<span>The correct answer is d. management does not own a large share of firm stock and pursues its own interests rather than those of shareholders.When management pursues its own interests, there is a conflict with the interest of the shareholders who hired the management in the first place.</span>
<span>(30 * (10*100*6) * .08 ) / 1000 = Cost of electricity is $14.40</span>
Answer:
The correct answer is (B) Income Summary
Explanation:
The income summary is a procedure that allows us to glimpse, globally, all the entries that existed in a period. It provides very valuable generalized information, which lets you know how business, work or some investment is going.
To ensure that our results are accurate, we must close all income and expense accounts, and take stock to obtain our conclusions. If the results have not been favorable, we must make the necessary adjustments so that in the next income summary we can obtain better results.
Answer:
$500 million
Explanation:
Assets - Liabilities
= $750 - ($50+$100+$200+$100)
= $750 million - $450 million
=$300 million
Common stock = $40 million, Retained earnings = $160 miillon
Equity = $160 + $40 + $300 = $500 million
So, best estimate for the firm’s value of equity is $500 million.
