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3 years ago

Really need some help here, no links please. The subject is Economics/Business.

Business

1 answer:

Setler79 [48]3 years ago

8 0

Answer:

The third option appears to be the best answer

Explanation:

really hope this helps you!

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In the sample scenario, what does this mean about the elasticity of wheat in relation to supply?

Xelga [282]

A- Wheat is relatively inelastic.

7 0

4 years ago

Read 2 more answers

Lois Bragg owns a small restaurant in Boston. Ms. Bragg provided her accountant with the following summary information regarding

Sergeeva-Olga [200]

Answer:

a. Compute the amount of funds Ms. Bragg needs to borrow for June.

$101,800

b. Determine the amount of interest expense the restaurant will report on the June pro forma income statement.

c. What amount will the restaurant report as interest expense on the July pro forma income statement?

$763.50

Explanation:

beginning balance AR $53,000

cash sales $148,000

credit sales $586,000 (70% collected in current month and 30% collected next month)

cash outflows = ($713,000)

minimum desired cash balance $31,000

Cash balance June 30 = $31,000 (beginning cash balance) + $53,000 (collected from May's AR) + $148,000 (cash sales) + $410,200 ($586,000 x 70%) = $642,200

Ending cash balance + outflows = $31,000 + $713,000 = $744,000

June's cash deficit = $744,000 - $642,200 = $101,800

interest expense due on July 31 = $101,800 x 9% x 1/12 = $763.50

6 0

4 years ago

Billie Bob purchased a used camera (five-year property) for use in his sole proprietorship in the prior year. The basis of the c

ludmilkaskok [199]

Answer:

$48

Explanation:

Property's been listed in the business and use drops by more than n 50%, we have to use the straight-line method and all prior years' excess depreciation has to be recovered. The asset's been recapture within the five (5) years and the half-year convention will to be applied.

The evaluation for the current year's depreciation before adjusting for the prior year is done as follows

$2,400 × 0.20 × 40% = $192.

But we have to recover prior depreciation of $144 ($2,400 × 0.20 × 60% = $288 taken less $144 (straight-line, ½ year)) that would have been taken.

6 0

4 years ago

LO 5.1Which of the following is a conversion cost?

Katen [24]

Answer:

direct labor

Explanation:

Conversion cost is an addition of direct labor and overhead expenses that occurs during the transformation of raw materials into finished products.

Examples of conversion costs are :

Direct labor

Rent

Depreciation

I hope my answer helps you.

8 0

4 years ago

Hamilton Corp. is making a $4.5mn securities offering under Rule 505 of Regulation D of the Securities Act of 1933. Under this r

Eva8 [605]

Hamilton is Limited to selling to no more than 35 non-accredited investors.

Explanation:

To qualify for this exemption, no more than 35 non-accredited investors may be involved.

There is no limit on the number of accredited investors who may be involved.

A non-accredited private investor is one with a net worth of under $1 million (including the spouse) who earning about $200.000 annually ($300.000 with the spouse) in the last two years. Individuals who do not fulfill the net interest criteria of a accredited investor under the Securities & Exchange Board Regulation D.

An comprehensive disclosure statement in nearly as great depth as is appropriate for an originally approved public offering by the Securities and Exchange Commission must be issued to each non-accredited investor.

5 0

3 years ago