Answer:
$214,000
Explanation:
Total Revenues ($740,000 + $103,000) =$843,000
−Total Operating costs ($570,000 + $59,000)
=$629,000
= Total operating profit = $214,000
Therefore Assuming that there are no changes to the existing body shop business, operating profits would be expected to increase during 2021 by $214,000
Answer:
true
Explanation:
The amount of sales variables (units sold and price) are correlated then a change in 1 will always alter the other.
The two main accounting methods are cash accounting and accrual accounting. Cash accounting records revenues and expenses when they are received and paid. Accrual accounting records revenues and expenses when they occur. Generally accepted accounting principles (GAAP) requires accrual accounting.
Answer:
The answer is letter "C": Producer surplus and consumer surplus will increase because the market becomes more efficient.
Explanation:
Named after English economist Arthur C. Pigou (1877-1959), the Pigovian Tax or corrective tax is a fine imposed against taxpayers for being part of activities that generate negative side effects. According to Pigou, these externalities play a negative role in the market to reach equilibrium.
It is true that the corrective tax encourages market efficiency but it doesn't imply the tax will lead to producer or consumer surplus, since those are actually influenced by basic supply and demand laws, making option "C" a false statement.
Answer: -2.55%
Explanation:
The formula to calculate Forward Rate is:
Forward Rate = Spot rate X 
where 
is the Interest rate of the overseas country and
is the Interest rate of the domestic country
$0.0052 = 0.005 X 
$0.0052 X 
= 0.005 X 1.0135
$0.0052 X = 0.0050675
= 
= 0.9745 - 1
= - 0.02548
The yield on 180-day risk-free securities in the United States is -2.55%
