Answer:
yes it is correct
Equilibrium can only occur at one price .
Answer: 1. B. Supplies for $1,200
2. $180
3. A. Depreciation Expense 4,500
Accumulated Depreciation 4,500.
Explanation:
• 1: The entry to record (A) above would include a debit to supplies for $1,200. It should be noted that all the supplies that were recorded by the company in January were recorded as supply expenses and supplied in hand were $1200 as at December 31st. This will be shown in the balance sheet as the supplies expenses will be reduced by $1200 which means supplies will be debited.
•2: The balance in the interest payable account after adjustment will be:
= $18,000 × 3% × 4/12
= $18000 × 0.03 × 1/3
= 180
Note that 4months out of 12 months was used as notes were issued on September 1 which is 4 months till December.
• 3: The correct entry to record (E) above is:
A. Depreciation Expense 4,500
Accumulated Depreciation 4,500
Unemployment, poverty and human rights are obstacles in the
formation of social responsibility. This
greatly prevents a person to be able to
develop social responsibility. Having a
job teaches a person the value of responsibility. It also enables him to stand on his own two
feet and later encourages him to do a bigger role in society. If a person is financially secure and have rights
then that person can do more for society.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Unit sales 50,000
Units Dollar sales $ 500,000
Fixed costs $ 204,000
Variable costs $ 187,500
First, we need to calculate the unitary selling price and variable cost:
Unitary Selling price= 500,000/50,000= $10
Unitary variable cost= 187,500/50,000= $3.75
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 204,000/ [(10 - 3.75)/10]= $326,400
Complete Question:
An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is:
Group of answer choices
A) the safety of the principal invested.
B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
C) the yield is always higher than mortgage yields.
D) the yield is always higher than bond yields.
Answer:
B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
Explanation:
An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
Generally, common stocks are considered by financial experts or broker-dealers to be a suitable type of investment of variable annuities because the prices of common stocks in the market are not fixed and as such they are affected by economical changes such as inflation or recession.
