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Mkey [24]
3 years ago
13

Jane and Bart organized food truck business- Just Best Food Inc (JBF Inc.). JBF Inc. decided to follow accrual method of account

ing. JBF Inc. borrowed $8,000 from the bank on November 1, 2015. The note had a 5 percent annual rate of interest and maturity on April 30, 2016. Yes, it was a short-term debt. Interest and principal were paid in cash on the maturity date. What total amount of cash was paid to the bank on April 30, 2016, for principal and interest

Business
1 answer:
Rashid [163]3 years ago
5 0

Answer:

Answer is option C i.e $200

Explanation:

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After a tax is imposed on the market for bottled water, the price buyers pay is $2.50 per bottle and the price sellers receive i
N76 [4]

The balance of the price in the market is determined by demand and supply, which are measured in terms of the price and quantity variables; When a tax is placed on a product, a change in the market equilibrium is generated, since buyers pay more and sellers receive less.

Thus, a tax causes the supply curve to move up and the demand curve to move down.

In order to know how the tax burden is distributed, the incidence is measured through the elasticity of the supply and demand curve, which measures the sensitivity of the quantity, demanded or offered, of products before a price change.

When the supply curve is more elastic than the demand curve, the impact of the tax is stronger for consumers, as the prices paid by consumers increase more than the price that sellers receive decreases.

Answer

It can be concluded about the elasticity of demand and supply prices that <em>supply is more elastic than demand</em>

3 0
3 years ago
On January​ 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000. ​Tyson's management expects to use the mac
denis23 [38]

Answer:

Annual depreciation= $5,865,714.29

Explanation:

Giving the following information:

Purchase price= $41,100,000

Salvage value= $40,000

Useful life in hours= 28,000

<u>To calculate the depreciation expense for 2024, we need to use the following formula:</u>

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(41,100,000 - 40,000) / 28,000]*4,000

Annual depreciation= $5,865,714.29

7 0
3 years ago
The nation itself with all its so called internal improvements meaning
vaieri [72.5K]

<span>Meaning our boundaries are ever-changing, defined by society, we don’t know what will happen next "so-called improvements" are only superficial, it's only a distraction, distracts oneself from the truth. The Society is unwieldy and overgrown, ruined by luxury and heedless expenses. </span>

8 0
3 years ago
Old Time Savings Bank pays 3% interest on its savings accounts. If you deposit $1,800 in the bank and leave it there: (Do not ro
klasskru [66]

Answer:

A. $54

B. 55.62

C. $70.46

Explanation:

The formula for calculating compound interest is

FV = P (1 + r ) ^n

FV = Future value

P = Present value

R = interest rate

N = number of years

A. $1,800 (1.03) = $1854

Interest rate = $1854 -$1,800 = $54

B. $1,800 (1.03)^2 = $1,909.62

Interest rate = $1,909.62 - $1854 = $55.62

C. $1,800 (1.03)^10 = $2,419.05

To service the interest rate, we have to determine the future value in year 9

$1,800 (1.03)^9 = $2,348.59

Interest rate = $2,419.05 - $2,348.59 = $70.46

I hope my answer helps you

5 0
3 years ago
Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $38,000 and a remain
irina [24]

Answer:

Alternative A should be accepted as it is giving favourable result of $30,600

Explanation:

Xinhong Company

ALTERNATIVE A: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine                                                   $123,000

Cash received to trade in old machine                             $48,000

Reduction in variable manufacturing costs = 4*($33500 - $22400) = $44,400

Total change in net income                                                $30,600

ALTERNATIVE B: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine                                                   $119,000

Cash received to trade in old machine                             $48,000

Reduction in variable manufacturing costs = 4*($33500 - $10300) = $92,800

Total change in net income                                                $21,800

Therefore, Alternative A should be accepted as it is giving favourable result of $30,600

4 0
3 years ago
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