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3 years ago

How many members sit congress

Business

2 answers:

BigorU [14]3 years ago

5 0

Answer:

535 members of Congress.

Explanation:

100 serve in the U.S. Senate 435 serve in the U.S. House of Representatives.

I hope this is right sorry if I am not

viva [34]3 years ago

5 0

535 members 435 reps and 100 senators

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In the perfectly competitive gadget industry there are 10 firms with identical costs given by C = 500 + 20q + q2, none of which

IgorC [24]

Answer:

The explanation is below

Explanation:

A. Shutdown point is achieved when price equal AVC. when price lowers than the AVC, firm shutdown.

VC = q^2

AVC = q

So,

P = q is the shutdown point.

B. For profit maximizing level of output,

P = MR = MC

500 = 20 + 2q

q = 240 units

So, profit maximization level of output = 240 units

C. Firm level supply curve = MC curve above the shutdown point

Number of firms = 5

So,

Industry supply curve = 10*MC = 200+20Q

Industry supply curve = 200+20Q

It shows that MC curve above the shutdown point is supply curve.

4 0

3 years ago

Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value

ruslelena [56]

Answer:

1. $2,000,000

2. Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

Calculation of Goodwill :

Purchase Price $6,000,000

Less Net Identifiable Assets

Assets at Fair Value $17,000,000

Less Liabilities at Fair Value ($13,000,000) ($4,000,000)

Goodwill $2,000,000

Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

4 0

3 years ago

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romula

gladu [14]

Answer:

a. $16,426,000

b. $19,080,000

Explanation:

a. What is the book value of Klingon's assets today?

Book value of assets refer to the value of the total value of the assets of a company on its balance sheet after depreciation, impairment and amortization have been deducted.

This can be calculated for this question as follows:

Book value of Klingon's assets today = Book value of current assets + Book value of fixed assets

Book value of fixed assets = $15,500,000

Book value of current assets = Current liabilities + Net working capital = $700,000 + $226,000 = $926,000

Therefore, we have:

Book value of Klingon's assets today = $15,500,000 + $926,000 = $16,426,000

b. What is the market value?

Market value refer to the amount that can be realized from selling something such as the assets of a company.

This can be calculated for this question as follows:

Market value = Machinery sales amount + Current asset liquidated amount = $18,000,000 + $1,080,000 = $19,080,000

3 0

3 years ago

Lake Incorporated purchased all of the outstanding stock of Huron Company paying $950,000 cash. Lake assumed all of the liabilit

liraira [26]

Answer:

d. $250,000.

Explanation:

In order to calculate the expense of the goodwill, we must first calculate the net asset's fair value shown below:

The fair value of net asset = The fair market value of total assets - the fair market value of liabilities

= $125,000 + $750,000 - $175,000

= $700,000

And, the purchase value of all outstanding stocks is $950,000

So, the goodwill would be

= $950,000 - $700,000

= $250,000

3 0

3 years ago

Suppose the government imposes a price ceiling above the equilibrium price of a given good. d)Which of the following is the most

r-ruslan [8.4K]

Answer:

c)No change will occur in the market.

Explanation:

A price ceiling above the equilibrium price is a non binding price ceiling and it does not affect the market. No change in supply or demand occurs.

5 0

3 years ago