Answer:
$556,000
Explanation:
Beginning retained earnings (2017) + net income - stock dividend - cash dividend = Retained earnings (2018)
1,440,000 + 1,000,000 - 720,000 - cash dividend = 1,164,000
Cash dividend = 1720000−1164000
= $556000
The most likely result if Fred sues Harry for the $12,000 payment is D. Fred will win because the right to receive payment could be validly assigned.
It should be noted that every contract creates its own rights and duties. Based on the information given, the obligee is Belinda.
The obligee in this case transfers the right to receive payments to a third-party who is Fred. Also, from the information, Belinda gave Fred the right to receive the payment from Harry.
Therefore, based on the above information, Fred has the right to receive payment. Therefore, if Fred sues Harry for the $12,000<em> payment</em>, he'll win.
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Answer:
The increase in demand of the product with the higher price or decrease in demand for the other goods is because the substitution effect is outweighed by the income effect of price increase.
Explanation:
The above explanation in economics refers to Giffen Good. The idea behind this concept Giffen is that if you do not have money and there is an increase in the price of a fundamental product such as bread, it is still impossible to afford other alternatives, hence you will go ahead to buy bread or avoid buying any of the product. Hence, the demand for other product will also decrease in this case. This means that the demand for product with higher price or decrease in other substitute product is due to the fact that the income effect outweighs the substitution effect. Hence people do not have the money to even afford the alternative product.
Jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. 6.667 lbs. of ground beef should be purchased.
Jarrell should purchase 7 lbs of ground beef.
Number of attendees = 20
Fraction of burger per person = 1/3 lbs
Total fraction of burger required to feed 20 persons :
Number of attendees × fraction per person
20 × 1/3 = 6.667.
Grilling is a cooking method that applies dry heat to the surface of food, usually from the top, bottom, or sides. Grills typically use large amounts of direct radiant heat and are typically used to quickly cook meat and vegetables.
Almost all types of grilling on gas and/or charcoal grills can be divided into three cooking methods: direct, indirect, or combination. As the name suggests, method differences are determined as follows.
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