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g100num [7]
3 years ago
10

The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7.

Received from Unitarian Clothing and Bags Co., on account, a $78,000, 60-day, 8% note dated December 7. Dec. 31. Recorded an adjusting entry for accrued interest on the note of December 7. Dec. 31. Recorded the closing entry for interest revenue. 20Y8 Feb. 5. Received payment of note and interest from Unitarian Clothing Journalize the entries to record the transactions.

Business
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

The diagram is well defined showing all the parameters required.

Best Regards.

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Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting pr
-Dominant- [34]

Answer:

total cost = 12,000

Explanation:

From the formula of accounting profit, we can solve for total cost:

Accounting profit = total revenue - totoal cost

Firm X

produce 1,000 units and sell them at $15 each

total revenue: 1,000 units x $15 = 15,000

It has an accounting profit for 3,000

We plug this values into the formula of accounting profit

Accounting profit = total revenue - totoal cost

         3,000           =    15,000          -   total cost

15,000 - 3,000 = total cost

total cost = 12,000

5 0
3 years ago
Explain about New product pricing strategy
Vanyuwa [196]

The first new product pricing strategies is called price-skimming. It is also referred to as market-skimming pricing. Price-skimming (or market-skimming) calls for setting a high price for a new product to skim maximum revenues layer by layer from those segments willing to pay the high price.

CORRECT ME IF IM WRONG

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7 0
2 years ago
A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the
eduard

Answer:

$17.9469

Explanation:

Calculation for what dollar wage must be paid in the third year

Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.

The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.

In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.

Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).

Therefore what dollar wage must be paid in the third year will be $17.9469

3 0
3 years ago
Necesito saber si es cierto o falso
Zanzabum

La respuesta correcta es Falso

Explicación:

El excedente de producción se refiere a la cantidad de dinero que obtiene un productor al producir y vender un producto. En este contexto, el excedente de producción puede ser calculado si al precio o valor de compra se resta el costo de oportunidad de producirlo (costo por producir un bien específico en vez de sus alternativas), así como otros costos de producción. De acuerdo a lo anterior la premisa es falsa porque el costo de oportunidad debe ser restado y no sumado al precio para saber cual fue la ganancia o excedente de producción.

6 0
3 years ago
In florida, an element of an insurance transaction would be
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<span>giving out an insurance contract
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8 0
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