Answer:
B. her reservation price was at least $400.
Explanation:
Reservation price: It shows a limit on a price of purchase and selling of products and service rendering.
In the demand side, this price represents the higher price that the buyer is willing to pay to purchase the goods whereas, on the supply side, this price represents the lower price that the seller is willing to sell the goods.
In this question, the Shelly purchase a leather purse for $400 which means the minimum price would be $400
So, all other options except B are incorrect as option B is the most appropriate.
Answer: $15,614.68
Explanation:
Sales are projected to grow by 4.8% the next year.
= 387,000 * ( 1 + 4.8%)
= $405,576
The Projected addition to Retained Earnings = Expected Sales * Profit Margin * Retention ratio ( amount that is not paid as Dividend)
= 405,576 * 0.055 * ( 1 - 0.3)
= $15,614.68
Answer and Explanation:
The journal entry is shown below:
Unearned revenue $4,770
To fees earned $4,770
(Being the adjusting entry is passed)
The calculation is shown below:
= Received amount ÷ total months × calculated months
= $19,080 ÷ 36 months × 9 months
= $4,770
Hence, the above entry should be recorded and the same is to be considered
High
unemployment especially unemployment as the result of layoffs, can be
devastating for individuals and business. All of the following are effects of high unemployment except for " a loose money supply policy<span> "</span>
>A high unemployment rate can impede a country from progressing in all aspects.
>Monetary policy is defined as the management of a nation's money supply by the government or central bank.It happens when the money supply is expanded and is easily accessible to citizens to encourage economic growth.
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Read more: http://www.businessdictionary.com/definition/loose-monetary-policy.html#ixzz48jU6jgpo</span>
Answer:
Since Effie Corporation forfeited their stock subscription, then they will lose their stocks and the money they invested in Narda Corporation.
In this case, Narda was being completely acquired by Effie Corporation and the whole operation went down, then the initial payment must be recorded as additional paid in capital. It should not be included as part of operating income since it wasn't a normal business activity.
