uppose Firm X decides to decrease the price of Good A by 4%. Calculate the change in the quantity demanded (in units) of Good B, assuming that Firm X currently sells 5000 units of Good B. Change in Qd = if Ed = -2.5 and Ec = 1.5 for Good A, and Sales increased by 12% for Good B

Q: P 67,000 overstated D. P 82,000 overstat

A: Assets - treated as income so added to the net income except for beginning inventory because it will...

Q: 1. It refers to all remuneration for services performed by an employee for his employer under an emp...

A: ANSWER THE CORRECT OPTION IS B) GROSS COMPENSATION GROSS COMPENSATION REFERS TO ALL REMUNERATION FOR...

Q: t the end of November 2016, Caribbean Productions Ltd had 700 units of product BMR400 in store. For ...

A: Contribution margin per unit is the excess of the sales price per unit over variable cost per unit.

Q: If a company depreciates a five-year asset using the straight-line method for books and double decli...

A: The double declining balance depreciation method is form of accelerated depreciation that doubles th...

Q: At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $170,000. It is e...

A: Formula: Straight line method = ( Asset cost - Salvage value ) / Useful life

Q: on-current Liabilities

A: The non current liabilities as,

Q: Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in p...

A: Conversion cost:  This is the cost of converting raw materials into finished goods. These costs incl...

Q: 3. Identify each of the following as either an asset, a liability, or equity: (a) Prepaid Rent, (b) ...

A: The Accounting cycle made to record the transactions of any firm. Firstly, the transactions of finan...

Q: The Ohio Company has the following historical pattern on its credit sales: 70% collected in the mont...

A: The correct answer for the above question is given in the following steps for your reference. 

Q: Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (...

A: The essential concept of partnership taxation is that all profits and losses flow through to the par...

Q: Book Value P60,000 130,000 580,000 200,000 40,000 (250,000) (10,000) (450,000) (300,000) What is the...

A: Fair value of net identifiable assets of XYZ Corporation = Fair value of assets - Fair value of liab...

Q: Lola Inc. must compute EPS for its 2020 reports. The following information is available to the contr...

A: Dilutive EPS refers to if all the securities are exercised, then the quality of earning per share is...

Q: Straight-Line, Declining-Balance, Sum-Of-The-Years'-Digits, and MACRS Methods A machine is purchased...

A: Depreciation Accounting is the method of debiting the cost of an asset and crediting it to a depreci...

Q: Kadita Sales sells cars on the installment basis. Presented below are the data for the past three ye...

A: 2019: cost of sales 1002950 less sales 1543000     collection :1518000  against1543000 . now in 1543...

Q: Selected information from the separate and consolidated income statements of Poster Corporation and ...

A: Answer:-  Definition cost of goods sold:- The carrying value of the products sold during a specific ...

Q: Which of the following funds of a governmental unit recognizes revenues only in the accounting perio...

A: correct option with proper explanation are as follows

Q: Explain why bonds are issued and identify the types of bonds?

A: Bonds are one method for corporations to generate funds. The investor undertakes to contribute the c...

Q: abour cost ur cost abour hours ur hours

A: Predetermined overhead rate as, $359,600 248,000 DLHs. Predetermined overhead rate = $1.45 per DLH.

Q: CHINA Corporation, on January 1, 2021, issued 30,000, 10%, P100 bonds for P2,900,305. Principal paym...

A: As per effective interest method, the amount of interest expense correlates with the carrying value ...

Q: A company is planning to undertake an investment project. The following data have been calculated fo...

A: Step 1  Answer- Static payback period :it is duration that is required by any project to cover the i...

Q: In 2017, Monty Corporation discontinued its retail store operations to focus on its online opportuni...

A: GIVEN   In 2017, Monty Corporation discontinued its retail store operations to focus on its online o...

Q: The “line of best fit” may also be described as: a.the total variable cost line b.the total fixed co...

A: Variable cost- A variable cost is a commercial expense that changes in amount to how much a corporat...

Q: Vincent was receiving rental payments of $3,000 at the beginning of every month from the tenants of ...

A: The capitalization rate: The capitalization rate or cap rate is used to determine the rate of return...

Q: An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prio...

A: GIVEN   An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to da...

Q: How is depreciation treated in the indirect method of estimating project cash flows? O Include the c...

A: Under the indirect method of estimating project cash flows, adjustment of calculating cash flows sta...

Q: Goodie Corporation owns 20,000 shares of JFC Corporation recorded as “Investment in JFC Corporation”...

A: A dividend is the distribution of a part of a company's earnings to a selected group of shareholders...

Q: Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in ...

A: Variance refers to the difference between the estimated data and the actual results obtained by the ...

Q: At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $170,000. It is e...

A: Depreciation is permanent fall or decline in value of tangible fixed asset, attributing to wear and ...

Q: Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per u...

A: Intercept is the total fixed cost and slope of cost function is the variable cost per unit. And the ...

Q: assuming the beginning of the year (20X3) balance |in the Investment in A account is $716,000 comple...

A: Consolidated worksheet is a statement which is prepared as a financial help for creating other finan...

Q: The objectives of an independent audit.  Identify at least 5 ways in which an independent audit may...

A: 1.The objectives of an independent audit a. The main objective on an indepemdent auditor is to obtai...

Q: n employer in Cincinnatti, Ohio employs two individuals, whose taxable earnings to date (prior to th...

A: calculation of SUTA and FUTA tax are as follows

Q: QUESTION 4 On Jan. 1, 2017, Acme Industries put into service a milling machine that had a capitalize...

A: Introduction:- Depreciation is a term used in accounting to describe a method of distributing the co...

Q: Chapman Manufacturing Company uses the weighted average method for process costing. Chapman produces...

A: The product cost report covers manufacturing and cost activities for an accounting period within a d...

Q: Pomelo Company's ROE last year was only 3%; but its management has developed a new operating plan th...

A: Net Income = (EBIT - Interest) x (1 - Tax Rate) Total Assets = Sales / Total Assets Turnover Ratio D...

Q: The bank columns in the cash book for June 20X2 and the bank statement for that month for  Halk Hoga...

A: A bank reconciliation report is a statement of banking and business transactions that reconciles a c...

Q: Bourne Guitars, a corporation, reported a $157,000 net §1231 gain for year 6.   b. Assuming Bourne...

A: Ordinary income will be the net §1231 gain for the year of taxation. The gain will be called ordinar...

Q: Audit committee Audit plan Confirmation Cutoff Inherent risk Misappropriation of assets representati...

A: Here asked about the different aspect in the Audit Process and procedures which are involved with th...

Q: You have a $58,400 15-year loan with an APR of 6.5%? Assuming you are in the 22 percent marginal tax...

A: Considering 15 years loan: Total interest over the life of the loan = $58,400 x 6.5% x 15 years = $5...

Q: Jerome's Fashion Dezigns sells a variety of items of clothing including footwear for men and uses a ...

A: Inventory is the current asset of the company. Inventory can be valued using the FIFO, LIFO, or weig...

Q: Overheads applied are calculated by:

A: Applied overheads are an indirect cost that is directly related to the manufacturing of products but...

Q: The real property tax of Ms. Ere would be?

A: As per our protocol we provide solution to the one question only but as you have asked two multiple ...

Q: 1. an industrial equipment company assumes that their crane model adds $10,000 in lifetime reliabi...

A: Let us assume that company  crane model price is  $82,000.(we take price of equivalent competitor mo...

Q: A company using perpetual FIFO has the following data for August: Beginning inventory: 150 units pur...

A: Cost of goods sold for 80 units = 80 units x $11 = $880   Sales = 80 units x $25 = $2,000

Q: In our opinion, except for the effects of capitalizing lease obligations, as discussed in the follow...

A:

Q: assets of XYZ Company and also incurred 12,000 direct acquisition costs. The recorded assets and lia...

A:

Q: A company reports the following amounts: Assets = $6,400; Liabilities = $4,000; Stockholders' equity...

A: Net income (NI), also known as net profits, is computed by subtracting sales from cost of goods sold...

Q: Allerton Company acquires all of Deluxe Company’s assets and liabilities for cash on January 1, 2021...

A: The question says to record the Acquisition of Deluxe company . There are two situations :- Cash ex...

Q: The following are the comparative financial statements for three years for Plastic Works Limited. Yo...

A: Comparative financial statements comprise of financial statements of various organisations at once f...

Q: Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made th...

A: Organizational expenditures are those that are directly related to the formation of the company. Cap...

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.