Answer:
it got a little hard to understand at the end but from what read, I'll say it's true...
<u>Calculation of amount of net income (net loss):</u>
The amount of net income (net loss) can be calculated using the formula of retained earnings.
Retained earnings ending balance = Retained earnings beginning balance + net Income – Dividends
We are given that:
Retained earnings ending balance =$439,500
Retained earnings beginning balance= $432,800
Dividends = $20,200
Let’s say Net Income = X
Hence,
Retained earnings ending balance = Retained earnings beginning balance + net Income – Dividends
439500 = 432800+X-20200
439500 = 412600+X
X = 439500-412600 = 26,900
Hence, the Net Income reported by Jasper in the year 2017 is <u>$26,900</u>
Answer:
If the rose bushes were not listed as an exclusion the Buyers have the right to cancel the agreement.
Explanation:
Based on the information provided within the question it can be said that the best scenario for this situation would be If the rose bushes were not listed as an exclusion the Buyers have the right to cancel the agreement. That is because they saw the bushes before making the purchase and if they were not added as an exclusion, meaning that they were not included with the house and would be removed, then they have a valid reason for cancelling.
Answer:
Cost variance = $2000
Schedule variance = $11,000
CPI = 1.0074
SPI = 1.0421
Explanation:
Given that
Earned value = 272000
Actual cost = 270000
Planned cost = 261000
Recall that
Cost variance = EV - AC
= 272000 - 270000
= $2000
Recall again that
Schedule variance = EV - PV
= 272000 - 261000
= $11,000
Again, CPI which is cost performance index
= EV/AC
= 272000/270000
= 1.0074
Lastly, SPI which is schedule performance index
= EV/PV
= 272000/261000
= 1.0421
The price at which equilibrium is reached is known as the equilibrium price. In economics, the equilibrium price is reached when the quantity of a certain product will match the demand of a certain product with regard to price per product. In order to solve for this, you have to compute for quantity demand and quantity supply. After that, you have to graph the line of these two equations and find where these two lines would intersect to find the equilibrium price.