Answer:
Four (4)
Explanation:
The normal balances of the listed accounts are as follows.
Accounts Payable: credit balance
Cash: debit balance
Prepaid Rent: debit balance
Common Stock: credit balance
Salaries Payable: credit balance
Equipment: debit balance
Supplies: debit balance
Rent Expense: debit balance
Four of the eight accounts have credit balances.
Answer:
$4,800,000
Explanation:
Widget corporation purchased all of its fixed assets three years ago for $6 million
These assets can be sold today for $3 million
The company receives $1.8 million in cash after liquidation of current assets
Therefore the market value of the company's total assets today can be calculated as follows
Market value = $3,000,000 + $1,800,000
= $4,800,000
Hnence the company's market value for today is $4,800,000
Answer:
Return on company's stock = 15.6%
Explanation:
<u><em>The capital asset pricing model (CAPM)</em></u><em> relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c</em>
Using the CAPM , the expected return on a asset is given as follows:
E(r)= Rf +β(Rm-Rf)
E(r) =? , Rf- 6%, Rm- 14%, β- 1.2
E(r) = 6% + 1.2× (14- 6)%
= 6% + 9.6%
= 15.6%
Return on company's stock = 15.6%
Answer:
Correct statement is (B)
Explanation:
Marketing channel is the combination of all the people who are responsible for delivery or reach of the product from producer to the last consumer.
Thus, it is a chain from producer to wholesaler to retailer and then to consumer.
Marketing channel makes sure about the market present for the next level. That is for producers it provides wholesalers, for wholesalers it provides retailers and to retailers it provides consumers.
Thus, statement (B) is correct.
Answer:
<em>The elasticity of Yvette's labor supply is 2.67 and the value is greater than 1 so the wage range is elastic.</em>
Explanation:
The wage one is given as
= $35
The Quantity of time is given as 
=4 hours
The second wage is given as 
=$45
The quantity of time for second wage is 
=8 hours
So the calculation of elasticity is as
By replacing the values
So <em>The elasticity of Yvette's labor supply is 2.67 and the value is greater than 1 so the wage range is elastic.</em>
