The price of designer jeans would likely increase if its demand increases and there is no changes in supply.
Answer:
61,198.47
Explanation:
First we solve for the present value of the note receivables at January 1st, 2021 As we are asked for the interest revenue on the 2021 incoem statment
Maturity $750,000.00
time 2.00
rate 0.10000
PV 619,834.7107
now, we calcualte the interest considering the 10% implicit interest
619,834.7107 x 0.10 = 61,198.47
This will be the interest revenu for the year 2021
Answer:
Option D would be the correct choice.
Explanation:
- The net capital outflow has been the discrepancy among purchasing foreign assets from a region, as well as selling domestic currency worldwide. Find a basket of products similar across both the United States or even just Taiwan.
- Such net capital outflows allude to something like the disparity between households and businesses acquiring overseas investments versus non-residents acquiring domestic currency.
The other options in question aren't relevant to the particular context. So choice D is perhaps the right one.
Answer:
$60,000
Explanation:
Under accrual basis of accounting,
Revenues are recorded when it's earned, it does not base on when it is collected.
So the Revenues for 2016 should be $250,000 alone.
Similarly, expenses are recorded when it is incurred rather than when it is paid.
So the Expenses for 2016 should only be $190,000
As a result, the <u>Net Income is $60,000</u> ($250,000 - $190,000)
