Answer:
C. The RR must explain the contingent deferred sales load to the prospect
Explanation:
Answer:
D.
Explanation:
A rent ceiling is a government regulation that makes it illegal to charge a rent higher than a specified level. Meaning that the landlord of a building cannot charge a rent amount higher than the maximum price set forth by the rent ceiling. Landlords that violate this law are usually fined by the government as a consequence.
Answer: <u><em>The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of: $750</em></u>
Given:
Accounts receivable = $640
Allowance for Doubtful Accounts = $110
<em><u></u></em>
<em><u>Therefore, the correct option is (c).</u></em>
Answer:
Total Stockholders' Equity = $2,334,370
Explanation:
Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.
In the attached excel file, the retained earnings is calculated as follows:
Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670
From the attached excel file, we have:
Total Stockholders' Equity = $2,334,370
Answer:
- <em>The slope of the demand curve at point A is </em><u><em> </em></u><u>- $0.40/unit</u>
- <em>The slope of the demand curve at point B is </em><u>- $0.14/unit</u>
Explanation:
See the file attached with the figure corresponding to this question.
<em>The slope of a curve</em> at a given point is the slope of the line tangent to the curve at that point.
<em><u>Point A:</u></em>
The tangent line to the <em>demand curve at point A is</em> drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:
- slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units
- slope = - $10 /25units = - $2/5units = - $0.40/unit.
The minus sign indicates the that price decreases when the quantity increases
<u><em>Point B:</em></u>
<em>The tangent line to the demand curve at point B</em> passes through the points (90, 12) and (140, 5).Then, the slope is:
- slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units
- slope = - $7 /50units = - $7/50units = - $0.14/unit.
Again, the negative sign indicates that when the number of units increase the price decreases.