Answer:
b. credit to Gain on Sale of Investments for $2,400.
Explanation:
May 1, 20Y6
Purchase price of Bond = $100
Number of Bond Purchased = $100,000 / 100 = 1,000 per bond
February 1, 20Y7
Sale Price of Bond = $103 per Bond
Gain on Sale = $103 - $100 = $3 per bond
Number of Bond Sold = $80,000 / 100 = 800 bonds
Gain on sold bonds = 800 bonds x $3 per bond = $2,400
Journal Entry Will be as follows:
Dr. Cr.
Cash (800 x 103) $82,400
Gain on sale $2,400
Investment in Bond $80,000
Profits are negative in a monopolistically competitive market, the new firms will enter the market until economic profits are zero.
<h3>What is competitive market?</h3>
Competitive market is a market that involves many sellers and producer that are competing with one another.
They compete to provide goods and services
Therefore, profits are negative in a monopolistically competitive market new firms will enter the market until economic profits are zero.
Learn more on competitive market here,
brainly.com/question/25717627
Answer:
Sophie's policy will pay $100000, John's policy will pay $200000 ( A )
Explanation:
John having a pa with liability limits 250/500/50 means that John has a liability limit of $200000 and since John was the driver of the Sophie's vehicle he will pay $200000 due to the driver policy
and Sophie's policy will pay the remaining $100000 as a secondary payment since she was not the driver when the accident happened .
total liability in Bodily injury suffered by one person during the cause of the accident = $300000
a. Incentive to work increase
b. This change increase efficiency but decrease equality
Explanation:
a. Reduction of welfare benefits period increasing employment opportunities. Job prospects are diminished now (profit).
b. This bill reform would reduce the distortion created by the benefit program (disincentive to work) and thus improve efficiency.
At the same time, though, the move will reduce the Program's effect on poverty reduction and indirectly on social inequality.
The reform can therefore represent a balance between productivity and equity.
Answer:
The correct answer is: As the interest in a product goes up, the price goes up.
Explanation:
Increasing interest and thus increasing demand leads to increased demand for a particular good or service. In this respect, as production remains constant, the increased demand for goods or services pressures the supply of this good or service, culminating in its price increase.
