Answer:
$ 896,000.00
Explanation:
September $800,000
October $920,000
November $840,000
December $760,000
Payments for November:
30percent purchase for November: = 30/100 x $ 840,000.00
= $ 252,000.00
70 percent payment for the previous month
=70/100 x $ 920,000.00
= 644,000.00
Total payments = $ 252,000 + $ 644,000.00
=$ 896,000.00
1. In the first scenario given above, THE PRODUCT IS NOT HOMOGENEOUS.
Different schools offer different courses at different levels for different categories of students. Each student will have to find the school that is suitable for him. Thus, the products in this market are not the same.
2. In the second scenario given above, THE MARKET MEET ALL THE CRITERIA REQUIRED FOR A COMPETITIVE MARKET.
The product is homogeneous, the buyers are many and the sellers also are many. For a market to be considered competitive, the buyers and the seller must be many, the products must be homogeneous and there must be free entry and exist.<span />
Answer:
a) $550,000
Explanation:
Treasury stock transactions do not affect shares issued, because treasury shares are included in issued shares. The only event during the year affecting the total par value of common stock issued is the July 9 issuance of shares that were not issued before.
The stock split does not change total par of shares issued, because par is cut in half and the number of shares is doubled. Treasury shares are protected, meaning they are also doubled and have their par cut in half. The total par of issued common stock at year-end is $550,000:
$500,000 from January 1
Plus $50,000 from July 9 issuance: 10,000 × $5
Equals $550,000 total par of issued shares.
Source: https://www.brainscape.com/flashcards/dividends-7208677/packs/11475096
Answer:
$262,000
Explanation:
Ending inventory = Goods on Hand + Cost Goods purchased from Marigold Corp + Cost of goods sold to Marigold Corp.
Ending inventory = $215,000 + $27,000 + $20,000
Ending inventory = $262,000
So, the amount that should Swifty report as its December 31 inventory is $262,000.
Answer:
National income
Explanation:
Income method of gross domestic product (GDP) measurement is focused onto the accounting fact that almost all economic spending should be equivalent to the amount of revenue earned by the output of all consumer products and services.
This method also supposes that an economy has 4 major production determinants and all earnings must go to any of these 4 sources. Thus a simple calculation of the gross tangible value of commerce over a span could be made by combining all revenue sources.
Thus, from the above we can conclude that the correct option is C.