Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp.

BALANCE SHEET AT END OF YEAR (Figures in $ millions)
Liabilities and Shareholders’
Assets 2018 2019 Equity 2018 2019
Current assets 310 420 Current liabilities 210 240
Net fixed assets 1,200 1,420 Long-term debt 830 920

Required:
a&b. What was shareholders' equity at the end of 2018 and 2019?
c. If Newble paid dividends of $145 million in 2019 and made no stock issues, what must have been net income during the year?
d. If Newble purchased $345 million in fixed assets during 2019, what must have been the depreciation charge on the income statement?
e. What was the change in net working capital between 2018 and 2019?
f. If Newble issued $218 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.)

Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

When a shortage or a surplus arises in the loanable funds market a. the supply of loanable funds changes to return the economy to its original real interest rate b. the nominal interest rate is pulled to the new equilibrium level c. the demand for loanable funds changes to return the economy to its original real interest rate d. the real interest rate is pulled to the new equilibrium level