Which influential washington interest group has a membership of 40 million?

Chicken and tuna fish are substitutes in consumption. Suppose that new technology decreases the cost of catching tuna. This woul

mihalych1998 [28]

Answer:

B. a decrease; a decrease

Explanation:

Substitutes' goods are products that can be consumed in place of each other. If one product is missing, consumers will be ready and willing to buy its substitute. An increase or fall in the price of a good or services will cause the demand for its substitute to move in the opposite direction.

Equilibrium quantity is when supply matches the demand. If the price of Tuna fish decreases, its demand will increase as more customers will afford it. Tuna and chicken are substitutes, should the price of Tuna decrease, customers will prefer to consume Tuna over chicken. Consequently, the demand for chicken will reduce w leading to a decrease in its price.

6 0

3 years ago

At April 30, partners’ capital balances in PDL Company are G. Donley $52,000, C. Lamar $48,000, and J. Pinkston $18,000. The inc

slamgirl [31]

Answer:

See the explanation below

Explanation:

(1) Terrell purchases 50% of Pinkston’s ownership interest by paying Pinkston $16,000 in cash.

Amount to debit and credit = $18,000 × 50% = $9,000

Debit: Pinkston's capital account - $9,000

Credit: Terrell's Capital account - $9,000

Being the purchase of ownership interest from Pinkston by Terrell

Note that the $16,000 paid by Terrell to Pinkston does not affect the partnership since it is an indirect transaction.

(2) Terrell purchases 331/3% of Lamar’s ownership interest by paying Lamar $15,000 in cash.

Amount to debit and credit = $52,000 × 331/3% = $17,333

Debit: Lamar's capital account - $16,667

Credit: Terrell's Capital account - $16,667

Being the purchase of ownership interest from Lamar by Terrell

Note that the $15,000 paid by Terrell to Lamar does not affect the partnership since it is an indirect transaction.

(3) Terrell invests $62,000 for a 30% ownership interest, and bonuses are given to the old partners.

Terrel's Capital = ($52,000 + $48,000 + $18,000 + $62,000) × 30% = $54,000

Bonus paid to old partners = $62,000 - $54,000 = $8,000

Donley's Capital = $8,000 × (5 ÷ 10) = $4,000

Lamar Capital = $8,000 × (4 ÷ 10) = $3,200

Pinkston Capital = $8,000 × (1 ÷ 10) = $800

The entries are therefore as follows:

Debit: Cash - $62,000

Credit: Terrel's Capital - $54,000

Credit: Donley's Capital - $4,000

Credit: Lamar's Capital - $3,200

Credit: Pinkston's Capital - $800

Being the purchase of ownership interest by Terrel and bonus shared to old partners.

(4) Terrell invests $42,000 for a 30% ownership interest, which includes a bonus to the new partner.

Terrel's Capital = ($52,000 + $48,000 + $18,000 + $42,000) × 30% = $48,000

New partner's bonus = $48,000 - $42,000 = $6,000

Donley's Capital = $6,000 × (5 ÷ 10) = $3,000

Lamar's Capital = $6,000 * 4/10 = $2,400

Pinkston's Capital = $6,000 * 1/10 = $600

The entries are therefore as follows:

Debit: Cash - $42,000

Debit: Donley's Capital - $3,000

Debit: Lamar's Capital - $2,400

Debit: Pinkston's Capital - $600

Credit: Terrel's Capital - $48,000

Being the purchase of ownership interest by Terrel and bonus from old partners to him.

5 0

3 years ago

Janelle is very innovative and attentive to detail. As she starts her own company, she leads her employees and ensures that ever

OleMash [197]

Answer: Stage 3- Success stage.

Explanation:

Businesses are different in capacity and size for growth and are characterized by different organization structures, independence of action, and varied management styles.

The success stage is the stage at which companies seek whether to exploit their accomplishments and expand or rather enhance the stability of the company stable and profit. The main issue is to use the firm as an avenue for growth or means of support for the owners as they engage in complete or partial disengagement from the firm. During this stage, as the company grows, employers are more interested in the product and its growth.

5 0

3 years ago

Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same

Arte-miy333 [17]

Answer:

Fatboy Screamer Total

Direct labor . $ 2,000,000 $ 4,000,000 $ 6,000,000

Indirect materials . $600,000 $1,200,000 $1,800,000

Other overhead . $1,400,000 $2,800,000 $4,200,000

Materials cost . $4,000,000 $12,000,000 $16,000,000

Total cost . $8,000,000 $20,000,000 $28,000,000

Number of units . 2,000 4,000 6,000

Unit cost . $4,000 $5,000 $4,667

Explanation:

Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).

7 0

3 years ago

Leasing is often referred to as off-balance-sheet financing because of the way that the transaction is treated and reported in f

Trava [24]

Solution :

Part 1

a). According to the $\text{ FASB-issued statement}$ 13 :

The Assets that are leased under the capital leases or the financial should be reported as the fixed assets on balance sheet.

b). False, the payments on the financial lease should not be treated as the operating expense.

Part 2

1. The debt ratio = $\frac{2400}{6000}$

= 0.40

2. The total debt in the balance sheet is 2400 + 800 = $ 3200 whereas debt ratio will change to 0.4706

3. Debt ratio of the company will remain same as the lease will not be capitalized.

4. The financial risk of the company will be less under the the lease agreement as compared $\text{to the financial risk in purchasing the equipment }$ by taking the loan.

5. However, when lease is capitalized, financial risk under lease agreement will remain same as $\text{compared to the risk in buying the equipment.}$

7 0

3 years ago