Answer:
Simple interest= $273.7
Explanation:
<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>
<em> Simple interest is calculated as follows:</em>
Simple interest = Principal × Rate × Time
or
Simple interest = Future sum - Principal amount invested
DATA
Future sum- $973.70
Principal amount invested-700
Simple interest = 973.70 - 700=273.7
Simple interest= $273.7
it is false that the United State Constitution is a statement of general principle of the civil law, rather, it is is a statement of general principle of the constitutional law.
Civil law refers to the body of law that entails the rules on settling disputes between individuals, corporations etc.
Constitutional law refers to the body of law which are gotten from common law and Constitution and helps in defining powers of the government as well as guiding the duties or rights of citizens.
Therefore, it is false that the United State Constitution is a statement of general principle of the civil law, rather, it is is a statement of general principle of the constitutional law.
Learn more about this here
<em>brainly.com/question/493036</em>
Answer:
the cost per unit of finished goods under absorption costing is $56
Explanation:
The computation of the cost per unit of finished goods under absorption costing is given below:
Direct materials $23
Direct labor $25
Variable manufacturing overhead $3
Fixed manufacturing overhead ($195.000 ÷ 39,000 units) $5
Total unit cost $56
Hence, the cost per unit of finished goods under absorption costing is $56
Answer:
The seven differences between goods and services are:
- intangibility: goods are tangible products, e.g. you can touch them and hold them, while services are intangible, you can use them (e.g. you fly on a plane) and even measure how much they satisfy your needs, but you cannot touch flying, it is an action.
- ownership: you can buy a good, e.g. if you are rich enough you can buy an airplane, but when you purchase a plane ticket you are entitled to using a certain service, you are assigned a seat and you fly inside the airplane, but you do not own anything besides your personal belongings.
- involvement of consumers: consumers are not an active part in the production process of a good, while consumers are an essential part in the process of producing a service, e.g. you buy a ticket and you fly in the plane, no one else can fly for you.
- quality: mass produced goods tend to have a similar quality while the quality of services can vary a lot, e.g. your plane might be late, or you can get sick while flying, or you might enjoy your flight.
- customer evaluation: when you purchase a good, you can easily decide if the good satisfies your need completely or not, while a flight can be on time (good service) but there might have been a lot of turbulence (bad service).
- inventories are absent: goods can be stocked, services cannot. There are usually empty seats during a flight, but a seat not taken today cannot be added to the total number of seats available tomorrow.
- importance of time: if you purchase a good, it doesn't matter if you decide to use that good immediately or not, while a service is produced and consumed at the same time, e.g. the airline company is providing the flight service during the time that you are actually flying.
Answer:
The correct answer is Option is B.
Explanation:
The par value of shares is simply the stated value of shares in the company's books, as set out in the company's charter.
The full necessary journals to record the above transactions are:
Debit Cash (1,000 x $16) $16,000
Credit Common stock (1,000 x $10) $10,000
Credit Paid-in capital in excess of par value - common $6,000
<em>(To record issuance of common stock)</em>
So, the correct option is B.
