Answer:
a. It will increase.
b. It will decrease
c. It will decrease
d. it will increase.
Explanation:
If the price of an input needed for production of good X decreases, the cost of production of good X reduces. It becomes cheaper to produce good X and and as a result the supply of good X would increase.
An increase in tax increases the cost of production and makes production of good X more expensive. As a result, the supply of good X would fall.
technological change that reduces the cost of producing additional units of good X, would make the production of good X less expensive. As a result, the supply of good X would increase
Answer:
Net income$ 1,982
Explanation:
Preparation of income statement for Krafty Foods for the year ended December 31, 2021
Krafty Foods Income Statement For the Year Ended December 31, 2021
($ in millions)
Operating revenues 34,375
Less Cost of goods sold 17,631
Gross profit 16,744
Marketing, general and administration expenses
11,560
Operating income 5,184
(16,744-11,560)
Interest and other debt expense, net
1,537
Income before taxes 3,647
(5,184-1,537)
Income tax expense 1,665
Net income$ 1,982
(3,647-1,665)
Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982
Answer and explanation:
Rental agreements are legal documents where the landlord or owner of the property establishes to whom, what, when, and for how much a property or part of it will be leased. The landlord becomes responsible for granting conditions that allow the regular and peaceful living of the tenants within the property and the tenant becomes responsible for damages caused to the property and for the payment of rent on a regular basis established in the agreement.
<em>In Jesse and Francis's case, they hear their friends are renting their room on the weekends using an online house rental service. Under the rental agreement that would not be allowable since Jesse and Francis's friends would be leasing a property that does not belong to them. They cannot become landlords being only tenants. The real owner of the room can even evict the tenant for breaching the contract.</em>
We know that expected return is 16%. The standard deviation is 20%. And in addition, the risk-free rate is 4%. Denote with x: expected return, "Y": the risk-free rate and sigma: standard deviation. The reward-to-volatility ratio is(x-y) / (sigma) = (16-4) / 20 = .6
Answer:
Ending inventory cost= $1,494
Explanation:
Giving the following information:
Beginning Inventory: 300 $780
Purchases:
May 10: 400 units for $1,170
June 15: 500 units for $1,260 ($2.52 per unit)
August 28: 300 units for $990 ($3.3 per unit)
The company had 500 units were in its ending inventory at the end of the year.
Under FIFO (first-in, first-out), the ending inventory cost is calculated using the cost of the last units incorporated.
Ending inventory cost= 300*3.3 + 200*2.52= $1,494
