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3 years ago

Select the correct answer.

Business

2 answers:

Gre4nikov [31]3 years ago

4 0

Answer:

Prices increase, C

Explanation:

Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.

Hope this helps

taurus [48]3 years ago

3 0

Answer:

Explanation:

if inflation of SUPPLIES then price will decrease.

If inflation of MONEY then yea the price would rise.

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Blue Spruce Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busi

dlinn [17]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $26,100

To Common stock $26,100

(Being Cash in exchange of common stock is recorded)

2. No Journal Entry is required

3. Office rent expenses Dr, $1,305

To cash $1,305

(Being is office rent is recorded)

4. Accounts receivable Dr, $1,885

To Accounts payable $1,885

(Being architectural supplies is recorded)

5. Accounts receivable Dr, $2,755

To Service revenue $2,755

(Being service revenue is recorded)

6. Cash Dr, $1,015

To Unearned revenue $1,015

(Being cash is recorded)

7. Cash Dr, $4,060

To Service revenue $4,060

(Being cash is recorded)

8. Salary expenses Dr, $2,176

To Cash $2,176

(Being salary expenses is recorded)

9.Accounts payable Dr, $435

To Cash $435

(Being accounts payable is recorded)

3 0

2 years ago

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 20

Zarrin [17]

Answer:

$1,247.12

Explanation:

For computing the asked price we need to apply the present value formula i.e to be shown in the attachment below

Given that,

Future value = $1,000

Rate of interest = 4.151% ÷ 2 = 2.076%

NPER = 17 years × 2 = 34 years

The 20 years come from May 2019 to May 2036

PMT = $1,000 × 6.193% ÷ 2 = $30.965

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value or the ask price is $1,247.12

8 0

3 years ago

On December 1, 2020, Bramble Corporation incurs a 15-year $1300000 mortgage liability in conjunction with the acquisition of an

weeeeeb [17]

The portion of the second monthly payment made on January 31, 2021, which represents repayment of principal is $15600.

<h3>Mortgage liability </h3>

Mortgage liability limits the liability of potential third parties who were not involved when the mortgage was arranged. For example, if a mortgage is in arrears, the debtor has to pay the outstanding principal and interest, plus late payment and other charges.

<h3>What is mortgage asset or liabilities?</h3>

A current liability for

1) the principal payments that will be coming due within one year after the balance sheet date, and

2) any accrued interest that is owed as of the balance sheet date.

To learn more about current liability visit the link

brainly.com/question/14287268

#SPJ4

6 0

1 year ago

eBook Problem Walk-Through Byron Books Inc. recently reported $12 million of net income. Its EBIT was $28.6 million, and its tax

snow_lady [41]

Answer:

Earnings Before Tax (EBT) = $16,000,000

Interest expense = $12,600,000

Explanation:

Earnings Before Tax (EBT) = Net Income / (1 - Tax Rate)

Earnings Before Tax (EBT) = $12,000,000 / ( 1 - 0.25)

Earnings Before Tax (EBT) = $12,000,000 / 0.75

Earnings Before Tax (EBT) = $16,000,000

Interest expense = Earnings Before Interest and taxes (EBIT) - Earnings Before taxes (EBT)

Interest expense = $28,600,000 - $16,000,000

Interest expense = $12,600,000

Income Statement

Details Amount

EBIT $28,600,000

Less: Interest expenses <u>$12,600,000</u>

EBT $16,000,000

Tax at 25% <u>$4,000,000</u>

Net Income $12,000,000

4 0

2 years ago

Select the correct statement regarding the contribution margin ratio. Multiple Choice The contribution margin ratio equals contr

Art [367]

Answer:

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

Explanation:

Contribution margin ratio = $\frac{Contribution\:per\:unit}{Selling\:price\:per\:unit}$

This can even be done by $\frac{Total\:Contribution\:}{Total\:Sales}$

This will calculate contribution as a percentage of Sales, with this margin ratio we get break even sales value, and not the units.

Whenever there is an increase in variable cost it decreases the contribution.

Therefore, correct statement is

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

8 0

3 years ago