Which of the following competitive forces brings low prices, high costs, and low profits?

On January 1, 2019, Ola Company paid $388,900 for a $400,000 face value 3% corporate bond yielding 4%, interest paid annually on

shutvik [7]

Answer:

B. $15,556

Explanation:

As given in the question

Face value of bond = $400,000

Carrying value of bond = $388,900

Discount from par value = $11,100

Coupon rate = 3%

Bond yielding rate = 4%

Interest revenue for the year = Carrying value of bond x Bond yielding rate

Interest revenue for the year = 388,900 x 4%

Interest revenue for the year = $15,556

The correct option is B. $15,556.

8 0

3 years ago

In an effort to raise more tax revenue from the upper class, the government decides to impose a new tax on luxury goods like yac

statuscvo [17]

Answer:

The correct answer is A. A secondary effect of an increase on yacht tax rates would be the laying off of hundreds of poor and middle-class yacht makers as the wealthy spend their money elsewhere.

Explanation:

The tax increase of a certain product necessarily increases the final price of that product, that is, when the tax rate is raised, the amount of money necessary to buy said good rises.

In turn, according to the law of demand, the higher the price, the lower the quantity demanded of the product. In other words, this tax increase would produce a drop in the demand for yachts.

If demand falls, the income of producers and sellers of the product falls. This is where production is affected, since small and medium producers will have greater difficulties to cope with the drop in sales, often incurring losses that would lead to having to close the business.

3 0

3 years ago

There are several compelling arguments against job discrimination of any kind. utilitarians reject discrimination because

Vanyuwa [196]

<span>Discrimination that is not consciously or deliberately sought, but it brought about by stereotypes or as an unintended outcome.</span>

6 0

3 years ago

When a retail merchandising business sells goods to a customer the amount of the sold merchandise is credited to the merchandise

Ghella [55]

Answer: False

Explanation:

The revenue account for a Retail Merchandising Business is also known as the Sales Account.

When goods are sold they are credited to the Sales Account and it is no different here.

Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.

8 0

3 years ago

Next to the following list of eight characteristics of business organizations, select a brief description of how each characteri

Gemiola [76]

Answer:

1. Owner authority and control - one vote per share, readily transferred

2 Ease of formation - requires government approval

3. Transferability of ownership - readily transferred

4. Ability to raise large amounts of capital - high ability

5. Duration of life - Unlimited

6. Owner liability - limited

7. Legal status - separate legal entity

8. Tax status of income - corporate income is taxed

Explanation:

A corporation is a business type :

1. Ownership of a corporation can be acquired by acquiring shares of the corporation.

2. A corporation requires government approval and a lot of legal requirements before it can be formed.

3. A corporation can raise capital through issuing shares, bonds and borrowing from financial institutions .

4. The liability of shareholders who are the owners are limited to the amount invested.

5. Corporate income is taxed and profit distributed to shareholders are also taxed.

6. A corporation is a separate legal entity.

7. The life of a corporation can be unlimited.

8. One share is equal to one voting right.

I hope my answer helps you

4 0

3 years ago