The total cost that is incurred by producing 100 doughnuts is equal to the sum of the variable cost and the fixed cost. The total variable cost is,
total variable cost = ($2/doughnut)(100 doughnuts) = $200
The total cost is,
Total cost = total variable cost + total fixed cost
TC = $200 + $500 = $700
Equating the cost and the revenue,
TC = TR
$700 = (100)(x)
The value of x from the equation is $7.
ANSWER: $7.
Answer:
The balance in the Treasury Stock account reduces total Stockholders' Equity
Explanation:
Treasury stock also known as reacquiring stock refers to outstanding shares which were previously owned by a company which is then bought back by shareholders of that company. Treasury stock do not have much value but provide means of raising the price of share which in turn provides profits for investors.
Treasury stock is normally recorded in the shareholders equity section of the balance sheet representing the number of repurchased shares from the open market, thereby reducing shareholder's equity by the amount paid for the stock
Answer:
Demand drops to zero
Explanation:
Infinite elasticity of demand is also called perfect elasticity of demand.
In this scenario the demand for a product is attached to it's price.
There is an infinite change in the quantity demanded as a result of change in price.
Graphically it is a horizontal demand curve as represented in the attached
Even a small increase in price will cause demand to fall to zero.
Examples are luxury goods such as high end cars and expensive jewelry.
Answer:
The number of shares that Brick should use to calculate 2015 diluted earnings per share are 202,000 shares
Explanation:
The computation of the number of shares are shown below:
= January 1 shares + may 1 shares + convertible cumulative preferred stock
= 170,000 shares × 4 months ÷ 12 months + 200,000 shares × 8 months ÷ 12 months + 12,000 shares
= $56666.67 + $133,333.33 + $12,000
= $202,000 shares
The 4 months are calculated from January 1 to May 1, 2015
And, the 8 months are calculated from May 1 to December 31
Answer:
A. must be more detailed for disclosures that involve fewer than 50 subject records.
Explanation:
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 was a bill enacted by the 104th U.S Congress and was signed in 1996 by President Bill Clinton. It is a federal law that protects sensitive patient health information from being disclosed without their knowledge, approval or consent and payment of health care insurance for employees.
For example, an employee or worker can receive health insurance from his or her former employer even after changing job because of the Health Insurance Portability and Accountability Act (HIPAA).
When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records.
