Answer:
Jay Pembroke Company
Balance Sheet as of April 30
Assets:
Cash $12,950
Accounts Receivable 2,000
Office Supplies 4,600
Prepaid Insurance 1,200
Total assets $20,750
Liabilities:
Accounts Payable $300
Jay Pembroke, Capital 20,450
Total liabilities + equity $20,750
Explanation:
a) Data and Calculations:
Assets:
Cash $12,950
Accounts Receivable 2,000
Office Supplies 4,600
Prepaid Insurance 1,200
Liabilities:
Accounts Payable $300
Statement of Owner's Equity:
Jay Pembroke, Capital 18,000
Net income 2,550
Jay Pembroke, Drawing (100)
Ending Capital 20,450
Income Statement for the month ended April 30
Service Fees 3,300
Rent Expense 750
Net income 2,550
Answer and Explanation:
Answer and Explanation:
From the question;
MRTs of capital labor > r/w
Therefore MPK/MPL > r/w
MPL/w> MPK/r
The manufacturer earns more from the marginal capital than from labor so she should use more capital less labor to minimize production costs.
Answer:
The correct answer is option D.
Explanation:
The price elasticity of demand can be defined as the degree of responsiveness of quantity demanded of a commodity to a change in the price of the commodity.
The price elasticity of demand depends on several factors including
- Availability of close substitutes
- The proportion of income that is spent on the good
- Amount of time consumers have to adapt to the price change
If there are cheaper substitutes available in the market then the demand will be relatively elastic. Similarly, if a small proportion of income is being spent on the good than the demand will be relatively inelastic. Demand in a short period will be inelastic. Though elasticity of demand is not affected by the number of goods available.
Answer:
a) $234,000 of net cash used.
Explanation:
Investing activities: It records those activities which include purchase and sale of the long term assets
. The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash
The computation of the Net cash flows from investing activities is shown below:
Cash flow from Investing activities
Purchase of equipment - $225,000
Proceeds from the sale of equipment $106,000
Purchase of land - $115,000
Net Cash flow from Investing activities - $234,000
Answer:
A) growth
Explanation:
A growth strategy is designed to increase the scale or scope of a corporation's operations.