<span>Let's think about you want to build your home. You know 3 constructors who can build your home as you want to. But the price rate vary to each constructors. so made a tender and call these 3 constructors to join. At last they present their rate to build your building. Here is the question that who would you choose? You must choose that constructor who present the least rate for that tender. And you select the ONE. so you take a competition on three of them. that's why market need adequate competition. So you done it by lower price.
It is a important terms that highly executed in business world. Think you want to buy something from another company but you don't know about that product. It means you are ignoring the fact that your money is under a good deal or bad. you have no interest about your money. but you are doing business for the money. so that you need that adequate information for that product. nothing else...</span>
Answer:
a). $12,850 b.) 550
Explanation:
a). Shareholder equity
The shareholder equity consists of the shareholder capital contributions plus the retained earnings. calculating the shareholder's equity is through the formula shareholder equity = total assets -total liabilities
In this case,
Total assets = $5,000,+ $23,300= $28,300
Total liabilities = $4,450 + $11,000 + $15,450
Shareholder equity = $28,300 -$15,450 = $12,850
b). Net working capital
Net working capital is the difference between current assets and current liabilities. i.e., net working capital is current assets - current liabilities
current asset = $5000
Current liabilities = $ 4,450
Net working capital; = $5,000 - $4,450= $550
Answer:
The average daily balance=$113.32
finance charge =$1.98
the new balance =$101.97
Explanation:
The formulas for computing each of the amounts above are found in the excel file attached. Kindly note the formulas for subsequent assignments.
Answer:
$21,140
Explanation:
The computation of the total inventory cost is shown below:
= Acquired cost + Sales staff salaries + transportation-in costs by train + online advertising costs + shipping insurance costs + used panel restoration costs + lawn care costs
= $12,400 + $4,900 + $620 + $280 + $390 + $1,400 + $1,150
= $21,140
All those costs which are related to the inventory cost are to be recognized.
