Answer:
The correct answer is option b.
Explanation:
Mathew bakes and sells apple pies. Apple here is used as an input. If the price of apple increases, it means the cost of producing apple pies is increasing as well.
At the given cost the firm will be able to produce fewer apple pies. This will cause a reduction in the supply of apple pies. Consequently, the supply curve will shift to the left.
You need to modify your questions
Answer:
Percent tax = 45%
Explanation:
Given:
Amount of tax charged = $1,152
Amount of purchase = $2,560
Find:
Percent tax
Computation:
Percent tax = [Amount of tax charged / Amount of purchase]100
Percent tax = [1152 / 2560]100
Percent tax = 45%
Answer:
C) $128.15
Explanation:
The computation of the intrinsic value of Innovative Components’ equity per share is shown below:
= Retained earnings ÷ number of shares issued × PE ratio
= $2,014,802 ÷ 402,500 shares × 24.6
= $128.15
We simply applied the above formula so that the intrinsic value of Innovative Components’ equity per share could come
and ignored the company PE ratio of 24.6
Answer:
D. income statement, statement of owner's equity, balance sheet is the correct answer.
Explanation:
