Answer:
$3,260
Explanation:
Preparation of December statement of cash flows for Ernst Consulting
ERNST CONSULTING Income Statement
For Month Ended October 31
REVENUES
Consulting fees earned $17,450
Total revenues $17,450
EXPENSES
Rent expense $4,530
Salaries expense $8,090
Telephone expense $880
Miscellaneous expenses $690
Total expenses $14,190
Net income $3,260
($17,450-$14,190)
Therefore December statement of cash flows for Ernst Consulting will be $3,260
The reason of choosing of investment with high risk instead of one with low risk because the high risks stocks, bonds are having more returns as compared to low risks, especially long term stocks.
<h3>What is high risk investment?</h3>
High risk investment is the one who have high chance of loss of capital or under-performance or have a great percentage of amount invested in some stocks.
Some high risk investments are Cryptocurrency, Individual Stocks, Initial Public Offerings, Venture Capital or Angel Investing, Real Estate and others.
Thus, The reason of choosing of investment with high risk instead of one with low risk
For more details about high risk investment, click here:
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Answer:
Total producer surplus= $30
Explanation:
Producer surplus is the difference between the price a seller is willing to sell and the market price or actual price at which the item is bought. The producer surplus is the additional benefit the seller gets from a sale.
Consumer surplus= Market price - Price seller is willing to sell for
Marco is willing to sell at $15 hour
Kelly is willing to pay $30 per hour
Mike is willing to pay $20 per hour
Surplus from Kelly= 30- 15= $15
Surplus from Mike= 20- 15= $5
Total producer surplus= ($15*1 hour) + ($5 *3 hours)
Total producer surplus= 15 + 15= $30
Answer:
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Explanation:
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Answer:
A. Debit Compensation Expense $10,000,000
Credit PIC-Excess Par $10,000,000
Explanation:
The total cost of the stock options granted is allocated to the respective years in which the stock compensation relates as below:
Total stock compensation=market value per share on grant date*number of stock options
Total stock compensation=$10*5,000,000=$50,000,000
compensation expense allocated per year=$50,000,000/5
compensation expense per year=$10,000,000
