Compared to a checking account, the rules governing your

11. Calculating the price elasticity of supply Deborah is a college student who lives in San Francisco and does some consulting

oksian1 [2.3K]

Answer: 1.60

Explanation:

P1 = 30

P2 =50

Q1 = 6

Q2 = 16

Elasticity of supply:

$=\frac{(7-3)}{(50-30)}\times\frac{(50+30)}{(7+3)}$

$=\frac{4}{20}\times\frac{80}{10}$

= 1.60

Using the midpoint method, the elasticity of Deborah’s labor supply between the wages of $30 and $50 per hour is approximately 1.60, which means that Deborah’s supply of labor over this wage range is elastic.

7 0

3 years ago

A company receives $10,000 in cash for services yet to be performed. Using the accrual method, what's the correct entry to recor

Fed [463]

Answer:

credit accounts receivable $10,000 (B)

8 0

2 years ago

Rent revenue $6540 Sales discounts $7830 Interest expense 13260 Selling expenses 99710 Beginning retained earnings 114930 Sales

Stels [109]

Answer:

Income Statement

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Revenue $ 381.430

Net Income -$ 22.779

Income attributable to controlling stockholders

Net Income -$ 22.779

Allocation to noncontrolling interest -$ 19.720

Income attributable to controlling stockholders -$ 62.219

Explanation:

Total Net revenue it's calculated with the Sales Revenue less Sales discounts and Returns and allowances.

Net Income it's calculated with the total Net Sales minus cost of goods sold, Expenses, Interest and Taxes for a determinated period.

To calculate the income to controlling stockholders it's necessary to subtracted at the end of the statement which they do not own.

Income Statement

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Sales $ 381.430

Cost of goods sold -$ 188.417

Gross Profit $ 193.013

Administrative Expenses -$ 80.660

Selling Expenses -$ 99.710

Other Income Rent Revenue $ 6.540

Net Income BEFORE Taxes $ 19.183

Interest Expenses -$ 13.260

Net Income BEFORE Taxes $ 5.923

Income Taxes -$ 28.702

Net Income -$ 22.779

Allocation to noncontrolling interest -$ 19.720

Income attributable to controlling stockholders -$ 62.219

4 0

4 years ago

A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in

Charra [1.4K]

Answer:

The $3,600 cash is collected in June

Explanation:

For computing the total cash collected in the June month, first, we have to find the sales of June and may which is based on the collection ratio which is given in the question.

June month collection = June sales × 30%

= $5,000 × 30%

= $1,500

In the question it is given that 30% is collected on June month and remaining i.e 70% collected in the May month or following month.

June month collection based on may sales = 70% × May sales

= 70% × $3,000

= $2,100

So, total cash collected in the June month is equal to

= June month collection + June month collection based on may sales

= $1,500 + $2,100

= $3,600

Hence, the $3,600 cash is collected in June

8 0

3 years ago

__________ entails job posting, which means placing information about job vacancies and qualifications in places where employees

romanna [79]

Answer: Internal recruiting

Explanation:

Internal Recruitmentis the process of identifying and attracting the employees in an organization to another position in the same organization. Rather than opening the position to the general public and attracting candidates who are working in other organizations or currently unemployed, the organization may choose to advertise the job vacancy internally and allow only its employees to apply for it.

Internal recruiting can be in the form of promotions or transfers to another department in the organization.

7 0

3 years ago

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