Answer:
The statement is: False.
Explanation:
While often associated with illegal activity, insider trading encompasses both illegal and legal trading of securities and is monitored by the <em>Securities and Exchange Commission </em>(SEC). Illegal insider trading occurs when a person uses material, non-public information to decide between buying or selling a security.
Legal insider trading takes place when corporate insiders, officers, directors, and employees trade securities issued by their own company. When a corporate insider buys or sells his company's securities, this trading activity must be reported to the SEC, which then discloses this information to the public.
Answer:
0.22 and substitutes goods
Explanation:
The computation of the cross-price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 180,603 - 194,108
= -13,505
And, the average of quantity demanded is
= (180,603 + 194,108) ÷ 2
= 187,356
Change in price is
= P2 - P1
= $2.43 - $3.36
= -$0.93
And, the average of price is
= ($2.43 + $3.36) ÷ 2
= 2.895
So, after solving this, the cross - price elasticity is 0.22
Since the cross - price elasticity is positive that reflect the goods are substitutes to each other
Answer:
1, Compass Point Wireless
Balance sheet (partial)
Current Liabilities: $
Accounts Payable 71,000
Interest Payable 17,000
Salaries Payable 10,500
Unearned Revenue 2,400
Current Portion of Bonds payable 24,000
Total current Liabilities $
124,900
Long term Liabilities $
Mortgage Payable 80,000
Bonds Payable 64,000
Premium on Bonds Payable 10,000
Total long term liabilities $154,000
Total liabilities = Total current Liabilities + Total long term liabilities
= $
124,900 + $154,000
= 278900
2. Debt Stockholders' equity Debt to equity ratio
278,900 160,000 1.74
Note: Debt to equity ratio = Debt / Stockholders' equity
Answer:
Retained earning balance at the end would be = $205,000
Explanation:
Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid
The net income would increase the balance of the retained earnings hence it is added to it.
The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.
So applying this to the question, we have
Retained earning balance at the end would be:
25,000 + 200,000 - 20,000 = $205,000
Retained earning balance at the end would be = $205,000
