Answer:
$30,000
Explanation:
Calculation for the amount of equity income to reported
Using this formula
Equity income=[(Amount earned in 2012×(Outstanding common stock percentage +Additional percentage of Wiz)]
Let plug in the formula
Equity income = [($120,000 ×(15%+ 10%)]
Equity income = ($120,000 ×25%)
Equity income= $30,000
Therefore the amount of equity income to reported for 2012 will be $30,000
Answer: No, the parties expected the hardship and provided for it in their contract
Explanation:
Based on the information given in the question, Louis cannot get out of the contract. This is because the parties expected the hardship and provided for it in their contract.
This can be deduced when rather than paying $3 per bushel, in case of bad weather requiring additional workers, the rate would be $3.50 per bushel and it was agreed.
Therefore, Louis can't get out of the contract.
On basis of straight-line depreciation method,
Yearly depreciation expense = [Cost of investment - Salvage value] / life
In the current case, salvage vale is assumed to be $0 and the life is 7 years.
Total investment = $4 m + $ (15,000/1,000,000) m + $3 m = $7.015 m
Therefore,
Yearly depreciation expense = 7.015/7 ≈ $1.002 m
Answer:
A. Automotive Industry
3. Oligopoly
few sellers, many buyers
B. ACME Light and Power
4. Monopoly
Generally only one per city
C. Airline Industry
3. Oligopoly
high barriers to entry
D. Soda Industry
3. Oligopoly
Coke and Pepsi control most of the market
E. Beet Industry
1. Perfect Competition
many sellers, many buyers
F. Cable Television Industry
4. Monopoly
Generally only one per city, or at most 2
G. Agricultural Commodities
1. Perfect Competition
many sellers, many buyers
H. Athletic Shoe Industry
2. Monopolistic Competition
differentiated products