Answer:
The correct answer is C
Explanation:
The insurance policy was purchased on Dec 1 worth $3,600, so on Dec 31, the entry to be recorded is as follows:
Insurance expense A/c............................Dr $300
Prepaid insurance A/c.........................Cr $300
When the asset is charged on to the expense account then the expense account of the insurance is debited against the account of the prepaid insurance.
Working Note:
Amount = Insurance amount / Number of months
= $3,600 / 12
=$300
Answer:
b. yield to maturity
Explanation:
The future cash flows of the bonds are discounted to the present value using the yield to maturity or market related rate of the bond. The required return of the bond represents the coupon payments that the bond is offering.
Hi there
units were transferred to the finished goods inventory during february
5,200+740−440
=5,500...answer
Good luck!
Answer:
The correct answer is option C.
Explanation:
A drought adversely affects the production of crops causing the supply of agricultural products to decline. Because of the decline in supply, the supply curve for agricultural products will shift to the left. This implies that at any given price, a quantity lower than earlier will be supplied.
Good weather, on the other hand, positively affects the production of crops. This causes supply to increase. As a result, the supply curve will shift to the right, implying, an increase in the quantity supplied at each price level.
Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. 1. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.
If demand increases at the same time as supply increases, as is the case in the scenario depicted, the new equilibrium price will be greater than the initial equilibrium price.
We therefore know that an increase in supply decreases equilibrium price and increases quantity, while a rise in supply increases equilibrium price and decreases quantity (and vice versa) (and vice versa).
To learn more on equilibrium price
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