In the cell phone mini case, mobile power's money-back guarantee and warrantee are a form of _______

The Michael Miller Corporation has a sales budget for next month of $200,000. Cost of goods sold is expected to be $125,000. All

frutty [35]

Answer:

the inventory to be purchased next month is $123,000

Explanation:

The computation of the inventory to be purchased next month is shown below:

= Cost of goods sold + closing inventory - opening inventory

= $125,000 + $6,000 - $8,000

= $123,000

hence, the inventory to be purchased next month is $123,000

We simply applied the above formula so that the purchase value of the inventory could come

3 0

3 years ago

If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the model of multiple depos

const2013 [10]

Answer:

d. 0.2

Explanation:

D = 500

R = 100

D*rr = R

500*rr = 100

rr = 100/500

= 0.2

Therefore, The required reserve ratio is a 0.2

6 0

3 years ago

Which of the following statements correctly describes the effects of price controls? A. They cause demand disruptions and could

velikii [3]

Answer:

Option a and b

Option C

Explanation:

A . In simple words, price control refers to the limits on the rates that can be paid for good and services produced in a marketplace that are set up and imposed by central govt.

The purpose behind these restrictions may derive from the need to preserve the availability of products even through skills shortages, and to further delay inflation, or, instead, to help ensure a guaranteed minimum income as well for manufacturers of such products or to seek to obtain a decent living wage.

B. In simple words, due to printing of new currency the supply of money ion the market would increase which will lead to inflation in the economy which will further lead to loss in value of the existing money in hand on the individuals.

3 0

3 years ago

Albert jones went to his local department store to purchase a pair of levi's. he thought that the style of levi that he wanted w

geniusboy [140]

The behavior of Albert is consistent with the law of demand.

The basic law of demand says that the higher the price of a commodity, the lower the quantity demanded; and the lower the price of a commodity, the higher the quantity demanded.

Albert went to his local store, hoping to buy a pair of Levi's for $30, however, when he got there, the price was lower at $18, he then decided to buy more than one because the price was lower. This is the law of demand taking place.

6 0

3 years ago

Skysong Inc. issued $4,490,000 par value, 7% convertible bonds at 98 for cash. If the bonds had not included the conversion feat

Ainat [17]

Answer:

Cash 4,400,200 debit

Discount on BP 89,800 debit

Bonds Payable 4,490,000 credit

Explanation:

The company should represent reality which is what actually occur:

the company issued bonds with a face value of 4,490,000

Then, it receive cash for 98/100 of this ammount:

4,490,000 x 98/100 = 4,400,200

The difference between face value and the proceeds will be a discount when negative and premium when above:

4,400,200 - 4,490,000 = <em>-89,800</em>

as it is negative, this is a discount.

8 0

3 years ago

In the cell phone mini case, mobile power's money-back guarantee and warrantee are a form of ________ pricing