Answer: $7.50
Explanation:
Given that,
Total value = $950 million
Accounts payable = $100 million
Notes payable = $100 million
Long-term debt = $200 million
common equity = $200 million
shares of common stock = 100 million
Value of equity = Value of firm - Value of preferred stock - Value of long term debt.
= $950 million - 0 - $200 million
= $750 million
= $7.50
The value of the ending inventory under variable costing is calculated to be $19,600.
To determine the value of the ending inventory under variable costing we first find out the units in the ending inventory as follows;
Units in ending inventory = Units in beginning inventory + Produced units − Sold units
Units in ending inventory = 0 + 6000 - 4600
Units in ending inventory = 1400
Now the value of the ending inventory under variable costing can be determined by multiplying units in the ending inventory by the variable production cost as follows;
Value of Ending inventory = Unit in ending inventory × Variable production cost
Value of Ending inventory = 1400 × 14
Value of Ending inventory = $19,600
Hence, the value of the ending inventory would be $19,600 under variable costing.
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Answer:
research four other examples of inferior goods.
There are many examples of inferior goods. Inferior goods are al those goods whose demand rises in times of economic recession. Some examples are:
Cheap food substitutes like supermarket coffee, instantaneous ramen, or canned vegetables.
Cheap clothes.
Flights in low-cost airlines.
Consider the impact of economic recessions and expansions on normal goods.
Economic recessions impact normal goods negatively because people have less income to spend, and they opt to substitute the normal goods for inferior goods.
discuss how revenues of inferior goods producers are expected to be affected by economic recessions and expansions.
In economic recessions, revenues for producers of inferior goods are expected to rise because demand for inferior goods grows. However, because inferior goods are precisely cheaper, this does not necessarily mean that every inferior good producer will make a lot of money.
In economic expansions, revenues for producers of inferior goods will fall, because people, with more income, will flock to normal goods or even luxury goods.
Constitutions and, more specifically, anti-discrimination statutes represent public policy about equal employment opportunity (EEO).
These laws are in place at the federal, state, and local levels in the United States.
In terms of the employers or other entities they cover, the specific groups of people they defend, the transactions they regulate, and the kind and scope of legal remedies they offer, EEO laws differ widely from one location to another. When businesses engage employees, the philosophical idea of EEO is implied, at the very least.
WHAT IS AN "OPPORTUNITY" FOR WORK?
U.S. EEO rules forbid discrimination in terms and circumstances of employment on the basis of specified characteristics. As a result, "opportunities" can be found in a variety of employment circumstances, such as:
- both inside and outside.
- application forms for jobs.
- interviewing potential employees.
- pre-employment examinations
- inquiries into backgrounds.
- Hiring.
- Compensation.
- Benefits.
- Employee services or perks (sometimes known as perquisites).
- working circumstances.
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Answer: See explanation
Explanation:
Triton Consulting Income Statement For the Year Ended April 30, 20Y3:
Fees earned 279000
Less: Expenses:
Salary expenses = 242000
Supplies expenses 1650
Depreciation expense. 900
Miscellaneous expenses 2000
Total expense = 246550
Net income 32450
Triton Consulting Balance Sheet April 30, 20Y3
Assets
Current assets
Cash 21500
Account receivable 51150
Supplies 750
Total current asset = 73400
Property, plant and equipments
Office equipment 32000
Accumulated Depreciation 5400
Total property,plant and equipment = 26600
Total asset = 100,000
Liabilities
Current liabilities:
Account payable: 3350
Salary payable: 2000
Total liabilities = 5350
Stockholders equity
Common stock 20000
Retained earnings 74650
Total stockholders equity = 94650
Total liability and stockholders equity = 100,000
