Answer:
$42,500
Explanation:
Red carpet had retained earnings of $537,500 and a net income of $135,000
On the previous balance sheet the retained earnings that was reported was $445,000
The first step is to calculate the change in retained earnings
= $537,500-$445,000
= $92,500
Therefore the amount of dividend paid by the firm can be calculated as follows
=Net income-change in retained earnings
= $135,000-$92,500
= $42,500
Hence the dividend paid by the firm during 2019 is $42,500
Different sellers of wheat like MacDonald's farm and Mickey's Farm where they do not have an influence on the price marks the existence of pure competition in the economy.
<h3>What is pure competition?</h3>
Pure competition refers to a market where there is free entry and exit of buyers and sellers in the market selling exactly the same product with, no buyer or seller can influence the price.
Hence, if there is a pure competition in the wheat market, none from the aforementioned sellers would be able to sell enough so that they can influence the price.
Learn more about pure-competition here:
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Quince's right to hold ray liable for any damages he has to pay is the right of indemnification. The correct answer is letter A. Indemnification is defined as a contractual obligation by which one party is obliged to compensate the loss by which the associated party has experienced because of the act done by the other.
It's incorrect to say competitive strategy- because LVMH is not a business. LVMH doesnt compete with anyone because it is a conglomerate of decentralized brands. Each brand has its own DNA/story/value proposition and its own competitors and unique business strategies.
Having said that, LVMH's 'corporate' strategy is to hold a portfolio of the most cherished, coveted luxury brands and add value through its specialized resources - sourcing, its supply chain management, brand management and talent.
Answer:
Hilary's adjusted basis at the end of the year $0
Explanation:
Hillary's base in general business income and tax-free income grows and then deducts
. He understood the cash flow from his original cash disbursement and partnership debt reduction. Hillary must report a capital gain of $ 12,000 on a zero interest basis in her partnership interest, since his actual and perceived cash distribution exceeds his base after raising it through a positive adjustment for the year.
$10,000 + $5,000 - $3,000 - $10,000 - $2,000 = 0