Bankruptcy filings, charge-offs, and the condition of debts remain on your credit report

If money going out of the business is greater than the money coming into the business, what happens?

NemiM [27]

The answer is going to be negative

3 0

3 years ago

M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under P

zvonat [6]

Answer:

Date Units Unit Cost Unit Selling Price

July 1 Beginning Inventory 50 $ 10

July 13 Purchase 250 13

July 25 Sold (100 ) $ 15

July 31 Ending Inventory 200

Cost of Goods Available for sale= 250 units at $ 13+ 50 units at $ 10

= 3250 + 500= $3750

FIFO Ending Inventory $ 2600

200 units at $ 13= $ 2600

Sales 100At $ 15= $1500

FIFO Cost Of Goods Sold $ 1150

50 units at $ 10= $ 500

50 units at $ 13= $ 650

LIFO Ending Inventory $ 2450

50 units at $ 10= $ 500

150 units at $ 13= $ 1950

Sales 100 at $ 15= $1500

LIFO Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less LIFO Ending Inventory = 3750- 2450= $ 1300

100 units at $ 13= $ 1300

Weighted Average Ending Inventory 12.5 * 200= $ 2500

Total Cost/ total units= 3750/300= 12.5

Weighted Average Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less Weighted Average Ending Inventory = 3750- 2500= $ 1250

Weighted Gross Profit= Sales Less Weighted Cost Of Goods Sold= $ 1500- $ 1250= $ 250

7 0

3 years ago

Are monopolistically competitive firms efficient in long-run equilibrium? Monopolistically competitive firms A. are productivel

Margaret [11]

Answer:

E)are not productively efficient because they do not produce at minimum average total cost and they are not allocatively efficient because they produce where price is greater than marginal cost.

Explanation:

Monopolistic competition can be regarded as imperfect competition whereby many producers that are competing against each other exist in the market, though they are selling products which can be differentiated from one another. Monopolistically competitive firms do

maximize their profit if their production is at a level where marginal costs as well as its marginal revenues equals. Hence, monopolistically competitive firms are not productively efficient because they do not produce at minimum average total cost and they are not allocatively efficient because they produce where price is greater than marginal cost.

5 0

3 years ago

uppose the Social Security payroll tax were increased today to 16.4 percent in order to solve the 75-year fiscal imbalance in th

dexar [7]

Answer:

Ideally, the amount of the social security payout depends on the average lifetime earning of the residents of the country. The government averages the earning and then finalizes on the amount to be paid by each of the resident. If the payroll tax increases, in the longer run a few workers will get affected but, in the short run the increase has its immediate effect on 92% of the workers. Out of the 92%, 78% have a phase out option whereas 48% of them are under the as-needed scenario.

But, the longer a rate increase is delayed, the higher the increase in lifetime taxes for later generations. Workers born1936–1990 would have higher increases in lifetime taxes under an immediate rate rise, workers born 1996–2005 would generally have higher increases in lifetime taxes under phased increases, and workers born 2006–2015 would have higher increases in lifetime taxes under as-needed increases. The future workers would experience the smallest tax increases under the immediate option. Lifetime taxes for workers born 2011–2015 would rise 16 percent under an immediate increase, 27 percent under phased increases, and 33 percent under as-needed increases.

Thus,The increase in the payroll taxes will increase the cost for the people at different income level, as it is calculated on the basis of the income of the individual. As the women are paid lesser than their male counterparts, it can be said that the male population will be affected more by the increase in the social security payout.

Explanation:

3 0

4 years ago

Chauncey Corporation began business on June 30, 2016. At that time, it issued 20,000 shares of $50 par value, six percent, cumul

Korolek [52]

Solution :

a).

Year Preferred stock Common stock Preferred per share Common

per share

2016 $ 60,000 $ 9,000 $ 3 (60000/20000) $0.1

(69,000 - 60,000) (9000/90000)

2017 $ 0 $ 0 $ 0

2018 $120,000 $ 342,000 $6 (120,000/90,000) $ 3.8

(354,000-120,000) (342,000/90000)

b).

Year Preferred Common stock Preferred per share Common

Stock per share

2016 $ 0 $0 $ 0 $ 0

2017 $ 120,000 $ 0 $ 6 $ 0

(120,000/20,000)

2018 $ 60,000 $ 126,000 $ 3 $ 1.4

(186,000-60,000) (60,000/20,000) (126,000/90,000)

6 0

3 years ago