Answer:
What was Henson's retained earnings at the end of the year?
$430,000
Explanation:
Begining Retaining earning 330000
Income 120000
Dividens Paid -40000
Additional common stock 20000
End retaining earning 430000
Revenue 500000
Expense 380000
Income 120000
Answer: Option (B) is correct.
Explanation:
Given that,
Total population of group = 28.19 million
Employed = 11.73 million
Unemployed = 1.04 million
Total labor force = Employed + Unemployed
= 11.73 million + 1.04 million
= 12.77 million
Labor-force participation rate = 
= 
= 45.29%
= 45.3%
Unemployment rate = 
= 
= 8.14%
Answer:
57 days
Explanation:
The computation of the cash conversion cycle is shown below:
The cash conversion cycle = Days inventory outstanding + days sale outstanding - days payable outstanding
= 54 days + 34 days - 31 days
= 57 days
Hence, the cash conversion cycle is 57 days
We simply added the days' sales in inventory and days sales' outstanding and deduct the days payable outstanding so that the cash conversion cycle could come
Answer: 26.85%
Explanation:
Based on the information given in the question, the firm's cost of internal equity will be calculated as:
Cost of equity = (D1/Current price) + Growth rate
= (4.90 / 26.00) + 8.0%
=(4.9/26) + 0.08
=26.85%
Therefore, the firm's cost of internal equity is 26.85%.
Answer:
For firms, Rent Seeking usually involves: <u>restricting supply in order to increase price</u>
Explanation:
An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share.
A rent seeking firm have a greater incentive to engage in rent-seeking behavior when demand is elastic because the restriction imposed on competitors will not affect the demand for the goods.
