Explanation:
The adjusting entries are as follows
1. Insurance expense A/c Dr $2,300
To Prepaid insurance A/c $2,300
(Being the insurance expense is recorded)
The computation is shown below:
= $2,300 ÷ 6 months × 6 months
= $2,300
2. Supplies expense A/c Dr $8,950
To Supplies A/c $8,950
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies opening balance + purchase made - supplies on hand
= $7,200 + $3,100 - $1,350
= $8,950
A proper economy, called a planned economy.
Answer:
(a) in the primary market by an investment bank.
<u>Multiple -choice options</u>
(a) in the primary market by an investment bank.
(b) in the primary market by a stock exchange broker.
(c) in the secondary market by a securities dealer.
(d) in the secondary market by a commercial bank.
Explanation:
The securities exchange has both primary markets and secondary markets. The primary market deals with new shares or securities that corporations offer to investors. Once the securities have been issued, they become available for trading at the secondary market.
If a corporation wishes to raise additional funds, it issues new shares to investors. It contracts an investment banker who assists in planning, organizing, and facilitating the entire process. Since the corporation is offering new shares, they are issued in the primary market.
The range can be affected by outliers, so the IQR (interquartile range) is used as a better scope of the range.
Answer:
- The Demand is given by
- The supply curve is by
Consumers will face a price of 33.29 and the equilibrium quantity will be 43.42.
These results illustrate that as a consequence of the tax, the price faced by consumers will be higher, quantity sold be lower, and producers will receive less for their product sale.
Explanation:
- The Demand is given by
- The supply curve is by
In the absence of taxes 
and 
.
An ad-valorem tax 
generates now that
So the new equilibrium is
Replacing in the demand equation we get the equilibrium quantity
