Answer:
$76.856 million
Explanation:
As we know that Balance sheet is divided in two portions.
1. Total Assets (Current Assets + Fixed Assets)
2. Total Liabilities and Share Holders' Equity.
and they both should be equal. So we can write from the above information, as:
Total Assets = Total Liabilities + Total Common Stock + Retained Earnings
N.B. We are excluding Cash from our calculation cause we assume that Cash is already been included in Total Assets.
Hence, by putting the values in above equation we can find our Retained Earnings as:
Retained Earnings + $128.230 million + $6.350 million = $211.436 million
Retained Earnings + $134.58 million = $211.436 million
Retained Earnings = $211.436 million - $134.58 million
Retained Earnings = $76.856 million
Answer:
-1.33
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good X to changes in price of good Y.
Cross price elasticity of demand = percentage change in quantity demanded of good X / percentage change in price of good Y
Percentage change in quantity demanded = (1700 / 1350) - 1 = 0.2593 = 25.93%
Percentage change in price = (1.65 / 2.05) - 1 = -0.1951 = -19.51%
25.93% / -19.51% = -1.33
I hope my answer helps you
Answer:
2.3925
Explanation:
The computation of the Mexican pesos is shown below:
= (1 British pound × 1 U.S. dollar) ÷ 1 British pound for the Danish krone
= (1.65 × 10.875 ÷ 7.5)
= 2.3925 Mexican pesos
Simply we multiplied the 1 British pound with the 1 US dollar and then divide it by the 1 British pound for Danish krone so that the correct spot currency can come
Answer:
A. $45,950
B. $0.84 per liter.
Explanation:
A. February conversion costs in the Filtration Department:
= Direct labor costs(Wages of workers operating filtration equipment) + Manufacturing overhead allocated to filtration
= $25,950 + $20,000
= $45,950
B. Filtration Department completely processed 150,000 liters in February.
Total cost incurred:
= Direct labor costs + Manufacturing overhead allocated to filtration + Water
= $25,950 + $20,000 + $80,000
= $125,950
Filtration cost per liter:
= Total cost incurred ÷ Total units processed
= $125,950 ÷ 150,000
= $0.84 per liter.
Answer:
See explanation Section
Explanation:
See the image to get the appropriate answer.
