Answer:
Preliminary cash balance = - $13,400.
Explanation:
We know,
Cash at hand = Preliminary cash balance + Additional borrowings from bank.
Given,
Cash at hand = $5,600
Additional borrowings from bank = $19,000
Putting the values into the formula, we can get
Cash at hand = Preliminary cash balance + Additional borrowings from bank
Or, $5,600 = Preliminary cash balance + $19,000
Or, $5,600 - $19,000 = Preliminary cash balance
Or, Preliminary cash balance = - $13,400.
Therefore, the company had no cash at the beginning; rather, they had to use other people's money.
Complete Question:
When property rights are well defined and markets are competitive, the
Group of answer choices:
a. market equilibrium violates the conditions for economic efficiency.
b. market equilibrium is consistent with economic efficiency.
c. conditions necessary for economic efficiency no longer apply.
d. quantity supplied will rarely equal the quantity demanded.
Answer:
b. market equilibrium is consistent with economic efficiency.
Explanation:
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.
Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.
<em>This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy. </em>
Answer:
Explanation:
It is given that there is a liability to creditors of 6,500
Total assets = Total liability + Shareholder's equity
a) Shareholder's equity = Total assets - Total liability = 10,250 - 6,500 = 3,750
b) Shareholder's equity = Total assets - Total liability = 5,900 - 6,500 = -600
Answer: Explicit Costs
I hope it helps
Answer:
C 14.45
Explanation:
Return on equity = .084 ×(1 + .72) = .1445, or 14.45 percent
