
20,00,000
[To record the estimated claims]
Comment
Step 3 of 3
Situation 2 is a reasonable contingency. The costs are possible and there are rough estimates for cleanup but there are also rough estimates about reimbursements for property damage. This situation would be disclosed on the balance sheet.
Situation 3 is a remote contingency. There is a small change that there could be property damage but there is no way to determine how much or what the costs could be. There is no amount marked down for this situation
Explanation:
Answer:
The total amount of the cash dividend is $7,125
Explanation:
The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.
Treasury shares are those shares that are bought back by the company that issued the shares.
Use the following formula to calculate the cash dividend
Cash Dividend = Numbers of outstanding shares x Dividend rate
Where
Numbers of outstanding shares = 9,500 shares
Dividend rate = $0.75 per share
Placing values in the formula
Cash Dividend = 9,500 x $0.75 per share
Cash Dividend = $7,125
A manager's operation had sales this period of $89,775. last period sales were $85,500. So the manager's percentage sales increase for this period when compared to last period was 5% .
The percentage increase is the measure of the percentage change. The percentage increase is defined as the ratio of increased value to the original value and then multiplied by 100. Here the increased value can be calculated by taking the difference between the final value and the initial value. The formula to calculate increase is given by -
Percentage Increase = [(Final value – Original value) × 100] / Original value %
In this case, original value is $85500 and the final value is $89775, then the percentage increase is:
Percentage Increase = [(89775-85500) ×100]/85500
= 427500/85500
= 5%
So, the percentage increase will be 5% .
To learn more about percentage increase here
brainly.com/question/23040788
#SPJ4
