swimtech pools incorporated (spi) reported the following in its financial statements for the quarter ended march 31, 2021. december 31, 2020 march 31, 2021 common stock, $1 par, 57,000 shares issued and outstanding $ 57,000 $ 57,000 additional paid-in capital 34,200 34,200 retained earnings 22,800 22,800 total stockholders’ equity $ 114,000 $ 114,000 during the quarter ended march 31, spi reported net income of $4,560 and declared and paid cash dividends totaling $4,560. required: calculate earnings per share (eps) and return on equity (roe) for the quarter ended march 31. assume spi repurchases 10,700 of its common stock at a price of $2 per share on april 1, 2021. also assume that during the quarter ended june 30, 2021, spi reported net income of $4,560 and declared and paid cash dividends totaling $4,560. calculate earnings per share (eps) and return on equity (roe) for the quarter ended june 30, 2021.
Answers
The earning per share (EPS) is for March 21 and June 21 are $0.05 per share & $0.0567 and return on equity (ROE) for the same period is 4% & 4.92% respectively.
What is formula for return on equity?
Return on equity is equal to expected return earned during a period by common stock holder on their investment. It computed by dividing the shares.
S. No. Particulars Dec,20 (Q3) $
a) Common stock ($1 par)
b) Shares issued and outstanding $ 57,000
c) Additional paid-in capital $ 34,200
d) Retained earnings $ 22,800
e) Total stockholders’ equity $ 114,000
f) Earning After Tax
S. No. Particulars March, 21 (Q3) $
a) common stock ($1 par)
b) shares issued and outstanding $ 57,000
(57000 shares of $1 each)
c) additional paid-in capital $ 34,200
d) retained earnings $ 22,800
e) Total stockholders’ equity $ 114,000
f) Earning After Tax $4560
g) Earning per share = Earning availability to equity shareholder ÷ no of shares outstanding
h) EPS = $4560 ÷ 91200 (57000+34,200) shares = $0.05 per share
i) Return on Equity = (Earning after tax ÷ Equity) × 100
j) ROE = ($4560 ÷ $ 114000) × 100 = 4%.
S. No. Particulars June 21 (Q1) $
a) common stock ($1 par)
b) shares issued and outstanding $ 46,300 (57000-10700)
c) additional paid-in capital $ 34,200
d) retained earnings $ 12100 (22800-10700)
e) Total stockholders’ equity $ 92600
f) Earning After Tax $4560
g) Earning per share = Earning availability to equity shareholder ÷ no of shares outstanding
h) EPS = $4560 ÷ 80500 (57000+34,200-10700) shares = $0.0567 per share.
i) Return on Equity = (Earning after tax ÷ Equity) × 100
j) ROE = ($4560 ÷ $ 92600) × 100 = 4.92%.
Thus if company repurchases 10,700 shares of its common stock at a price of $2 per share on April 1, 2021) then it will increase the EPS & ROE.
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Related Questions
An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.
The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.
However, the partners do not have the capital needed for this expansion.
Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.
An and Bo are also considering changing the legal structure to a private limited company.
a. Identify two features of public sector organizations.
b. Identify two advantages and two disadvantages to An and Bo of being a partnership.
c. Explain two benefits to An and Bo of expanding their businesses.
d. Do you think the partners should become a private limited company? Justify your answer.
Answers
Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.
Give a brief account on partnership.a. Two features of public sector organizations.
Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.b. Two advantages of being in a partnership :
Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.Two disadvantages of being in a partnership :
Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.c. Two benefits to An and Bo of expanding their businesses :
capable of increasing sales and profitability.can access new markets or customers.d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.
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You should compare them based on certain criteria: number of students, size of classes, teachers, teaching and learning methods, etc.
Answers
When comparing schools, it is important to consider various criteria such as the number of students, class size, teachers, teaching and learning methods, curriculum, facilities, location, and extracurricular activities.
The number of students in a school can affect the level of individual attention and the quality of instruction. A smaller number of students may lead to smaller class sizes and more personalized attention from teachers.
Class size can also affect the level of individual attention and the ability of teachers to differentiate instruction to meet the needs of each student.
The quality and experience of teachers is an important factor in the success of a industry school. The teaching and learning methods used in the school should be effective in engaging students and promoting learning.
The curriculum should be relevant and challenging, and the facilities should be safe and conducive to learning.
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why are some oil-producing countries of the middle east investing in areas such as tourism and agriculture?
Answers
Oil-producing countries in the Middle East are investing in tourism and agriculture to: diversify their economies, tap into growth potential, ensure food security, and create job opportunities for their populations.
Firstly, they aim to diversify their economies and reduce their dependence on oil revenues, which can be volatile and subject to fluctuations in global demand and supply. By investing in alternative industries, they can create a more stable and sustainable economic base.
Secondly, these countries recognize the potential for growth and development in the tourism and agriculture sectors. The Middle East is home to a rich cultural and historical heritage, which attracts millions of tourists every year. By investing in tourism infrastructure and promoting their unique attractions, these countries can boost their international profiles and increase their revenue streams.
Additionally, agriculture plays a vital role in ensuring food security and reducing reliance on food imports. Investing in modern agricultural technologies and practices can help these countries achieve self-sufficiency in food production and reduce their vulnerability to global market fluctuations.
Lastly, creating job opportunities in tourism and agriculture can help these countries address issues like unemployment, particularly among the younger population. As a result, investing in these sectors can contribute to social stability and improve the overall quality of life for their citizens.
In conclusion, oil-producing countries in the Middle East are investing in tourism and agriculture to diversify their economies, tap into growth potential, ensure food security, and create job opportunities for their populations.
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Community colleges and vocational schools offer programs in maintenance and repair.
A
True
B.
False
Answers
do this document and I will give you 100 points send it back to me completed all the directions are on here.
Answers
Answer:
I like chicken
Explanation:
Ajax Lighting manufactures and sells street and parking lot lights, such as those on the Fayetteville trail system. Ajax has the best LED lighting technology in the industry. It is a significant competitive advantage. There are only two other companies in the nation that make competitive products. Growth in this industry is about 2% a year or less. Ajax can enjoy sustained competitive advantage because they are in a _________ market
Answers
Answer: slow cycle
Explanation:
Based on the information given, Ajax can enjoy sustained competitive advantage because they are in a slow cycle market.
Slow-cycle markets refers to the markets whereby the competitive advantages of a firm are protected from imitation, which is usually for long periods of time and in this scenario, imitation is usually costly. Therefore, in this market, competitive advantages are usually sustainable
the total variable factory overhead cost variance for a period can be broken down into what two variances?
Answers
The total variable factory overhead cost variance for a period can be broken down into what two variances-Variable Overhead Spending Variance and Variable Overhead Efficiency Variance.
Variable Factory Overhead Cost Variance is the distinction between actual variable overhead and standard variable overhead.
The Variable Cost Variance Also Has Two Parts, Which Are as Follows: -
1. Variable Factory Overhead Expenditure/Spending Variance:
The variance is the difference between the actual rate of variable overhead and the average rate of variable overhead.
2. Variable Factory Overhead Efficiency Variance
This Variance is the difference between the Actual hours worked and the Standard hours required for the Actual Volume of Work.
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Which manufacturing company has the comparative advantage for car parts? company a company b company c company d
Answers
The company C that produces at $10 Per hour and $10 per hour respectively is the company that has the comparative advantage for prodution of car parts.
What is a comparative advantage?A comparative advantage refers to an advantage possessed by a firm who spend lesser than it's rivals on production.
Hence, the company C that produces at $10 Per hour and $10 per hour respectively is the company that has the comparative advantage for prodution of car parts
Therefore, the Option D is correct.
Missing word "Manufacturing Company Truck Parts Car Parts
Company A 10 per hr. 20 per hr.
Company B 10 per hr. 25 per hr.
Company C 15 per hr. 15 per hr.
Company D 20 per hr. 25 per hr.
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Answer:
Company B has the advantage for more car parts
Explanation:
Just took the test :)
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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The management of Asteria Inc. is studying the financial reports and statements of the company for the current accounting period. Which
accounting head is a part of an off-balance sheet item?
A.
copyrights
В.
bank loan
C.
prepaid office rent
D.
operating lease
Answers
Answer:
В. bank loan
Explanation:
A balance sheet shows the total net worth of a business at the end of a financial year. It shows the assets of a business on one side and equity and liabilities on the other.
A balance shows the assets of a business and how they have been financed. On the liabilities, the balance sheet will indicate the short term and long term liabilities. A bank loan represents money obtained from the banks on credit. Bank loan will be a subheading on the liabilities side, especially if the business has loans from different banks.
Answer:
Its D operating Lease
Explanation:
Shine-Glo is a car shampoo and wax system for car enthusiasts who want to protect their cars from the elements. What could be included as part of Shine-Glo’s promotion mix?
Answers
The options were not included. To answer the question, we need to first understand what a promotion mix is. A promotion mix refers to all the methods that are used by businesses to promote the sales of a product.
Shine-Glo described above could include Direct marketing as part of its promotion mix.As explained above, a promotion mix involves all the methods that are used in convincing the customer to purchase the product.
Advertising, direct marketing, personal selling, sales promotion, and public relations are all ways to do this.
The company above can send messages via messages to car enthusiasts, informing them of this service that they render.
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multiple choice-- economics
Microeconomics focuses on all of the following EXCEPT
The effect of an increase in the tax on cigarettes on cigarette sales
The hiring decisions that a business makes
The effect of increasing the money supply on inflation
The purchasing decisions that an individual consumer makes
Answers
Answer:
The effect of increasing the money supply on inflation
Explanation:
Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.
Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
In conclusion, microeconomics focuses on all of the aforementioned statements except the effect of increasing the money supply on inflation because it is a macroeconomic factor.
You are interested in saving money for your first house. Your plan is to make regular deposits into an account that will earn 12. 20% per year. Your first deposit of $4,500 will be made today. You also plan to make additional deposits at the end each of the next 9 years of $2,000. How much money will be in your account after making your final deposit?.
Answers
The future value of the deposit will be calculated by considering both lump sum deposit and annuity and combined value will be $42,483, i.e., option (a).
Given information:
Periodic cash flow (P) = $2,000
Interest rate (i) = 12.2%
Time period (n) = 9
Future Value of annuity = P*[ (1+i) ^n-1] /i
=2,000* [(1.122) ^9 -1}/i
= 2,000*(1.818/0.122)
= 2,000*14.901
= 29,802
Therefore, future value of annuity is $29,802.
Future value of lump sum:
Given information:
Amount (P) = $4,500
Interest rate (i) = 12.2%
Time (t) = 9 years
Future value = P*(1+i) ^n
= 4,500 (1.122) ^9
= 12,681
Therefore, future value of lump sum is $12,681
Total maturity amount = $29,802 + $12,681
= $42,483
The complete question is here:
You are interested in saving money for your first house. Your plan is to make regular deposits into an account that will earn 12.20% per year. Your first deposit of $4,500 will be made today. You also plan to make additional deposits at the end of each of the next 9 years of $2,000. How much money will be in your account after making your final deposit?
a) $42,483
b) $46,096
c) $41,041
d) $41,389
e) $41,012
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Even though GDP does not measure the broader standard of living with any precision, it does measure production well and it does indicate when a country is materially better or worse off in terms of Select the correct answer below: O access to health care O access to technology O social welfare programs O jobs and incomes
Answers
While GDP does not provide a precise measurement of the broader standard of living, it effectively measures production and can indicate a country's material well-being in terms of access to technology, jobs, incomes, and to some extent, social welfare programs.
GDP (Gross Domestic Product) is a widely used measure to assess the economic performance of a country. It represents the total value of goods and services produced within a country's borders over a specific period. Although GDP does not capture all aspects of a country's standard of living, such as environmental sustainability, income distribution, or quality of life, it does provide a reasonable indication of material well-being.
Firstly, GDP effectively measures production levels within an economy. It reflects the overall output and economic activity, serving as a key indicator of a country's economic growth and development. A higher GDP generally signifies increased production, which often translates into a greater availability of goods and services for the population.
Secondly, GDP can indirectly reflect access to technology. Technological advancements often lead to increased productivity and economic output, which are reflected in GDP figures. Countries with higher GDP tend to have more resources to invest in technology, which can result in improved access to technological innovations and advancements for their citizens.
Furthermore, GDP can provide insights into jobs and incomes. A growing GDP suggests a robust economy with potential employment opportunities. Higher levels of production and economic activity are typically associated with increased job creation, leading to higher incomes for individuals and households.
Lastly, to some extent, GDP can indicate the presence of social welfare programs. Higher GDP implies a greater capacity for government spending on social welfare initiatives, such as healthcare, education, and social security programs. While GDP alone does not provide a comprehensive assessment of the effectiveness or coverage of these programs, it can reflect the economic resources available for investment in social welfare.
In conclusion, while GDP does not capture the broader standard of living with precision, it remains a valuable metric to measure production and provides indications of a country's material well-being. It can indirectly reflect access to technology, job availability, income levels, and, to some extent, the capacity for social welfare programs. However, it is important to supplement GDP analysis with additional indicators and measures to gain a more comprehensive understanding of a country's overall standard of living.
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hurry please i need the answer im on a quiz
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The transcontinental railroad change life for people in the United States because it became much easier to travel from the east to the west.
What is transcontinental railroad?
Contiguous railroad trackage that spans a continental land mass and has terminals at various oceans or continental borders is known as a transcontinental railroad or transcontinental railway. Such networks can be over lines that are owned or controlled by a single railroad, a network of railroad companies, or both along a continuous path.
Although there are railroads all over Europe, they are typically not regarded as transcontinental, with the potential exception of the legendary Orient Express.
Transcontinental railroads made it possible to explore and settle previously unreachable uninhabited interior areas of continents.
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imagine inflation expectations are adaptive. a country had an inflation of 20% last year. the slope of the phillips curve is 1/2. cost-push shocks are zero. how much must short-run output be to bring inflation to 2%?
Answers
In order to bring inflation down to 2% in a country with adaptive inflation expectations, given an inflation rate of 20% last year and a Phillips curve slope of 1/2, the short-run output must be reduced by 36%.
In the Phillips curve framework, the relationship between inflation and output is described by the equation: inflation = expected inflation + (slope of the Phillips curve) * (output gap). Since we want to achieve an inflation rate of 2%, and assuming adaptive inflation expectations, we can substitute the values into the equation: 2% = expected inflation + (1/2) * (output gap). Given that the inflation rate last year was 20%, we can subtract this from the target inflation rate to find the expected inflation: expected inflation = 2% - 20% = -18%. Rearranging the equation, we can solve for the output gap: output gap = (expected inflation - target inflation) / (slope of the Phillips curve) = (-18% - 2%) / (1/2) = -36%. This means that the short-run output must be reduced by 36% to bring inflation down to 2%.
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summary on business essay for grade 9
Answers
The analysis of the business essay should contain:
The brief description of the company.Company conditions.SWOT analysis of the company.The financial status of the company.The future of the company.Conclusion.How to illustrate the information?It should be noted that a company analysis is important to analyze a company so that the organizational goals will be achieved.
In this case, the begining of the essay is to introduce the company. This should illustrate the mission and the objective of the company.
Other important information include the company conditions, SWOT analysis of the company, the financial status of the company, and the future of the company.
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Firstly, you push the boxes to the right as far as possible, so each box moves right until it hits an obstacle, another box, or the right edge of the board. Then, you push the boxes down as far as possible, so each box moves down until it hits an obstacle, another box, or the bottom of the board
Answers
This is a common strategy used in puzzle games like Sokoban and is known as the "push and slide" technique.
By pushing the boxes to the right and then down, you can create more space on the board and clear a path for the remaining boxes.
The first step is to identify which boxes can be moved to the right. Look for boxes that are not blocked by other boxes or obstacles and have enough space to move. Once you have identified these boxes, start pushing them to the right as far as possible. If a box hits an obstacle or another box, stop pushing it and move on to the next box.
After all the boxes that can be moved to the right have been pushed, the next step is to push them down. Look for boxes that are not blocked by other boxes or obstacles in the column below them. Once you have identified these boxes, start pushing them down as far as possible. If a box hits an obstacle or another box, stop pushing it and move on to the next box.
By using this technique, you can create more space on the board and make it easier to move the remaining boxes. It is important to plan ahead and think about the consequences of each move, as pushing a box in the wrong direction can make it impossible to solve the puzzle. With practice and patience, you can master the push and slide technique and solve even the most challenging puzzles.
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Explain why socialist societies do not use a circular flow chart.
Answers
Which of the following is usually true
about the demand of consumers who
make more money?
A. They demand less of lower quality products.
B. They demand more of lower quality products.
C. They demand the same amount of lower quality
products.
Answers
Answer:
A
Explanation:
Match the Access 2016 Window component to its location and purpose.
ribbon
Document pane
Navigation pane
title bar
Quick Access Toolbar
↑
bar at top of page, includes tabs and
command groups
middle of page, tabbed view of what is
selected from Navigation pane
top left, access to commonly used
left side, displays all the objects in the
database
across top of page, name of open database
Answers
The Access 2016 window has several components that serve specific purposes. The ribbon is located at the top of the window .
It includes tabs and command groups that allow users to access various tools and features in the application. The document pane is in the middle of the page and displays a tabbed view of the content that is selected from the navigation pane.
The navigation pane is located on the left side of the window and displays all the objects in the database, including tables, queries, forms, and reports. Users can select an object from the navigation pane to view and work with it in the document pane.
The title bar is located at the top left of the window and displays the name of the open database. It also provides access to commonly used commands such as save, undo, and redo. The quick access toolbar is located above the ribbon and allows users to add frequently used commands for quick access.
Overall, these components work together to provide users with a comprehensive and organized view of their Access database. The navigation pane and document pane allow users to easily navigate through their objects and view their content, while the ribbon and quick access toolbar provide quick access to commonly used commands.
The title bar also helps users to easily identify the open database and access frequently used commands. It is important for users to understand the purpose and location of these components in order to efficiently use Access 2016.
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how does nike's financial statements compare to industry standards in terms of legally and ethically communicating necessary information to stakeholders?
Answers
To determine how Nike's financial statements compare to industry standards in terms of legally and ethically communicating necessary information to stakeholders, you should obtain their financial statements, identify relevant industry standards, compare financial statement elements, assess financial disclosures, and compare Nike's reporting to its competitors.
1. Obtain Nike's financial statements: Access Nike's recent financial statements, usually available on their investor relations website or through financial platforms like Yahoo Finance or Bloomberg.
2. Identify industry standards: Determine the industry standards for financial reporting, which include Generally Accepted Accounting Principles (GAAP) in the United States or International Financial Reporting Standards (IFRS) for international companies. These standards set the guidelines for legal and ethical financial reporting.
3. Compare financial statement elements: Evaluate each component of Nike's financial statements, such as the balance sheet, income statement, and cash flow statement, to ensure they comply with the relevant accounting standards.
4. Assess financial disclosures: Review Nike's financial statement notes, management discussion and analysis (MD&A), and any other accompanying disclosures to ensure that they provide transparent, accurate, and relevant information to stakeholders.
5. Compare with competitors: Analyze Nike's financial statements and disclosures in comparison to its competitors in the industry. This comparison helps determine if Nike's communication of financial information is consistent with industry practices.
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2. King Enterprises has the following Adjusted Trial Balance on December 31", 2021. Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Machinery Accumulated Depreciation Machinery Accounts Payable Interest Payable Salaries Payable Uncamned Revenues Capital Stock Dividends Retained Earnings Debit Credit 2.500 3.500 250 150 SOS 900 600 400 300 450 400 7,000 500 410 Service Revenues Insurance Expense Depreciation Expense Utility Expense Office Supplies Expense Totals 5.000 3.100 300 400 155 S 14.560 14,560 . Please prepare the Income statement based on the adjusted trial balance above. King Enterprises Income Statement For the year ended December 31, 2021 Revenues Total Revenues Expenses Total Expenses Please close the temporary accounts.
Answers
The total revenue is 5000 and net income is 1045. The temporary accounts are now closed and the Retained Earnings account has been updated to reflect the net income for the year.
King Enterprises income Statement for the year ended December 31, 2021
Revenues:
Service Revenues: $5,000
Total Revenues: $5,000
Expenses:
Insurance Expense: $300
Depreciation Expense: $400
Utility Expense: $155
Office Supplies Expense: $3,100
Total Expenses: $3,955
Net Income: $1,045
To close the temporary accounts, we need to transfer the balances of the revenue and expense accounts to the Retained Earnings account. This is done by debiting the revenue accounts and crediting the expense accounts, and then making a final entry to the Retained Earnings account.
Journal Entries:
Service Revenues $5,000
Retained Earnings $5,000
Retained Earnings $3,955
Insurance Expense $300
Depreciation Expense $400
Utility Expense $155
Office Supplies Expense $3,100
Retained Earnings $1,045
Dividends $500
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an empty hotel room brings in no revenue. then why wouldn't a hotel manager at a luxury hotel or resort offer a very low, last-minute rate for an unfilled room?
Answers
A hotel manager at a luxury hotel or resort may choose not to offer a very low, last-minute rate for an unfilled room due to concerns about maintaining the hotel's brand image, protecting profitability, and avoiding devaluation of the property.
While it may seem logical for a hotel manager to offer a very low, last-minute rate for an unfilled room to generate some revenue rather than leaving it empty, there are several factors that influence their decision. Firstly, luxury hotels and resorts often aim to maintain a certain level of exclusivity and uphold their brand image. Offering heavily discounted rates for last-minute bookings may attract a different customer segment that does not align with the hotel's target market. It could potentially lead to a mismatch in expectations, service delivery, and overall guest experience. Secondly, profitability is a crucial consideration for hotel managers. Operating a luxury hotel involves higher operational costs, premium amenities, and a focus on delivering exceptional service. By offering very low rates, the hotel may not be able to cover its expenses, which could ultimately impact profitability and the ability to maintain the desired level of service and luxury offerings.
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a monopolist sells 8 units of a product per day at a unit price of $16. if it lowers the price to $15, its total revenue increases by $37. this implies that its sales quantity increases by
Answers
a monopolist sells 8 units of a product per day at a unit price of $16. if it lowers the price to $15, its total revenue increases by $37. this implies that its sales quantity increases by 3 units per day .
An individual, organization, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of rival products or services and competition, the monopolist has the ability to command high prices. A company with a monopoly is one where its product is sold exclusively and there are no close substitutes. Unrestrained monopolies have the ability to set prices and exercise market power. Examples include Microsoft and Windows, DeBeers and diamonds, and your neighborhood gas provider. A scenario known as monopoly occurs when there is only one vendor in the market. The monopoly situation is viewed as the polar opposite of perfect competition in standard economic theory.
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What are the functions of money?
A. A measure of debt
B. A storehouse of value
C. A form of bartering
D. A unit of account
E. A medium of exchange
Answers
Answer:
E,C, and D, and B
Explanation:
The functions of money are- a measure of debt, a storehouse of value, a unit of account, and a medium of exchange. Thus all the options except C are the functions of money.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socio-economic context as payment for goods and services and repayment of debts, such as taxes.
Money serves as a medium of exchange, a unit of account, a store of value, and, in some cases, a standard of deferred payment. Money was historically an emerging market phenomenon with intrinsic commodity value.
Its value is derived as a result of social convention, having been declared legal tender by a government or regulatory entity; that is, it must be accepted as a form of payment within the borders of the country, for "all debts, public and private."
Therefore, options A, B,D, and E are the functions of money.
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Maxwell Agricultural Inc. is a farm implement manufacturing company. It distributes shares of stock to its employees by placing the stock in a trust managed on the employees' behalf. What is Maxwell Agricultural using in this scenario
Answers
When the agricultural company distributes its shares of stock to its employees, the scenario is known as Employee Stock Ownership Plan.
Employee Stock Ownership Plan is an example of benefit plan for the employee because the company gives its employees ownership interest in the company.
The action for the Employee Stock Ownership Plan is to motivates, retain and rewarding its employeesIn conclusion, when company distributes its shares of stock to its employees, the scenario is known as Employee Stock Ownership Plan.
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Question 1
25 pts
Client 1: When I was three years old, I started making candy with my grandrłother.
I am now 10 and I want to sell chocolate candy with a farm theme to my friends and
family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in
Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jelly
beans dipped in chocolate). The start-up expenses for my business are pretty small: a
few candy molds, candy and chocolate.) My parents have agreed to loan me the
money I will need and to let me work in the family kitchen. Schoolwork has to take
priority over business so if I have more sales than I can handle, I will probably ask
friends or my older brother to help. My brother is also pretty good at math and
computers so he could help me with keeping track of my expenses and advertising. I
really like the product development and packaging part of the business.
Answers
Answer:
This is an absolutely great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?
Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5 for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!
Which educational options are especially useful for technical workers like Carpenters and Electricians? Check all that apply. career colleges apprenticeships associate degrees bachelor’s degrees
Answers
Answer:
A and B
Explanation:
I took the test
Answer:
the correct answer is A and B
Explanation:
Pat and his friend rent an apartment together. Their total cost to move in included first month's rent, last month's rent and a security deposit of $600. If Pat paid a total of $1,050 to move in, how much is his share of the rent each month?.
Answers
Pat and his friend rent an apartment together. Their total cost to move in included the first month's rent, last month's rent, and a security deposit of $600. If Pat paid a total of $1,050 to move in,
Explanation: We know that he and his friend rent an apartment together. Their total cost to move in included the first month's rent, last month's rent, and a security deposit of $600.Pat paid a total of $1,050 to move in. We have to find Pat's share of the rent each month. We will begin by calculating the total amount of rent they paid to move in. It is calculated by subtracting the security deposit from the total amount paid to move in. So, Total rent paid = Total amount paid - Security deposit= $1,050 - $600= $450Now, we know that the total rent for the apartment is split between Pat and his friend. Therefore, we can divide the total rent by two to find each of their shares:$450 ÷ 2 = $225Therefore, Pat's share of the rent each month is $225.
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