Answer:
March 1
Dr Notes Receivable $10,900
Cr Service Revenue $10,900
September 1
Dr Cash $11,390
Cr Notes Receivable $ 10,900
Cr Interest Revenue $490
Explanation:
March 1
Dr Notes Receivable $10,900
Cr Service Revenue $10,900
(Provide legal services and accept note)
September 1
Dr Cash $11,390
Cr Notes Receivable $ 10,900
Cr Interest Revenue $490
(Receive cash on note receivable and interest)
(Interest revenue = $10,900 x 9% x 6/12) =490.5
Answer:
$19
Explanation:
Marginal revenue is the change in revenue when production increases by one unit
Marginal revenue = change in total revenue / change in quantity produced
total revenue 1 = $30 x 10 = $300
Total revenue 2 = $29 x 11 = $319
change in total revenue = $319 - $3000 = $19
Change in quantity produced = 11 - 10 = 1
Marginal revenue = $19 / 1 = 19
Answer:
89.44%
Explanation:
As we know that:
Z = (Cash Flow - Mean) / Standard Deviation
Here
Cash flow is the observed value which is the lower limit here and is $11,000
Mean is the average value of the sample and is $16,000
Standard Deviation is $4,000
By putting values, we have:
Z = ($11,000 - $16,000) / $4,000
= -1.25
The Z value lower than -1.25 is 0.1056 or 10.56%
This means that the probability of cash flow lower than $11,000 is 10.56% and the probability of cash flow greater than $11,000 will be
Probability of cash flow = (1- 0.1056) = 0.8944 which is 89.44%
<u>Answer:</u> Speculation.
<u>Explanation:</u>
Carlos tries to make a profit through exchange rates. Carlos is a speculator who tries to make profit through market fluctuations. The strategy is a risky strategy as the speculators based on their knowledge about the market make decisions accordingly.
Carlos is planning to receive the appreciated value of British Pounds so that he receives the same amount as mentioned in the contract but makes profit out of exchange rates and books FX profits in his books of accounts.
Answer:
d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.
Explanation:
Minimum wage is a form of price floor. It is the lowest amount that should be paid to labour for their services rendered. It is usually set by the government or an agency of government.
Minimum wage causes supply of Labour to exceed demand for Labour. Firms would demand less of Labour because of higher cost of Labour. Decreased demand for Labour would increase unemployment.
Minimum wage isn't a price ceiling but a price floor.
Minimum wage increases the income of Labour.
