Answer:
C. $410,000
Explanation:
Administrative and general expenses in Lee's multiple - step income statement is $410,000
i.e the Legal and audit fees $170,000 and Rent for office space $240,000 which will amount to $410,000
Note: General and Administrative expenses are incurred in the day-to-day operations of a business and are not tied to a specific function or department within the organisation.
Answer:
Dynamic pricing
Explanation:
In simple words, Dynamic pricing, often alluded to as rising rates, vibrant pricing as well as period-based pricing, relates to the pricing technique under which companies set variable prices for goods or commodities on the basis of existing consumer demands. A main benefit of competitive pricing seems to be the opportunity to increase the income with each consumer.
Answer:
D. A firm's weighted average cost of capital decreases as the firm's debt-equity ratio increases.
Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.
Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.
Answer:
The final value is $106,607.35.
Explanation:
Giving the following information:
n= 10 years
i= 16%
Annual deposit= $5,000
To calculate the final value we need to use the following version of the final value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*{(1.16^10)-1]}/0.16= $106,607.35
