Answer:
Cobras Incorporated
Trial Balance as at March 31.
                                              Debit          Credit
Supplies                                 $1,100
Buildings                             $41,000
Cash                                      $2,100
Accounts Receivable          $2,800
Prepaid Insurance                 $1,100
Salaries Payable                                        $300
Accounts Payable                                   $1,500
Common Stock                                      $21,000
Retained Earnings                                 $14,500
Service Revenue                                    $18,100
Utilities Expense                 $2,300
Salaries Expense                $5,000
Totals                                 $55,000     $55,000
Explanation:
A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.
 
        
             
        
        
        
Answer:
a. Journal entry to record the issue of notes
Date           Account Title & Explanation   Debit $        Credit $
Jan 1          Cash                                           350,000
                  Notes Payable                                                350,000
                   (To record the issue of notes payable)
b. Calculation of Interest Expenses
                       Particulars                           Amount $
Beginning balance of loan payment         350,000
Annual interest rate                                          4%
Interest expenses                                         14,000
Hence the interest expenses = $14,000
Principal amount is calculated as the difference between the annual payment and the interest expenses as seen below
                    Particulars                           Amount $
Annual payment                                      96,590
Less: Interest expenses                          14,000
Principal Payment                                  82,590
Hence, the principal payment =$82,590
 
        
             
        
        
        
Answer:
1. $ 750
2.  - $ 50
3.   $ 600
4.  $ 600
Explanation:
1. Using the data  GDP = C+I+G+ (X-M)
GDP=  $500 +$100 + $ 200 + ($50-$100)
GDP= $ 800 + (-50)
GDP = $ 750
2. NET EXPORTS = EXPORTS - IMPORTS= $ 50- $ 100= -$50
3. PCE=  Consumption+ Private Domestic Investment= $ 500 + $ 100= $ 600
4. GDP 2017= $ 750 *80%=  $ 600
 
        
             
        
        
        
Answer:
$64.76
Explanation:
The current share price can be determined by calculating the present value of the dividend
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow from year 1 to 13 = 9.45
I = 10.7
PV = 64.76
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  
3. Press compute  
 
        
             
        
        
        
Answer:
D. estimate price elasticity of demand by experimenting with different prices.
Explanation:
Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.
When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.