Answer:
$9340
Explanation:
The amount of cash received from customers to be shown under operating activities is computed using the below formula:
Cash from customers=credit sales+decrease in accounts receivable-uncollectible accounts expense
credit sales=$9,120
decrease in accounts receivable=$2,720-$1,760=$960
uncollectible accounts expense=$740
cash received from customers=$9,120+$960-$740
cash received from customers=$9340
Answer:
The ending balance of retained earnings for the company $ 140.000
Explanation:
Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.
Answer: Option (A) is correct.
Explanation:
Price of good A = Price of Good B = $2
Income = $20
Therefore, from the above information, the budget constraint is as follows:
2A + 2B = 20
Both goods have an intercept value of 10 with A=4 & B=6 and the slope of indifference curve shows that marginal rate of substitution (MRS) is falling. This means that as we consume more and more units of a good, the utility obtained from that good decreases.
The utility derived from good B decreases as we consume more and more units of a good, since it is in larger proximity to the intercepts value.
Therefore, the consumer will pay to purchase more of good A as compared to good B at this point.
Answer: $245
Explanation:
If the required return on the stock is 7 percent, the current share price would be calculated as:
= 6.60/1.07 + 17.60/1.07^2 + 22.60/1.07^3 + 4.40/1.07^4 + [(4.4 × 1.0525) / (7%-5.25%)] / 1.07^4
= $245.23
= $245 approximately
Therefore, the current share price will be $245
Adding the target profit to fixed expenses before dividing by the contribution margin ratio
- adding the target profit to fixed expenses before dividing by the unit contribution margin
