Answer and Explanation:
The computation of the ending balance of the work in process is shown below:
For April month
= $6,100 + $5,900
= $12,000
For May month
= $5,900 + $5,800 + $5,100 + $6,800
= $23,600
For June month
= $6,800 + $4,600
= $11,400
In this way the ending work in process is to be calculated for each month and the same is to be considered
Answer:
i) the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).
ii) $25465.16
iii) attached below
Explanation:
Given that the equation is
^cons = -124.84 + .853 * inc
<u>i) Interpret the intercept in this equation and comment on its sign and magnitude</u>
intercept : the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).
The slope = .853 is positive because consumption is will increase by 0.853 whether the income rises or decreases by the value of 1
<u>ii) Determine the predicted consumption when family income = $30000</u>
^cons = -124.84 + 0.853 * ( 30000 )
= 25465.16
hence when family income = $30000 the predicted consumption = 25465.16
<u>iii) Draw a graph of the estimated MPC and APC ( inc on the x-axis )</u>
MPC = 0.853 ( constant )
APC = Cons / inc
attached below is the required graph
Answer: 5.88%; 8.40%
Explanation:
In finance, the holding period return is simply the return that a portfolio or an asset has accrued during the entire period that the asset or portfolio was being held. It is a way of measuring the performance of an investment.
Based on the information that have been provided in the question,
HPR without margin will be:
= ($54 - $51)/$51
= $3/$51
= 0.588
= 5.88%
HPR with margin will be:
= ($54 - $51)/($51 × 0.70)
= $3/($35.7)
= 0.84
= 8.40%
Answer:
4) what is analysis skill? why is it important in busines?
answer:
Analytical skills are important because they allow people to find solutions to various problems and make concrete decisions and action plans to solve those problems.
Answer:
Total Liabilities = $62.273 million
Explanation:
<em>The accounting equation state that :</em>
Total assets = capital + liabilities.
<em>This is a fundamental relationship that underpins the preparation of financial statements</em>
<em>Capital for a company is represented by the shareholders funds which is the book value of issued common stock, share premium plus the retained earnings.</em>
So we can apply the equation to the figures of Chester Corporation
81.965 =( $2.540 + 17.152 ) + liabilities
Liabilities = 81.965 - ( $2.540 + 17.1552 )
= $62.273 million
Total Liabilities = $62.273 million
