I believe the answer is A
Answer:
The following balances have been worked out from the information given in question;
Explanation:
No. of Common stocks issued $200,000/22 9,091
Paid in capital-Common Stocks 9,091*(22-1) $90,909
No. of Treasury Stock 3,000
Treasury stock 3,000*20 $60,000
EPS =$147,750/(9,091 -3,000) $24
Retained Earnings ($155,000+$147,750-$49,250) $253,500
The cost of goods sold based on the sales revenue in 2019 is $32,400
What is the cost of goods sold?
The cost of goods sold is the cost of the goods sold in a particular year, it is determine as the sales revenue minus the gross margin in dollar terms.
We need to first of all determine the sales revenue in 2019 based on 2018 sales revenue and the 2019 growth rate of 8%
2019 sales revenue=50,000*(1+8%)
2019 sales revenue=$54,000
Now the gross margin is 40% of sales revenue
cost of goods sold=sales revenue-gross margin
cost of goods sold=$54,000-(40%*$54,000)
cost of goods sold=$32,400
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Answer:
A) Information asymmetry.
Explanation:
An information asymmetry can be defined as a situation where there is an imbalance of information between two parties in their knowledge of important points, factors and details. Thus, because one party has more information or knowledge than the other, this usually results in an inefficient outcome and or failure.
The theory of information asymmetry was developed and introduced by three (3) notable Nobel prize winning economists, namely; Michael Spence, George Akerlof and Joseph Stiglitz.
In this scenario, Matthew a divisional manager at Venus Inc. reports to the CEO of the company. Matthew has more employees working for him than required and he has not told the CEO about this, even though there are other departments that are in need of more employees.
<em>Hence, the concept illustrated here is an information asymmetry.</em>
Answer:
65%
Explanation:
Calculation to determine its predetermined overhead rate for the next period should be:
Using this formula
OH rate = Estimated overhead next period/direct labor
Let plug in the formula
OH rate = $65,000/$100,000
OH rate = 65%
Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%
