Financial markets bring together people interested in purchasing or selling what?

After graduation, you face a choice. you can work for a multinational consulting firm and earn a starting salary (benefits inclu

Wittaler [7]

Answer: Accounting profit= $44,500

Economic Profit = $4,150

Explanation: Accounting profit are the profit earned by subtracting explicit cost from the total revenue earned.

$Accounting profit = Revenue - Explicit cost$

Economic profit are profits lefts out after subtracting implicit (opportunity) cost and explicit ( monetary) costs. It is given by

$Economic profit = Revenue - Explicit cost - Implicit Cost$

In this case, the explicit cost include rental cost, office supplies, office staff and telephone expenses.

While, implicit cost include the 7% interest foregone on the $5000 savings and the salary foregone ($40,000) by choosing to startup a business than take up the job.

3 0

4 years ago

Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income fo

Lady bird [3.3K]

Answer:

711,300

Explanation:

Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense

Net Income 624,000

Depreciation and amortization 87,000

Decrease in accounts receivable 22,000

Increase in inventories (9,200)

Increase prepaid expenses (8,500)

Increase in salaries payable 10,000

Decrease in income taxes payable (14,000 )

Net cash generated from operating activities 711,300

7 0

3 years ago

Next to the following list of eight characteristics of business organizations, select a brief description of how each characteri

Gemiola [76]

Answer:

1. Owner authority and control - one vote per share, readily transferred

2 Ease of formation - requires government approval

3. Transferability of ownership - readily transferred

4. Ability to raise large amounts of capital - high ability

5. Duration of life - Unlimited

6. Owner liability - limited

7. Legal status - separate legal entity

8. Tax status of income - corporate income is taxed

Explanation:

A corporation is a business type :

1. Ownership of a corporation can be acquired by acquiring shares of the corporation.

2. A corporation requires government approval and a lot of legal requirements before it can be formed.

3. A corporation can raise capital through issuing shares, bonds and borrowing from financial institutions .

4. The liability of shareholders who are the owners are limited to the amount invested.

5. Corporate income is taxed and profit distributed to shareholders are also taxed.

6. A corporation is a separate legal entity.

7. The life of a corporation can be unlimited.

8. One share is equal to one voting right.

I hope my answer helps you

4 0

3 years ago

A law firm seeks to recruit top quality experienced lawyers. the total package offered is the sum of three separate components:

Elena-2011 [213]

Answer:

S = 1.2N + 3,000E + 1,000 * (A - 21)
$204,000

Explanation:

1. An extra $1,000 for every year that they are over the age of 21. If the person is A years of Age then the expression is 1,000 * (A - 21).

An additional $3,000 for each year worked as a qualified lawyer. If the person has E years experience. Expression = 3,000E.

The basic salary is 1.2 time the candidate current salary. If the person currently earns $N the expression is; 1.2N

Putting that all together;

S = 1.2N + 3,000E + 1,000 * (A - 21)

2. Variables are; N = 150,000; E = 5 ; A = 30

S = 1.2N + 3,000E + 1,000 * (A - 21)

= 1.2 * 150,000 + 3,000 * 5 + 1,000 * (30 - 21)

= $204,000

7 0

3 years ago

Suppose that you have received $300 as a birthday gift. You can spend it today or you can put the money in a bank account for a

Bingel [31]

After one year you will be able to get 305 extra dollars then what you have put in hope this helps you

6 0

3 years ago