It is important to _____ the victim before calling 911

Economists, as well as courts dealing with antitrust cases, often use which concept to measure whether a firm has monopoly power

VMariaS [17]

They use crossprice elasticity to determine monopoly power. In this case, this is how responsive a change in demand is of one good to the change in price of related good. The more elastic a product is, the more likely the product is to change its demand when another good changes its price.

6 0

3 years ago

You would like to borrow $500,000 to buy a home. The bank offers you a 30 year fully amortizing fixed rate mortgage with a 4% co

taurus [48]

Answer:

The monthly payment is $28,915.05

Explanation:

Loan amount: $500,000

Loan tenor: 30 years

Loan rate: 4% pa (fixed)

We can use excel to calculate the monthly amortizing payment by formula PMT

= PMT(loan rate,loan tenor, loan amount) = PMT(4%,30,500000)=($28,915.05)

Please see excel attached for the calculation

Download xlsx

6 0

3 years ago

On January 2, 2009, L Co. issued at par $20,000 of 4% bonds convertible in total into 1,000 shares of L's common stock. No bonds

MrRissso [65]

Answer:

The correct answer is $1.2 per share.

Explanation:

According to the scenario, the computation of the given data are as follows:

Interest expense of Bonds = $20,000 × 4% = $800

Now, Interest expense of Bond, After tax = $800 × ( 1 - 50%) = $800 × 0.50

= $400

So, we can calculate the diluted earning by using following formula:

Diluted Earning = (Net income + Interest expense after tax) ÷ Total outstanding shares outstanding

Where, Total outstanding shares = 1,000 shares + 1,000 shares = 2,000 shares

By putting the value, we get

Diluted earning = ($2000 + $400 ) ÷ 2,000

= $1.2 per share

4 0

3 years ago

Marshall's & Co. purchased a corner lot in Eglon City five years ago at a cost of $640,000. The lot was recently appraised a

goldfiish [28.3K]

Answer:

Option (d) is correct.

Explanation:

Given that,

Cost of corner lot = $640,000 (five years ago)

Lot was recently appraised = $810,000

Spent on to grade the lot = $50,000

Spent on to build a small building on the lot = $4,000

Estimated building cost for new retail store = $1.2 million

= $1,200,000

Therefore,

Initial cash flow for this building project:

= Estimated building cost + Appraised value of lot

= $1,200,000 + $810,000

= $2,010,000

3 0

4 years ago

Presented below are two independent situations.Gambino Cosmetics acquired 10% of the 200,000 shares of common stock of Nevins Fa

VLD [36.1K]

Answer:

See the explanation below

Explanation:

(a) Gambino Cosmetics

Since Gambino Cosmetics just 15% which is less than 20% of Nevins Fashion, the cost method for accounting for investments is the relevant method that is used as follows:

Stock investment = 10% * 200,000 * $13 = $260,000

Dividend income = 10% * $60,000 = $6,000

Available-for-sale (AFS) reserve = 10% * $122,000 = $12,000

Date Details Dr ($) Cr ($)

08 Mar. ‘15 Stock investments 260,000

Cash 260,000

To record investment in Nevins Fashion

30 Jun. ‘15 Cash 6,000

Dividend income 6,000

To record dividend income from investment in Nevins Fashion

31 Dec. ’15 Stock investments 12,000

AFS Reserve 12,000

To record share of income in Nevins Fashion

(b) Kanza, Inc.,

Since Kanza, Inc. acquired 40% in Rogan Corporation which is greater than 20%, the equity method for accounting for investments is the relevant method that is used as follows:

Stock investment = 40% * 30,000 * $9 = $108,000

Dividend income = 40% * $30,000 = $12,000

Investment revenue = 40% * $80,000 = $32,000

Date Details Dr ($) Cr ($) 

01 Jan. ‘15 Stock investments 108,000

Cash 108,000

To record investment in Rogan Corporation

15 Jun. ‘15 Cash 12,000

Stock investment 12,000

To record dividend received from investment in Rogan Corporation

31 Dec. ’15 Stock investments 32,000

Investment revenue 32,000

To record share of income in Rogan Corporation

8 0

3 years ago