When economic profits in an industry are zero: Select one:

On November 27, 2007, The Dow Jones Industrial Average closed at 12,958.44, which was up 215.04 that day. What was the return (i

BARSIC [14]

Answer:

D. + 1.69 %

Explanation:

To determine which is the correct answer to the question, we have to first evaluate whether the DOW was up or down for the day. The question provides the info that it was up 215.04 on that day. So automatically, the answer options A and C are eliminated since they represent negative changes.

To determine the percentage increase, we have to find out the prior day closing of the DOW, this is found out by subtracting the days' gain from the total level.

12,958.44 - 215.04 = 12,743.40

the gain for the day of 215.04 on the base figure represents the % gain.

215.04 / 12743.40 = 1.69 %

4 0

3 years ago

Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depres

xz_007 [3.2K]

Answer:

$ 320,000

Explanation:

The expected profit of the jewelery can be calculated by Hope, a statistical concept that consists of the sum of the product of each probability of exit of the experience by its respective value.

Thus, the expected profit of the jewelry store will be: $ 320,000

Hope [(0.4) x 400,000 + (0.3) x 300,000 + (0.2) x100,000 + (0.1) x 500,000)] = 160,000 + 90,000 + 20,000 + 50,000 = $ 320,000

8 0

3 years ago

Read 2 more answers

Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional

Murrr4er [49]

<h2>Answer:</h2><h3>1)One employee may have more deductions than the other employee, such as a larger number of dependents, or may be choosing to pay more of her paycheck into Social Security. </h3><h3 /><h3>2)Hourly Gross Pay is calculated by multiplying the number of hours worked in the pay period times the hourly pay rate. Overtime pay is also included in the gross pay calculation. Gross pay for salaried employees is calculated by dividing the total annual pay for that employee by the number of pay periods in a year.</h3>

4 0

3 years ago

The Cash account of Safety Security Systems reported a balance of $ 2 comma 450 at December 31, 2018. There were outstanding ch

Tanya [424]

Answer:

You can prepare a bank reconciliation by starting with the balance as per the company's books, and undoing all entries that were entered in the books but are not yet reflecting in the bank statement, and then adjusting for all entries that are in the bank statement that were not recorded in the company's books as you would have entered them if given the chance to record them as shown below:

Explanation:

Balance as per cash account 2,450

add back outstanding checks 1,800

less deposit in transit (400)

add receipt from Wayne Brown 530

less service charge (30)

Add interest earned <u> 20 </u>

Balance as per Bank Statement <u> 4,370 </u>

6 0

3 years ago

Prior to liquidating their partnership, Joyce and Xi had capital accounts of $50,000 and $105,000, respectively. Prior to liquid

Iteru [2.4K]

Answer:

Joyce cash distribution = $262500

Explanation:

given data

Joyce capital = $50,000

Xi capital = $105,000

liabilities = $10,000

assets sold = $190,000

to find out

we consider Determine the amount received by Joyce as a final distribution from liquidation of the partnership

solution

we carrying value of non-cash asset prior to liquidation is

value of non-cash asset prior to liquidation = $50,0000 + $105,000 + $10,000

value of non-cash asset prior to liquidation = $615000

so Profit on Liquidation is = value of non-cash asset prior to liquidation - Sale of Asset

Profit on Liquidation is = $615000 - $190,000

Profit on Liquidation is = $ 425000

and here since

Joyce and Xi share income and losses equally

so Joyce share of profit will be

Joyce share of profit = 50% × $ 425000

Joyce share of profit = $212500

and

so Joyce cash distribution will be

Joyce cash distribution = Joyce share of profit + Joyce capital

Joyce cash distribution = $212500 + $50,000

Joyce cash distribution = $262500

4 0

4 years ago