Francum Company has the following data: direct labor $237,300, direct materials used $192,900, total manufacturing overhead $250,060, and beginning work in process $30,450.

Compute (a) total manufacturing costs and (b) total cost of work in process.

Total manufacturing costs
Total cost of work in process

Answer:

Part 1              Penny Henderson  

                    Income Statement  

For the year ended December 31, 2013  

 Sales                                                   $53,000

 Less: Cost of goods sold  

 Beginning Inventory               12,700

Add: Purchases                37,000                    

Total Goods available for sale    49,700                      

Less: Inventory, end          9,600                    

Cost of goods sold                        $40,100

 Gross profit                                         $12,900

Less: Operating expenses  

 Utilities expense                 1,400

Rent expense                4,600

 Sales commission        4 ,900                    

Total operating expense                       $10,900

 Net Income                                           $2,000

Part 2

1.  $77,350

2.                         Floral Manufacturing  

                           Income Statement  

            For the year ended December 31, 2014  

Sales                                           $109,000

Less: Cost of goods sold    

Raw materials, beginning       11,000

Add:Purchases               34,000              

Raw materials available      45,000

Less: Raw material, end        6,500              

Cost of raw material used      38,500

Add: Direct labor               20,000              

Prime Cost                       58,500

Add: Factory overhead      22,350              

Manufacturing cost      80,850

Add: Work in process, beginning      -

Less: Work in process, Ending  3,500                

Cost of Goods Manufactured   77,350

Add: Finished goods, beginning         -

Cost of goods available for sale 77,350

Less: Finished goods, ending  4,000              

Cost of goods sold                       73,350

Gross profit                                    $35,650

Less: Operating expenses  

Customer service hotline                 1,700

Net Income                                    $33,950

3. The difference between the 2013 and 2014 income statement is the composition of their cost of goods sold. In 2013, there is no cost of goods manufactured, raw materials and work in process account like 2014.

Part 3

1. Ending inventory of $9,600

2. Ending inventory of $14,000

Explanation:

Part 2

1.                        Floral Manufacturing

       Statement of Cost of Goods Manufactured

          For the year ended December 31, 2014

Raw materials, beginning       11,000

Add:Purchases               34,000              

Raw materials available      45,000

Less: Raw material, end        6,500              

Cost of raw material used      38,500

Add: Direct labor               20,000              

Prime Cost                       58,500

Add: Factory overhead      22,350              

Manufacturing cost      80,850

Add: Work in process, beginning      -

Less: Work in process, Ending  3,500                

Cost of Goods Manufactured   77,350

3. The difference in the 2013 and 2014 preparation came from the balances of working in process and raw materials in the 2014 production wherein 2013 on the hand don't have it.

Part 3.

1. 2013 ending inventory consists of the goods not yet sold at the end of the year.

2. 2014 ending inventory consists of raw materials ending balance of $6,500 plus the work in process ending balance of $3,500 and the finished goods ending balance of $4,000.

Answer:

1

Unitary elastic

Elasticity of demand is unitary elastic because the absolute value of elasticity is equal to 1.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

Percentage change in quantity demanded = (25 - 15) / 25 = 0.4 × 100 = 40%

Percentage change in price = ($5 - $7) / $5 = 0.4 × 100 = 40%

Elasticity of demand = 40% / 40% = 1

If coefficient of elasticity is equal to 1, demand is unit elastic. It means that a change in price has an equal efect on the quantity demanded. Quantity demanded has an equal and proportional change to changes in price.

I hope my answer helps you

The price elasticity of demand is calculated to be 1, indicating unitary elasticity. This means a percentage change in price leads to an equal percentage change in quantity demanded, which implies widgets have a proportional responsiveness to price changes.

The price elasticity of demand for widgets can be calculated using the formula: PED = (% Change in Quantity Demanded) / (% Change in Price)

To determine the percentage change in quantity demanded, subtract the new quantity (15 widgets) from the original quantity (25 widgets), divide by the original quantity, and multiply by 100. The calculation is: [(15 - 25) / 25] * 100 = -40%

The percentage change in price is calculated as: [(7 - 5) / 5] * 100 = 40%

Substituting these values into the formula gives: PED = (-40%) / (40%) = -1. Because we usually report price elasticity of demand as absolute values, we interpret it as 1 in absolute value terms.

Since the price elasticity of demand is 1, it indicates a unitary elasticity. This implies that a 1% change in price induces a proportionate 1% change in quantity demanded. So, as price increased, customers decreased their purchase of widgets proportionately.

https://brainly.com/question/31293339

#SPJ12

Answer:

no tax this year

Explanation:

given data

Shane loses =  $6,800  

income tax rate = 40%    

to find out

how much income tax pay this year

solution

we know that here Shane business as SNB, Inc started slower than expected

and we notice he have loss of $6,800

so that it will pay no tax this year because his business generate a loss

so it is probably can be carry forward loss to future year to offset income

so no tax this year

Audience analysis is pivotal in selecting the appropriate organisational strategy for a business message, be it direct or indirect. Understanding the audience's preferences, needs, and expectations guides this choice.

A direct strategy suits audiences with limited time, already familiar with the subject, where the main point is stated upfront. Conversely, an indirect strategy, building up to the main point, suits unfamiliar or skeptical audiences.

The wrong strategy can lead to disengagement or confusion. Audience analysis ensures alignment between strategy and audience, optimizing comprehension, engagement, and persuasion, fostering effective communication and desired outcomes in the business message.

Learn more about audience analysis here:

https://brainly.com/question/32507706

#SPJ12

Answer:

Total sum in the account= $5,438,822.55

Explanation:

Future Value of a single sum

The amount of $12,548 already in the account will earn interest for 37 years at the same rate of 15% compounded yearly. The amount this will accrue to is called the Future value of a lump sum. This can be worked as thus:

FV = PV × (1+r)^(n)

FV = 12,548 × (1.15)^(37)

= $12,548 × 176.124

= $2,210,011.85

Future Value of an annuity

The series of $3,382 to be invested per year to earn an interest of 12% per year for 12 years is called the annuity. The worth of this investment at the end of the 12th year is called the Future value of annuity. It can worked as out as follows:

FV = A ×((1+r)^n - 1)/r

= 3,382 ×( (1.15)^(12) - 1)/0.15)

= 3,382 × 29.0016

= $98,083.64

From the 12th year to 37th year is another 25 years. So the $98,083.64 would be treated as another lump sum invested. So we work out its future value as follows:

FV = 98,083.64 × (1.15)^(25)

= 98,083.64 × 32.9189

=$ 3,228,810.70

Total sum in the account at the end of the 37th year :

= $2,210,011.85 + $ 3,228,810.70

= $5,438,822.55

Explanation:

The computation is shown below:

a) Straight-line method:

= (Purchased cost of packaging equipment - residual value) ÷ (expected useful life)

= ($72,000 - $4,500) ÷ (3 years)

= ($67,500) ÷ (3 years)  

= $22,500

In this method, the depreciation is same for all the remaining useful life

So for all years, the total depreciation is

= $22,500 × 3 years

= $67,500

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ expected useful life

= 1 ÷ 3

= 33.33%

Now the rate is double So, 66.67%

In year 1, the original cost is $72,000, so the depreciation is $48,000 after applying the 66.67% depreciation rate

And, in year 2, it would be

= ($72,000 - $48,000) × 66.67%

= $16,000

And, in year 3, it would be

= $67,500 - $48,000 - $16,000

= $3,500

So the total depreciation is

= $48,000 + $16,000 + $3,500

= $67,500

(c) Units-of-production method:

= (Purchased cost of packaging equipment - residual value) ÷ (estimated operating hours)  

= ($72,000 - $4,500) ÷ (18,000 hours)

= ($67,500) ÷ (18,000 hours)  

= $3.75 per hour

For first year

= 7,600 × $3.75 per hour

= $28,500

For second year

= 6,000 × $3.75 per hour

= $22,500

For third year

= 4,400 × $3.75 per hour

= $16,500

So, the total depreciation is

= $28,500 + $22,500 + $16,500

= $67,500

2. By above calculations, we concluded that the double declining method yields higher depreciation expense in year 1 i.e $48,000

3. By above calculations, we concluded that the all depreciation methods yields most depreciation over the three-year life of the equipment

Answer:

b. No journal entry is required

Explanation:

Given that

Estimated percentage of losing = 40%

Estimated amount = $800,000

By considering the above information, we concluded that

As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.

Therefore in the given case, the correct option is b.

Answer:

Beta of portfolio will be 0.92

So option (C) will be correct answer

Explanation:

We have given total  investment of stock = $100000

Investment of stock A = $75000

Investment of stock B = $100000 - $75000 = $25000

Wight of stock A [tex]=\frac{75000}{100000}=0.75[/tex]

Weight of stock B [tex]=\frac{25000}{100000}=0.25[/tex]

Beta of stock A = 0.75

And beta of stock B = 1.42

We have to fond the beta of portfolio

So beta of portfolio = weight of stock A × beta of stock A + weight of stock B × beta of stock B = 0.75×0.75 +0.25×1.42 = 0.92

So beta of portfolio will be 0.92

So option (C) will be correct answer

Comprehensive income is determined by adding or subtracting income other comprehensive income to (from) net income.

Comprehensive income is a financial reporting concept that goes beyond traditional net income. It includes all changes in shareholders' equity during a specific period, except those resulting from investments by owners and distributions to owners. Comprehensive income encompasses both realized and unrealized gains and losses, such as changes in the fair value of investments or foreign currency translation adjustments.

This broader perspective provides stakeholders with a more comprehensive view of a company's financial performance and helps assess its overall economic well-being. It's particularly valuable for companies with significant exposure to market fluctuations, foreign operations, or complex financial instruments, as it captures a more holistic picture of their financial health.

https://brainly.com/question/33501787

#SPJ6

Comprehensive income is calculated by adding Other Comprehensive Income to Net Income. Other Comprehensive Income includes all unrealized gains and losses not included in net income. Therefore, it provides a broader view of a company's financial performance.

Comprehensive income is determined by adding

Other Comprehensive Income

(OCI) to

Net Income

, as per option d in your question.

Comprehensive Income helps to provide a bigger and more holistic picture of a company's financial performance. Unlike Net Income, Comprehensive Income includes all revenues, costs, gains, and losses that directly affect shareholders' equity. Other Comprehensive Income encapsulates unrealized gains and losses that are not included in net income, such as foreign currency translation gains or losses, pensions plan gains or losses, and unrealized gains or losses from hedging activities.

So, to calculate Comprehensive Income, you start with Net Income and then add or subtract Other Comprehensive Income. This can include both positive and negative amounts, depending on the company's activities during the accounting period under consideration.

https://brainly.com/question/33501787

#SPJ6

Answer:

annual percentage rate: 7.0404%

Explanation:

We need to solve for the annual convertible rate  when we are given with the annual effective rate:

[tex](1+APR/52)^{52}=1+0.07289\\APR =( \sqrt[52]{1.07289} -1) \times 52\\[/tex]

apr = 0.0704035593 = 7.0404%

Answer:

7.0403

Explanation:

Suppose the initial investment is $1, we start the formula rEFF=A−P0P0. Next, substituting, we now have 0.07289=A−11 or 0.07289=A−1, so A=$1.07289. We now use this value for A in the formula A=P0⋅(1+rk)N⋅k with P0=$1, k=52 compounding periods for weekly compounded interest, N=1 year, and r is the unknown monthly compounded interest rate for which we are solving. Plug the values into the formula. Take the fifty-second root of both sides. Next, subtract 1 from both sides, and multiply both sides by 52.

1.072891.00135390.00135390.0704028=(1+r52)52=1+r52=r52=r

The final step gives us 0.0704028, converted into a percentage and rounded to four decimal places is 7.0403.

Answer:

accounts receivables   4,000 debit

             services revenue       4,000 credit

Explanation:

The accounting works with accrual basis so we will reocrd the transaction when it was performed regarding of the time of collection of the catering services.

The accounting wil represent the fact the services weren't pay at the moment of performance thus, the business has the claim on the billed amount.

Also, it will represent the amount earned for the business which is the 4,000 dollar billed.

The accounting transaction for Mary's Morsels Company will be recorded as a $4000 increase in Assets (Accounts Receivable) and a $4000 increase in Equity (Service Revenue), per the principles of accrual accounting.

In the given scenario, Mary's Morsels Company has provided a catering service but the payment of $4000 will be received in the following month. This is known as accrual accounting. For May 1, the entry in the accounting equation would show an increase in Accounts Receivable and an increase in Service Revenue, both by $4000.

This means the accounting equation is as follows: Assets = Liabilities + Equity

Here, Assets (Accounts Receivable) increase by $4000 and Equity (Service Revenue) also increases by $4000, while there is no change in liabilities. So, you would add $4000 to both sides of the equation.

https://brainly.com/question/34770329

#SPJ3

Answer:

The company will report $115,000

Explanation:

Giving the following information:

Sales revenue= 350,000

Cost of goods sold= (150,000)

Gross profit= 200,000

Operating expenses= (110,000)

Net operating income= 90,000

Foreign currency translation gain= 25,000

Net income= 115,000

The company will report $115,000

The order of current assets based on liquidity, starting from the most liquid, is Cash, Accounts Receivable, Supplies, Prepaid Insurance, and short-term Debt Investments.

In this context, the order of liquidity is the sequence in which assets would be converted into cash. This implies that cash, being the most liquid asset, would be listed first followed by Accounts Receivable, then Supplies, Prepaid Insurance and finally short-term Debt Investments.

Current Assets

https://brainly.com/question/34936344

#SPJ3

Answer:

The correct answer is letter "B": a leftward shift of the demand curve because of the high price.

Explanation:

The equilibrium price represents the point at which buyers' demand and sellers supply face each other because both parties' needs are satisfied. If the price of a given product is higher than the equilibrium level, the quantity demanded is likely to decrease which directly implies a leftward move in the demand curve.

Answer:

a. 4.89%

b. 5.23%

Explanation:

We use the rate formula which is shown in the attached spreadsheet

Given that,  

Present value = $2,000 × 108.96% = $2,179.20

Future value or Face value = $2,000  

PMT = $2,000 × 5.7% ÷ 2 = $57

NPER = 16 years × 2 = 32 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

a. The yield to maturity of the bond is 4.89%

b. The current yield would be

= 57 × 2 ÷ $2,179.20

= 5.23%

a) When The yield to maturity of the bond is= 4.89%

b) After that The current yield is = 5.23%

Now We are using the rate formula are:

Given that as per question:

Now The Present value is = $2,000 × 108.96% = $2,179.20

Then The Future value or Face value is = $2,000  

Then PMT is = $2,000 × 5.7% ÷ 2 = $57

Now NPER is = 16 years × 2 = 32 years

Then The formula is shown below:  

That is, = Rate(NPER;PMT;-PV;FV;type)  

Then The present value come in negative  

a. Hence, The yield to maturity of the bond is 4.89%

b. Thus, The current yield would be

= 57 × 2 ÷ $2,179.20

= 5.23%

Find more information about Maturity of the bond here:

https://brainly.com/question/20364533

Answer:

The amount of money that is in the account three years from now is $8,142.

Explanation:

Future Value of $1200

FV = PV (1 + r )n

     = 1200*(1 + 12%)^3

     = $1685.91

Future Value of $2200

FV = PV (1 + r )n

     = 2200*(1 + 12%)^2

     = $2759.68

Future Value of $3300

FV = PV (1 + r )n

     = 3300*(1 + 12%)^1

     = $3696.00

Total Future Value = $1685.91 + $2759.68 + $3696.00

                               = $8142

Therefore, The amount of money that is in the account three years from now is $8,142.

By accumulating each cash flow separately over its respective period at a 12% interest rate and summing the future values, we determine that approximately $8,148.06 will be in the account three years from now.

To calculate the future value of cash flows deposited in a bank account earning 12% interest, we need to accumulate each cash flow to the end of the three-year period. The cash flow received today, $1,200, earns interest for three years. The cash flow received in one year, $2,200, earns interest for two years. Finally, the cash flow received in two years, $3,300, earns interest for one year.

The future value (FV) is found using the formula FV = PV(1 + r)ⁿ, where PV is the present value, r is the interest rate per period, and n is the number of periods. Following this formula, the future values of the cash flows are:

$1,200  imes (1 + 0.12)³

$2,200  imes (1 + 0.12)²

$3,300  imes (1 + 0.12)¹

Summing these future values will give us the total amount in the account three years from now:

$1,200  × (1.12)³
= $1,689.18 (approx.)

$2,200  × (1.12)²
= $2,762.88 (approx.)

$3,300  × (1.12)¹
= $3,696.00 (approx.)

Adding these figures gives us:
$1,689.18 + $2,762.88 + $3,696.00
= $8,148.06 (approx.)

Therefore, three years from now, there will be approximately $8,148.06 in the account.

Answer:

All of these

Explanation:

This is because a multinational company can cut costs of operation from one country to another.For example, for the same company setup, one in China and the other in America, the former will have a lower wage scale than the latter due to their varied economic policies.

Furthermore, there will also be less stringent regulation and lower taxes and tariffs in the former than the latter

Answer:

€92.64

Explanation:

The present value i.e PV formula is used that is shown in the attached spreadsheet  

The NPER reflects the time period.

Given that,  

Future value = €100

Rate of interest = 6%

NPER = 10 years

PMT = €100 × 5% = €5

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be €92.64

To find the present value of a bond, calculate the present value of its future coupon payments and its face value, then sum these values. The present value of the bond is the amount it would be worth in today's euros.

The bond's present value (PV) is computed using a discount rate equal to the market interest rate and cash flows based on the bond's face value and coupon rate. The bond pays an annual coupon of €5 (€100 * 5%) for 10 years and pays back the face value of €100 at maturity. Each cash flow is discounted back at the 6% interest rate:

Adding these two components together gives the total present value of the bond. This tells us how much the bond would be worth in today's euros, given the future cash flows and the market interest rate.

https://brainly.com/question/29451394

#SPJ11

Answer:

. Inelastic demand, inelastic supply. 

Explanation:

If demand is inelastic, a small change in price has little or no effect on the quantity demanded.

If supply is inelastic, a small change in price has little or no effect on the quantity supplied.

Government tax increases the cost of a good. If tax is levied on a good and both demand and supply are inelastic, government revenue would increase and be the highest when compared to the other options.

Demand is elastic when a change in price has a greater effect on the quantity demanded.

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

If demand or supply is elastic and government imooses tax, revenue would fall as quantity demanded would fall.

I hope my answer helps you

For the highest government revenues, the scenario featuring inelastic demand and inelastic supply is optimal. This is due to consumers and producers being less responsive to price changes, consequently maintaining quantities of goods bought and sold, leading to more revenue.

Given the scenarios outlined in the question, government revenues will be the highest in the situation with inelastic demand and inelastic supply (option b). The term 'elasticity' refers to how sensitive the quantity demanded or supplied is to changes in price. When demand is inelastic, consumers are less responsive to price changes, so a tax that raises the price will result in smaller decreases in quantities bought. Similarly, when supply is inelastic, producers cannot rapidly change their production quantities in response to price changes, so a tax that raises the price will not result in large decreases in quantities supplied. The combination of inelastic demand and inelastic supply means that a tax increase will cause small decreases in quantities bought and sold, thus resulting in higher government revenues.

https://brainly.com/question/33102205

#SPJ3

Answer:

d. there is a technological improvement.

Explanation:

a) replacing production of one good in favor of another will be a move across the PPF

b) abandon inefficient production will bring the production to the PPF from a place below it.

c) has no relationship it will simply put inflationary pressure.

d) the technological improvement will make a better use of the factor thus, increasing productivity and making possible more production with the same amount of materials.

The Production Possibility Frontier (PPF) can shift outward in the event of improvements in efficiency of production methods or technological advancements. An increase in money in the economy or shifting resources between products do not directly shift the PPF.

The Production Possibility Frontier (PPF) is a graphical representation showing the combination of two goods that can be produced using available resources and technology efficiently. The PPF can shift outwards due to certain factors. Among the options given:

https://brainly.com/question/31725148

#SPJ6

Hope this helps. Enjoy! Explanation is provided.

Final answer:

A margin call would occur if the futures price decreases by 10 cents per pound. The trader is able to withdraw $2,000 from the account when the account balance exceeds the initial margin requirements by that amount.

Explanation:

A trader buys two July futures contracts on orange juice with each contract being for the delivery of 15,000 pounds. The current futures price is 160 cents per pound, with an initial margin of $6,000 and a maintenance margin of $4,500 per contract.

A margin call occurs when the account balance falls below the maintenance margin. Since the initial margin is $6,000 and the maintenance margin is $4,500, this represents a $1,500 cushion per contract for the price to move against the trader before a margin call is issued. So, for two contracts, the trader has a total cushion of $3,000 ($1,500 x 2). Therefore, to trigger a margin call, the total value of the contracts must decline by $3,000.

Since each contract is for 15,000 pounds, and there are two contracts, the total weight covered is 30,000 pounds. To find the price change per pound that would lead to a margin call, divide the total cushion by the total pounds: $3,000 cushion / 30,000 pounds = $0.10 per pound. Thus, a decrease of 10 cents per pound in the futures price would trigger a margin call.

$2,000 can be withdrawn from the account when the account balance exceeds the initial margin requirements by at least $2,000. This would happen if the futures price moves in favor of the trader, increasing the value of the positions.

Answer:

$5 million

Explanation:

Trina'sTrikes, Inc. reported following figures:

Debt Equity Ratio = 2

Total Debt = 10 million

Formula for Debt Equity ratio is as follows:

Debt Equity Ratio = Total Debt / Total Equity

2 = $10 million /  Total Equity

Total Equity = $10 million / 2

Total Equity = $5 million

So the correct option is $5 million

Answer:

There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.

Explanation:

The allowance account is the account used to record receivables due that may not be collectible.

When a company has determined that a receivable may be uncollectible, the company credits the allowance for receivables account and debits bad debit expense. This reduces the accounts receivable balance in the balance sheet as the receivables to be reported will be net the allowance given. As such, where on December 31, 2020, Allowance account balance includes $3,076 for a past due account that is not likely to be collected.

There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.

Frederick W. Taylor would likely discuss the equal division of work and responsibility between managers and employees, reflecting his emphasis on scientific management, time and motion studies, and improving workplace efficiency.

If Frederick W. Taylor were speaking to a friend about scientific management, he might say: "Are you dividing work and responsibility equally between managers and employees? Managers need to provide friendly help to the workers they employ." This statement aligns with Taylor's philosophy on improving efficiency and productivity in the workplace through careful study and redesign of work processes and fostering a supportive relationship between management and workers. Taylor's approach emphasized the importance of time and motion studies for creating efficient work processes and believed that the goal of management should be to maximize productivity, benefiting both the employer and the employees.

Answer:C

Explanation:

A lexicon in text analysis is a catalog of words, their synonyms, and their meanings. It serves as a tool for understanding and analyzing language, identifying semantics and context of words used in a text.

In text analysis, a lexicon is essentially a catalog of words, their synonyms, and their meanings. Think of it as a type of language database where each word is linked with its meaning or definitions and possibly its synonyms, antonyms, and other related words. A lexicon serves as a tool for understanding and analyzing language in a text. It helps to identify the semantics and context of words used in the text.

For example, a lexicon for English language literature would contain an extensive list of words used in English literature along with detailed information about each word's usage, meanings, and related words.

https://brainly.com/question/36935779

#SPJ6

Answer:

Quantity demanded falls by 3.5 percent.

Explanation:

Given that,

Income elasticity of demand = +0.50

Price elasticity of demand = -0.15

Cross-price elasticity of demand = +0.35

price of services at St. Elsewhere falls by 10 percent

Therefore,

Cross price elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in price

+0.35 = Percentage change in quantity demanded ÷ (-10%)

0.35 × (-10%) = Percentage change in quantity demanded

(-3.5%) = Percentage change in quantity demanded

Hence, the  quantity demanded falls by 3.5%.

Final answer:

Using the cross-price elasticity of demand, a 10 percent decrease in the price of services at St. Elsewhere leads to a 3.5 percent drop in the quantity demanded at Urban General.

Explanation:

The question involves understanding the impact of a change in the price of services at a nearby hospital (St. Elsewhere) on the demand for services at Urban General, utilizing the concept of cross-price elasticity of demand. Given that the cross-price elasticity of demand with respect to the price of services at St. Elsewhere is +0.35, and there's a 10 percent fall in the price of services at St. Elsewhere, we can calculate the effect on the quantity demanded at Urban General. Since cross-price elasticity of demand measures the percentage change in the quantity demanded of one good resulting from a 1 percentage change in the price of another good, a 10 percent decrease in the price at St. Elsewhere leads to a 3.5 percent (0.35 * -10) fall in the quantity demanded at Urban General. Therefore, the correct answer is: Quantity demanded falls by 3.5 percent.

The question asks for the preparation of journal entries for various January transactions in a business context.

The subject of this question is Business. The question is asking to prepare journal entries for various January transactions. To prepare journal entries, we need to record the transactions in the appropriate accounts, following the rules of double-entry bookkeeping.

Three important steps are involved in preparing journal entries:

Based on the given transactions, you will need to analyze and record the corresponding journal entries, considering the impact on different accounts such as cash, accounts receivable, rent revenue, supplies, accounts payable, wages expense, and utility expense.

https://brainly.com/question/33762471

#SPJ12

Answer:

The company's debt to equity ratio is 1.32

Explanation:

Wilson Company has following

Total Debt = Current liabilities + long-term liabilities

Total Debt = 100 + 150 = $250

Total Capital = Contributed capital + Retained earnings + Accumulated other comprehensive income

Total Capital = 120 + 50 + 20 = 190

Debt to equity Ratio = Total Debt / Shareholders Equity

Debt to equity Ratio = 250 / 190

Debt to equity Ratio = 25 / 19

Debt to equity Ratio = 1.32

Final answer:

The calculation of the debt to equity ratio for Wilson Company is 1.32, meaning that for every dollar of equity the company has $1.32 in debt.

Explanation:

The question asks to calculate the debt to equity ratio for Wilson Company based on the provided financial data. To compute the debt to equity ratio, we sum the company's current and long-term liabilities and then divide that sum by the total equity. In this case, the equity is the sum of contributed capital, retained earnings, and accumulated other comprehensive income.

The calculation would be as follows:
(Current Liabilities + Long-term Liabilities) / (Contributed Capital + Retained Earnings + Accumulated Other Comprehensive Income)
($100 + $150) / ($120 + $50 + $20) = $250 / $190 = 1.32 approximately.

Therefore, the debt to equity ratio for Wilson Company is 1.32. This means that for every dollar of equity, the company has $1.32 in debt.

Answer:

Rightward Shift in

Explanation:

Price of inputs is one of the factors affecting the supply.

When price of inputs decrease, the production of that good increases as a consequence, thereby increasing the supply, despite price of the good remaining same.

A shift in a supply curve occurs when factors other than price change. For instance, tastes and preferences, price of complementary goods, income of the consumer, price of inputs, etc.

In the given case, price of metal relates to a factor other than price i.e price of an input. When price of input reduces, it results into a rightward shift in the supply curve. Also referred to as an "increase in supply".

The expected value of the company's price at public offering, considering the probabilities and values provided, is calculated to be $42.5 billion.

The expected value of the company's price when it goes public can be calculated using the probabilities and values given. The expected value (EV) is calculated by multiplying each possible value by its corresponding probability and summing these products. Therefore, the calculation is as follows:

Adding these values together, the EV = $1 billion + $31.5 billion + $10 billion = $42.5 billion.

Thus, the owner should expect the company to price at around $42.5 billion when it goes public.