Answer:
case 1)
bonds payable 24,000
loss on retirement 5,000
discount on BP 4,500
cash 24,500
case 2)
bonds payable 24,000 debit
premium on BP 1,000 debit
gain on retirement 500 credit
cash 24,500 credit
Explanation:
we are going to write off the bonds payable and their discount account
we also debit the cash account for the amount of cash outlay to retire the bond
the difference between cash and the carrying value will be the loss on retirement when lower
and a gain on retirement when higher.
case 1)
carrying value 19,500
total cash outlay (24,500)
loss on retirement (5,000)
case 2)
carrying value 25,000
total cash outlay (24,500)
gain on retrement 500
Answer:
d. willingness to pay of all buyers in the market.
Explanation:
The demand curve shows the relationship between the price of a good or service and the quantity demanded at a particular time.
Therefore, a demand curve reflects:
a. highest price buyers are willing to pay for each quantity.
b.quantity that each buyer will ultimately purchase.
c. value each buyer in the market places on the good.
With this in mind, what the demand curve does not reflect, with these in mind is a willingness to pay of all buyers in the market.
Answer:
wheat, wheat
Explanation:
In the field of economics, absolute advantage may be defined as the ability of a producer to produce a particular goods or services at large amount or quantity at the same price or the same quantity at a very low price as compared to other producers. It means producing goods efficiently.
Whereas a comparative advantage of a product is defined as the ability of a producer to produce more goods and and consumes less of it at a lower opportunity cost when compared to its competitors.
Thus in the context, Country A has both an absolute advantage as well as comparative advantage in production of wheat.
Answer: 980
Explanation:
The number of units of inventory that the storage area must be able to hold will be calculated as:
Demand = 100 × 300 = 30000
Production rate per day = 500
Setup cost = $200
Annual holding cost = $10
We then use the economic order quantity formula to solve and the answer will be gotten as 1225
The maximum inventory will now be:
= EQQ × (1-d/p)
= 1225 × (1-100/500)
= 1225 × ( 1 - 0.2)
= 1225 × 0.8
= 980
