Answer:
The net income for 2015 is $204
Explanation:
The computation of net income is shown below:
= Beginning stock holder equity of 2015 year + difference in common stock or issue of stock - 2015 dividend - ending stockholder equity of 2015 year
where,
Beginning stock holder equity balance of 2015 year = $2,750
Difference in common stock = 2015 common stock - 2014 common stock
= 650 - 608
= 42
2015 dividend = 646
Ending stockholder equity of 2015 year = 1,942
Now, put the values on the above equation,
So,
Net income = $2,750 + $42 - $646 - $1,942
= $204
Other things are irrelevant. So, it is not be considered in the computation part.
Hence, the net income for 2015 is $204
Answer:
$2.81
Explanation
Completed and transferred (79,000 * 100%) 79,000
<u><em>Ending Work in Process</em></u>
Direct materials (14,000*60%) <u>8,400 </u>
Equivalent units <u>87,400</u>
Costs of beginning inventory $58,800
Costs incurred this period <u>$186,900</u>
Total costs <u>$245,700</u>
Cost per equivalent unit = Total costs / Equivalent units
Cost per equivalent unit = $245,700 / 87,400
Cost per equivalent unit = 2.811212814645309
Cost per equivalent unit = $2.81
Answer:
c) Core Rigidity
Explanation:
Core rigidity is the just like the opposite of a company's competency. Core Rigidity is caused by over reliance on success. As a firm relaxes on it's advantages or present success without looking for ways to improve, it's competitors are out there looking for ways to get better thereby having a greater competitive advantage.
For example here, Merton's toothpaste case here is of core rigidity because they rested on their competency for too long without sourcing for ways to improve while other personal hygiene companies improved and gained a great competitive advantage over Merton's Toothpaste.
