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3 years ago

8. Cracked Mirror, a local rock group, contracts to play for your high school prom. A week before the

1 answer:

3 0

Answer: The amount of money that they were paid for the high school prom. This is because that's the amount that has been sent on the band.

Explanation:

From the question, we are informed that Cracked Mirror, a local rock group, contracts to play for your high school prom and that a week before the

dance, the group cancels its appearance.

We are further told that a teacher finds out that the band has instead booked a

concert elsewhere at the same time as the prom that will pay them $800 more.

Based on the above information, if the band for damages, the appropriate amount would be the amount that they were paid for the high school prom. This is because that's the amount that has been sent on the band.

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Atlantis Corporation has 12,000 shares of 14%, $78 par noncumulative preferred stock outstanding and 29,000 shares of no-par

ira [324]

Answer:

The preferred shareholders will be allocated a dividend of $131040 and the common shareholders will be allocated a dividend of $56960.

Explanation:

Total dividend declared =$188000

the allocation of dividends:

Preferred shareholders = (12000×14%)×$ 78

= $ 131040

Common shareholders = Total dividends - preferred shareholders dividend

= $ 188000 - $ 131040

= $ 56960

Therefore, the common shareholders will be allocated dividends of $ 56960 and the preferred shareholders will be allocated dividends of $ 131040.

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3 years ago

Assume the demand function for basketballs is given by QD = 150 −3P + 0.1I, where P = price of a basketball, and I = average inc

TEA [102]

Answer: (1) Equilibrium price = 60 and Equilibrium quantity = 120, when I = $1500.

(2) Equilibrium price = 54 and Equilibrium quantity = 108, when I = $1200.

Explanation:

(1) When Average income (I) = $1500

At equilibrium, QD = QS

150 - 3p + 0.1I = 2p

150 - 3p + 0.1 × 1500 = 2p

5p = 300

p = $\frac{300}{5}$

p = 60

q = 2p ⇒ 2 × 60 = 120

Hence, p and q are equilibrium price and equilibrium quantity, respectively.

(2) If 20% income tax is introduced then Average income (I) = $1500 - 20% of $1500 ⇒ $1500 - $300 = $1200

At equilibrium, QD = QS

150 - 3p + 0.1I = 2p

150 - 3p + 0.1 × 1200 = 2p

5p = 270

p = $\frac{270}{5}$

p = 54

q = 2p ⇒ 2 × 54 = 108

Hence, p and q are equilibrium price and equilibrium quantity, respectively.

4 0

3 years ago

Why is research and development an integral part of the designing and producing process of an aerospace product? Select the best

allsm [11]

The answer to the given question above would be option C. The reason why research <span>and development is an integral part of the designing and producing process of an aerospace product is that, the </span><span>aerospace industry is constantly pushing the limits of technology. Hope this answers your question.</span>

5 0

3 years ago

Read 2 more answers

The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3

MatroZZZ [7]

Answer:

a. $20.00

Explanation:

Given that

Common Stock = $150,000

Additional Paid-in Capital = $850,000

Par Value per share = $3

So,

Number of shares issued = Common Stock ÷ Par Value per share

= $150,000 ÷ $3

= 50,000

Now

Total Common Stock Equity = Common Stock + Additional Paid-in Capital

= $150,000 + $850,000

= $1,000,000

So,

Average Issue Price per share = Total Common Stock Equity ÷ Number of shares issued

= $1,000,000 ÷ 50,000

= $20.00

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3 years ago

What are the kitchen tools and equipment needed to cook pancake.

Firlakuza [10]

You need batter a pan something to flip with like a spatula. If you need to be specific you can say a whisk,a bowl, skillet,griddle,spatula.

Ingredients: flour, sugar,baking powder,salt,milk, butter,egg,oil

Added toppings as well such as syrup or something

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2 years ago