Answer:If the firm had sharp seasonal sales patterns, or if it grew rapidly during the year, many ratios would most likely be distorted.
Explanation: Fluctuations in Economics patterns have distorting effects on the ratios of a company or an economy especially if the the seasonal patterns has been consistent for a certain period. THE VALIDITY OF MOST RATIOS ARE SEVERELY AFFECTED BY SHARP CHANGES WHICH MAKES ECONOMIC WATCHERS FEEL THE RATIOS ALREADY ANALYSED ARE NOT VALID.
A consistent flow pattern is desired in an economy and in business Organisation as it helps to give Economic watchers enough confidence in the ratios already existing.
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The capital resources different from the other resources of production-- natural and human resources is c<span>apital Resources alone are not really needed for efficient production. The answer is B. </span>
Answer:
The journal entries are as follows:
(a) On January 1, 2021
Cash A/c Dr. $418,022
To Bonds payable $418,022
(To record the issue of bond)
(b) On June 30, 2021
Interest expense A/c [$418,022 × 7%/2] Dr. $14,630.77
To cash $14,630.77
(To record the first two semiannual interest payments)
(c) On December 31, 2021
Interest expense A/c Dr. $14,630.77
To cash $14,630.77
(To record the first two semiannual interest payments)
