Answer:
The net income from the income statement is $135,000.
Explanation:
The income statement for the year ended May 31, 20Y6 can be prepared as follows:
Paradise Travel Service
Income Statement
For the Year Ended May 31, 20Y6
<u>Particulars $ $ </u>
Revenue:
Fees earned 900,000
Expenses:
Wages expense (450,000)
Office expense (300,000)
Miscellaneous expense <u> (15,000) </u>
Total expenses <u> (765,000) </u>
Net income <u> 135,000 </u><u> </u>
Therefore, the net income from the income statement is $135,000.
Answer:
The demand for goods depends on the price for those goods, as well as on consumer income and on the prices of other goods. Similarly, supply depends on price, as well as on variables that affect production cost.
Answer:
•Discovery
• Data
• Analyze
• Ethical
Explanation:
• Discovery . Here, there are observations of events or actions which bring about new knowledge that will be further exposed to new hypothesis.
• Data . Raw data(qualitative- non numerical and quantitative -numerical) are collected in this stage and then processed to become information.
• Analyze . This is a stage where the processed data and information are analyzed. It is where the data are cleaned, inspected, transformed and then modeled with the aim of making meaningful insights, drawing conclusion and then support further decision making.
• Ethical. In this stage, researchers check to determine whether their procedures are ethical or not. This is where the data analysed are checked whether they conform with the correct rule of conduct.
Answer:
Market price is unaffected by announcement
Explanation:
This question says that the company has announced intentions to issue $289 million of debt with intentions of buying common stock with proceeds
Price per share has been given as $10. The market price of the stock would not get affected by this announcement.
I have gone ahead to help you calculate the buyback, market value and debt ratio.
Buyback= $280/10 = 28 million shares
Market value = (37-28)*10 + 280 = 370 million
Debt ratio = 280/370 = 76%
