First, let's find the amount that they owe. 540,000-180,000=360,000 They sold 9,000 units, so together they must be worth 360,000 dollars. Divide 360,000/9,000 and you find that each unit is 40 dollars. Please mark Brainliest!!!
Factors that influence the supply of the product:
1)Price
2)Technology
Price is a direct relationship between the price of the product and its supply. There is a variation between the two if one way or another will increase in the present or in the future. If the fall of the price in the future there is an increase of supply in the market.
Technology is one of the determinant of supply. A better and innovative advanced technology would increase the production of the product. Example: communication gadget which is more high technology, effective and convenient. There is a greater extent of the increase of supply gadgets in the market.
Answer:
b. $400,000
Explanation:
According to the historical cost principle, the land or fixed assets should be reported in the financial statement with the purchase price or historical price.
In the given situation, the land receiving value is $400,000 and its fair market value or FMV is $500,000 and exchange value is $300,000
So, here the land should be recorded at $400,000. Hence, we ignored the fair market value and the exchanged value
Answer:
Dr. Cash $3,549,590
Cr. Premium on Account Receivable $649,590
Cr. Bond Payable Account $2,900,000
Explanation:
The difference between the face value of the bond and the sale value of the bond is known as premium or the discount on the bond. If the face value is higher from the sale value the bond is issued on the discount and if the sale value of the bond is higher than the face value the bond is issued on the premium.
Premium on the Bond = Face value - Sale value = $3,549,590 - $2,900,000 = $649,590
The Premium will be amortized during the life of the bond to maturity and deducted from the interest expense.