Answer:
Highland construction company
Income statement
For the year ended December 31, 2014
Sales revenue=128,400
Total expense=80,200
Pretax income=48,200
Tax =14,460
Net income =33,740
Highland construction company
Statement of stockholder's equity
For the year ended December 31,2014
Balance December 31,2013=0
Stock issuance =87,000
Add:Net income
Less:Dividends
Balance December 31,2014=87,000
Highland construction company
Balance sheet
December 31,2014
Account payable=46,140
Salaries payable=2,520
Total liabilities
Common stock=87,000
Retained earnings=23,740
As complete information is not given so only relevant portion is done.
Answer:
$38.80 per share
Explanation:
The computation of the stock price one year from now is shown below:
But before that first need to do the following calculations
Current Year Price earning ratio is
= ($39.50 × 5,500,000) ÷ $8,000,000
= $27.15
Now
Next year earnings = $8,000,000 × (1 + 25%)
= $10,000,000
Finally,
Share price next year = ($10,000,000 × $27.15) ÷ 7,000,000
= $38.80 per share
Answer: Decrease by $9,800
Explanation:
It is shown that fees of $9,800 were earned during the month from clients who had paid in advance. Unearned fees are liabilities because they represent revenue that a company made for services it has not delivered yet.
When the company delivers the service like these ones just did, they will reduce this liability because they have now earned this revenue by delivering the service.
Omega will therefore reduce their unearned fees account by $9,800.
Answer:
B. Grouting
Explanation:
These are the options for the question;
A. Epoxy resin
B. Grouting
C. Tensioning
D. Ranging
In the case of dormant cracks wider than about 1m, it is more economical to use grouting method.
Grouting techniques is a techniques that is achieved by removal of dirt or unwanted substance from the crack of the the faulty part and then grouting of the crack after which the surface is sealed by sealants. It should be noted that grouting is economical than other methods such as surface treatment.
Answer:
Average consumption will be higher at University A
Explanation:
In the given situation the fee of €500 will cater for food for the semester in University A. There is no limit stated but the average student eats 250kg.
This implies that there will be students that eat higher than 250kg here.
Since there is no limit to what they can eat, they eat as much as possible to maximise satisfaction.
In University B on the other hand there is maximum of 250kg covered by the fee of €500.
The average amount of food eaten will be below 250kg as all students eat either at or below the maximum amount
