Answer:
Explanation:
A) Multiple Step Income Statement
Sales 96500
Cost Of Goods Sold -60570
Gross Profit 35930
Operating Expenses
Admin : Staff Salaries -4900
Deprecation -3960
Selling: Delivery Charges -2690
Commission Charges -7980
Depreciation -6480
Operating Profit 9920
Non-operating Income 17230
Interest Expense -1860
Total Non Operating Income 15370
Total Income (9920+15370) 25290
Income Tax -9070
Net Income After Tax 16220
B)Single Step Income Statement For the year ended 2014
Revenue 96500
Cost Of Goods Sold -60570
Gross profit 35930
Admin Expenses (4900+3960) -8860
Selling Expenses -17150
Operating Profit 9920
Finance Cost -1860
Other Income 17230
Profit before Tax 25290
Income Tax -9070
Profit After Tax 16220
Answer:
You can wear whatever to keep warm on dock. Drivers and supervision have to wear uniforms. Dock workers can wear whatever.
Tattoos are acceptable. Many employees have them and are visible.
Answer: 25%
Explanation:
The Sharpe Ratio will be calculated by using the formula:
= (Rp−Rf)/σp
where,
Rp = return of portfolio = 0.08
Rf = risk-free rate = 0.03
σp = standard deviation of portfolio’s excess return = 0.20
Therefore, Sharpe Ratio will be:
= (Rp−Rf)/σp
= (0.08 - 0.03)/0.20
= 0.05/0.20
= 0.25 or 25%
The Sharpe ratio is 25%.
Answer:
Monthly Cell Phone Bill
Explanation:
Other things being equal, the higher the price of a good relative to a consumer's income, the greater the price elasticity of demand. Hence, the price elasticity of demand for low-priced items, such as thumbtacks and fish food, tends to be lower than the price elasticity of demand for relatively expensive items, such as monthly cell phone bill, that represent a more significant fraction of a consumer's annual income.
Be sure to consider not just the price, however, but also the overall portion of a consumer's annual income spent on an item. For example, one latte costs only $3.00, but for daily coffee drinkers the annual expense could be around $1,000. The elasticity of demand for lattes is therefore likely to be higher than that for other low-priced items (such as thumbtacks) that may need to be purchased only a few times annually.
Question Completion:
Assume that the price per ton of oranges in the international market is $810 and equilibrium is established at the price of $900 for 120 tons.
Answer:
If Bangladesh is open to international trade in oranges without any restrictions, it will ____import____ tons of oranges. Suppose the Bangladeshi government wants to reduce imports to exactly 120 tons of oranges to help domestic producers. A tariff of ____$90____ per ton will achieve this. A tariff set at this level would raise $___10,800______ in revenue for the Bangladeshi government.
Explanation:
A tariff of $90 per ton will raise the price of a ton of oranges to $900 ($810 per ton as indicated on the question). When the price is raised to $900 in the domestic market, the quantity demanded will equalize with the quantity supplied at 120 tons.
