Answer:
Average price = $16.56
Explanation:
The weighted average price is the average value of a group of shares bought and different points in time and at different prices.
It is the average value that considers the proportion of each share (weight) purchased at a particular price when computing the average price of a group of shares. The implication of this method of computing average is simply that shares with higher quantity (weight) will have their prices more represented than those with lower quantity.
This average price is useful to evaluate and track the performance of an investment that is made of series of transactions by comparing the average price to the market price.
To calculated the weighted average price, we multiply the quantities of shares purchased by their respective prices and sum all together and then divide by the total quantity of shares.
We can apply this to the question
Weighted average price = ( (1300× $17) +( 900× $12) + ( 800× $21))/3,000
= 49,700/3,000
= $16.56
Note 800 in bold is the balance of shares as stated in the question which is 3000 - (1300+ 900) = 3,000- 2,200 = 800.
Is called collusion
It's actually price collusion to be precise ( not to be mistaken for the crime collusion)
Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.
In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
Answer:
to record Decker's investment:
Dr Cash 45000
Cr Decker, Capital 45000
to record Rosen's investment:
Dr Land 10,000
Dr Building 75,000
Cr Rosen, Capital 85,000
to record Toso's investment:
Dr Cash 10,000
Dr Accounts Receivable 27,000
Dr Equipment 14,000
Cr Allowance for Doubtful Accounts 2,700
Cr Toso, Capital 48,300
total owners' equity = $178,300
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
True
Explanation:
All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.
Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses. Governments impose regulations on taxation, statutory deduction, and safety in the workplace.
Following regulations protects the customers, employees, and businesses. An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.
Not following the law will cause problems with the tax authorities. It may lead to misrepresentation of financial records or expose employees to hazardous work environments. Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.
