1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denis23 [38]
3 years ago
14

C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the

arrangement, CSM agreed on February 28, 2018, to advance Jeff $55,000 on a one-year, 7 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31. Prepare the journal entry that CSM will make when the note is established.

Business
1 answer:
KIM [24]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

You might be interested in
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed
Firlakuza [10]

Answer:

Option (d) is correct.

Explanation:

Total Segment Margin = Net Operating Income + common fixed expenses

                                       = $ 25,000 + $ 37,000

                                       = $ 62,000

Total Segment Margin = Segment Margin of Q + Segment Margin of P

$ 62,000 = $ 21,000 + Segment Margin of P

or Segment Margin of P = $ 62,000 - $ 21,000

                                         = $ 41,000

4 0
3 years ago
Suppose the dollar appreciates relative to foreign currencies. If U.S. firms have domestic content below 100%, the harm to domes
inn [45]

Answer:

The correct answer is: If U.S. firms have domestic content below 100%, the harm to domestic firms is less than the harm if U.S. producers had domestic content of 100%.

Explanation:

This strength of the dollar, which is reflected in exchange rates, has negative and positive implications at the same time for any economy.

What benefits one sector damages the purchasing power of another.

If it is good for those who receive remittances, it is bad for those who want to travel or do business abroad.

Businesses and governments also have to deal with a phenomenon that affects all aspects of the economy.

Importing oil or gas, repaying debt or contracting services abroad can cost more or less depending on exchange rates.

In general terms, that a currency depreciates against the dollar if it has a very intensive international trade with the United States, as is the case in Mexico, causes its economy to be more competitive and drives growth.

This is because American consumers can compare cheaper products made in Mexico.

So in terms of growth, this is a positive effect of the depreciation of a currency and the strength of the dollar.

The increases in interest rates made by the Federal Reserve, the body in charge of dictating the course of monetary policy in the United States, have led to a progressive general strengthening of the dollar against all currencies.

When the US central bank cuts interest rates, it encourages banks to lend more and put more money in the hands of citizens and businesses. And the opposite happens when, as now, the rates rise. Banks lend less and the dollar appreciates.

5 0
3 years ago
Suppose a country has a money demand function ( M/P )^d = kY , where k is a constant parameter. The money supply grows by 12 per
mote1985 [20]

Answer:

Part A)

Inflation Rate = 12% - 4%

Inflation rate = 8%

Part B)

If the genuine income was higher, the expansion level would diminish subject to the buyer's spending limitations. As such, they will make a similar measure of cash yet their buying power per dollar will increase.  

Part C)

in the current scenario, increment in cash would cause the expansion rate to increment. On the off chance that we consider the past and occasions, for example, hyperinflation, take a gander at what the reason was. Governments were printing cash to pay obligations, which was diminishing the estimation of their money. Right now, would get paid and race to the store to go through their cash in light of the fact that their dollars today may just be worth 50 pennies tomorrow or at times, the following hour. Thus, our answer is if the speed of cash continues developing, expansion will continue developing also. These two factors are star repetitive with one another significance they move together.

5 0
3 years ago
A coal mine cost $ 1 comma 001 comma 000and is estimated to hold 57 comma 000tons of coal. There is no residual value. During th
lorasvet [3.4K]

Answer:

Depletion expenses for the first year is $210736.840

Explanation:

Depletion expenses= (Cost of coal mine - residual value) / Total tons of coal * tons extracted

=(1,001,000 - $0) / 57,000 tons * 12,000 tons

=$210736.8421

=$210736.840

6 0
3 years ago
A standard "money demand" function used by macroeconomists has the form ln( ) = + ln( ) + m β , 0 β1 GDP β2R Where m is the quan
kvasek [131]

Answer:

1.The money demand will rise by 1.154%

2. The money demanded will fall and for a 1% increase in interest , the money demanded will fall by 0.38%

Explanation:

1. Money demand function

ln(m) = β0 +β1 ln(GDP)+β2R

Suppose β1 = 1.5 , β2 = −0.04 , GDP = $ 100 & R = 3%

ln(m) = 1.5 ln ($100) - 0.04 X 0.03

ln(m) = 6.91

m = 1002.247

Suppose the GDP increases by 1%; the new GDP will be = $ 101  

ln(m) = 1.5 ln ($101) - 0.04 X 0.03

ln(m) = 6.92

m = 1013.81

If the GDP increases by 1% ,the money demand will rise by 1.154%

2.

If the interest rate increases from 3% to 4%

ln(m) = 1.5 ln ($100) - 0.04 X 0.04  

ln(m) = 6.906155

m = $ 998.400

If the interest rate rises from 3% to 4% , the money demanded will fall and for a 1% increase in interest , the money demanded will fall by 0.38%

3 0
3 years ago
Other questions:
  • A normal good is defined as one:
    15·1 answer
  • 1. What common business mistake can cost you everything?
    13·2 answers
  • What are implicit​ costs? an implicit cost is
    6·1 answer
  • An Investment Adviser Representative has started a blog on the Internet to promote her services to interested parties. The blog
    9·1 answer
  • Susan switches from going to Speedy Lube for an oil change to changing the oil in her car herself. Which of the following is cor
    12·1 answer
  • Checking a credit report is a good way to
    14·2 answers
  • Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be
    11·1 answer
  • Traditions Home Accessories Company manufactures decorative lamps using an activity-based costing system to allocate all manufac
    5·1 answer
  • A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transact
    6·1 answer
  • If firms are producing at a profit-maximizing level of output where the price is less than the average total cost:_________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!