Answer and Explanation:
The computation is shown below;
1-a
Current liabilities:
Acccounts payable $54,000
Income tax payable $15,000
Liability for withholding taxes $1,000
Rent revenue collected in advance $11,000
Wages payable $11,000
Property tax payable $7,000
Note payable $13,000
Interest payable $700
Current liabilities $112,700
1-b
Total assets $530,000
Less: Non Current assets $306,000
Current assets $224,000
Less: Current liabilities - $112,700
Working capital $111,300
2.
In the case when the company reported $250,000 as the contingent liability so it should not be impacted as they are not yet recorded
Answer:
$245,700
Explanation:
Variable cost is cost thay changes with production e.g. wages
Fixed cost is cost that does not vary with production e.g. rent
Total cost = Total fixed cost + variable cost
Variable cost = $ 329,000 - $ 175,000 = $154,000
Total variable cost for 170,000 units. Average variable cost = $154,000 / 170,000 = $0.91
Total variable cost for 270,000 units = 270,000 x $0.91 = $245,700
I hope my answer helps you
Answer: D. All of the above
Explanation:
Economic policies are the policies athat are out in place by the government in order to control economic activities.
These policies are used to reduce inflation, provide employment opportunities, increase standard of living, encourage economic growth etc.
If the government and Central Bank don't use economic policy, that s cs lead to inflation, increase in unemployment and fall in the GDP.
Therefore, the answer is option D
Answer:
The correct answer is letter "B": satisfaction that results from the consumption of a good.
Explanation:
Utility is referred to as the satisfaction or joy an individual perceives by consuming a good or service. The more the individual consumes that good the higher the satisfaction until a point where the joy starts to diminish and is eventually null. The concept of utility assumes individuals make rational decisions to maximize their benefits.
Answer:
b. Related Diversification.
Explanation:
As Smart Systems Inc. is a firm that manufactures and sells desktop computers to the consumer and business market segments. After extensive market research and portfolio planning, the firm decides to launch a new line of mobile phones. Digi-Smart Systems uses related diversification strategy to launch new line of mobile phones. Related diversification happens when an organization expands its operations, activities or product and services into product lines that are similar to those which they are currently offering to its customers. As it can be seen in this example as well when Smart Systems Inc. which is the manufacturer of desktop computers has started making mobile phones as well.