Answer:
Fruits and vegetables are produced seasonally, but the market requires products throughout the year. For many decades, this problem of matching product availability with consumer demand was solved in two ways:
Selling fresh products during harvest and shortly thereafter
Processing the rest to meet demand during the rest of the year
Explanation:
Answer:
Payable days
= Accounts payable/Cost of goods sold x 365 days
= $17 million/$135 million x 365 days
= 46 days
Explanation:
Payable days could be calculated as the ratio of accounts payable and cost of goods sold multiplied by number of days in a year. Accounts payable in the current year is $17 million and cost of goods sold amounted to $135 million.
Answer:
The amount of the tax on a bottle of wine is <u>$3</u> per bottle;
Amount of tax = Amount paid by consumers - Amount received by producers
= 5 - 2
=$3
Of this amount, the burden that falls on consumers is $1 per bottle;
Burden on consumer = Price paid by Consumer after tax - Price paid before
= 5 - 4
= $1
The burden that falls on producers is $2 per bottle;
Burden on producers = Tax - Consumer burden
= 3 - 1
= $2
The effect of the tax on the quantity sold would have been the same as if the tax has been levied on producers. FALSE
If the tax had been on producers then the price might not have increased as it did. This would leave the price at or close to the point it was at and consumers would still be able to afford more of the bottles.
Answer:
<u>Year 2016</u>
Payout ratio
= (Dividends Paid to Common Stockholders/ Net Income) * 100
= 655/730 * 100
= 89.7%
Return on Common Stockholder's Equity
= ((Net Income - Preferred Stock Dividend) / Average Common Stockholder's Equity) * 100
= ((730 - 40)/ 3,090) * 100
= 22.3%
<u>Year 2017</u>
Payout ratio
= (Dividends Paid to Common Stockholders/ Net Income) * 100
= 365/ 685 * 100
= 53.3%
Return on Common Stockholder's Equity
= ((Net Income - Preferred Stock Dividend) / Average Common Stockholder's Equity) * 100
= ((685 - 40)/ 3,015) * 100
= 21.4%
