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1 year ago

If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be:________

Business

1 answer:

natta225 [31]1 year ago

5 0

Answer:

d) Equity would increase by $63,228

Explanation:

We are not given any information about stock prices, but we do not need them. Whenever new common stocks are issued, stockholders' equity will increase (always).

Retained earnings are affected by net income and dividends:

net income increases retained earnings
dividends decrease retained earnings

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Judi Pendergrass is an account representative at Ever Pharmaceuticals. She has a company car for customer visits, which she uses

scoundrel [369]

Answer: None

Explanation: The IRS commuting rule allows for business travel expenses to be deducted as business expenses but this does not apply to commuting expenses.

Business travel expenses include Judi driving the company car to customer's locations or using any other form of transportation to meet a client. It even covers travelling by plane to another state for the same purpose.

It however does not apply to travelling between home and work, this is a daily travel expense as you need to get to work anyway.

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2 years ago

When the floor rusted through on her old car, kelly knew she had a problem. logically, kelly's next step in the consumer decisio

n200080 [17]

To search for information about cars would be Kelly’s next step in the consumer decision process. The consumer decision-making process is composed of five steps that can be a guide for marketers to understand and communicate effectively to consumers. These steps are following: 
1.Need recognition
2.Information search
3.Evaluations of alternatives 
4.Purchase
5.Post-purchase behavior.

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2 years ago

Read 2 more answers

If Starbucks raises its price by 5 percent and McDonald’s experiences a 0.5 percent increase in demand for its coffee, what is t

Gnesinka [82]

Answer:

Cross-price elasticity of demand = 0.1

Explanation:

We have the formula to calculate the cross-price elasticity of demand as below:

Cross-price elasticity of demand = % change in quantity demanded for product X/ % change in price of product Y

Starbucks raises its price by 5 percent, so that percentage changes in price of Starbucks' products are 5

McDonald's experiences a 0.5 percent increase in demand for its coffee, so that percentage changes in quantity demanded for McDonald's coffee is 0.5

=> Cross-price elasticity of demand = % changes in quantity demanded for McDonald's coffee/ %changes in price of Starbucks' products

= 0.5/5= 0.1

6 0

1 year ago

Ignacio owns a small business that employs 12 full-time workers. He has recently been told by his financial advisor that he woul

ASHA 777 [7]

Answer:

Ignacio would have to fire some of his full time workers and hire contingent workers.

Contingent workers are independent contractors. So Ignacio wouldn't be responsible for paying employment taxes since contingent workers are responsible for handling their own taxes.

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2 years ago

Vest Industries manufactures 40,000 components per year. The manufacturing cost of the components was determined as follows: Dir

torisob [31]

Answer:

If the company buys the component, income will decrease by $225,000.

Explanation:

Giving the following information:

Units= 40,000

The manufacturing cost:

Direct materials $ 75,000

Direct labor 120,000

Variable overhead 45,000

An outside supplier has offered to sell the component for $12.75.

Vest Industries can rent its unused manufacturing facilities for $45,000.

We will take into account only the differential costs.

Make in -house:

Total cost= 75,000 + 120,000 + 45,000= $240,000

Buy:

Total cost= 40,000*12.75 - 45,000= $465,000

If the company buys the component, income will decrease by $225,000.

6 0

2 years ago