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3 years ago

Economics is primarily the study of__________.

Business

1 answer:

Julli [10]3 years ago

7 0

Answer:

Option (c) is correct.

Explanation:

Economics is the study of the choices that we have to make from the limited available resources. We know that the human wants are unlimited and the resources to satisfy these wants are limited. So, we have to use these scarce resources in a manner which gives the maximum utility from the resources. The scarce resources have to be rationally managed.

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Coffman Company sold bonds with a face value of $1,080,000 for $1,020,000. The bonds have a coupon rate of 9 percent, mature in

Neko [114]

Answer:

Coffman Company

Journal Entries:

January 1 - Sale of Bonds

Debit Cash Account with $1,020,000

Debit Bonds Discount with $60,000

Credit Bonds Payable with $1,080,000

To record the sale of 9% bonds at a discount.

June 30:

Debit Interest on Bonds with $48,600

Credit Cash Account with $48,600

To record payment of interest on June 30.

Explanation:

1. Bonds as a financing source can be issued at par value, premium, or discount. It is issued at a discount when the interest rate is less than the market rate. The purpose of issuing them at a discount is to attract investors to purchase the bonds, which will be repaid at the par value.

2. Interest for the half-year was calculated as follows: $1,080,000 x 9%/2 since the interest is payable semiannually. This implies that the effective semiannual interest rate is 4.5%.

3 0

3 years ago

Athis Co. at the end of 2020, its first year of operations, prepared a reconciliation between pretax financial income and taxabl

Darina [25.2K]

Answer:

The answer is given below;

Explanation:

Income Tax Payable =1,800,000*30%=$540,000

Deferred Tax Asset=3,000,000*30%=$900,000

Deferred Tax liability=2,400,000*30%=$720,000

Therefore the income tax expense=$540,000+$720,000-$900,000=$360,000

The litigation expense will be deductible from taxable income when paid,therefore it will give deferred tax asset.

Profit on installment sales will give rise to more profits being subjected to taxes,therefore it gives rise to deferred tax liability.

4 0

3 years ago

Take Time Corporation will pay a dividend of $4.15 per share next year. The company pledges to increase its dividend by 6.25 per

frozen [14]

stock value = $ 150.91

<u>Explanation:</u>

Stock price = D /(k-g)

The given data is as follows:

D = Dividend = $4.15 , K = required percent = 9% = 0.09 , G = pledged percent = 6.25% = 0.0625

<u>The following formula is used in order to calculate the value of the stock: </u>

Stock value= D/(k-g)

Where: D = dividend, K = required return, g = growth

$=4.15 /(0.09-0.0625)$ =150.91(rounded to the two decimal places)

Hence stock value = $ 150.91

4 0

3 years ago

A university is planning an online seminar. It costs $30 to live stream an instructor from Elbonia. Assume it costs $25 per stud

aleksklad [387]

Answer:

$26.50

Explanation:

8 0

3 years ago

In some industries, the labor productivity of union workers exceeds the labor productivity of nonunion workers. Which of the fol

luda_lava [24]

Answer:

Labor union enable workers to voice concerns about working conditions and safety issues, making them more confident and less intimidated by their employers and thus more productive.

Labor unions foster a more stable work force, decreasing turnover.

Unions are always more efficient than firms at discerning which workers are highly skilled and which are not.

Explanation:

Labor unions improve productivity by improving employee satisfaction, decreasing turnover and attracting trianed skilled labor

7 0

3 years ago