Checking account is the right answer
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12 % annual dividend and a $100 par value and was sold at $97.50 per shar
Answer:
29,143
Explanation:
Profit target = 25% on sales
Fixed cost = $51,000
Variable cost = $9.50 per unit
Sales price per unit = $15
To achieve profit target, let the number of units sold be y
Total sales = 15y
Total variable cost = 9.5y
Profit = 0.25 × 15y
= 3.75y
Sales - Cost = profit
15y - (51000 + 9.5y) = 3.75y
15y - 9.5y - 3.75y = 51000
1.75y = 51000
y = 51000/1.75
y = 29143
29,143 bears must be sold to meet the profit goal.
Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.
Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.
Price=Average Total Cost Total Revenue is equal to total cost so there
is zero economic profit.
Price>ATC It means that firm is earning short run
economic profit.
Price<ATC It means firm is earning Short Run Economic
Loss
Price> Marginal Revenue It means firm has market power
Price>Marginal Cost Mark up
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Answer:
Relevance and faithful representation
Explanation:
The is a general consensus that accounting information must possess certain basic characteristics for it to be useful to the users of financial statement. The International Accounting Standards Board (1ASB) gave voice to this assertion when it prescribes some basic characteristics of accounting information which are 1. Understandability 2. Relevance 3. Reliability 4. Comparability. 5. Materiality. 6. <em>Faithful representation.</em> 7. Substance over Form. 8. Neutrality. 9. Prudence. 8. Timeliness. 9. Completeness.
Faithful representation is the requirement that financial statement must be accurate and must show a true and fair view of the position of the business.
