Which loan type requires you to make loan payments while you’re attending school?

At December 31, the records of Nortech Corporation provided the following selected and incomplete data:Common stock (par $1; no

solmaris [256]

Answer:

The following balances have been worked out from the information given in question;

Explanation:

No. of Common stocks issued $200,000/22 9,091

Paid in capital-Common Stocks 9,091*(22-1) $90,909

No. of Treasury Stock 3,000

Treasury stock 3,000*20 $60,000

EPS =$147,750/(9,091 -3,000) $24

Retained Earnings ($155,000+$147,750-$49,250) $253,500

4 0

3 years ago

In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal c

Pachacha [2.7K]

Answer:

False

Explanation:

In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal cost, then total surplus is maximized.

As for any extra unit produced

Marginal Benefit > Marginal cost = Surplus

Marginal Benefit = Marginal cost = No Surplus / No loss

Marginal Benefit > Marginal cost = loss

When your Marginal benefit is maximum and Marginal cost is minimum then the surplus will be maximized.

Most efficient situation in which benefit is maximum and the cost is minimum results in maximized surplus.

8 0

3 years ago

Rehmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.06 direct labor

Phoenix [80]

Answer:

Results are below.

Explanation:

Giving the following information:

Each unit of output requires 0.06 direct labor-hours.

The direct labor rate is $8.00 per direct labor-hour.

The production budget calls for producing 5,300 units in June and 5,800 units in July.

<u>Direct labor budget June:</u>

Direct labor hours= 5,300*0.06= 318

Direct labor cost= 318*8= $2,544

<u>Direct labor budget July:</u>

Direct labor hours= 5,800*0.06= 348

Direct labor cost= 348*8= $2,784

3 0

4 years ago

Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company’s first day of operations, Koontz purchase

Artist 52 [7]

Answer:

$ 8,970

Explanation:

8 0

3 years ago

or 2018, Gourmet Kitchen Products reported $22 million of sales and $18 million of operating costs (including depreciation). The

Vinil7 [7]

Answer:

Economic value added = $1,250,000

Explanation:

Economic value added (EVA) = Net operating profit after taxes - Invested capital * cost of capital

Economic value added= [($22,000,000 - $18,000,000) * (1 - 0.35)] - [$15,000,000 * 9%]

Economic value added = ($4,000,000 * 0.65) - $1,350,000

Economic value added = $2,600,000 - $1,350,000

Economic value added = $1,250,000

5 0

3 years ago