Answer:
This entry would be recorded by Young with a credit to <u>cash account</u> in the amount of <u>$1,020</u>.
Explanation:
The complete journal entry for June 29 should be
- Dr Notes Payable account 1000
- Dr Interest Expense account 20
- Cr Cash account 1020
The total interest due = $1,000 x 6% x 4/12 =$20
Notes payable is a liability account and it decreases, so it should be debited.
All expenses are debited.
Cash is an asset account and it decreases, so it should be credited.
Answer:
Responsiveness
Explanation:
Market segmentationnis the process by which a company groups consumers on the basis of a shared characteristic which can be income status, education, age, location, race,and so on.
For segmentation to be successful the segment must be measureable, profitable, accessible, and market responsive.
Responsiveness is the level of adoption of the product by the target segment. If the segment is not responsive then that aim of the business is defeated. Consumer decision to purchase is key to product success.
Answer:
The correct answer will be "Non-economic interest groups
".
Explanation:
- Such special interests as well as define the classifications of non-monetary or economic interest groups but mostly their serving congressional districts. Citizen organizations are structured around the purposeful rewards that are reasons to facilitate a causation one specializes throughout.
- This is indeed a party that aims to change almost everything in the community or overhaul the democratic, social structure in a way that still does not ultimately affect the campaign coffers of the participants.
Answer:
D. The breakeven point decreases.
Explanation:
Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.
The formula for break-even is
Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)
Since sales price and variable cost is constant, let's say
(Sales price per unit- Variable cost per unit)= constant (k)
So when we cross-multiply in the formula
Breakeven* k= Total fixed cost
It shows that Breakeven point is directly proportional to Total fixed cost.
So a reduction in Total fixed cost will result in a reduction in Breakeven point.
Answer:
1) total revenue = $120,000
yearly costs = $30,000
opportunity costs of investment = $50,000
- economic costs include both accounting and opportunity costs = $30,000 + $50,000 = $80,000
- normal rate of return = accounting profit / investment* we are not given the investment amount, only the returns that the investment could yield, so we cannot calculate the normal rate of return
- accounting profit = $120,000 - $30,000 = $90,000
- economic profit = $120,000 - $30,000 - $50,000 = $40,000
3) When average total cost increases, that means that the marginal cost must be greater than the average total cost. If the addition of another unit of output does not change average total cost, it means marginal cost = average total cost.
4) Accounting costs only include explicit expenses (e.g. materials, utilities, labor, etc.), while economic costs include implicit or opportunity costs. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment from another alternative.
5) The normal rate of return is how much profits does a specific investment yield (in percentage). There is no absolute good or bad rate of return. For example, risky investments that yield 15% per year are considered good investments, but some secure investments that yield 5-10% can also be considered good investments that yield high rates of return. investors are risk averse, so the riskier the investment, the higher the return they will expect form it.
