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3 years ago

When quantity demanded increases at every possible price, the demand curve has

1 answer:

3 0

An increase in quantity demanded leads to a shift in the demand curve, instead of a movement along the demand curve. In this case, when it has been done at every price point, this is a shift rightward, whereby all the prices are now higher than they were before.

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Derozan Corp. manufactured equipment at a cost of $366,953 and leased it to B Corp. on January 1, 2019 for an eight-year period

Pachacha [2.7K]

Answer: $‭726,957.6‬0

Explanation:

The debit to Lease Receivable is the present value of the payments to be made by B Corp. for the 8 years.

Payments are made twice a year so period is 16 periods.

Rate = 8% /2

= 4%

Present value = Payments * Present value of an annuity due factor, 16 periods, 4%

= 59,980 * 12.12

= $‭726,957.6‬0

7 0

3 years ago

Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $50,000; accounts payable, $38,000; mer

Bumek [7]

Answer:

Long Print Shop

Balance sheet for the year ended December 31, 2020

Amount in $ Amount in $

Assets

Non-current asset

Equipment 20,000

Current assets

Merchandise inventory 14,000

Cash 50,000

Total current asset 64,000

Total assets 84,000

Liabiities

Accounts payable 38,000

Total liabilities  38,000

Equity

Capital 46,000

Total equity 46,000

Total liabilities and equity 84,000

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

5 0

3 years ago

Visa cards, gas cards and department store cards are all

34kurt

Cards,,,,,,?????????

3 0

3 years ago

Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single p

Margarita [4]

Answer:

$93,600

Explanation:

The computation of the total contribution margin is shown below:

Given that

For 5,100 sales unit, the contribution margin is $91,800

So, for 5,200 sales units, the contribution margin would be

= Contribution margin × new sales units ÷ previous sales units

= $91,800 × 5,200 units ÷ 5,100 units

= $93,600

All other information which is given is not relevant. Hence, ignored it

5 0

3 years ago

C-spec, inc., is attempting to determine whether an existing machine is capable of milling an engine part that has a key specifi

Dennis_Churaev [7]

If C-spec, inc. is attempting to determine whether an existing machine is capable of milling an engine part that has a key specification of 4 ± .003 inches and after a trial run on this machine, C-spec has determined that the machine has a sample mean of 4.001 inches with a standard deviation of .002 inch, then the intersection will be two or 2.

3 0

4 years ago