Answer:
Accrued net income is $161,900
Explanation:
The formula to compute accrued net income is shown below:
= Revenue - expenses
where,
Revenue = Cash collected from customers + customers owed the company
= $295,000 + $51,000
= $346,000
And, the expenses equals to
= Cash paid for rent + Cash paid to employees for services rendered during the year + Cash paid for utilities + gas and electric expenses at the end of a year
= $31,000 + $111,000 + $41,000 + $1,100
= $184,100
Now put these values to the above formula
So, the answer would be equal to
= $346,000 - $184,100
= $161,900
<u>Calculation of Edelman's market/book ratio:</u>
The market/book ratio is calculated with the help of following formula:
Market/book ratio = Market price per share / Book value per share
The Book value per share can be calculated as follows;
Book value per share =Common Equity/ Shares of common stock outstanding
= 8,000,000,000 /500,000,000
= 16
Hence ,
Market/book ratio = 25/16 = 1.56
Hence, Edelman's market/book ratio is <u>1.56</u>
Answer:
$4,000
Explanation:
The asset's recovery period is 5 years and the half-year convention applies.
Therefore :
$20,000 ×0.20 = $4,000.
Answer:
b. the price of a good will eventually rise in response to an excess demand for that good.
Explanation:
As more people are willing to purchase the good the price will rise. Because, the supplier can offer up to certain amount given their current production factors thus, this increase in demand is met with an increase of price. In the future this increase in price which generates more producer surplus will make more company’s invest in the business or the current ones will develop new ways of production to produce more and therefore; lowering the price.
