Answer:
A) $1,376,000
Explanation:
The value of the equity doesn't change, it only redistribute the amount in the Retained Earnings between the Capital Surplus (thi account reflect the increase in the value of shares) and the Common Stock that represents the pair valur of the stocks.
Answer:
28%
Explanation:
Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).
Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.
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Answer:
flexibility of wages and prices over time
Explanation:
The neoclassical view posits that long-term expansion of potential Gross Domestic Products (GDP) due to economic growth will determine the size of a country's economy but the economy cannot sustain production above its potential Gross Domestic Products (GDP) in the long run.
A distinguishing characteristic of the neoclassical view is flexibility of wages and prices over time.
Answer:
50 gloves
Explanation:
The formula for breakeven point = Fixed cost/contribution margin per unit
Fixed cost =$400
contribution margin per unit = selling cost - variable cost
selling price = $11
variable cost per item = cloth at $2.50 + stitching $0.50 = $3.0
Contribution margin = $11 - $3 = $8
Break-even point = $400/$8
=50 gloves