Answer:
$54,000
Explanation:
Eliza's share of net income = $40,000 ÷ 2
= $20,000
Eliza made withdrawals = $21,000
Eliza capital = $55,000
Eliza’s capital account balance at the end of the year:
= Eliza capital - Eliza withdrawals + Net income share of Eliza
= $55,000 - $21,000 + $20,000
= $54,000
Therefore, the Eliza’s capital account balance at the end of the year is $54,000.
Answer:
The correct answer is Livy gas utility bill does not rise up during the shortage of the natural gas.
Explanation:
In the monopoly market, there is only one establishment control over the price of the products in the market. So, during the shortage of the product in the market, that establishment could increase or rise the price of the product and the customers would be forced to buy or conform as there is no other alternative or competitors in the market.
Government regulation might create the price ceiling which determine the maximum price that a company will make for a product.
Therefore, it describe that the Livy gas utility bill does not rise up during the shortage of the natural gas.
Answer:
$38,720
Explanation:
From the given information:
Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.
The taxable income can be determined as follows:
Particulars Form Amount($)
Wages (Form 1040, Line 1) 36,000
Add: Unemployed Income Schedule 1, Line 7 4,320
<u>Add: Gambling winning Schedule 1, Line 8 500</u>
Total Income $40,820
<u>Less: Student loan Interest Schedule 1, Line 20 2,100</u>
Taxable income $38,720
Answer: Option B
Explanation: Globalization refers tot he process under which certain business entities starts operating their business in many different countries of the world.
One of the major reasons behind the increasing globalization is the condition in developing nations. The developing nations like India and Pakistan have a large population with a strong purchasing power, but due to lack of technology and capital these economies lack competitive producers.
Therefore, every second business firm with sufficient resources wants to operate in these economies for profit maximization.
Answer:
37.88 %
Explanation:
The weight on preferred stock mean, what percentage out of the Total Market Value of the Sources of Capital pooled together is taken by Preferred Stock.
Weight on preferred stock = Market Value of Preferred Stock / Total Market Value of Sources of Capital x 100
where,
Market Value of Preferred Stock = $2.5 million
and
Total Market Value of Sources of Capital :
Debt $2.3 million
Preferred Stock $2.5 million
Common Equity $1.8 million
Total $6.6 million
therefore,
Weight on preferred stock = $2.5 million / $6.6 million x 100 = 37.88 %
