Answer:
The correct answer is option D.
Explanation:
Microbrewery beer is a normal good. Its prices have increased recently in recent years. The prices for fermenting vats used in beer have also risen and the consumer income has fallen.
Since beer is a normal good an increase in its price and decrease in the consumer income will decrease its demand. As a result, the demand curve will move to the left, decreasing the price of the product.
At the same time, the increase in the price of fermenting vats will increase the cost of producing beer. This will cause the supply of beer to decrease.
This will cause the supply curve to shift to the left. If the leftward shift in the supply curve is more than the leftward shift in demand, the price of beer will increase.
Answer:
$182,857.29
Explanation:
Here, Pharoah, Inc. average lease payments have a present value of $2,002,339
First lease payment = $340,000
Interest rate = 11%
To find the interest rate, first deduct the first lease payment.
$2,002,339 - $340,000
= $1,662,339
This is deducted so as to reduce total lease liability.
Find the amount of interest expense:
$1,662,339 × interest rate
= $1,662,339 × 11%
= $182,857.29
In its 2021 income statement, the amount of interest expense Pharoah should report from this lease transaction is $182,857.29
Answer:
It will cause a major problem in case the client adds new deposit to an income account instead of receiving a payment.
Explanation:
Account receivables are the record of the invoices for which the client has not made payment yet. If the client adds a new deposit categorized to an income account instead of receiving a payment against the invoice, the first major problem would be that the Accounts Receivable balance of the client will not be accurate. It will create duplicate expenses as there was an entry made for a new deposit.
The second problem will be as a result of the first one that, the income account will show duplicate income and correct the correct income will not be recorded.
I think the correct answer from the choices listed above is option D. If data indicates the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, then an a<span>nalysis of policy's effectiveness has occurred. The Congress most likely saw that the existing policies were not effective.</span>
Answer and Explanation:
The computation is shown below;
Here we have to determine the impact of not considering the discount
effective cost of not considering discount is
= ((1 + (r ÷ (1 - r))^(365 ÷ (due date - discount period)) - 1
= ((1 + (0.019 ÷ (1 - 0.019)))^(365 ÷ (30-10)))-1
= 39.30%
Since effective cost of not considering discount is more than the interest rate so the simon should entered into the loan agreement
