Answer:
$11,000
Explanation:
Given that,
Original cost of land to him = $33,000
Number of shares issued = 1,100
Par value of common stock = $10
The plot of land is exchanged for the shares of common stock. Hence, the value of land at the date of the stock issue is determined by multiplying the number of shares issued with the par value of the common stock. So that we can compare the original cost of land and value of stock issued.
Value of the land:
= Number of shares issued × Par value of common stock
= 1,100 × $10
= $11,000
Answer: the economy is efficient
Explanation: Natural rate of unemployment is the rate of unemployment when the economy is believed to be at its best,it is also the rate of unemployment where all the facets of the economy are working efficiently.
When the rate of unemployment equals the natural rate of unemployment the economy is said to be in equilibrium which means that market forces are effectively influencing the economy to perform t it's best. In the United States the natural rate or unemployment has been estimated to be between 4.5 -5%.
Answer: The price of peanuts realitve to that of raisins must be 2.
Explanation: Mathematically, relative prices are defined as:
Relative price of Good A with respect to Good B = Price of A / Price of B
So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins
...
<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>
<u></u>
Answer:
The answer is "70 units".
Explanation:
In the given question some equation is missing which can be defined as follows:
Monopolistic functions are used where Marginal Profit = Marginal Cost where marginal revenue and marginal cost stand for the MR and MC.
Finding the value of MR :
Calculating the value of the MC:
compare the above equation (i) and (ii):
Answer:
7.80 times
Explanation:
First of all we have to calculate the average inventory
Opening inventory= 159,000
Closing inventory= 200,000
Average inventory= (opening inventory+closing inventory)/2
= ( 159,000+200,000)/2
= 359,000/2
= 179,500
The next step is to find the merchandise inventory turnover which is calculated as
= Cost of goods/ Average inventory
Cost of goods= $1,400,000
Average inventory= 179,500
= 1,400,000/179,500
= 7.799 times
= 7.80 times (to 2 decimal places)
Hence the merchandise inventory was turned over 7.80 times in 2019
