Answer: project
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Answer:Shareholder's equity =$264,820
Explanation:
Purcahse of treasury stock =Shares purchased×price purchased
=3,500 shares×$11.70 per share
=$40,950
Shareholder's equity =Equity capital+Net income−
Dividend−Treasury stock
Given
Net income = $98,000
Dividends =$41,000
but Equity capital =Shares issued× the Issued price +
Shares issued× the Issued price +....
= 10,800 x $5.70 + 19,300 x 9.70=61,560 + 187,210=$248,770
Shareholder's equity = $248,770 + $98,000 - $41,000 -$40,950= $264,820.
Answer:
c. Income elasticity is 69 and the good is an inferior good.
Explanation:
Income elascitiy = percentage change in quantity demanded / percentage change in income
9% / 13% = 0.69 = 69%
An inferior good is a good whose demand falls when income increases and whose demand increases when income falls. When sunnys income increased, she reduced her demand for hamburgers.
A normal good is a good whose demand increases when income increases.
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
I hope my answer helps you
Answer:
$300
Explanation:
The economic cost is the sum of implicit cost and explicit cost.The implicit cost is the cost by implication, which is the cost of alternative forgone.
The explicit cost is the actual cost requiring actual cash flow in settling it.
Economic cost=cost of new kindle+cost of alternative forgone(new pair of boots)
Economic cost=$150+$150
The explicit cost is also the cost incurred from accounting point of view
