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love history [14]
1 year ago
5

If a good is normal, then a decrease in price will cause a substitution effect that is?

Business
1 answer:
denis-greek [22]1 year ago
8 0

Explanation:

If a good is normal, then a decrease in price will cause a substitution effect that is The correct answer was: a. positive and an income effect that is positive.

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Which of the following would be considered an assurance engagement?
yarga [219]

Answer: Option (E)

Explanation:

Assurance engagement tends to refer or mean that an engagement, under which an individual or practitioner tends to express a conclusion, that is designed in order to enhance the level or degree of confidence of user or the intended user, apart from the responsible individual about the result or outcome of measurement or evaluation of the subject matter against the stated criteria.

5 0
3 years ago
A local government's basic financial statements would include a statement of cash flows for all________
german

Answer:

A

Explanation:

fund types proprietary

7 0
3 years ago
Yale Corporation issued to Zap Corporation $48,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year b
tino4ka555 [31]

Answer:

Yale Corporation

Journal Entries:

a. January 1, 2020:

Debit Cash $44,878

Debit Premium on bonds $3,122

Credit 8% Bonds Payable $48,000

To record issuance of the bonds.

b. June 30, 2020:

Debit Interest Expense $2,020

Credit Bond Discounts $100

Credit Cash $1,920

To record the first payment of interest.

Explanation:

a) Data and Calculations:

January 1, 2020:

Face value of bonds = $48,000

Price of bonds =           $44,878

Discounts on bonds =    $3,122

Coupon interest rate = 8%

Interest payment = semiannually on June 30 and December 31

Maturity period = 10 years

Effective interest rate = 9%

June 30, 2020:

Interest Expense      $2,020 ($44,878 * 4.5%)

Cash payment             1,920 ($48,000 * 4%)

Discount amortization $100

Value of Bonds =   $44,978 ($44,878 + $100)

December 31, 2020:

Interest Expense      $2,024 ($44,978 * 4.5%)

Cash payment             1,920 ($48,000 * 4%)

Discount amortization $104

Value of Bonds =   $45,082 ($44,978 + $104)

N (# of periods)  20

I/Y (Interest per year)  9

PMT (Periodic Payment)  1920

FV (Future Value)  48000

Results

PV = $44,878.10

Sum of all periodic payments $38,400.00

Total Interest $41,521.90

4 0
3 years ago
Short term goal can be defined as:
Serjik [45]
A short term goal is a a goal that can be accomplished right away
5 0
3 years ago
Read 2 more answers
When sellers are willing to accept money in exchange for goods and​ services, money is acting as a?
lora16 [44]
Money is functioning as a medium of exchange. Money makes transactions easier, instead of having to barter for items, you can complete transactions through the usage of money. 
Money serves three primary functions unit of account, store of value and most important medium of exchange. 

4 0
3 years ago
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