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1 year ago

Statement of Owner's Equity

Business

1 answer:

attashe74 [19]1 year ago

7 0

Answer:

Net equity is $727,500.

Explanation:

Statement of Owner's Equity:

Share Capital $781,000

Withdrawals $19,000

Net Loss $34,500

Net equity $727,500

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A large open economy has desired national saving of Sd = 1200 + 1000rw, and desired national investment of Id = 1000 - 500rw. Th

exis [7]

Answer: 10%

Explanation:

The Equilibrium real interest rate would be the interest rate that equates the Desired savings to the desired investment for both the National and foreign economy.

Desired national saving + Foreign desired national saving = Desired national investment + Foreign desired national investment

1,200 + 1,000rw + 1,300 + 1,000rw = (1,000 - 500rw) + (1,800 - 500rw)

2,500 + 2,000rw = 2,800 - 1,000rw

2,000rw + 1,000rw = 2,800 - 2,500

3,000rw = 300

rw = 0.1

rw = 10%

7 0

2 years ago

Pharoah Company just began business and made the following four inventory purchases in June: June 1 186 units $1290 June 10 248

kherson [118]

Answer:

Ending Inventory 2,092

Explanation:

PURCHASES

DATE QUANTY PRICE SUBTOTAL

1 186 $6.935484 $1,290.00

10 248 $7.78226 $1,930.00

15 248 $8.38710 $2,080.00

28 186 $8.81720 $1,640.00

Inventory on hand 260

Using FIFO we have to pick from the bottom of the table until reach 240 unit.

last line: June 28th 186 units total cost 1640

240 - 186 = 54 units

we need 54 more units so we go to next purchase

June 15th 54 units at 8.3810 = 542.034 = 542

Now we add to get total ending ivnentory

186 units 1640

54 units 452

Ending Inventory 2,092

5 0

2 years ago

Read 2 more answers

It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other p

dsp73

Answer:

a. Do these preferences exhibit a diminishing marginal rate of substitution?

no, because the consumer is actually purchasing a higher amount of goods, the only difference is that they are paying a lower price.

Assume that this consumer has $24 of income to spend on sugar, and the price of store-brand sugar is $1 per pound and the price of producer-brand sugar is $3 per pound.

The consumer will purchase 24 pounds of price of store sugar simply because the price is much lower, not because he/she wants to consume less. Actually a lower price might result in an increase of consumption.

b. How much of each type of sugar will be purchased?

If the consumer is willing to spend the whole $24 on sugar, he/she will purchase 24 pounds of store brand sugar. The alternative is to buy 8 pounds of producer brand sugar, and that is not a good deal.

c. How would your answer change if the price of store-brand sugar was $2 per pound and the price of producer-brand sugar was $3 per pound?

The consumer would purchase 12 pounds of store brand sugar instead of 24, but he/she will still not purchase producer brand sugar since the difference in price is still too high. Remember that consumers view both types of sugar as perfect substitutes, so they will purchase the brand with the lower price.

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2 years ago

Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September. Prio

Romashka [77]

Answer: Manufacturing overhead for the month was underapplied by $19,000.

Explanation:

From the question, we are informed that before the closing of the overapplied or underapplied balance to cost of goods sold, the total of the debits to the manufacturing overhead account was $75,000 and the total of the credits to the account was $56,000.

This implies that the manufacturing overhead for the month was underapplied by ($75000 - $56000)= $19000. The manufacturing overhead debit balance shows that manufacturing overhead was simply underapplied in this case.

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2 years ago

Sean works in San Jose, California, but her teammates work in Israel, Germany, and India. Together, they create coding GPS syste

stellarik [79]

Sam / she or he is a part of Firmament

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1 year ago