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Margaret [11]
3 years ago
5

Which of the following statements about minimum payments is incorrect

Business
1 answer:
zhuklara [117]3 years ago
6 0
Is this the whole question?
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Clabber Company has bonds outstanding with a par value of $123,000 and a carrying value of $111,100. If the company calls these
White raven [17]

Answer:

The gain on retirement = $4,600

Explanation:

The gain or loss on retirement = Carrying Value of the Bonds -  Call price of the Bonds

The gain or loss on retirement = $111,100 -  $106,500

The gain on retirement = $4,600

Note: Par value will not be taken for the calculation of the above

4 0
2 years ago
Suppose that the market for athletic shoes is initially in equilibrium at point A. Further suppose the demand for athletic shoes
elixir [45]

Answer: Correct. When there is an increase in supply and an increase in demand, the new equilibrium quantity increases but whether the equilibrium price increases or decreases is unknown.

Explanation:

When the demand for the shoes increased, it had the effect of shifting the demand curve to the right. At the same time, with six more firms coming into the market, the supply increased as well which had the effect of shifting the supply curve right as well.

The new equilibrium as a result of these movements will see the quantity increase. However, due to the shift of both the supply and the demand curve in the same direction, it is uncertain if the price will change or not.

The general rule is that if the rise in supply is more than rise in demand then the price will decrease. If they rise by the same amount then price will remain the same. It shows therefore that if both supply and demand rise at the same time, the effect on equilibrium price is unknown.

3 0
2 years ago
Suppose annual inflation rates in the u.s. and mexico are expected to be 6% and 80%, respectively, over the next several years.
jeka94
<span>The answer is $.00102</span>
7 0
3 years ago
Which statement is the best description of a price‑taker as it pertains to perfect competition?
Nesterboy [21]

Answer:

The correct answer is letter "A": Mary Beth grows cotton. She finds that she can always sell her entire crop at the market price. However, if she asks a price that is even slightly higher she cannot sell any of her cotton.

Explanation:

Perfect Competition is a market where competition is at the highest degree possible. Perfect competitive markets have the following characteristics:

  1. <em>All companies sell the same goods or services.  </em>
  2. <em>All companies are price takers.  </em>
  3. <em>All firms have relatively small market shares.  </em>
  4. <em>Buyers have full product and price information.  </em>
  5. <em>The industry is characterized by low or no barriers to entry and exit of the industry.</em>

<em />

Thus, <em>in Mary Beth's case, she cannot ask for a different price than the one of the market because in a perfectly competitive market it is controlled by supply and demand. Companies cannot set the price.</em>

8 0
2 years ago
Before taking out a loan, you should ask yourself whether you can meet all of your essential expenses and still afford the month
sineoko [7]

Answer:

Adding up basic monthly expenses and subtracting this total from take-home pay, plus trying to find out ways or figuring out what to give up to make the monthly loan payment.

Explanation:

A loan is simply a borrowed money that must be repaid at a certain point in time.

Before taking out a loan, it is better you ask yourself some questions like the reason for the loan collection, how much am i earning and willing to set aside for the loan repayment and will it be monthly and other questions.

8 0
2 years ago
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