Answer:
Date Account Title Debit Credit
April 30,2019 Held to Maturity investment $12,000
Interest receivable $400
Cash $12,400
<u>Interest receivable:</u>
4 months of accrued interest:
= 12,000 * 4/12 * 10%
= $400
Date Account Title Debit Credit
June 30,2019 Cash $600
Interest receivable $400
Interest revenue $200
<u>Interest revenue</u>
2 months have passed:
= 12,000 * 2/12 * 10%
= $200
The major purpose of test marketing is to provide management with information : Whether to launch the new product.
<h3>What is test marketing?</h3>
Test marketing refers to the few introduction of a product and a marketing program to determine the reactions of potential customers in a market situation.
The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also help to structure the marketing strategy of that product
Hence, the major purpose of test marketing is to provide management with information whether to launch the new product.
Learn more about test marketing here : brainly.com/question/7200804
Answer:
b.100 in 2002
Explanation:
This question can be solved without any calculations. When calculating consumer price index, the CPI for the year chosen as base is always 100. In this case, 2002 was chosen as the base year and, therefore, the CPI was 100 in 2002. Since that is one of the alternatives, no further steps are required and the answer is alternative b.
Answer:
The answer is A. Fiat money has little to no intrinsic value and is authorized by the central bank or governmental body.
Explanation:
Fiat money is the money that is issued by a country's government/ reserve bank whose value will be decided by the supply and demand of the money in the market, the country economic/social/political stability and potential.
Fiat money is not backed by commodities ( such as gold, silver) which secures its exchange power for a specific amount of commodities; it has no guarantees on its value ( i.e purchasing power), as a result has no intrinsic values itself. Instead, its value comes from the agreements of exchanging parties and the governance of its supply by the central bank.
Most countries' currencies nowadays are classified as fiat money, such as US dollar, Euro, Yen...
Answer:
I and II only.
Explanation:
Return on equity (ROE) is an example of a profitability ratio.
Profitability ratios measures the ability of a company to earn profits from its assets.
ROE = Net income / Average total equity
If ROE increases, it means that net income increases more than average total equity
Total asset turnover = Revenue / average total assets
(Net Income/ Net profit margin) / Total Assets
All else remaining constant, if ROE increases, it means that revenue also increases more than average total asset
Since Net income is the numerator in ROE, it means it would also increase
Total asset and debt equity ratio is not a component of ROE, so the effect of ROE on them can't be determined
