Answer:
$80,000
Explanation:
During the first year of oeration Maria Rose invested $25,000 in Roseland incorporation
The company earned $68,000 in revenue
They incurred expenses of $32,000
A cash dividend of $5,000 was paid out to Maria
The company owed $24,00£ to its creditors
Assets = liabilities - equity
The first step is to calculate the equity
Equity= common stock - dividend + revenue-expenses incurred
= $25,000-$5,000+$68,000-$32,000
= $20,000+$36,000
= $56,000
Therefore the company's assets can be calculated as follows
= $24,000 + $56,000
= $80,000
Hence the total company's assets is $80,000
Answer:
$135,260
Explanation:
Remember to follow the cash collection history to determine the budgeted cash receipts for January.
Budgeted cash receipts for January
January Cash Sales $113,000 x 20% $22,600
January Credit Sales $113,000 x 80% x 40 % $36,160
December Credit Sales ($73,500 - $27,000) $46,500
November Credit Sales $27,000
Total $135,260
Therefore,
Boone Co.'s budgeted cash receipts for January is $135,260
Answer:
D: Optimum Order size
Explanation:
Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.
Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.
Answer:
The correct answer is a. more elastic demands.
Explanation:
There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.
The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.
The factors that influence the demand for a good to be more or less elastic are:
1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.
2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.
