Because firm (A,B, C) has the highest cost of reducing pollution by 1 unit, it would like to (sell 30 permits to, buy 30 permits from) another firm.
Since the vedic age existed circa 1750–500 BC, both <u><em>technology</em></u> would have greatly limited what could be developed for trade, and <u><em>transporation</em></u> (roads) would have been very underdeveloped between distant villages, thus, this would have been a limiting factor on the types of goods that could have been traded (i.e. mostly goods available in the local region would have been available for trade)
Answer:
e. $4,500
Explanation:
Year Depreciation overstated Prepaid expense omitted
1 $2,500 $3,000
2 $4,000 $2,000
Year 2's net income = net income (year 2) + overstated depreciation (year 2) + omitted prepaid expenses (year 1) - omitted prepaid expenses (year 2) = $18,000 + $4,000 + $3,000 - $2,000 = $23,000
This means that year 2's net income was understated by $5,000.
But year 1's net income was overstated by = $2,500 - $3,000 = -$500.
The adjustment on the retained earnings account should be $5,000 - $500 = $4,500
Answer: $7,450
Explanation:
Employees are not charged Federal and State unemployment taxes so Salaries payable should be;
= Gross pay - Federal Income tax withheld - Social security tax - Medicare
= 10,000 - 1,800 - (10,000 * 6%) - (10,000 * 1.5%)
= 10,000 - 1,800 - 600 - 150
= $7,450
Answer:
c. Given this information, Company A must have the higher ROE.
Explanation:
ROE = Net income/Total assets. Interest expense is higher for Company A, hence its net income is lower than Company B's. Therefore, ROE of A < ROE of B
