To determine the profit that the comedian makes at a performance where 25 people attend, we need to start by calculating the amount of money earned from the performance. We know that the comedian earned $80 from the performance.
Next, we need to calculate the cost of putting on the performance. We know that the performer used 32% of the money earned to pay the costs involved in putting on the performance. So we can find the cost by multiplying the amount earned by 0.32:
Cost = $80 x 0.32 = $25.60
Therefore, the cost of putting on the performance is $25.60.
Now that we know the cost, we can calculate the profit that the comedian makes. We know that the profit is equal to the amount earned minus the cost:
Profit = $80 - $25.60 = $54.40
Therefore, the profit that the performer makes at a performance where 25 people attend is $54.40.
It's important to note that in real-world scenarios, there may be other costs associated with putting on a performance that are not accounted for in this calculation. These costs could include things like transportation, lodging, and equipment rental. Additionally, the amount earned from a performance can vary depending on factors such as the location, audience size, and ticket prices.
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assets are recorded in the balance sheet in order of: question 18 options: a) historic value b) maturity c) liquidity d) market value
Assets are recorded in the balance sheet in order of liquidity.
A balance sheet, a kind of financial statement, contains a list of a company's equity, liabilities, and assets as of a certain date. Starting with the most liquid assets and concluding with the least liquid, the assets are listed in order of increasing liquidity. Since they may be swiftly converted into cash without suffering a significant loss in value, cash and its equivalents are frequently the most liquid assets.
Property, plant, and equipment are often the least liquid assets because they can take a while to sell and may not fetch the full market price. The balance sheet gives a picture of a company's capacity to fulfil its immediate obligations by listing assets in order of liquidity.
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an auditing firm audits 89 public companies that are issuers and 210 private companies. how often can this firm expect to be the subject of a pcaob inspection?
In general, the PCAOB inspects each firm either annually or every three years once every three years.
If a firm provides audit opinions for 100 or fewer issuers,the PCAOB generally inspects them at least every three years. Firms registered with the PCAOB and auditing 100 or more public issuers are subject to annual inspections.Audits are generally scheduled for three months. from start to finish,which includes four weeks of planning, four weeks of field work and four weeks of compiling the audit report.Auditors generally work on multiple projects in addition to their audit.The PCAOB strategically selects the audit engagements that are most likely to contain deficiencies when conducting its annual inspections.The PCAOB standards require audit firms to establish formal quality control systems,but the AICPA standards are silent on this issue.
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Which of the following is most likely an artificially scarce good or service?
a. Tickets to a boxing match
b. Pay-per-view of a boxing match
c. Health care
d. Police protection
The most likely artificially scarce good or service is option b: Pay-per-view of a boxing match, because the amount of access to the match is limited and regulated by the provider, making it hard to acquire or access outside of their restrictions.
What does artificial scarcity mean?Artificial scarcity refers to the situation where a good or service is made to be scarce by limiting its supply, even though it can be produced in greater quantities. This is often done to increase the price and make more profit.
In the case of a pay-per-view of a boxing match, the supply is artificially limited by only allowing those who pay for the service to view the match. This creates scarcity and allows the provider to charge a higher price.
On the other hand, tickets to a boxing match (option A) are naturally scarce because there is a limited number of seats in the venue. Health care (option C) and police protection (option D) are also naturally scarce because they require a certain amount of resources and personnel to provide the service.
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on july 1, 2023, smith industries signed a $155,000, one-year, 4 percent note payable. the principal and interest will be paid on june 30, 2024. how much interest expense should be reported on the income statement for the year ended december 31, 2023?
The company should report $3,100 as interest expense for the period from July 1 to December 31 when it produces its financial accounts.
How much interest expense should be reported on the income statement for the year ended december 31, 2023?The company might be required to disclose some of the interest expenditure it incurred between July 1 and December 31, 2023. The following calculation can be used to determine how much interest expense will be incurred for this time period: Interest expense is calculated as follows: (note principal) x (yearly interest rate) x (time period) In this instance, the note's principal is $155,000, the yearly interest rate is 4%, and the time since the notes was signed on July 1, 2023, is 6/12 (or 0.5). With these values entered into the equation, we obtain:
$155,000 x 4% x 0.5 = $3,100 in interest costs.
Therefore, the company should report $3,100 as interest expense for the period from July 1 to December 31 when it produces its financial accounts.
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____is a key activity of operations managers that involves ensuring that the right amount of resources is available when needed
Planning is a key activity of operations managers that involves ensuring that the right amount of resources is available when needed.
Planning activity includes determining the necessary resources, such as labor, materials, and equipment, and scheduling their use in order to meet production goals and deadlines. Planning also involves forecasting demand and ensuring that the organization has the capacity to meet that demand. By carefully planning and managing resources, operations managers can help ensure that the organization operates efficiently and effectively.
Planning can help a manager to establish his team's direction, removes and anticipates risks, and improve efficiency. Planning might come in 4 types:
Operational planningContingency planningStrategic planningTactical planningOperational planning refers to planning of day-to-day activities. This kind of planning requires an extreme because detailed identification about what, who, when, where, and why of all parties involved in an operation process must be clearly stated.
Contingency planning is used for unexpected situations when changes cannot be foreseen. Contingency planning consists of "what if" scenarios. Contingency planning is important because it might be the savior of a company when unexpected situation occurs.
Strategic planning is a high-level planning with aim to achieve big goals in the long term. Strategic planning include setting the business' vision and mission, also establishing KPIs.
Tactical planning refers to task prioritization with aim to achieve short-term goals.
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ipo underpricing the woods co. and the koepka co. have both announced ipos at $40 per share. one of these is undervalued by $12, and the other is overvalued by $5, but you have no way of knowing which is which. you plan to buy 1,000 shares of each issue. if an issue is underpriced, it will be rationed, and only half your order will be filled. if you could get 1,000 shares in woods and 1,000 shares in koepka, what would your profit be? what profit do you actually expect? what principle have you illustrated?
If both IPOs are underpriced by the stated amounts, the fair value of Woods Co. shares would be $52 ($40 + $12), and the fair value of Koepka Co. shares would be $45 ($40 - $5).
If the order for 1,000 shares of each issue is filled completely, the total cost of the investment would be:
$40 x 1,000 shares of Woods Co. = $40,000
$40 x 1,000 shares of Koepka Co. = $40,000
The fair value of the shares at the time of purchase would be:
Woods Co.: $52 x 500 shares (assuming rationing of the underpriced issue) = $26,000
Koepka Co.: $45 x 1,000 shares = $45,000
Therefore, the total profit would be:
$26,000 + $45,000 - $80,000 = $-9,000 (a loss of $9,000)
However, since one of the issues is likely to be rationed, the actual profit will depend on which issue is underpriced and how much of the order is filled. If the order for Woods Co. shares is filled completely and the order for Koepka Co. shares is only filled partially, the actual profit would be higher. If the order for Woods Co. shares is rationed and the order for Koepka Co. shares is filled completely, the actual profit would be lower. It is impossible to know which scenario will occur without more information.
This scenario illustrates the principle of underpricing in IPOs, which is a common occurrence in the stock market. Underpricing occurs when the offer price of the shares is set lower than the fair value, which can lead to a surge in demand and an increase in the share price on the first day of trading. This can result in significant profits for investors who are able to purchase the shares at the offer price and then sell them on the first day of trading at a higher price. However, it is difficult to predict which IPOs will be underpriced and by how much, making it a risky investment strategy.
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if the recipients of corn subsidies donate just 1% of the total amunt they receoe in subsidies how much could they raise to su[port lobbying efforts to continue corn subsidy
From special-interest effect and the collective-action problem they can raise to 30,000,000 (= 0.01 × $3 billion)
Special interest was created when a group, individuals, or organisation sought to alter or influence governmental decisions in order to benefit themselves. Most special interest organisations are nonprofit institutions. Examples of these particular organisations include business unions and trade groups. A special interest group (SIG) is a collection of people who work together within a larger organisation to advance a certain area of knowledge, education, or technology. Members may communicate, physically meet, and organise conferences as they collaborate to influence or create solutions in their specialised fields.
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which of the following are costs that are recognized for financial reporting when incurred? multiple select question. manufacturing costs product costs period costs nonmanufacturing costs
Costs associated with products are ones that, when incurred, are recorded for financial reporting.
Examples of product pricesDirect materials, production overhead, and allocated plant overhead are a few examples of product expenses. General and administrative expenditures, including as rent, office leasing, office supplies, and utilities, are examples of period costs.
How much does a thing cost over time?Since period expenses cannot be ascribed to any one product, they are paid as an expenditure rather than being divided up. Due to their direct connection towards the manufacturing of goods and services, the product cost is allocated to the products. This expense is based on time. This pricing is based on volume.
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When actual unemployment is less than its natural rate
A. the economy is expanding beyond its long-run capabilities.
B. the economy is producing within its long-run capabilities.
C. the numbers must be wrong because the actual unemployment rate can never be less than the natural rate.
D. the economy is in a recession.
E. the economy must be experiencing high inflation.
Option A is correct, when actual unemployment is less than its natural rate the economy is expanding beyond its long-run capabilities
What causes an expanding economy?The two primary forces behind economic growth are, in general, the growth of the labour force and the productivity (output per hour worked) of that workforce. Either would increase the overall size of the economy, but only strong productivity growth would increase per capita GDP and income.
When the unemployment rate is lower than the natural rate the output gap is?When real GDP is higher than potential GDP and the unemployment rate is lower than the natural unemployment rate, the output gap is positive (blue sections in both parts). The graph shows the estimated natural unemployment rate from the Congressional Budget Office.
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what is the main reason dark money has become an important concept for those interested in money in politics?
Dark money has become an important concept for those interested in money in politics because it refers to political spending by groups that are not required to disclose their donors.
Dark money allows affluent individuals, businesses, and interest groups to spend enormous sums of money to influence elections while remaining anonymous to the public. Dark money can be used to support political advertisements, issue advocacy, and other forms of political spending, making it difficult for voters to understand who is attempting to influence their beliefs and for regulators to enforce campaign finance regulations. The lack of transparency and accountability connected with dark money has prompted worries about the democratic process's integrity and big money's influence on elections.
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case: tesco plc leveraging global knowledge - what are some things mne can do to facilitate knowledge sharing and global integration across its global business? list 5 and fully explain each. (5 points)
MNEs may enhance knowledge sharing and global integration throughout their global business by creating a common language, supporting a culture of knowledge sharing, investing in technology and tools, creating cross-functional teams, and encouraging mobility and overseas assignments.
Multinational enterprises (MNEs) operate in diverse and complex environments. Here are 5 things that MNEs can do to facilitate knowledge sharing and global integration across their global businesses:
Develop a common language: MNEs can promote integration and information exchange by establishing a single language across the company. Employees from various ethnic backgrounds can collaborate better and avoid misunderstandings by using a common language.Promote a culture of knowledge sharing: MNEs may promote a culture that encourages and rewards information sharing by fostering it. They may also provide rewards for working in teams and cooperating with others.Invest in technology and tools: Technology may be used by MNEs to promote knowledge exchange and international integration. Also, they may spend money on knowledge management programs, which would make it possible for staff members to exchange and access information freely inside the company.Build cross-functional teams: By forming cross-functional teams with people from many departments and areas, MNEs may promote global integration. Cross-functional teams can foster cooperation and information exchange throughout the business by assisting in the dismantling of silos.Encourage mobility and international assignments: By supporting staff mobility and overseas assignments, MNEs may advance global integration. Employees may benefit from this by acquiring a more global mentality and a deeper knowledge of other cultures and business methods.Learn more about knowledge sharing among MNEs here:
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what‘s the difference between sales tax and excise tax?
Excise tax is payable on the removal of goods from the factory or manufacturing godown, whereas sales tax is payable only after the sale occurs in India. Excise tax is calculated on the accessible value, whereas sales tax is calculated on the sale price.
Differentiate sales tax and excise tax?Tax or duty is defined as a financial charge that is imposed by governments on its citizens to raise the required funds. As a result the government is able to raise the funds essential to perform its duties and functions for the welfare of the public. Even though there are a variety of kinds of taxes that government levies like wealth tax, income tax, toll tax, custom duty and others; sales tax and excise duty generate the maximum revenue.
The majοr difference between sales tax and excise tax are:
Excise duty is on the production of goods whereas sales tax is levied on sale of goods.Excise duty is paid by the manufacturer while the burden of sales tax is borne by the end consumer.Excise Duty is payable on the removal of goods from factory or the manufacturing godown whereas sales tax is payable after only the sale has taken place in India.Excise duty is levied on accessible value whereas Sales tax is based on sale price.Learn more about sales tax
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Place the steps in the adjusting process in the correct order in which they would be performed. Place these in the proper order. - Determine what the correct account balance should be - Record an adjusting entry
- Determine what the current account balance is
The trial balance, the corrected trial balance, the income statement, the balance sheet, and the statement of owner's equity are the next steps in the procedure.
What is equity?Equity, also known as shareholders' equity, is the sum of money that would remain in the hands of a company's shareholders after all of the company's assets have been sold and all of the debt has been settled, in the event of a liquidation.
It is the worth of company sales less any obligations owing by the company that were not transferred with the sale in the case of an acquisition.
Moreover, a company's book value may be represented through shareholder equity. Stock may occasionally be given in exchange for cash. Also, it symbolizes the proportionate ownership of a company's shares.
One of the most frequently used pieces of information by analysts to evaluate a company's financial health is equity, which can be found on a company's balance sheet.
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an open-end mutual fund has the following stocks: stock shares stock price a 14,000 $ 82 b 31,000 26 c 4,500 61 d 84,000 14 the fund has 56,000 shares and liabilities of $142,000. assume the fund is sold with a front-end load of 3.25 percent. what is the offering price of the fund? (do not round intermediate calculations. round your answer to 2 decimal places.)
$64.41 per share is the mutual fund's offering price. The net asset value (NAV), which is the sum of the fund's assets less its liabilities.
Following are the formulas for calculating the stock value of the fund:
14,000 shares of Stock A times $82 per share equals $1,148,000.
Stock B: 31,000 shares at $26 a share equals $806,000.
Stock C: 4,500 shares times $61 per share equals $274,000
84,000 shares of Stock D at $14 each equate to $1,176,000.
The value of the stocks as a whole is $3,405,500 ($1,148,000 + $806,000 + $274,500 + $1,176,000).
The NAV can then be determined as follows:
NAV is calculated as follows: Total Stock Value – Liabilities / Total Shares
NAV is equal to ($3,405,500 + $142,000) / 56,000 shares, or $62.32 per share.
The offering price can then be determined by multiplying the NAV by 3.25 percent. NAV * (1 + Load) is the offering price.
Offering price: $62.32 * (1 + 0.0325) = $64.41 per share
Consequently, $64.41 per share is the mutual fund's offering price.
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after earning $8 billion in profit, royal dutch/shell decided to strive to double its profits within the next five years. which classical management function would be instrumental in achieving this goal? a. motivating b. marketing c. planning d. research and development e. optiimiizing
Planning classical management function would be instrumental in achieving this goal.
Classical Operation proposition is grounded on the belief that workers only have physical and profitable requirements. Unlike further ultramodern plant operation propositions, it doesn't take into account social requirements or job satisfaction. rather, classical operation proposition advocates a specialization of labor, centralized leadership and decision- timber, and profit maximization.
Designed solely to streamline operations, increase productivity and enhance the nethermost line, this operation proposition arose in the late 19th century and gained elevation through the first half of the 20th century. While not as extensively subscribed to in ultramodern times, the classical operation proposition offers some principles that remain valid, to an extent, in small business settings in regard to manufacturing.
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Answer:
The classical management function that would be instrumental in achieving Royal Dutch/Shell's goal of doubling its profits within the next five years would be planning. Planning involves setting goals and determining the steps needed to achieve them. It also involves developing a timeline and budget to ensure that goals are achieved in the most efficient and effective way possible.
internal failure costs are associated with scrap, rework, and downtime. group of answer choices true false
Internal failure costs are quality expenses related to product flaws found before a product leaves the facility.
The firm's internal inspection procedures help identify these shortcomings. Internal failure costs include things like throughput loss, product trashed (net of scrap sales), product rework expenses, and failure analysis activities.
One of the four costs of quality is the cost of internal failure. Preventive expenses, assessment costs, and external failure costs make up the remaining three costs. What exactly are internal flaws?
Internal Failure Costs: An Image
A method or product that experiences internal failure won't pass the final inspection and is typically discarded or reworked.
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6. if 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (do not round intermediate calculations.)
If 12,500 units are produced and sold at a per-unit variable cost of $20, the total amount of variable costs related to the units produced and sold would be $250,000.
To determine the total amount of variable costs related to the production and sale of 12,500 units, we would need to know the per-unit variable cost of production. Variable costs are expenses that change as the level of production changes, such as direct materials, direct labor, and variable overhead costs.
Let's assume that the per-unit variable cost of production is $20. This means that for each unit produced and sold, $20 is incurred in variable costs. To find the total variable cost for 12,500 units, we can multiply the per-unit variable cost by the number of units produced and sold:
Total Variable Cost = Per-Unit Variable Cost x Number of Units Produced and Sold
Total Variable Cost = $20 x 12,500
Total Variable Cost = $250,000
It's worth noting that this calculation assumes that all of the costs associated with producing and selling the units are variable costs. In reality, there may be fixed costs, such as rent or equipment costs, that do not change with the level of production and would need to be considered separately.
Complete question:
if 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Assume that the per-unit variable cost of production is $2)
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Determine whether the following statement describes the consumer price index (CPI), the GDP deflator, both, or neither: "It equals nominal GDP divided by real GDP, multiplied by 100."
The statement given in the question describes the GDP deflator.
The consumer price index (CPI) is a different measure of inflation that tracks the prices of a fixed basket of goods and services consumed by households. The CPI is not directly related to GDP.
The GDP deflator is a measure of the price level of all goods and services included in gross domestic product (GDP). It is calculated by dividing nominal GDP by real GDP and multiplying by 100. This measures the average price change of all the goods and services produced in an economy over a given period of time.
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assume the crash davis driving school has a 13.1 percent roe and a 30 percent payout ratio. required: what is the sustainable growth rate? (do not include the percent sign (%). round your answer to 2 decimal places (e.g., 32.16).)
Sustainable growth rate is 0.1010 or 10.10%.
The sustainable growth rate is a financial number that shows how much growth a company may achieve while maintaining its current capital structure. Its growth rate is influenced by the company's ability to make a profit utilising the equity of its shareholders, as determined by its return on equity, as well as its dividend payout policy.
The long-term growth rate that a business can anticipate is known as the sustainable growth rate. The sustainable growth rate, often known as G, can be determined by dividing a company's earnings retention rate by its return on equity.
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quantum manufacturing was founded in 1955 by earl and jenni maxwell. today, their two sons own the business and are closely involved in managing the day-to-day workings of the company. what kind of company is quantum manufacturing?
Investors in short-term initiatives find limited partnerships appealing. Joint ventures function like general partnerships, but only temporarily or in the context of a single project.
What does the term "invest" mean?
Investors are any person, business, or other entity that makes financial commitments with the intention of profiting from them.
An investor is someone who puts money into a company or other entity with the intention of making a profit. Every investor's main goal is to lower risk and raise profits. This is in contrast to a speculator who is willing to invest money in a risky asset in the hopes of reaping a greater return.
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he strategy in which marketers change a brand's focus to target new markets, or realign the brand with changing market preferences, is know
the consumption function shifts when: group of answer choices expected future disposable income changes. people receive a pay raise. disposable income changes. disposable income goes down.
When disposable income shifts, the consumption function changes. When disposable income increases, the consumption function shifts forward (or upward), and vice versa.
The phrase "consumption function" refers to a mathematical expression that depicts the functional connection between total consumption and gross domestic product (GNI). The consumption function was developed by British economist John Maynard Keynes, who claimed it could be used to monitor and foresee total aggregate consumption expenditures. It is a useful tool that economists and other decision-makers may use to comprehend the economic cycle and assist them in making crucial decisions about investments, monetary and fiscal policy, as well as other matters.
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at the end of the first year of operations, mayberry advertising had accounts receivable of $20,000. management of the company estimates that 10% of the accounts will not be collected. what adjusting entry would mayberry advertising record to establish allowance for uncollectible accounts?
The entry for Allowance for Uncollectible accounts is entered in the journal under the debit account field. Adjusted entry for accounts receivable = $18040
What is the calculation?Accounts receivable is recorded as = $20500
estimated percentage of accounts not collected ( bad debits ) = 12%
which is = 12% * 20500 = $2460
Allowance for Uncollectible Accounts = $2640. Under the field of general journal the bad debits is entered there adjusted amount for accounts receivable to be entered in the journal will be= $20500 -$ 2640 = $18040
Accounts receivables are money owed a business by its customers or debtors and they can be legally claimed by the company from its debtors/customers. it is usually accrued from services rendered or goods sold to its customers.
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Your question was incomplete, but most probably the full question was:
At the end of the first year of operations, Mayberry Advertising had accounts receivable of $20,500. Management of the company estimates that 12% of the accounts will not be collected.What adjustment would Mayberry Advertising record for Allowance for Uncollectible Accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Journal Entry WorksheetRecord the adjustment entry for Allowance for Uncollectible Accounts.
everything in our constructed environment, including technology, buildings, furniture, clothing, and books, is part of our
Our material culture includes everything in our built surroundings, including our furniture, clothes, technology, structures, and books.
What are the two fundamental cultural subgroups that include values, beliefs, customs, and behaviors known as?
The first category, also referred to as nonmaterial culture, is made up of the principles, notions, symbols, and languages that define a civilisation. The second form, referred to as material culture, entails all of the society's outward manifestations, including its attire, tools and technology, utensils for dining, and modes of transportation.
What are two examples of the physical world and two examples of the intangible world?
A few examples of material culture are money, instruments, weapons, utensils, machines, clothing, jewelry, artwork, buildings, and monuments. The concepts, convictions, social roles,
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Why is mixed crop and livestock intensive or extensive?
Mixed crop and livestock farming can be either intensive or extensive depending on the farming practices and management strategies used.
In intensive mixed crop and livestock farming, the emphasis is on maximizing productivity and efficiency through the use of high inputs such as labor, capital, and technology. This type of farming is characterized by high stocking rates, high use of fertilizers and pesticides, and high levels of mechanization. The aim is to produce the maximum yield of crops and livestock on a given area of land, often using specialized breeds and genetically modified organisms. Intensive mixed crop and livestock farming is often economic profits associated with high environmental and social costs, such as soil erosion, water pollution, and loss of biodiversity. In extensive mixed crop and livestock farming, the emphasis is on maintaining a balance between crop and livestock production, and on using sustainable farming practices that minimize environmental impacts.
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What information about estimates is not required to be disclosed?
A. That estimates involve assumptions about future events
B. Possible material financial statement effects of estimate changes
C. That estimates are required in preparing financial statements
D. The old and new estimate in quantitative terms
The information about estimates that are not required to be disclosed is D. The old and new estimates in quantitative terms.
Why Company Is Not Required to Disclose Estimates?It is not necessary for companies to disclose the specific numbers of their old and new estimates in financial statements.
However, they are required to disclose information about the assumptions they used to make the estimates (A), the potential effects of estimate changes on financial statements (B), and the fact that estimates are required in preparing financial statements (C).
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What is the break-even quantity beyond which the first process is more attractive? soaps. (enter your response rounded to nearest whole number. )
This break-even point is really the time when total costs and total revenues are equal, indicating that there is no gain or loss for your small firm.
What are the quantity and price at break-even?The formula (Total fixed expense unit size) + Variable Unit cost is used to get the break-even price. Let's explain with the assistance of an example. Lighting bulb production is the business of XYZ Ltd.
What is the number of units needed to break even?Fixed costs minus the marginal revenue equals the break-even threshold in units. You may calculate how many unit you must sell to make a profit by using your endpoint in units. Beyond this point, if you can sell additional units, you'll be profitable.
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let's see what we all remember from accounting 1. what would the net income/loss be for the year using the following information? please explain your calculations used to get your numbers. jan. 1, 2017 total assets $150,000 dec.31, 2017 total assets $175,000 jan. 1, 2017 total liabilities $35,000 dec. 31, 2017 total liabilities $145,000 dividends declared for year $25,000 dividends paid out for the year $37,500 no par common stock sold during year $10,000 hint: use some of the tools you learned in accounting 1 to solve this (t-account and accounting equation).
For the fiscal year, the company suffered a net loss of $60,000.
To calculate the net income/loss for the year, we need to use the accounting equation, which is:
Assets = Liabilities + Equity
Equity represents the owner's interest in the company, and it can be further broken down into two parts: contributed capital (the amount of capital invested by the owners) and retained earnings (the cumulative profits or losses of the company that have not been distributed as dividends).
Start by calculating the equity at the beginning of the year (Jan. 1, 2017) using the accounting equation:
$150,000 (Assets) = $35,000 (Liabilities) + Equity
Equity = $115,000
There was no par common stock sold during the year, so the contributed capital remains the same at $0. Therefore, the retained earnings at the beginning of the year is $115,000.
Next, we can calculate the equity at the end of the year (Dec. 31, 2017) using the same equation:
$175,000 (Assets) = $145,000 (Liabilities) + Equity
Equity = $30,000
To calculate the change in retained earnings for the year, we can use the following formula:
Retained earnings (end of year) = Retained earnings (beginning of year) + Net income - Dividends
We don't have the net income figure, but we can calculate it by rearranging the formula:
Net income = Retained earnings (end of year) - Retained earnings (beginning of year) + Dividend
Plugging in the numbers we have, we get:
Net income = $30,000 - $115,000 + $25,000 = -$60,000
Net Loss- $60,000
We also know that dividends declared for the year was $25,000, but dividends paid out was $37,500, which means the company paid out more dividends than it declared. This would result in a decrease in retained earnings.
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an appraiser found three comparable properties however she believed that one of the properties was significantly more relevant to the true value of the subject property. in this case, the appraiser would most likely do what?
Assigning equal weights to every one three properties is what an assessment would most likely do.
Which is a gross lease according to the definition?when the landlord covers the costs of maintaining the property, including taxes and insurance, or the owner pays a fixed rent. The lease stipulates how utilities are to be paid.
Which of these following property kinds would most likely be accurately valued using the cost approach?The three distinct approaches to value are the most important thing to keep in mind when thinking about the evaluation process. Residential houses and undeveloped land are the ideal uses for the market data strategy. On properties with a specific use, such as chapels, institutions, hospitals, or new construction, the cost approach works well.
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nonnegativity constraints ensure that question 6 options: 1) the problem modeling includes only nonnegative values in the constraints. 2) there are no inequalities in the constraints. 3) the objective function of the problem always returns maximum quantities. 4) the solution to the problem will contain only nonnegative values for the decision variables.
The problem's solution will only include nonnegative values for the choice variables thanks to nonnegativeness restrictions.
So, these choice variables will never turn negative thanks to the non-negative non-negativity restrictions. Therefore, the non-negative constraints guarantee that the issue solution will only include non-negative values for the choice variables. Function values for a non-negative function must be larger than or equal to zero. The outputs of the function must be zero or larger for it to be considered non-negative, even if the function's domain is negative. Positive numbers and zero are considered non-negative integers. Negative and zero numbers are considered non-positive integers. Zero is the number that falls under the category of non-negative and non-positive integers.
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