Answer
<u>Market surplus will lower the prices for goods and increase the consumer quantity demand for the products.</u>
Explanation
A market surplus is when there is excess supply. The quantity supply in this case is greater than the quantity demanded. Producers will be faced with a hard time to sell all their goods. This will make them lower their prices to make their products more appealing to consumers. Firms will also have to lower market prices in order to stay competitive. In response to the reduced prices, consumers will increase the quantity demanded thus moving the market to an equilibrium price and quantity. This is a case where excess supply has exerted a downward pressure on the prices of the products.
Answer:
Examples of bad faith include undue delay in handling claims, inadequate investigation, refusal to defend a lawsuit, threats against an insured, refusing to make a reasonable settlement offer, or making unreasonable interpretations of an insurance policy.
Explanation:
Answer:
The basic EPS for Junkyard Arts, Inc. is $5.2 per share.
Explanation:
The basic earnings per share is the amount of net income that is earned per share of common equity or the amount of net income attributable to each share of common stock. The basic earnings per share (EPS) is calculated using the following formula,
Basic EPS = (Net Income - Preferred stock dividend) / Weighted average number of common shares outstanding
The preferred stock dividend for the period was = 8 * 2500 = 20000
Basic EPS = (290400 - 20000) / 52000
Basic EPS = $5.2
A business person would most likely use seed capital to start a new business or use it to contribute financially to the business.
