Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa
Answer:
Nowadays, a joint stock company is simply a corporation whose stockholders can buy or sell the company's stocks. But 4 centuries ago, joint stock companies were very different.
Joint stock companies were used by the British Empire to set colonies around the world, e.g. the Virginia Company was chartered rights to establish and exploit colonies in British territories, which are now the US.
A joint stock company was named that way because stocks of the company were sold to rich people in England that were willing to risk money in the colonies. E.g. Jameston was founded and basically owned by the Virginia Company. Joint stock companies were vital for the colonization processes of the British Empire.
The King of England could also establish chartered companies which basically had a monopoly over the trade of certain areas, e.g. the East India Company was probably one of the most famous of them and the most powerful and wealthy.
Some chartered companies were even responsible for paying the salaries and expenses of the British government officials in foreign countries. The East India Company basically ruled over all India and had its own private army.
Answer:
The correct answer is letter "B": since there is no count of inventory during the review period, a stockout is possible.
Explanation:
The fixed-period inventory system, also known as a periodic inventory system, only updates the organization’s inventory balance when an actual physical count of the inventory is necessary. Most companies only carry out a physical inventory count once every quarter or year, being this the reason why this system is called "fixed-period". However, this could lead to a company stockout at an unexpected period when the count was not carried out yet.
Answer:
First scenario amount realized is $85,000
Second scenario amount realized is $105,000
Third scenario amount realized is $72,000
Explanation:
first scenario:
Cash proceeds $80,000
vehicle worth $10,000
selling expense ($5,000)
Amount realized $85,000
second scenario:
Cash proceeds $80,000
mortgage relief $30,000
selling commission ($5,000)
Amount realized $105,000
Third scenario:
Cash proceeds $20,000
land worth $50,000
Marketable securities $10,000
selling commission ($8,000)
Amount realized $72,000
The second option is the most beneficial as the benefits of $105,000 is more than the amount realized on other options
