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just olya [345]

3 years ago

14

Currently you are the only gas stations for40 miles. The average price of gasoline in your state is 3.50 per gallon. How much sh

ould you charge for your gasoline

1 answer:

xeze [42]3 years ago

7 0

5 dollars and 50 cents.

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"A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% (market rate) on January 1, 2007. Interest is paid on June 30 and

Agata [3.3K]

Answer:

Interest expense for the year : 1,530,505.41

Explanation:

In the effective method the interest expense si determinate by multiplying the market rate with the carrying value.

Then, the difference against the cash outlay and this interest expense will amortize the bond discount:

Period B Carrying Cash outlay Int. Exp. Amort Carrying Value

1 19,604,145 800000 764561.66 35438.34 19,639,583

2 19,639,583 800000 765943.75 34056.25 19,673,640

<em><u>Total interest expense:</u></em>

764,561.66 + 765,943.75 = 1,530,505.41

Then 800,000 - 764,561.66 = 35,438.34 amortization

new carrying value 19,604,145 + 35,438.34 = 19,639,583

Last: 19,638,583 x 0.078/2 = 765943.75

We add up the interst expense:

<em><u>Total interest expense:</u></em>

764,561.66 + 765,943.75 = 1,530,505.41

4 0

3 years ago

A perfectly competitive market is in long run equilibrium. At present there are 100 identical firms each producing 5,000 units

Tema [17]

Answer: B. In the short run, the typical firm increases its output and makes an above normal profit.

Explanation:

I have attached a graph to explain.

Originally the Perfectly Competitive Market is in a long run Equilibrium.

This means that at 5000 units the $20 selling price was as a result of Marginal Revenue being equal to Marginal Cost.

Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.

This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.

This higher level will thus lead to a higher output than 5000 units at point Q as the firm will increase output.

Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.

Do react or comment if you need any clarification.

7 0

3 years ago

On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00

Reika [66]

Answer: $69,959

Explanation:

The amount of interest expense, that Corso will record on December 31, 2019, the company’s fiscal year end will be calculated thus:

First, we calculate the present value of payment which will be made on September 30,2020 and this will be:

= $1000000 × 0.857339

= $857339

Then, the interest expense on December 31,2018 will be:

= $857339 × 8%/12 × 3

= $17147

Therefore, the Interest expense on December 31,2019 will be:

= ($857339 + $17147) × 8%

= $874486 × 0.08

= $69959

3 0

3 years ago

How did the university of florida help address the problem of global warming? how did the university of florida help address the

Ipatiy [6.2K]

Answer:

the athletic program reduced local energy consumption and planted trees.

Explanation:

When you reduce your energy consumption, the generation of greenhouse gases will decrease. Even though a house uses electricity and not wood or coal, many times coal or other fossil fuels are used to produce electricity. By lowering its consumption, less electricity will be produced and less coal and other fossil fuels will be burnt.

By planting more trees, the total amount of carbon dioxide absorbed by them will increase. Trees convert carbon dioxide into oxygen which also helps to clean the air.

3 0

4 years ago

Krumbly Companyuses the FIFO methodin its process costing system. At the beginning of the month, Department D's work in process

viktelen [127]

Answer:

C) $13,200

Explanation:

Cost from beginning inventory...................................$ 3,600

Cost to finish beginning inventory: (1 − 40%) = 60% × 2,000

= 1,200 EU × $8 cost per EU......................................... 9,600

Total cost of units from beginning inventory..........$13,200

If all 2,000 units are fully complete by the end of the month, their total costby that time will be .$13,200 .

4 0

3 years ago