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2 years ago

Give an example of situation in which a surplus of a product lead to decreased prices.

1 answer:

5 0

Example of a situation in which a surplus of a product leads to decreased prices is food staples in America.

An example of a situation in which a shortage leads to increased prices is increasing prices of fuel due to a lack of fossil fuel availability.

<h3 /><h3>What is refers as a surplus of any product?</h3>

Surplus of any product refers to a situation when the availability of goods is in more quantity whereas the demands for the products are sufficient which makes it decrease in the prices of products.

Food staples like frozen foods and vegetables along with eggs are considered a surplus product in America.

The prices of fossil fuels are increasing in the world as they are obtained through fossils that are not available in abundance which creates high demands for daily consumption and results in shortage.

Learn more about the shortage, here:

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Answer:

C Liabilities are understated, and net income is overstated.

Explanation:

To accrue for interest expense, the required entries are;

Debit Interest expense (p/l)

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If this is not posted, liabilities and expenses for the period would be understated. As such, net income would be overstated.

Hence the right answer is C Liabilities are understated, and net income is overstated.

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3 years ago

List the reasons for the near collapse of government finances in france.

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3 years ago

Exercise 7-6 (Algo) Cash discounts; the gross method [LO7-3] Harwell Company manufactures automobile tires. On July 15, 2021, th

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Answer and Explanation:

1. Journal Entries

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4 years ago

McConnell Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, a par value of $1,000, and a cu

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Answer:

6.52%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

As per Given Data

Face value = F = $1,000

Selling price = P = $1,036

Number of periods = n = 16.5 years x 2 = 33 periods

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

As we have the YTM, We need to calculate the Coupon Payment using YTM formula.

6.3% = [ C + ( $1,000 - 1,036 ) / 33 ] / [ ( $1,000 + 1,036 ) / 2 ]

6.3% = [ C - $1.09 ] / $1,018

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3 years ago

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