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3 years ago

At its simplest, the term "sovereign' refers to the source of _____ in a political community.

Business

1 answer:

hammer [34]3 years ago

3 0

Independance. a sovereign state is one who has a permanent population, a defined territory, a government and so on.

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Implied interest rate and period Consider the case of the following annuities, and the need to compute either their expected rat

LiRa [457]

Answer:

6.00%

Explanation:

Rate of return can be calculated using RATE function in excel or I/Y on calculator or using the formula for annuity

Annuity Rate = RATE(nper=8, pmt=1100, pv=-6,830.77, fv = 0, 0)

Annuity Rate = 0.06000118

Annuity Rate = 6.00%

7 0

3 years ago

Devonshire, Inc. sold merchandise inventory on account at a price of $17,000 with payment terms of 2/10, n/30. The merchandise c

kotegsom [21]

Answer:

$16,660

Explanation:

Given that,

Merchandise inventory sold on account = $17,000

Payment terms are as follows: 2/10, n/30

Cost of merchandise sold = $13,000

Therefore, the amount of cash was collected by Devonshire is the amount of cash after deducting the 2 percent of merchandise inventory.

Cash was collected by Devonshire:

= Amount of merchandise sold × (1 - 2%)

= $17,000 × (1 - 0.02)

= $17,000 × 0.98

= $16,660

4 0

3 years ago

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est

exis [7]

Answer:

$364,980

Explanation:

Computation for the amount of under- or overapplied overhead for the year.

First step is to calculate the

Predetermined Overhead using this formula

Predetermined Overhead rate = Estimated overhead/direct labor estimated

Let plug in the formula

Predetermined Overhead rate= 358,900/227,000

Predetermined Overhead rate= 158% of direct labor cost

Now let determine the Overhead applied

Overhead applied = $231,000*158%

Overhead applied= $364,980

Therefore the amount of under- or overapplied overhead for the year is $364,980

4 0

3 years ago

What four conditions define monopolistic competition?

Alchen [17]

1. Many FirmsAs a rule, monopolisticallycompetitive markets are notmarked by economies ofscale or high start-up costs,allowing more firms.2. Few Artificial Barriers toEntryFirms in a monopolisticallycompetitive market do notface high barriers to entry.3. Slight Control over PriceFirms in a monopolisticallycompetitive market have somefreedom to raise prices becauseeach firm's goods are a littledifferent from everyone else's.4. Differentiated ProductsFirms have some control overtheir selling price because theycan differentiate, or distinguish,their goods from other productsin the marke

6 0

3 years ago

1. The DE partnership is undergoing an installment liquidation. Partners D and E share income in a 3:2 ratio and have current ca

xz_007 [3.2K]

Answer:

The correct answer is option (C):

$30,000 to D; $20,000 to E

Explanation:

The key to solving this problem is to take not of the ratio at which income are shared which is 3:2 for partners D and E respectively. This means that out of every 5 parts (3 + 2), partner D gets 3 parts and the remaining 2 parts is for partner E.

Amount available to be shared = $50,000

Therefore amounts each partner gets is calculated thus:

Partner D:

3/5 of 50,000

= 3/5 × 50,000 = 0.6 × 50,000 = $30,000

Partner E:

2/5 of 50,000 = 0.4 × 50,000 = $20,000

hence partner D gets $30,000 while partner E gets $20,000

8 0

3 years ago