Questions
How would the following changes in price affect total revenue? That is, would total revenue increase,...

How would the following changes in price affect total revenue? That is, would total revenue increase, decline, or remain unchanged?

  1. Price falls and demand is inelastic.

  2. Price rises and demand is elastic.

  3. Price rises and supply is elastic.

  4. Price rises and supply is inelastic.

  5. Price rises and demand is inelastic.

  6. Price falls and demand is elastic.

  7. Price falls and demand is of unit elasticity

In: Economics

On 1 September 2019, Pink Boutique had total assets of $77,000 and total liabilities of $12,000....

On 1 September 2019, Pink Boutique had total assets of $77,000 and total liabilities of $12,000. During the month, the company sold watches and purses on credit for $35,000, and paid expenses in cash totaling $21,000. Additionally, there was a cash outflow of $8,000 towards prepayment of an expense that will be incurred by the business during October 2019. Based only on this information and assuming no further transactions, how much is the business’s equity at the end of the month, that is, on 30 September?

In: Accounting

On December 31, 2015, Sveva Inc. has total liabilities of $112,000 and total equity of $220,000....

On December 31, 2015, Sveva Inc. has total liabilities of $112,000 and total equity of $220,000. The company needs to raise additional funds through debt and equity. The company will issue 25,000 shares of common stock at $11.10 per share and in addition it intends to borrow as much as it can from Bank of Switzerville. Bank of Switzerville requires a maximum debt-to-asset ratio of 0.6. What is the maximum additional amount that Sveva can borrow after the additional stock is issued? Select one: a. $253,700 b. $332,330 c. $466,250 d. $634,250

In: Accounting

Wood Recovery has sales of $397,000, total assets of $225,000, and total debt of $101,700 million.

Wood Recovery has sales of $397,000, total assets of $225,000, and total debt of $101,700 million. The net profit margin is 6.2 percent. What is the return on equity? Multiple Choice

19.96%

5.99%

32.20%

1.32%

In: Finance

1. What are two differences between total debits on an adjusted trial balance and total assets...

1. What are two differences between total debits on an adjusted trial balance and total assets on a
balance sheet (assuming there is no accumulated depreciation)? (2 Points)
2. A king tells his two sons to race their camels to a distant city to see who will inherit his fortune.  
The one whose camel is slower will win.  The brothers, after wandering aimlessly for days, ask a
wise man for advice.  After hearing the advice, they jump on the camels and race as fast as they can
to the city.  What did the wise man say? (2 Points)

In: Accounting

The hamburger industry is in its long-run equilibrium with total industry sales based on total market...

The hamburger industry is in its long-run equilibrium with total industry sales based on total market demand of Qd = 4800 − 50P. The production function for hamburgers is described as Q = 6K.5L.5, which all market participants share. Current wages are $8, while rental rate is $72. The state has just decided to raise the minimum wage to $18. How many workers will lose their jobs in the hamburger industry?

In: Economics

Tom incorporates his sole proprietorship as Total Corporation and transfers its assets to Total in exchange...

Tom incorporates his sole proprietorship as Total Corporation and transfers its assets to Total in exchange for all 100 shares of Total stock and four $10,000 interest-bearing notes. The stock has a $125,000 FMV. The notes mature consecutively on the first four anniversaries of the incorporation date. The assets transferred are as follows:

Assets

Adjusted Basis FMV

Cash $ 5,000 $ 5,000

Equipment $130,000

Minus: Accumulated depreciation (70,000) 60,000 90,000

Building $100,000

Minus: Accumulated depreciation (49,000) 51,000   40,000

Land 24,000 30,000

Total $140,000 $165,000

a. What are the amounts and character of Tom’s recognized gains or losses?

b. What is Tom’s basis in the Total stock and notes?

c. What is Total’s basis in the property received from Tom?

Please use the new tax rules.

In: Accounting

Stock price $ 56 Number of shares 50,000 Total assets $ 8,800,000 Total liabilities $ 5,100,000...

Stock price $ 56 Number of shares 50,000 Total assets $ 8,800,000 Total liabilities $ 5,100,000 Net income $ 900,000 The company is considering an investment that has the same PE ratio as the firm. The cost of the investment is $640,000, and it will be financed with a new equity issue. The return on the investment will equal the company's current ROE. What is the current book value per share and the book value per share with the investment? What is the current market-to-book ratio and the market-to-book ratio with the investment? What is the current EPS and the EPS with the investment? What is the NPV of this investment? I found all answers except - New market to book and NPV. Please help!

There are no cash flows - in answer to the comment. This is all the info I have.

Stock price 56
Number of shares 50,000
Total assets 8,800,000
Total liabilities 5,100,000
Net income 900,000
cost of investment 640,000
Equity 3700000.000
ROE 0.2432
new net income 4340000.0000
NI 1055675.6757
EPS0 18.00
# new shares 11428.5714
EPS1 17.19
(P/E)0 3.2586
P1 56.00
BVPS0 74.00
BVPS1 70.65
market to book0 0.7568
market to book1 0.7926
NPV 0.0000

In: Finance

There are 20 total socks, 10 white and 10 black. This makes 10 total matching pairs...

There are 20 total socks, 10 white and 10 black. This makes 10 total matching pairs of 5 pair of white and 5 pair of black.

6. What is the total probability of picking a white sock and then another white sock (one pair of white socks)?

7. What is the probability of picking either a pair of white socks or a pair of black socks?

8. If each time you pick a sock from the drawer a sock just like it magically replaces it, what is the probability of picking either a pair of white socks or a pair of black socks?

9. How can you guarantee success of picking a matching pair? In other words, what is the minimum number of socks needing to be picked to guarantee a matching pair? (Hint: There is a right answer to this question!)

10. Explain dependent and independent trials and then further describe the difference between Question 7 and Question 8 as it relates to dependent and independent trials.

In: Statistics and Probability

58. Refer to the previous question. By what amount did total equity and total assets change,...

58. Refer to the previous question. By what amount did total equity and total assets change, if at all? (If the account balance
or amount did not change, state your answer as "$0.")

Use the following information to answer the next 10 questions:
A company with 50,000 authorized shares of$! par common stock issued 10,000 shares at $10 per share. Subsequently, the company declared and paid a $3 cash dividend per share. On the date, the company declared the dividend, the market price of the shares was $30 per share.

59. What is the effect of the dividend on Retained Earnings?
a. Retained earnings decreased
b. Retained earnings increased
c. Retained earnings remained the same
d. None of the above

60. Refer to the previous question. By what amount did Retained Earnings change, if at all? (If the account balance or amount did not change, state your answer as "$0.")

61. What is the effect of the dividend on Common Stock?
a. Common Stock decreased
b. Common Stock increased
c. Common Stock remained the same
d. None of the above

62. Refer to the previous question. By what amount did Common Stock change, if at all? (If the account balance or amount
did not change, state your answer as "$0")

63. What is the effect of the dividend on Paid-in Capital?
a. Paid-in Capital decreased
b. Paid-in Capital increased
c. Paid-in Capital remained the same
d. None of the above

64. Refer to the previous question. By what amount did Paid-in Capital change, if at all? (If the account balance or amount
did not change, state your answer as "$0.")

65. What is the effect of the dividend on the number of shares outstanding?
a. The number decreased
b. The number increased
c. The number remained the same
d. None of the above

66. Refer to the previous question. By what amount did the number of shares outstanding change, if at all? (If the account
balance or amount did not change, state your answer as "O.")

67. What is the effect of the dividend on total equity and total assets?
a. Total equity decreased and total assets decreased
b. Total equity decreased and total assets increased
c. Total equity increased and total assets decreased
d. Total equity increased and total assets increased
e. None of the above

68. Refer to the previous question. By what amount did total equity and total assets change, if at all? (If the account balance
or amount did not change, state your answer as "$0.")

In: Accounting