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3 years ago

Last month, Price Company purchased supplies on account, $5,000. Today, Price Company pays the amount that is owed.

Business

1 answer:

xenn [34]3 years ago

7 0

Answer:

Asset Account is decreased.

Liability Account is also decreased.

No effects on Capital Stock.

No effects on Retained Earnings.

Explanation:

Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.

Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.

This transaction will have no effects on Capital Stock Account and Retained Earnings Account.

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Digicon Inc. is a firm with mindshare in the category of digital cameras. With reference to this information, which of the follo

kherson [118]

Answer:

d.The digital cameras manufactured by the firm are seen as the standard for competitors to match.

Explanation:

Mindshare is a term that measures the amount of popularity and consumer awareness in a certain category. To say that Digicon Inc. has a mindshare in the category of digital cameras means that the company sets the bar for the digital cameras market and, therefore, should be seen as the standard that competitors should try to match.

Thus, the answer choice that better fits the description is d.The digital cameras manufactured by the firm are seen as the standard for competitors to match.

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3 years ago

Consider a portfolio consisting of only Duke Energy and Microsoft. The percentage of your investment (portfolio weight) that you

Leokris [45]

Answer:

(2) 4%

Explanation:

The portfolio is considered to be less risky if its volatility is low. The higher standard deviation the more risky is the project. For Duke Energy and Microsoft the investment portfolio required is risk free investment. To calculate the risk free rate we calculate using the formula;

Var Rp = x1 2Var R1 + x2 2Var R2 +2 x1 x2 Corr (R1, R2) SD1 SD2

Var Rp = 0.14 + 0.44 + 2 (1) * (-1) * 6% * 24%

Solving for this we get the risk free investment at 4%.

3 0

3 years ago

the federal reserve: regulates the banking system. clears all checks. prints all currency. makes loans to individuals.

Andrew [12]

The Federal reserve regulates the banking system. The American government's central bank and monetary authority is known as the Federal Reserve System.

A secure, adaptable, and stable monetary and financial system is provided by the Fed for the nation.
The 12 regional Federal Reserve Banks that make up the Federal Reserve System are each in charge of a particular part of the country.
Conducting national monetary policy, overseeing and regulating banks, preserving financial stability, and offering banking services are among the Fed's primary responsibilities.
The Fed manages the nation's money supply through the Federal Open Market Committee, which also sets monetary policy.
The Federal Reserve System's primary regulator of banks that are members is the Fed, which has broad authority to take action to promote financial stability.

Learn more about Federal Reserve System, here

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6 0

1 year ago

Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease

babymother [125]

Answer and Explanation:

Lease Cash Effective Decrease in Outstanding

Payment Payment Interest Balance Balance

$ 34,600

1 $ 8,000 $ 3,460* $ 4,540** $ 26,600

2 $ 8,000 $ 2,660 $ 5,340 $ 21,260

3 $ 8,000 $ 2,126 $ 5,874 $ 15,386

4 $ 8,000 $ 1,539 $ 6,461 $ 8,925

5 $ 8,000 $ 893 $ 7,108 $ 1,818***

6 $ 2,000 $ 182 $ 1,818 $ -

*34600 x 10%

**8000-4540

***8000-7108

Interest rate = interest on second lease payment/outstanding balance after 1st payment x 100

Interest rate = 2660/26600 x 100

Interest rate = 10%

5 0

3 years ago

How will you conquer your to-do list and stay stress-free

eimsori [14]

Answer:

dont overwhelm yourself, take your time and enjoy life.

Explanation:

7 0

3 years ago