Answer:
The investment in Son Corp. should be reported on Pops' December 31, 2018 balance sheet at $1,920,000 ($10 * 192,000).
Explanation:
There is no indication that the fair price of the shares of Son Corp. has changed from its original cost of $10. Therefore, the investment in Son Corp. can only be reported on the balance sheet of Pops' at the cost price on acquisition. But, assuming that the price has fluctuated over the period, the investment would have been valued at the current market price multiplied by the number of shares.
An ethical person is someone who is consistent with their beliefs by their actions and they have empathy for others.
As the wage rate increases, the quantity of labor supplied by an individual worker will raise the quantity of labor supplied through the substitution effect.
For labor supply, the substitution effect is always positive.
It means that a higher wage rate always induces a greater quantity of labor supplied. For any worker, the substitution effect of a wage increament will always reduces the amount of leisure time consumed by him and increases the amount of time which is spent on working.
A higher wage thus produces a positive substitution effect on labor supply.
With the increase in the labor supply the supply curve for labor will move upward.
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Answer:
C. Relevant range of production
Explanation:
Answer: c) $62.11
Explanation:
Value of stock = Next Dividend / (Required return - Growth rate)
First calculate the growth rate;
= Return on Equity * Retention ratio
= 15% * 50%
= 7.5%
Next Dividend = 2.60 * ( 1 + growth rate)
= 2.60 * 1.075
= $2.795
Value of stock = 2.795/ (12% - 7.5%)
= $62.11