Answer:
$50,000
Explanation:
To calculate the amount of cash that the company received from selling common stock during the year 2 we can use the following formula:
cash received = (common stock year 2 - common stock year 1) + (paid in capital in excess of par year 2 - paid in capital in excess of par year 1) =
cash received = ($110,000 - $100,000) + ($90,000 - $50,000) = $10,000 + $40,000 = $50,000
Answer:
A.
Explanation:
A. Smartphone headphone is the correct answer, because complementary goods are goods that sell together so, smartphone and headphones are complementary goods.
Karen split her commission 50-50 with her broker.
Therefore she is left with:
Karen’s commission = $3,522.75 * 0.5 = $1,761.375
Karen’s broker received 55% of the total commission.
Therefore Karen must only be receiving 45% of the total commission. The total
commission must be then:
Total commission = $1,761.375 / 0.45 = $3,914.17
On a rate of 7%, the sale price of the property must be:
Sale price = $3,914.17 / 0.07
<span>Sale price = $55,917</span>
Answer:
115,000 chairs
Explanation:
Calculation to determine How many of the chairs that were started were also completed during February
Using this formula
Chairs started and Completed=Beginning chairs production-Ending chairs production
Let plug in the formula
Chairs started and Completed=140,000 chairs- 25,000 chairs
Chairs started and Completed= 115,000 chairs
Therefore The numbers of chairs that were started and were also completed during February will be 115,000 chairs
Answer:
E. above; surplus; downward
Explanation:
When the price is <u>above</u> the equilibrium price, we would expect there to be a <u>Surplus</u>, causing the market to put <u>downward</u> pressure on the price until it went back to the equilibrium price.
Equilibrium price is the price at which demand and supply of goods are equal. If we plot in graph then we can see demand and supply curve intersect at the equilibrium price. In case price is above the equilibrium price then quantity supplied will be higher than quantity demanded then there will be surplus in the market, which create downward presure on the price as price was higher and consumer will purchase the product at low price. Therefore, both supply and demand forces price to be back at equilibrium.
