Answer:
c. $3,443
Explanation:
Date Account Titles Debit Credit
Jan 1 Cash 101370
Bond payable 97000
Premium on issue of bonds 4,370
(101370-97000)
Jul 1 Interest expenses (3680 - 437) 3,443
Premium on issue on bond 437
(4379/5 * 6/12)
Cash (97,000*8%*6/12) 3,800
Answer:
Correct option is (A)
Explanation:
Companies that are price setters or price makers produce unique products as they have an advantage over others. They are price makers as they enjoy monopoly in the market.
Companies producing homogeneous products cannot be price setters as there are many other companies operating in the same market so prices are set by the market forces.
<span>In an economy that relies on barter, there is no item in the economy that is widely accepted in exchange for goods and services. Money is not used in a bartering system. Goods are exchanged for goods, and services are exchanged for services.</span>
Answer:
The correct answer is letter "D": a counteroffer.
Explanation:
A counteroffer is any offer made after an initial offering. It is valid only if both parties in a commercial transaction accept it. Counteroffers imply the initial offering was rejected by one of the parties involved in the transaction, thus, the terms must be reviewed until the parties reach an agreement. Otherwise, the contract would not proceed.
Answer:
Please see below
Explanation:
a. Current ratio
= Total current assets / Total current liabilities
= $262,787 / $293,625
= 0.89
b. Debt to assets ratio
= Total current liabilities / Total assets
= $293,625 / $439,832
= 0.67
c. Free cash flow
= Net cash provided by operating activities - Dividends - Capital expenditure
= $62,300 - $12,000 - $24,787
= $15,685
