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3 years ago

A surplus exists in a market if

Business

1 answer:

SCORPION-xisa [38]3 years ago

8 0

Answer:

A surplus exists in a market if the supply happens to be excessive

Explanation:

In a situation where there is surplus, this shows that the quantity supplied is more than the quantity demanded which would allow to incur low sales hence; there would be reduction in price in order to avert such and increase the demand.

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On January 1, 2021, Legion Company sold $260,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December

Galina-37 [17]

Answer:

$12,021

Explanation:

Calculation to determine what Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:

Using this formula

Interest paid =[Bonds amount*(Priced to yield/2)]

Let plug in the formula

Interest paid = $200,356*( 12%/2)

Interest paid=$200,356*6%

Interest paid =$12,021

Therefore Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:$12,021

3 0

2 years ago

A corporation issued $600,000, 10%, 5-year bonds on January 1, 2017 for $648,666, which reflects an effective-interest rate of 7

VashaNatasha [74]

Answer:

correct option is a. $617,911

Explanation:

given data

issued = $600,000

rate = 10 %

time 5 year

amount = $648,666

effective-interest rate = 7%

solution

we get here carrying value so first we get here Interest paid per semiannual period that is

Interest paid per semiannual period = $600000 ×10% × $\frac{6}{12}$

Interest paid per semiannual period = $30000

and

Interest expense on 30 June = $648666 × 7% × $\frac{6}{12}$

Interest expense on 30 June = $22703

and

Interest expense on 30 December = $641369 × 7% × $\frac{6}{12}$

Interest expense on 30 December = $22448

Interest expense on 30 June = ($641369 - $7552) × 7% × $\frac{6}{12}$

Interest expense on 30 June = $22184

and

Interest expense on 30 December = ($633817 - $7816) × 7% × $\frac{6}{12}$

Interest expense on 30 December = $21910

so as that we get Carrying value of 1st January that is

Carrying value of January 1 = $633817 - $7816-8090

Carrying value of January 1 = 617911

so correct option is a. $617,911

7 0

3 years ago

All of the following are appropriate benchmarks for a state or local government to use as a basis for comparing performance exce

r-ruslan [8.4K]

Answer:

Federal agencies' financial information for a comparable time period.

Explanation:

Benchmarking can be regarded as management accounting innovation, which is been utilized in both the private and the public sectors for performance measurement as management. There are alot of success reported by public sector accounting researchers with the use of benchmarking, however there is

charged problems that still exist in implementing as well as using this management technique. The appropriate benchmarks for a state or local government to use as a basis for comparing performance are;

✓Socioeconomic and demographic trends of governments of similar types and size available from U.S. Census Bureau.

✓ A government's own operating results and financial position from prior years.

✓ International City/County Management Association's Financial Trend Monitoring System results for governments of similar types and size.

8 0

3 years ago

the relationship between the strategic planning process and portfolio management in an organization ______

Verizon [17]

Answer:

Explained below:

Explanation:

The Strategic Planning process is a planning process performed by the top-level management, to decide where the organization is willing to reach in the coming day and Portfolio management is the act of building and maintaining an appropriate investment mix for given risk tolerance.

Portfolio management in an organization is closely associated with each other as when the organization requires to do investment, it necessity be done through the Strategic Planning process which is performed by the top-level management to minimize the risk.

3 0

3 years ago

Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 w

VikaD [51]

Answer:

Dr. Cr.

Work in progess 139,000

Salaries and wages payable account 139,000

Explanation:

Direct Labor are charges to work in progress account and a payble is created as a result.

Total Labor cost = $212,000

Indirect cost = $73,000

Direct labor cost = $212,000 - 73,000

Direct labor cost = $139,000

3 0

2 years ago

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A surplus exists in a market if​

A surplus exists in a market if