Answer:
Prices increases due to high demand of goods and services
Explanation:
It has always being a common occurrence in business, when there is increase in demand than the available suppliers, seller tends to increase the price of the limited resources.
these is against the law of demand which state that the higher the price the lower the quantity demanded.
But, when sellers or companies notice that people are willing to get an items or services at any cost, the price tend to increase so that there profit will increase.
it is seen that there is an increase in the number of business travelers whom will travel with flights at any cost.
Answer: See explanation
Explanation:
The bank reconciliation as of October 31 from the above information has been attached.
After the calculations, we can see that the reconciled balance was $761.
NB: The error of $9 was gotten as:
= $65 - $56
= $9
Other necessary information can be seen from the attachment.
Answer:
lifetime annuity with period certain settlement option
Explanation:
Based on the specifications that Tom is looking for, he should consider the lifetime annuity with period certain settlement option. This is an annuity that pays a benefit to the annuitant until death, but with a period certain option, the estate's beneficiary will continue to receive annuity payments until the specified timeframe of the period certain expires. Which would meet the requirements that Tom is looking for.
Answer: b. $106,700
Explanation:
The marketing and administrative expense budget is based on budgeted unit sales, which are 5,500 units for June.
The variable marketing and administrative expense is $1.00 per unit. Which is 5,500 units x $1.00 = $5,500.
The budgeted fixed marketing and administrative expense is $101,200.
To get the cash disbursements for marketing and administrative expenses on the June marketing and administrative expense budget should be Variable costs plus fixed costs.
= $5,500 + $101,200
= $106, 700