Answer:
=$7,780
Explanation:
Calculating Piper's total wealth from her investment
Piper purchase of Common Stock = 400 Shares
The market price of Rail Car Manufacturing Company= $19.45
The total wealth from her investment
= 400 shares x $19.45
=$7,780
The wealth from investment is usually calculated as the value of the shares bought in the company based on the current market price of that shares at the time they were bought.
Answer:
$0.70 and 3.3
Explanation:
Data provided in the question
Household spending for each additional dollar = $0.70
And, the remaining amount = $0.30
So in the given case,
The marginal propensity to consume (MPC) = household spending for each additional dollar i.e $0.70
And, the Spending multiplier is
= 1 ÷ 1 - MPC
= 1 ÷ 1 - $0.70
= 1 ÷ $0.30
= 3.3
Answer:
$1.2 million
Explanation:
The computation of General's coupon promotion expense in 2022 is shown below:-
But before that we need to do following calcualtions
General's coupon promotion expense in 2021 = Shipped coupons × Redeemable cents × Redeemed Coupon percentage
= 140 million × $0.40 × 70%
= $39.2 million
Redemption in 2021 = Coupons redeemed × Redeemable cents
= $56 million × $0.40
= $22.40 million
Redemption in 2022 = Coupons redeemed × Redeemable cents
= $45 million × $0.40
= $18 million million
So,
General's coupon promotional expense in 2022 = Redemption in 2021 + Redemption in 2022 - General's coupon promotion expense in 2021
= ($22.40 million + $18 million) - $39.2 million
= $1.2 million
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
<u>Cowboy Law Firm</u>
<u>Income statement for the period ended December</u>
Amount in $
Service revenue 8,500
Utilities (1,000)
Salaries expense <u> (1,300)</u>
Net income/(loss) <u> 6,200</u>
Explanation:
An income statement is a part of the financial statements that shows how profitable the activities of an entity was for a given period of time. It is usually stated as the income statement for a period end.
The elements of the income statement include the revenue otherwise called sales, expenses including cost of goods sold, operating expenses etc and the profit or loss as well as the other comprehensive income/loss.
