I think the answer is C. :)
Answer: $16.60
Explanation:
The following information can be gotten from the question:
Total common equity = $4,050,000 Shares of stock outstanding = 265,000
Net Income = $450,000
Dividends = $100,000
Based on the information given, the book value per share will be calculated as:
(Total common equity + Net income - Dividends) / Outstanding shares
= ($4,050,000 + $450,000 - $100,000) / 265,000
= $4,400,000 / 265,000
= $16.60
Answer:
$2,925 Unfavorable
Explanation:
The computation of direct labor rate variance is shown below:-
Actual rate = Direct labor cost ÷ Actual direct labor hours
= $5,250 ÷ 150
= 35
Direct labor rate variance = (Selling rate - Actual rate) × Actual hours rate
= ($15.50 - 35) × 150
= -$19.5 × 150
= $2,925 Unfavorable
Therefore for computing the direct labor rate variance we simply applied the above formula.
Answer:
Information Age and labor saving innovation in manufacturing.
Explanation:
The Service economy can be defined as the economy which centers at giving the service than producing goods. A country that provides a service economy is able to earn more from the service sector than other sectors such as manufacturers.
The investment in the service economy is cheaper than other sectors and is comprised of <u>freelancers and entrepreneurs such as doctors, lawyers, professors, etc.</u>
<u>The factor that has led to this shift in countries to a service economy is because of the increase in demand for services in education and Information Technology. And also because of the labor-saving innovations</u>.
Thus the correct answer is the first option.
Answer:Equity multiplier=1.6
Explanation:
Debt equity ratio is given as debt/equity , Therefore
Debt = Debt equity ratio X Equity
=0.60 x $486,000
= $291,600
The Total assets given as Liability(debt+equity) will now be
=$291,600+$486,000
=$777,600.
Therefore Equity multiplier, Total assets/Total equity
=(777,600/486,000)=1.6
