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4 years ago

1. Explain who the Lemon Law protects.

1 answer:

8 0

It's to insure that manufacturers honor their warranties and to reduce the chance that a consumer will be misled about the nature of the purchase.

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Kelley Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred stock for the year 2013

jeka57 [31]

Answer:

a. $1,290,000

b. $3.80

Explanation:

a. The computation of the net income is shown below:

= Net income - preference dividend

= $1,500,000 - $210,000

= $1,290,000

b. The earning per share is shown below:

= (Net income) ÷ (weighted-average shares of common stock)

= ($1,290,000) ÷ (340,000 shares)

= $3.80

Simply we apply the net income formula after considering the preference dividend and then earning per share is computed

5 0

3 years ago

A production department's output for the most recent month consisted of 12,500 units completed and transferred to the next stage

umka21 [38]

Answer:

20,625 units

Explanation:

Calculation for the equivalent units of production

Using this formula

Equivalent units of production=Units completed+Ending work in process inventory

Let plug in the formula

Equivalent units of production=12,500+(12,500×65%)

Equivalent units of production=12,500+8,125

Equivalent units of production=20,625 units

Therefore the equivalent units of production for the month is 20,625 units.

6 0

4 years ago

Why do some consumers tend to favor price controls while others tend to oppose them?

Eddi Din [679]

Answer:

The answer is: B) Price ceilings generate shortages. Consequently, the consumers who obtain the product at a lower price win, but other consumers will lose because they would like to purchase the product but are unable to because of a shortage.

Explanation:

A price ceiling generates shortage because it doesn´t allow an equilibrium point to be reached where demand will equal supply. As the price is artificially set down, there is more demand for the product than what is supplied. That is the result of suppliers not willing or being able to supply enough product due to its low price.

8 0

4 years ago

Name three primary objectives for human resource departments on social media.

icang [17]

Answer:

Three common objectives for HR social media are strong internal social media platforms supporting the corporate culture, building internal social media channels and personas representing employees, and establishing a strong brand name on the main social media platforms supporting the business strategy.

Explanation:

Hope This Helps!

8 0

3 years ago

Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the

Sonbull [250]

Answer:

Mean = 47

Median = 47.38

Standard Deviation = 12.73

Explanation:

Note: You wrote " 40 manufacturing companies, but the total number of companies you actually listed is 75, definitely you meant 75.

Let y represent the range of advertising expenditure, f represent the number of companies, x represent the midpoint of the range of advertising expenditure.

y f x fx fx²

$20 to under $30 9 25 225 5625

$30 to under $40 13 35 455 15925

$40 to under $50 21 45 945 42525

$50 to under $60 18 55 990 54450

$60 to under $70 14 65 910 59150

n = 75 $\sum fx = 3525$