Answer:
$12,000 for 2013 and $300,000 for 2018
Explanation:
Jamison Enterprises acquired a franchise to operate a Good Burger Joint in January, 2013. The cost of the franchise was $360,000 and was estimated to have a limited life of 30 years.
Hence the yearly franchise cost at this point is 360,00 / 30 years = $12,000
Early in the year 2018, the franchise was forced out of business due to lawsuits.
At this point the company had only operated for 5 years and have incurred franchise cost to date of 5 years x $12,000 = $60,000
Jamison should record $300,000 ($360,000 - $60,000 to date) balance of the franchise cost in its expenses to their income statement for the years 2018
Answer:
$2,150
Explanation:
Annual cumulative preferred stock dividend = 2,300 × $100 × 6.5% = $14,950
Cumulative preferred stock dividend carried forward to year 2 = $14,950 - $12,000 = $2,950
Cumulative preferred stock dividend payable in year 2 = $14,950 + $2,950 = $17,900
Cumulative preferred stock dividend carried forward to year 3 = $17,900 - $17,000 = $900
Cumulative preferred stock dividend payable in year 3 = $14,950 + $900 = $15,850
Dividend received by common shareholders during Year 3 = $18,000 - $15,850 = $2,150
Answer:
France should specialize in producing phones and import computers from Sweden
Explanation:
France can produce: 4 phones or 3 computers
The opportunity cost of producing 1 phone = (3 ÷ 4)
= 0.75 computers
The opportunity cost of producing 1 computer = (4 ÷ 3)
= 1.33 phones
Sweden can produce: 1 phone or 2 computers
The opportunity cost of producing 1 phone = (2 ÷ 1)
= 2 computers
The opportunity cost of producing 1 computer = (1 ÷ 2)
= 0.5 phones
According to the comparative advantage,
Sweden has a comparative advantage in producing computers because the opportunity cost of producing computers is lower for Sweden than for France.
France has a comparative advantage in producing phones because the opportunity cost of producing phones is lower for France than for Sweden and import computers from Sweden because Sweden has a comparative advantage in producing computers.
The lack of competition would mean that our economy would lower. Democracy is a system of government where the citizens exercise power by voting. In a direct democracy, the citizens as a whole form a governing body and vote directly on each issue. So, this could lower oting on one thing in media to a totally diffrent thing that has more comptetion to it.
The answer is: Sole proprietorship
Sole proprietorship is considered to be the most informal type of business since it basically does not operate as a legal entity.
In a sole proprietorship, there is only one single owner who fund the whole operation, so the country tend to treat expense from sole proprietorship like a normal citizens who spend money for shopping.