Answer:
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Explanation:
Given that
The gain is $1,000,000
And, the taxes is $350,000
So here the income statement that disclose the impact is that
There is a gain of $1,000,000 and also at the same time the income tax expense is rise by $350,000
Therefore the option d is correct
hence, the same would be considered
Answer: Option A
Explanation: In simple words, perfect competition refers to a market structure in which the the market have a large number of small buyers and sellers.
Due to this high volume of small level buyers and sellers no single party has the power to influence the price. The price in such market are determined by the market forces of demand and supply.
Hence from the above we can conclude that the correct option is A.
Answer:
2- A. Establish ground rules
3- D. Top management’s requirements.
Explanation:
2- An effective team is a well-integrated team, where the flow of information occurs effectively and where each member feels equally respected and an important part of the team, being able to contribute with ideas and feedback.
Therefore, for there to be cohesion and improvement of the team's performance, it is necessary to establish basic rules, to guide the behavior and actions of members and for there to be equality among all, in order to avoid conflicts and organize work.
3- to guide the process of the performance improvement team, the most important alternative is the requirements of senior management.
It is the managers who will coordinate, monitor and guide the action plans and develop the fundamental requirements for the execution of the business actions that will lead to the fulfillment of the objectives and goals.
It is given that the company failed to record $3,700 of insurance coverage that had expired and accrued salaries expense of $2,250. It means the company has failed to record the total expenses of (3700+2250) = $5,950. This understatement of the expenses shall result in an overstatement of the income in the Income statement. Further, it will also result in the overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250.
As a result of these two oversights, the financial statements for the reporting period will show overstatement of the income by $5,950 in the Income statement and overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250 in the balance sheet.
Answer:
marginal revenue is -6
and production levels 200, 50
Explanation:
given data
R(x) = 10 x - 0.04 x²
solution
we have given
R(x) = 10 x - 0.04 x²
so here R'(x) is
R'(x) = 10(1) - 0.4 (2x)
R'(x) = 10 - 0.8 x ....................1
so here at x is 20 marginal revenue will be
R'(20) = 10 - 0.8(20)
R'(20) = 10 - 16
R'(20) = - 6
and
when revenue is $400
R(x) = 400
400 = 10 x - 0.04 x²
x= 200, 50
