Answer:
On the balance sheet, the inventory would appear as:
Inventory $248,000
Explanation:
In the notes to the accounts, the method of determining the cost and the method of valuing the inventory would be disclosed. It is not disclosed on the balance sheet, but on the notes to the accounts.
It would make the balance sheet appear unorganized to include details that should have been included in the notes. The presentation of information is very important in order to ensure that those reading the information understand it. Understanding is not aided by including information that could be displayed elsewhere.
Answer:
Alternative I: (Extra dividend)
Price per share is $ 46.20
Shareholder wealth per share is $ 42.40
Alternative II: ( Share repurchase)
For share repurchase, the price per share and the shareholder wealth is equal to the stock price.
Explanation:
Alternative I: (Extra dividend)
Amount spent = $19,000
Outstanding shares = 5,000 shares
Stock price = $50
Price per share = Stock price - 
= $50 - 
= $50 - $3.8
= $ 46.20
Shareholder wealth per share = Price per share -
= $46.20 - $3.8
=$ 42.40
Alternative II: ( Share repurchase)
For share repurchase, the price per share and the shareholder wealth is equal to the stock price.
Answer: de jure orporation
Explanation: In simple words, de jure corporation refers to an entity that is valid and legal in the eyes of law. If a corporation is De jure then it means it has the right to issue stock, conduct business and have board of directors etc.
In the given case, Keenan follows all the rules and procedures as prescribed by the law and have a certificate of incorporation.
Hence from the above we can conclude that the Keenan business is a de jure corporation.
Answer:
Quantity demanded of matches will remain unchanged, Quantity demanded of tomatoes will rise
Explanation:
Law of demand states that there is an inverse relationship between price of a good and it's quantity demanded, keeping other factors affecting demand as constant.
Price elasticity of demand refers to degree of responsiveness of quantity demanded of a good with respect to a change in it's price.
In the given case, price elasticity of demand for matches is inelastic since requirement of matches is fixed and consumer won't buy additional matches if the price is reduced. Thus a price decease will not increase the quantity demanded of matches.
On the other hand, tomatoes have various uses and thus, their demand is elastic. So if price of tomatoes drops, the quantity demanded of tomatoes would rise, keeping other factors affecting demand as constant.
Answer:
Direct labor.
Direct materials.
Manufacturing supplies.
Wages for the production staff.
Fuel or power consumption.
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