Answer:
$80,000
Explanation:
Sienna owned $200,000 worth of real estate at her death
This real estate was titled with her sister in joint tenancy with the right of ownership
Sienna contributed $50,000 to the total cost of the property
Her sister contributed the remaining $75,000
The first step is to determine the portion contributed by Sienna
= $50,000/$50,000+$75,000
= $50,000/$125,000
= 0.4×100
= 40%
Therefore, the amount that should be included in Sienna's gross estate can be calculated as follows
= 40/100 × $200,000
= 0.4 × $200,000
= $80,000
Hence the amount that should be included in Sienna's gross estate is $80,000
The answer to this question is Elastic
An elastic product is the type of product which demand will be influenced by movement in prices. For product like cloud computing, the product could be considered more durable because it willl always stay needed and will not go rotten, so the movement in prices shouldn't necessarily affect them that much.
Answer: See explanation
Explanation:
Based on the information given in the question, the increase or decrease in the retained earnings will be calculated as:
= (10,000,000 - 400,000) × 15% × $15
= 9,600,000 × 0.15 × 15
= 21,600,000
The retained earnings will decrease by $21.6 million
The options given aren't correct.
Answer:
Competition policy is part of the new international orthodoxy in economic policy and, at the same time, was viewed in South Africa as a crucial element of economic transformation. This article reviews the role of competition policy in economic development and the experiences of developing countries such as Brazil and South Korea. It then assesses the effects of competition policy in South Africa after 1994, with the main focus being on the performance of the new competition institutions established in 1999. The case of the steel industry is used to assess the approach and impact of the institutions in a concentrated sector that has simultaneously undergone processes of liberalisation and domestic consolidation.
The opening-up of the economy through trade liberalisation has also seen increased concentration in many sectors. This is a result of consolidation, with inefficient firms closing down or being taken over, and of closer focus by companies on their core activities. Economies-of-scale arguments have also been used in several sectors to support mergers and acquisitions.
Answer:
Given that,
Jobs still in process = $20,000
Jobs completed but not sold = $60,000
Jobs finished and sold = $120,000
Marshall Enterprise's Factory Overhead account has a credit balance of $5,000
Therefore, the journal entry is as follows:
Factory overhead A/c Dr. $5,000
To Cost of goods sold A/c $5,000
(To record the cost of goods sold)
