Answer:
A) $0, no cash paid in 2016, both interest and principal were paid on March 31, 2017.
B) = [($90,000 x 8%) / 12] x 3 months = ($7,200 / 12) x 3 = $600 x 3 = $1,800
C) = $90,000 + $1,800 = $91,800
D) = ($600 x 6 months) + $90,000 = $3,600 + $90,000 = $93,600
E) = $600 x 3 months = $1,800
Answer:
This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.
Explanation:
The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.
The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.
a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention
Answer:
the labor cost went up by 46.8% this year.
Explanation:
Please give me brainly answer.
Answer:
The correct answer is option b.
Explanation:
The sole proprietor of the Milwaukee Machine Company receives all accounting profits earned by her firm.
The accounting profits for the year were $50,000.
She has a standing salary offer of $35,000 a year to work for a large corporation. If she had invested her capital outside her own company, she estimates that would have returned $22,000 this year.
These two are the implicit or opportunity cost of doing business.
The accounting profits considers only explicit cost not implicit cost. To calculate economic profits we need to deduct implicit costs from accounting profits.
Economic profits
= Accounting profits - Implicit costs
= $50,000 - $35,000 - $22,000
= - $7,000
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Uptown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,500,000. If Uptown Athletic reported ending inventory of $500,000 and sales of $2,000,000.
Cost of goods sold= beginning inventory + purchase - ending inventory
COGS= 400,000 + 1,500,000 - 500,000= 1,400,000
Sales= 2,000,000
COGS= 1,400,000
Gross profit= 600,000 30%
