Answer:
January 1, 2021
Dr. Cash $74,752
Cr. Bond Payable $70,000
Cr. Bond Premium $4,752
June 30, 2021
Dr. Interest Expense $1,495
Dr. Premium on Bond $255
Cr. Cash $1,750
Explanation:
The bond is issued on premium when the issuance price of the bond is higher than the face value of the bond. This premium value is recorded and amortized over the the bonds life to maturity.
Premium = Issuance value - Face value = $74,752 - $70,000 = $4,752
Interest Payment = $70,000 x 5% = $3,500
Premium Amortisation = $3,500 - ( $74,752 x 4% ) = $510
Interest Expense = $3,500 - 5510 = $2,990
Answer:
No, since the marginal cost of consuming the ice cream cone is greater than the marginal benefit.
Explanation:
Marginal utility is the benefit that a consumer derives from consuming an extra unit of a product. To maximise satisfaction consumers tend to go for products that will give them high satisfaction at a low cost.
In the given scenario the cost of a unit of ice cream cone is $3.05, and the satisfaction or benefit is $3. The cost is higher than satisfaction gained. A consumer will not buy the ice cream under these conditions. They will rather look for an alternative that will give high satisfaction at low cost.
The answer for the question is true
George is utilizing competitive intelligence. This is a
strategy in which the individual made use of gathering, defining and as well as
analyzing their customers, competitors or products by means of helping improve
his or her own business and to make strategic decisions that would be best for
one’s business or company.
<h2>No. "Household production" does not contribute much to the GDP.</h2>
Explanation:
To arrive at the reason, first we need to understand the term "GDP" and "shortcoming"
Shortcoming means failure to meet certain expectations.
GDP: It is the snapshot of the economy which speaks about the production in certain period.
Since the household production does not come under market transaction and since GDP involves only market transaction, household production cannot be considered and thus it is not a serious reason for shortcoming of GDP.
