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3 years ago

Equilibrium price and quantity are determined by:

Business

1 answer:

Gnoma [55]3 years ago

6 0

Answer:

a.both demand and supply

Explanation:

equilibrium can only be attained if supply and demand are at balance (favourable)

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Alabama Corporation, an S corporation, liquidates this year by distributing a parcel of land to its sole shareholder, Mark Ingra

Darina [25.2K]

Answer:

Alabama recognized gain is = $26000

mark recognized is = $34600

basis in land is fair market value = $70,400

Explanation:

given data

fair market value = $70,400

tax basis = $44,400

basis = $35,800

to find out

amount of gain or loss and How much gain must Mark recognize as distribution and what is his basis in land

solution

we get here Alabama recognized is express as

Alabama recognized is = fair market value - tax basis

Alabama recognized is =$70400 - $44400

Alabama recognized gain is = $26000

and

we know gain increase his stock basis from $35800 to ( 26000 + 35800) = $61800

so we recognized gain allocated is = $70400 - $61800 = $8600

and

here mark recognized is = gain allocated + Alabama recognized gain

mark recognized is = $8600 + $26000

mark recognized is = $34600

and

basis in land is fair market value = $70,400

5 0

4 years ago

_____ involves making slight modifications to existing products in an effort to distinguish a product from the competition.

dexar [7]

Continuous innovation involves making slight modifications to existing products in an effort to distinguish a product from the competition.
your answer is continuous innovation
hope that helps

5 0

3 years ago

Bringing account balances up to date before preparing financial reports is called____. A. posting B. adjusting C. journalizing D

guajiro [1.7K]

I think the correct answer among the choices listed above is option C. Bringing account balances up to date before preparing financial reports is called journalizing. This step involves the writing of financial accounts in a journal.

5 0

4 years ago

Read 2 more answers

Playtown Corporation purchased 75 percent of Sandbox Corporation common stock and 40 percent of its preferred stock on January 1

Nesterboy [21]

Answer:

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

Explanation:

When dealing with consolidation of Financial Statements, the Equity and Retained Earning in the Subsidiary has to be eliminated from the records whilst the Investment in Subsidiary and the Non-Controlling Interest in Subsidiary are recognized.

Elimination of the common items in consolidation is done by the use of Pro-forma Journals.

Goodwill or Gain on Bargain Purchase are also recognized on the date of acquisition of subsidiary.

Goodwill is the excess of Purchase Price and Non-Controlling interest over the Net Assets Acquired.While Gain on Bargain Purchase is the excess of Net Assets Acquired over Purchase Price and Non-Controlling interest.

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

8 0

4 years ago

A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:

ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0

3 years ago