Before you give your hard earned cash to just any Internet bank, make sure they are legitimate. Check and re-check all of the institutions' contact information. Contact them. Ask questions. Make sure they are real! There also should be an “about us” section on the site. This should tell businesses detail. How long have they existed? Who is the CFO? Who is the parent company, if any? This is your money you are entrusting to them. Make sure it is safe! Go to the FDIC web-site. Look for information about the Internet bank you are considering. If they are insured, their information will be available.
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Answer:
c)
Explanation:
Administrative law is the body of law that controls all of the activities as well as the administrative agencies of a specific government. Administrative law includes the rules, orders, and decisions of the Federal Trade Commission. This branch of public law can also enforce certain regulatory agenda that has already been made.
Answer:
a. What are the firm's weekly economic profits?
- The company's weekly economic profit = total revenue - total accounting cost - total opportunity costs = (600 units x $40) - $6,000 = $24,000 - $6,000 = $18,000
b. What is the firm's marginal cost?
- since the firm is maximizing its profits, its marginal revenue = marginal cost. Since the marginal revenue of the last unit sold was $25, then the marginal cost of the last unit sold must also be $25.
c. What is the firm's average total cost?
- the firm's average total cost = total cost / total output = $6,000 / 600 units = $10 per unit
Answer:
The impairment amount will be "$504,000". A further explanation is below.
Explanation:
The given values are:
Goodwill,
= $864,000
Subsidiary fair value,
= $8,100,000
Subsidiary's individually identifiable net assets,
= $7,740,000
Now,
(1)
The impairment amount will be:
= 
On substituting the values, we get
= 
= 
= 
($)
(2)
The journal entry is:
<u>Description Debit Credit</u>
Equity income $504,000
Equity investment $504,000
Answer:
$38,240
Explanation:
Given that,
Gross revenue from sales totaling = $86,500
Operating expenses for this same period = $27,500
Cost of Goods Sold (COGS):
= 24% of gross revenue
= 0.24 × $86,500
= $20,760
Net operating income for the year:
= Gross revenue from sales - COGS - Operating expenses
= $86,500 - $20,760 - $27,500
= $38,240
