In the price range where demand is inelastic, a decrease in price will result in a decrease in total revenue. True or False?

Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: 2

lubasha [3.4K]

Answer:

$3,000 understated

Explanation:

The computation of the working capital in case of no correcting entries made is shown below:

= Depreciation Expense for 2020 - depreciation expense for year 2021 - ending inventory for 2021

= $18,000 - $6,000 - $9,000

= $3,000 understated

While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation

6 0

3 years ago

Harms Shoe Company applies manufacturing overhead based on direct labor hours as the allocation volume. Information concerning m

andriy [413]

Answer:

Allocated overhead for july $227.20

Explanation:

Given data:

direct labor hours is 6100 hr

wages of labor is $14.20/hr

manufacturing overhead is $277,184

duration of labor is 5 hr

overhead allocation rate is given as

allocation rate = manufacturing overhead/ direct labor hour

allocation rate $= \frac{277184}{6100} = $45.44$ / direct labor hr

Allocated overhead for july $= 5\times 45.44 =\$ 227.20$

6 0

2 years ago

The elements of a brand that cannot be spoken are called the ______.

Mariulka [41]

The elements of a brand that cannot be spoken are called the brand mark.

Every band has its properties and elements such as the brand name and

brand equity which can be spoken to describe what the brand is all about.

These elements are usually unique and helps to describe the brand and its

operations.

However , the brand mark is like a logo and contains pictorial properties

which can be seen.

Read more on brainly.com/question/25243470

6 0

2 years ago

Baruk Industries has no cash and a debt obligation of $36 million that is now due. The market value of Baruk's assets is $ 81$8

Gre4nikov [31]

Answer and Explanation:

The given values are:

Debt obligation

= $36 million

Market value

= $81 million

Outstanding shares

= $10 million

(a)...

Net Assets of the firm will be:

= $81 - 36$

= $ $45 \ million$

Now, the current share price will be:

= $\frac{45}{10}$ = $ $4.5 \ per \ share$

(b)...

Number of shares to be issued to repay debt obligation will be:

= $\frac{36}{4.5}$ = $ $8 \ million \ shares$

(c)...

The total number of outstanding shares will be:

= $10+8$

= $ $18 \ million$

Now,

The Current share price will be:

= $\frac{Net \ assets \ of \ the \ firm}{Total \ no \ of \ outstanding \ shares}$

= $\frac{81}{18}$

= $ $4.5 \ per \ share$

8 0

3 years ago

In the new product development process, ideas that pass the idea screening step continue through ________. Strong concepts pro

sladkih [1.3K]

Answer:

B. product concept development; marketing strategy development

Explanation:

Product concept development is the stage at which a lot of product ideas are generated, and new product are screened with the purpose of identifying good ideas and discarding poor ones on time. The new product concepts are then tested at this stage with a group of target consumers in order to discover the concepts with strong consumer appeal.

After product concept development, strong concepts proceed to marketing strategy development which, based on the product concept, is the stage at which an initial marketing strategy for a new product are designed.

6 0

3 years ago