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3 years ago

6. What are complements? evonomics

Business

1 answer:

hichkok12 [17]3 years ago

3 0

Answer:

The answer is below

Explanation

Complements in economics is a term that is used to describe goods that are used or consumed together. For example, pencil and eraser, pen and paper, etc.

Complements are goods in economics whose value is increased when combined with other goods. Another example of complement goods is movies and popcorn

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Question 3: Economic value-added (EVA) Net operating profit before taxes is $1,800. Total assets (invested capital) are $8,500,

posledela

Answer:

- $454

Explanation:

Net Operating Profit after tax = Net operating profit before tax - tax rate

= $1,800 - 20%

= $360

Economic Value Added:

= Net Operating Profit after tax - (Capital Invested × Weighted average cost of capital )

= $360 - [($8,500 - $1,100) × 11%]

= $360 - ($7,400 × 11%)

= $360 - $814

= - $454

7 0

3 years ago

Colleen Mooney earned a salary of $400 for the last week of September. She will be paid on October 1. The adjusting entry for Co

gayaneshka [121]

Answer:

b. Salaries and Wages Expense 400 Salaries and Wages Payable 400

Explanation:

The expense shall be recognized in the accounts of Colleen's employer at September 30, in respect of the salary earned by Colleen Mooney for the last week of September.

The following adjusting entry shall be recorded in Colleen's employer accounts:

Debit Credit

Salaries and Wages Expense 400

Salaries and Wages Payable 400

Based on above journal entry, the answer shall be b. Salaries and Wages Expense 400 Salaries and Wages Payable 400

3 0

3 years ago

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romula

muminat

Answer:

1) Book Value= $16,464,000

2) Market Value = $19,080,000

Explanation:

The first question is to determine the book value of Klingon's assets today. Book value is the carrying value of the business in its balance sheet.

Book Value = Net working Capital + Current Liabilities + Net Fixed Assets

Net working Capital= $226,000

Current Liabilities= $700,000

Net Fixed Assets= $15,500,000

Book Value = $226,000+ $700,000+$15,500,000= $16,464,000

2) Calculate the market value

The formula for market value = How much the machinery was sold to Romulans today+ today's value of the current assets if they are liquidated

The market value of assets is a function of the current market price they can be sold for and received on the day of the valuation

Market Value= $18,000,000 + $1,080,000= $19,080,000

4 0

3 years ago

The financial records of LeRoi Jones Inc. were destroyed by fire at the end of 2014. Fortunately, the controller had kept certai

Stolb23 [73]

Answer:

LeRoi Jones Inc

Income statement for the year 2014

Sales (100/8 × $100,000) $1,250,000

Less Cost of Sales

Beginning merchandise $92,000

Add Purchases $481,600

Less Ending merchandise ($92,000 - 20%) ($73,600) ($500,000)

Gross Profit $750,000

Less Expenses :

Sales Discounts $17,000

Interest expense $20,000

Administrative expenses ($500,000 × 20%) $100,000 ($137,000)

Profit before tax $613,000

Income tax expense at 30% ($183,900)

Net Income / Loss $429,100

Earnings Per Share $21.46

Explanation:

Notes on income statement preparation

Use the statistical data to fill in the line items of the Income Statement as shown above.

For the Calculation of Sales, first calculate the administrative expenses. Apply the 8% on the administration cost to find sales at 100%.

Earnings Per Share = Earnings attributable to holders of Common Stock ÷ Weighted Average Number of Common Stock

= $429,100 ÷ $20,000

= $21.46

8 0

3 years ago

Once stimuli are in the brain, they are processed by what?

Anastasy [175]

Processed by the cerebral cortex only

5 0

4 years ago