Departmental income can be considered the contribution of revenues to profits because it is computed after deducting the direct costs of providing the service or product. Subtracting all of the undistributed operating expenses from total revenues results in gross operating profit per available room (GOPPAR).
Answer:
see below
Explanation:
Premiums are the regular payments the insured pays to the insurance company for insurance coverage. By paying premiums, the insurance company agrees to compensate the insured for any financial loss resulting from the risk covered by the insurance contract.
Premiums are the cost of insurance. The customer pays premiums while the insurances undertake the risk stated in the policy documents. Should the customer suffer damages, injuries, or financial loss, the insurance companies compensate the customer as per the terms stated in the insurance contract.
Answer:
$1.23
Explanation:
The computation of the diluted earnings per share is shown below:
Diluted earning per share = Net income ÷ weighted number of common stock outstanding
where,
Net income is $391,320
Weighted average number of outstanding shares equal to
= 206,000 shares + 114,000 shares
= 320,000 shares
The 114,000 shares is
= 570,000 ÷ $15 × $12
= 456,000
Now 570,000 - 456,000 = 114,000 shares
So, the diluted earning per share
= $391,230 ÷ 320,000 shares
= $1.23
Answer:
The Ricardian Model as described by David Ricardo is a model which explains trade between two countries and the products which they are most likely to export. The answer to your problem is given below.
Explanation:
(a) Calculate the autarky price of Goods in both countries: pG, and p*G.
The autarky price here means a price at which there will be no trade between the two countries:
Data:
The marginal product of labor in service industry of home country:
MPLS = 1
The marginal product of labor in goods industry of home country:
MPLG = 1
The marginal product of labor in service industry of foreign country:
MPLS* = 1/4
The marginal product of labor in goods industry of foreign country:
MPLG* = 1/2
The price of services in home country is:
Ps = $2
The price of goods in foreign country is:
Ps* = 12 Pesos
As per current exchange rate, the value of 12 Pesos is equal to $0.63.
source: https://mxn.currencyrate.today/usd/12
Thus,
Ps* = $0.63
The autarky price of goods in both countries are calculated as follows:
Ps/PG = MPLS/MPLG
2/PG = 1/1
PG = $2
And,
Ps*/PG* = MPLS*/MPLG*
0.63/PG* = (1/4)/(1/2)
PG* = $1.26
