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2 years ago

In a competitive market, no single producer can influence the market price because:

Business

1 answer:

AURORKA [14]2 years ago

8 0

Answer:

many other sellers are offering a product that is essentially identical.

Explanation:

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At the beginning of 2009, Little Company bought a bond with a $18 million face value and an annual coupon rate of 7.4%. It has a

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Coño coño means coño coño

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3 years ago

Suri is graduating from college soon and has been contemplating her career choices. She is graduating with a bachelor’s degree i

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3 years ago

Read 2 more answers

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as foll

gavmur [86]

Answer:

1-a. ACME corporation is 1.26

Wayne corporation is 1.09

1-b. ACME corporation

Explanation:

ACME ($ in millions) Wayne ($ in millions)

Total current assets $ 12,987 $ 8,258

Total current liabilities $ 10,301 $ 7,545

1-a) Formula for calculating current ratio: Current ratio = Current assets ÷ Current liabilities

ACME corporation, current ratio = $ 12,987 million ÷ $ 10,301 million = 1.26

Wayne corporation, Current ratio = $ 8,258 million ÷ $7,545 million = 1.09

1-b. The higher the current ratio, the better the liquidity position. ACME corporation has the better ratio.

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2 years ago

Reynolds Construction Materials Company has a sales office that sells concrete culvert pipes to property developers. The sales o

Hatshy [7]

Answer:

The flexible budget variance for the 40minusinch pipe is $1,200 favorable

Explanation:

According to the given data we have the following:

Actual sales revenue=$31,700

Flexible budget=$30,500

Therefore, in order to calculate the the flexible budget variance for the 40minusinch pipe, we would have to use the following formula:

Flexible budget variance = Actual sales revenue - Flexible budget

Flexible budget variance =$31,700 - $30,500

Flexible budget variance =$1,200 F avorable

The flexible budget variance for the 40minusinch pipe is $1,200 favorable

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2 years ago

Blair Madison Co. issues $2.0 million of new stock and pays $291,000 in cash dividends during the year. In addition, the company

artcher [175]

Answer:

$809,000

Explanation:

Bliss madison offers $2,000,000 new stocks

He pays $291,000 in cash dividend

The company took advantage of the falling interest rate to borrow $1,600,000

They paid off bonds with an existing face value of $2,500,000

Therefore the net cash flow can be calculated as follows

= 2,000,000-291,000+1,600,000-2,500,000

= 809,000

Hence the net cash flow is $809,000

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2 years ago