As specialization increases in an economy, businesses tend to experience: a.) an increase in self sufficiency due to businesses

Answer:

The three core pillars of sustainability

Explanation:

Sustainability means addressing current needs without compromising future generations' requirements.

The primary pillars of sustainability consist of economic, environmental, and social aspects.

The economic pillar of sustainability pertains to strategies aimed at utilizing economic resources responsibly.

The environmental pillar focuses on using practices that minimize the negative impacts of services on the environment.

The social pillar emphasizes the need for training initiatives to meet individuals' needs according to collective goals.

Response:

Income statement

sales 78000

costs  (25000 )

insurance  (7000 )

depreciation  (9000 )

EBIT          37000

TAX                  (11000)

net profit  26000

EPS                    3.25

STATEMENT OF STOCKHOLDER'S EQUITY

  Common stock  retained earnings  additional paid-in capital  

opening balance  8000                   9000                57000  

net profit                     26000    

closing balance  8000                    35000                  57000

BALANCE SHEET  

assets    

non current assets   154000

machinery           77000

accumulated depreciation  (20000)

book value   57000

current assets   36000

prepaid insurance   3000

cash                   18000

accounts receivable  15000

total assets            190000

Equity and liabilities    

stockholder's equity  100000

common stock   8000

retained earnings   35000

paid-in capital           57000

Liabilities           90000

current liabilities   90000

Accounts payable   11000

wages payable   4000

income tax payable  75000   balancing figure

Clarification:

missing data;

Additional information yet to be recorded as of December 31 includes:

Insurance that expired in the current year, $7.

Wages owed, $4.

Depreciation expense incurred this year, $9.

Income tax expense for the year, $11.

Requirements:

1. Based on the adjusted figures, create an income statement for the current year. (Round "Earnings per share" to two decimal points. Submit answers in thousands.)

2. Based on the adjusted figures, compile a statement of stockholders’ equity for the current year. (Negative amounts should be noted with a minus sign. Provide answers in thousands.)

3. Based on the adjusted figures, construct a balance sheet for the current year. (Negative amounts should be noted with a minus sign. Provide answers in thousands.)

Answer:

c and m

Explanation:

Considering the provided information,

Consumption function: C = CC + cY

Investment function: I = mr

where,

Y indicates total income

r represents the interest rate

The equation describing the IS curve can be stated as:

Y = C + I

Y = CC + cY + mr

Y - cY = CC + mr

(1 - c)Y = CC + mr

(1 - c)Y - CC = mr

The slope of the IS curve is determined by differentiating 'r' with respect to 'Y',

Thus, the slope is contingent upon the variables c and m.

Answer:

The calculations are presented below:

Explanation:

1.                       FIFO    LIFO Average cost  

Cost of goods sold      

Beginning inventory       $11,200      $11,200  $11,200

(400 units ×  $28)                          

Purchases                       $16,625    $16,625   $16,625

(475 units × 35)                  

Total goods available $27,825    $27,825   $27,825  

Ending inventory             $18,025    $15,575    $16,695

(525 units)  

Cost of goods sold          $9,800    $12,250    $11,130  

Calculated using ending inventory = 475 × $35 + 50 × $28    

FIFO = $18,025  

For LIFO ending inventory: 400 × $28 + 125 × $35

Results in $15,575  

Average cost is found by: $27,825 ÷ $875    

Which equals 31.8      

Ending inventory is calculated as 525 × 31.8

This leads to $16,695

2.                           FIFO            LIFO         Average

Sales

(307 × $50)                $15,350         $15,350    $15,350

Cost of goods sold     $9,800    $12,250    $11,130

Gross Profit                 $5,550           $3,100      $4,220

Expenses                     $1,680           $1,680      $1,680

Net income                  $3,870           $1,420       $2,540

3. FIFO ranks as 3

LIFO ranks as 2

Average ranks as 1