<h2>Answer</h2>
Someone who negotiates on another’s behalf
<h3>
Explanation</h3>
Agency relationship prevails in a situation whereby there is a representation involved and hence there is a risk of any bias or fraud. The selected answer includes a form of representation which therefore sheds light on the prevalence of an agency relationship prevailing. A chance of bias is always included because while bargaining the former may keep some benefit margin for him or herself.
The break-even point is three units if the fixed costs of a new jet ski are $24,000, the sales price is $9,000, and the variable cost per unit is $1,000.
Contribution per unit is $9,000 − $1,000 = $8,000. Then we divide the fixed costs by the contribution per unit: $24,000 ÷ $8,000 = 3 units.
The cost of a company expense that remains constant regardless of whether more or fewer goods and services are produced or sold is fixed costs referred to as a fixed cost. Regular outlays like rent, interest break-even point payments, and insurance are examples of fixed costs that aren't directly connected to production.
In general, fixed costs are indirect since they have nothing to do with how a business produces its products or renders its services. Shutdown points are typically used to cut back on fixed costs. These costs are one of two distinct business costs—the other being variable costs—that break-even point combined make up their overall costs.
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Answer:
Hi the number of years to maturity for this Bond is missing. I have tried to search for the full question online but could not find it. However, I will help you get the technique to solve this problem.
The amount of money you pay for the Bond is its Present Value (PV) normally called Current Price of the Bond.
To calculate this, you should have the other remaining elements of the Bond which are : Coupon rate (PMT) , Period of payments within a year (P/YR), Yield To Maturity (YTM), Par Value (Future Value of Bond).
<u>So </u><u><em>assuming</em></u><u> that the Bond in question matures in </u><em><u>5 years</u></em><u> the calculation will be as follows :</u>
Pmt = (1,000,000 × 2%) ÷ 2 = $10,000
Ytm = 1.85 %
Fv = $1,000,000
P/yr = 2
N = 5 × 2 = 10
Pv = ?
You would pay $1,007,132 for this bond
Based on the following that is included in the cost of land is E. Brokerage commission. In the other side, C) The cost of clearing the land also included in the cost land.
When acquiring land, certain costs are necessary, ordinary and should be assigned to Land. These costs include the cost of the land, legal fees, title fees, zoning fees and also survey costs. Also included are site preparation costs like draining and grading, or the cost to raze an old structure. All of these costs may be considered necessary and ordinary to get the land ready for its intended use. Some costs are land improvements. This asset category includes the cost of parking lots, landscaping, sidewalks, similar expenditures and irrigation systems. Land is considered to have an indefinite life and is not depreciated.
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Answer:
Demon Deacons Corporation
Adjusted Trial Balance:
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 4,320
Supplies 740
Deferred Revenue $ 1,800
Salaries Payable 700
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 47,480
Salaries Expense 32,700
Rent Expense 2,160
Supplies Expense 2,660
$ 66,380 $ 66,380
Explanation:
a) Data and Calculations:
The December 31, 2021, unadjusted trial balance for
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 6,480
Supplies 3,400
Deferred Revenue $ 2,400
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 46,880
Salaries Expense 32,000
$ 65,680 $ 65,680
Adjustments:
DR Rent Expense $2,160 CR Prepaid Rent $2,160
DR Deferred Revenue $600 CR Service Revenue $600
DR Salaries Expense $700 CR Salaries Payable $700
DR Supplies Expense $2,660 CR Supplies $2,660