Answer:
The options in the question are not well aligned,find below question with properly aligned options:
A subsistence economy is one that ________.
a. meets its needs without working for wages and purchasing necessities
b. meets its needs by overfishing lakes and rivers
c. purchases resources for immediate use
d. meets is needs while causing ecosystem destruction
e. purchases goods and services from others
Hence the correct option is A,meets its needs without working for wages and purchasing necessities
Explanation:
In a subsistence economy,every household provides for its own basic needs,without any need for specialization that leads to exchange.
Specialization is act of engaging in what one knows how to do best, that way efficiency and effectiveness are guaranteed, as every output would have been given a professional touch.
Exchange is the process by which individuals buys their needs from others using money earned from their own specialty as a medium of exchange
Answer: C) A debit of $200,000.
Explanation:
In 2018, Hawk sold all the Diamond Investment bonds at $700.
The amount of reclassification adjustment would be;
= Sales price - original purchase price
= (1,000 * 700) - (1,000 * 500)
= $200,000
The amount should be debited to reverse the gains recorded over the other years.
Answer:
Number of units needed to reach the operating income of 80,000: 5,200 units
Explanation:
Please find the below for detailed calculations and explanations:
To achieve $80,000 of operating income, denote the number of units needs to be sold is x.
For each unit sold, the incremental in profit will be 20.
Thus, to achieve the profit of 80,000, the amount of x units sold will generate the profit before fixed cost that covers 24,000 fixed cost and 80,000 targeted profit. So, we have:
80,000 + 24,000 = 20x <=> x = 5,200 units.
* For quick calculation purpose, we may apply the formular: Units need to be sold to achieve targeted income = (Fixed cost + targeted income)/ Contribution margin per unit in monetary form.
Answer:
11.57 is the book value per share.
Explanation:
Given: Total common equity= $2050000.
Total number of outstanding shares= 190000
Net Income= $250000
Dividend paid out= $100000.
We know the formula for finding book value per share at 12/31/2015.
Book value per share= 
First, lets find out accumulated earning.
Accumulated earning= 
Accumulated earning= 
∴Accumulated earning= $ 150000.
Now, Book value per share= 
⇒ Book value per share= 
∴ Book value per share= $11.57.
Answer:
Following are the solution to the given questions:
Explanation:
Please find the complete question in the attached file.
In this question, the Stinsons would prefer the most profitable alternative
Formula:
In point A:
In point B:
In point C:
