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3 years ago

An individual's demand curve for a good can be derived by measuring the quantities selected as

Business

1 answer:

Montano1993 [528]3 years ago

6 0

Answer:

The price of the good changes.

Explanation:

An individual's demand curve for a good can be derived by measuring the quantities selected as the price of the good changes.

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The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $14,632.12.

blagie [28]

Answer:

Bank account reconciliation:

Bank account balance $14,632.12

- outstanding checks ($1,320.25)

+ deposits in transit $575

- mistaken deposit, MIS, Inc. ($875)

adjusted bank account balance $13,011.87

Cash account reconciliation:

Cash account balance $23,742.87

+ error in check (rent) $18

- note paid by bank ($450)

- bank service charges ($14)

- NSF check ($85)

- petty cash fund ($200)

- investment in T-bills ($10,000)

adjusted cash account balance $13,011.87

Dr Cash 18

Cr Rent expense 18

Dr Notes payable 100

Dr Interest expense - notes payable 350

Cr Cash 450

Dr Bank service charges 14

Cr Cash 14

Dr Accounts receivable 85

Cr Cash 85 (NSF check)

Dr Office expenses 200

Cr Petty cash fund 200

Dr Petty cash fund 200

Cr Cash 200

Dr Investment in Treasury Bills (2 months) 5,000

Dr Investment in Treasury Bills (6 months) 5,000

Cr Cash 10,000

Current assets:

Cash $13,011.87

Petty cash fund $200

Investment in Treasury Bills (2 months) $5,000

<u>Investment in Treasury Bills (6 months) $5,000</u>

total cash and cash equivalents $23,211.87

3 0

3 years ago

Given the following information, what is Macy’s market capitalization? Annual Sales $27.5B Annual Net Income $1.5B Earnings Per

Andrew [12]

Answer:

D) $21.6B

Explanation:

Market capitalization equals the total number of outstanding share multiplied by the sare price, therefore:

Market Capitalization = 360,000,000 shares x $60 price per share

= $21,600,000,000

Thus, the total market capitalization is $21.6 billion

5 0

3 years ago

Porches, Inc. sells lawn furniture. Selected financial information for the most recent year is as follows:Beginning merchandise

Hatshy [7]

Answer:

The operating income for the year is $97,000

Explanation:

For computing the operating income, first, we have to calculate the cost of goods sold. The formula to compute the cost of good sold is shown below:

= Beginning merchandise inventory + Purchases during the year - Ending merchandise inventory

= $33,200 + $92,000 - $35,000

= $90,200

Now, the operating income would be

= Sales - the cost of good sold - selling and administrative expenses

= $262,900 - $90,200 - $75,700

= $97,000

6 0

4 years ago

Using marketing to promote the idea that a company is more socially responsible than it actually is can be described as ______.

earnstyle [38]

Answer:

Greenwashing

Explanation:

Greenwashing is the process of using marketing to promote the idea that a company is more socially responsible than it actually is. It is the process of passing a false impression or providing false information about how a company's products are more environmentally sound.

Greenwashing can also be called green sheen. It is used to deceive consumers into believing that a company's products are environmentally friendly by providing misleading information about the product.

Greenwashing is considered an unsubstantiated claim to deceive consumers into believing that a company's products are environmentally friendly.

8 0

3 years ago

Knowledge Check 01 Zeta Corporation issues $100,000 of 8% bonds maturing in 10 years on January 1, Year 1, when the market rate

alexandr1967 [171]

Answer:

$106,595

Explanation:

Given:

Initial market rate = 9%

Dropped market interest rate, r = 7% per year

= 7% × [6 ÷ 12]

= 3.5% = 0.035

Remaining time, n = 9 years = 18 semi annual periods

Now,

Value of the bond at the retirement

= [ PVAF × Interest payment] + [ PVF × face value]

here,

Present value of annuity factor, PVAF = $\frac{1 -(1+r) ^{-n}}{r}$

PVAF = $\frac{1 -(1+0.035) ^{-18}}{0.035}$

PVAF = 13.189

And,

Interest payment = $100,000 × 8% × [6 ÷ 12 ] [since, 8% bonds]

= $4000

Present value factor = $\frac{1}{1.035^{18}}$

= 0.538

par value = $100,000

= [13.189 × $40] + [0.538 × 100,000]

= 52,758.7316 + 53,836.114

= $106,595

Hence,

The correct answer is option $106,595

8 0

4 years ago