Answer:
Net income $55,000
Earnings per common share $0.55
Explanation:
Preparation of a single-step income statement for Starr for 2015.
Starr Co. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2015
REVENUES
Sales revenue $540,000
Total revenues $540,000
EXPENSES:
Cost of goods sold $330,000
Salaries and wages expense $120,000
Income tax expense $25,000
Other operating expenses $10,000
Total expenses $485,000
($330,000+$120,000+$25,000+$10,000)
Net income $55,000
($540,000-$485,000)
Earnings per common share $0.55
($55,000 ÷ 100,000 shares)
Therefore single-step income statement for Starr for 2015 will have a Net income of $55,000 and Earnings per common share of $0.55.
Answer:
South American country should lower price
Explanation:
The elasticity of demand can be computed by finding the derivative of the demand function as D(p)=75-3*p^2
the elasticity of demand=-p*D'(p)/D(p)
D'(p) is the derivative of D(p)
elasticity of demand=-p*d/dp(75-3p^2)/(75-3p^2)
d/dp(75-3p^2)=0-(2*3p^2-1)
=-6p
elasticity of demand=-p*-6p/75-3p^2)
=6p^2/(75-3p^2)
since p=$3
elasticity of demand=6*(3^2)/(75-3(3^2)
=6*9/(75-3*9)
=54/(75-27)
=1.125
Since elastic of demand is greater than 1 , a reduction in price would lead more revenues as more small % change reduction in price would bring about more % increase in quantity demanded
Answer:
D
Explanation:
So you can see progress on your goals why you are doing them. Such as saving 100 dollars a month to get a 1,200 dollar computer at the end of the year.
Answer:
The correct answer is the option True, it would be reasonable.
Explanation:
To begin with, accounting is one of the most importants subjects to have in mind regarding the fact of openning and managing a business, no matter how small or large that firm will be. Moreover, accounting will facilitate the fact of keeping up with everything that goes in and goes out regarding money in the business and to also help the manager to see how well the incomes and outcomes are doing in the balance sheet. Therefore that accounting can help the manager to improve the performance of the business if the information is understood and used properly. Besides, accounting information is obligatorily important when regarding subjects of taxes and legal matters as well.
Secondly, although is important to keep up with the accounting of the business, a small company could not pay too much attention to it and instead focusing in other matters. However, it is very important to understand that to be a master in managing a business and to improve the performance of it, it is very important to give more attention to accounting information with the purpose of understanding the business better.
He needs to add %4 more apple juice because %12 - %8 = %4
