The difference between the price charged for a product and the cost to manufacture it is referred to as the?

The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

Reil [10]

Answer:

20Y3

Nov. 21 :

Debit Notes receivable $66,000

Credit Accounts receivable $66,000

(To recognize notes receivable iro past due account)

Dec. 31:

Debit Interest revenue $161.33

Credit Interest receivable $161.33

(To record accrued interest on notes receivable)

Jan. 20:

Debit Cash $66,880

Credit Notes receivable $66,000

Credit Interest receivable $880

(To record payment of note and interest on Nov. 21 notes)

Explanation:

Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $66,000 x 8%/12 x 2 months = $880.

Total interest expense to the Company as at December 31 is therefore $880 / 60 days x 11 days = $161.33.

8 0

2 years ago

The large, heterogeneous market from which specific submarkets (market segments) are drawn is called the aggregate market.

Marysya12 [62]

Answer:

False

Explanation:

The large heterogeneous market is a market structure where diverse commodities and services are available to the customers. Overall, large heterogeneous markets are known as 'Mass markets' or ' Total product market'. This market satisfies customer needs due to mass production of distinctive goods. In the large heterogeneous market, customers have different perspectives, wants, choices and nature etc.

8 0

3 years ago

Mad Hatter Publishing specializes in genre fiction for young adults. A popular mystery author has just completed the final book

podryga [215]

A publishing house, Mad Hatter, specializes in genre fiction for young adults. A popular mystery trilogy have just been finished by its renowned author. With this, the production of the publishing house which is currently at point R will be be shifted towards point T or V because of the additional copies that they are to published.

7 0

3 years ago

10) You are faced with the following alternative choices on a Friday night: Choice A: Go to a concert, which costs $30. Choice B

pickupchik [31]

D) Missing your friend's party plus not studying economics at the library.

4 0

3 years ago

Assume you sell short 100 shares of common stock at $45 per share, with initial margin at 50%. What would be your rate of return

zavuch27 [327]

Answer:

Rate of return=0.222=22.2%

Explanation:

Price at which shares are sold=$45 per share

Number of shares=100 shares

Initial margin=50%=0.5

Price of share on repurchase=$40 per share

Required:

Rate of return if shares are repurchased=?

Solution:

Rate of return= $\frac{Profit}{Initial\ Investment}$

Profit earned=($45-$40)*100

Profit earned=$500

Initial Investment=(100*45)0.5

Initial Investment=$2,250

Rate of return= $\frac{500}{2250}$

Rate of return=0.222=22.2%

8 0

3 years ago