Answer: Routine problem solving
Explanation: In simple words, routine problem solving refers to the straight and simple problems that usually do not require any creativity to get solved. These problems are solved by following a predetermined set path of guidelines.
In the given case, Mary has been dealing with Gibson for many years, that is, they must be having strong business relations. Also she will be full aware of the operations of Gibson's business framework.
Hence Mary would employ routine problem solving.
Answer:
The correct answer is option b.
Explanation:
The imposition of a tax causes the price of the product to increase. The price paid by the consumer increases while price received by the producers gets reduced.
This change in price causes the equilibrium quantity to decrease. This reduction in quantity creates a deadweight loss.
The deadweight loss will be smaller if the price elasticity of supply is smaller as well. Smaller price elasticity means that a change in price will create smaller changes in the quantity supplied. Smaller change in quantity will create smaller deadweight loss.
Answer:
The basic earnings per share for the present year is $7.36 per share
Explanation:
The basic earnings per share for the current year of Comma is computed as:
= (Net Income - preferred stock) / Outstanding shares
where
Net Income is $200,000
Preferred stock is computed as:
= Shares × 10% × Price × 10%
= 8,000 × 10% × $20
= 800 × $20
= $16,000
Outstanding shares - 25,000
Putting the values above:
= ($200,000 - $16,000) / 25,000
= $ 184,000 / 25,000 shares
= $7.36 per common share
Answer:
e. That practice is prohibited by federal law.
Explanation:
This practice that fred engages on is prohibited by federal law. I'm other to put an end to funeral homes taking advantage of their customers, the 1983 general rule was made by the federal trade commission. The law requires that all customers get adequate information about the services that they are to get from a funeral provider.
Answer:
a. Sep 10
b. $21,823
c. $21,500
Explanation:
a) Due date of the note
July 13 to 31 = 19 days
Aug 1 to 31 = 31 days
Sep 1 to Sep 10 = 10 days
due date is Sep 10
b) Maturity value of the note
$ 21500 + $ 21500*9%*60/360
= $ 21823
c) Journal entry
Cash debit $ 21823
interest recieved credit $323
Notes Receivable credit $ 21500
