To determine the production level, the monopolist sets marginal cost equal to price.

What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance acc

inessss [21]

Explanation:

The adjusting entry is as follows

On December 31

Insurance expense A/c Dr $5,150

To Prepaid insurance A/c $5,150

(Being the insurance expense is recorded)

It is computed below:

= Balance in prepaid insurance account - unexpired amount

= $9,050 - $3,900

= $5,150

While passing the adjusting entry we debited the insurance expense account and credited the prepaid insurance account

7 0

3 years ago

The owners decide to take the company public through an IPO, issuing additional 1 million new shares. Assuming that they success

Eddi Din [679]

Answer:

15.79% = 300,000 stocks = $14,210,526

Explanation:

The question is incomplete, you are missing the following:

"The founders and owners of a private company have funded it through the following rounds of investment: Round Source Price Number of Shares Class A Self $1.00 200,000 Class B Angel $1.00 300,000 Class C Venture Capital $1.25 400,000"

total number of outstanding stocks after the IPO = 200,000 + 300,000 + 400,000 + 1,000,000 = 1,900,000

angel investors own 300,000 / 1,900,000 = 0.157895 = 15.79%

price earnings ratio = stock price / earnings per stock

EPS = net income / total outstanding stocks = $6,000,000 / 1,900,000 = $3.1579

15 = stock price / $3.1579

stock price = 15 x $3.1579 = $47.3684

angel investors own 300,000 stocks x $47.3684 = $14,210,526

8 0

3 years ago

Consider again the price control described in the last question. Let's assume that the price control

77julia77 [94]

If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.

If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.

<h3>What is a price floor and a price ceiling?</h3>

A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

To learn more about price floor, please check: brainly.com/question/26551616

3 0

2 years ago

Shari is trying to decide how she should use her cash birthday gifts. Her choices are new clothes, a concert ticket, or donating

Sindrei [870]

<u>The answer is "trade-off".</u>

A trade-off is a situational choice that includes reducing or losing one quality, amount or property of a set or configuration as an end-result of increases in different viewpoints. In straightforward terms, a tradeoff is the place one thing increments and another must reduction. Tradeoffs originate from confinements of numerous sources, including basic material science - for example, just a specific volume of articles can fit into a given space, so a full holder must expel a few things keeping in mind the end goal to acknowledge any more, and vessels can convey a couple of substantial things or various little things. Tradeoffs likewise usually allude to various arrangements of a solitary thing, for example, the tuning of strings on a guitar to empower diverse notes to be played, and additionally assignment of time and consideration towards various errands.

5 0

4 years ago

Read 2 more answers

Buying food to feed your family, a lawn mower to care for your lawn, or a car to drive yourself to work are purchases with what

Nata [24]

Answer:

Rational Motive

Explanation:

A rational motive is the willingness to make an action based on logical and rational criteria

4 0

3 years ago