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3 years ago

A small business investment company (sbi is a(n):

1 answer:

7 0

Small business is an independently owned and operated business. This business is operated for profit and is not dominant in its field. A small business investment company (SBI) is a privately owned firm that provide venture capital to small enterprises that meet their investment standards.
The management counseling for the small businesses is done by small business institutes.

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The subject has $8,000 pool and a $2,000 chimney but no porch. a comparable that sold for $199,000 has a $3,000 porch but no poo

Pavel [41]

If the comp sold for $199,000 but includes a $3000 porch and the subject has no porch, then we subtract the value of the porch to yield a base for the comparable of $196,000. Then, since the comparable has no pool or chimney, we add these values - $8,000 and $2,000, respectively - to that base value to yield an adjusted value of $196,000 + $8,000 + $2,000 = $206,000.

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4 years ago

A broker is an agent who:A. Trades on the floor of an exchange for himself or herself.B. Buys and sells from inventory.C. Offers

Viefleur [7K]

Answer:

D. brings buyers and sellers together

Explanation:

6 0

3 years ago

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of t

statuscvo [17]

Answer:

The standard cost is $5 per lbs

each units uses 2 lbs, so the unit stadard cost is $10

Explanation:

Volume variance

$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: efficiency \: variance$

std quantity 2800.00 (1,400 units times 2 pounds per unit)

actual quantity 3000.00

std cost ??

$(2,800-3,000) \times standard \: cost = -1,000$

difference -200.00

efficiency variance $(1,000.00)

-200 x Std cost = -1,000

Standard cost = -1,000/-200 = 5

The standard cost is $5 per lbs

each units uses 2 lbs, so the unit stadard cost is $10

3 0

3 years ago

The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisi

EleoNora [17]

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

5 0

3 years ago

South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $

drek231 [11]

Answer:

South Sea Baubles

1. Shareholders' equity in 2015 and 2016 = $300 and $260 respectively.

2. Net working capital in 2015 and 2016 = $25 and $110 respectively.

3. Taxes paid in 2016 = $84.

4. Cash provided by operations during 2016 = $666.

5. South Sea's gross investment in fixed assets = $100 ($105 - $95).

Explanation:

a) Data and Calculations:

BALANCE SHEET AT END OF YEAR (Figures in $ millions)

Assets 2015 2016

Current assets $ 105 $ 215

Net fixed assets 950 1,050

Total assets $1,055 $1,265

Current liabilities $ 80 $ 105

Long-term debt 675 900

Total liabilities $755 $1,005

Shareholders' equity $300 $260

Liabilities and Shareholders' Equity $1,055 $1,265

INCOME STATEMENT, 2016 (Figures in $ millions)

Revenue $ 2,025

Cost of goods sold 1,105

Gross profit $ 920

Depreciation 425

EBIT $495

Interest expense 255

Profit before taxes $240

Income taxes (35%) 84

Net Income $ 156

Cash provided by operations:

Net income = $156

Depreciation 425

Working capital:

Current assets 110

Current liabilities (25)

Net cash $666

8 0

3 years ago