Answer:
C) Total assets are overstated.
Explanation:
The journal Entry for the Depreciation is as follows:
Dr. Depreciation Expense xxx
Cr. Accumulated Depreciation xxx
By missing this Journal entry the Accumulated depreciation account will be understated as we know that this is a contra asset account and this will net off the Long term assets. So, as a result the total asset will be overstated.
Answer:
C. Geraldo will be able to sell the beach house in North Carolina through attachment jurisdiction, but he must return to Bethenny any funds obtained in excess of amounts owed
Explanation:
Under attachment jurisdiction also called quasi in rem jurisdiction, Geraldo who has suffered damages on contract breach will be compensated for losses or obtain judgement through the sale of the beach house in North Carolina thowever any excess funds on debt owed gotten through the sale of the house must be remitted or returned to the debtor Bethenny
Answer:
- <em>The slope of the demand curve at point A is </em><u><em> </em></u><u>- $0.40/unit</u>
- <em>The slope of the demand curve at point B is </em><u>- $0.14/unit</u>
Explanation:
See the file attached with the figure corresponding to this question.
<em>The slope of a curve</em> at a given point is the slope of the line tangent to the curve at that point.
<em><u>Point A:</u></em>
The tangent line to the <em>demand curve at point A is</em> drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:
- slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units
- slope = - $10 /25units = - $2/5units = - $0.40/unit.
The minus sign indicates the that price decreases when the quantity increases
<u><em>Point B:</em></u>
<em>The tangent line to the demand curve at point B</em> passes through the points (90, 12) and (140, 5).Then, the slope is:
- slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units
- slope = - $7 /50units = - $7/50units = - $0.14/unit.
Again, the negative sign indicates that when the number of units increase the price decreases.
Answer:
$7,500,000
Explanation:
Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $1,500,000 injection into the money supply results in an overall increase of $7,500,000 in demand deposits
From the stated assumptions in the question,we will use the money multiplier to calculate the eventual effect of the $1,500,000 injection into the money supply.
Money multiplier can be calculated using this formula 1/r (r is the required reserve ratio)
Therefore, the resulting change in demand deposits is as follows:
Change in Demand Deposits = Change in Fresh Reserves ×1/r
= $1,500,000×1/0.20
= $7,500,000
Answer:
B. increase the supply of its doll now before the other doll hits the market
Explanation:
Funsters Inc. should increase supply of it´s popular doll now before the doll of Toysorama company hit the market at low price. This will give first mover advantage to Funsters Inc., Which will help the company to grab market share and gain revenue from the market before other company launches its doll. Competition in the market can be handled by taking first step.
