Answer:
The answer is (A) Expenses for the year exceeded revenues.
Explanation:
If retained earnings decreased during the year, and no dividends were paid this would mean the company would have made a loss in the financial period. A loss occurs when expenses for the year exceed revenues.
Answer:
d) more firms will enter the market, driving the price of haircuts down and the profits of individual firms back down to zero.
Explanation:
In the case when the demand is increased, the price of haircuts would also increased and due to this the firm could earn positive economic profit. And for earning the economic profit in a positive way, the no of firm should be rised that increased the supply so automatically the prices are decreasing
Therefore the above option should be the answer
Answer:
Machine hours per unit= 18 / 0.5= 36
Explanation:
<u>First, we need to calculate the predetermined manufacturing overhead rate using the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 103,000 / 206,000
Predetermined manufacturing overhead rate= $0.5 per machine hour
<u>Now, we need to determine the allocated overhead:</u>
Unitary cost= direct material + direct labor + allocated overhead
72= 18 + 36 + allocated overhead
18= allocated overhead
<u>Finally, the machine hours per unit:</u>
Machine hours per unit= 18 / 0.5= 36
Answer:
31.6%, 6.4%, 62.0%
Explanation:
The computation of weighted of capital structure is shown below:
But before that first determined the total value
Total value of bonds is
= (4,400 × $925)
= $4,070,000
Total value of preferred stock is
= 15,000 × $55
= $825,000
ANd,
Total value of common stock is
= 250,000 × 32
= $8,000,000
Now
Total value is
= $4,070,000 + $825,000 + $8,000,000
= 12,895,000
Now weight of each of is
For Bonds is
= $4,070,000 ÷ $12,895,000
= 31.6%
For Preferred stock
= $825,000 ÷ $12,895,000
= 6.4%
And,
Common stock is
= $8,000,000 ÷ $12,895,000
= 62%
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.