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3 years ago

11

Assume initially that the price of X (the quantity of which is measured on the horizontal axis) is $9 and the price of Y (the qu

antity of which is measured on the vertical axis) is $4. If the price of X now declines to $6, the budget line will

1 answer:

Romashka-Z-Leto [24]3 years ago

7 0

Answer: decrease/decline

Explanation:

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Santos Corporation gathered the following information for the fiscal year ended December 31, 2020: Sales $1,500,000 Operating ex

kirill115 [55]

Answer:

Income from operations 380,000

Loss on sale of equipment <u>40,000</u>

Pretax income 340,000

Tax at 30% <u>102,000</u>

Net Income <u>238,000</u>

Explanation:

1 Santos Corporation

Income statement

For the year ended December 31, 2020

Sales................................ $1,500,000

less: Cost of goods sold <u>$960,000</u>

Gross Profit <u>$540,000</u>

Less: Operating expenses<u> 160,000 </u>

Income from operations <u>380,000</u>

2 Santos Corporation

Income statement

For the year ended December 31, 2020

Income from operations 380,000

Loss on sale of equipment <u>40,000</u>

Pretax income 340,000

Tax at 30% <u>102,000</u>

Net Income <u>238,000</u>

5 0

4 years ago

Marcy's mother, Sue, did not want her to date until she was older. She also wanted Marcy to attend law school. Just before Marcy

KATRIN_1 [288]

Answer:

<u>B) No, there was insufficient consideration because Sue did not promise anything in exchange</u>

Explanation:

Remember, in law for there to be consideration there must be something of value (between the parties concerned, which is exchanged for the performance or promise of performance by the other party (such performance itself is consideration).

Thus, it could be said that Marcy's agreement to throw a party for Sue lacked insufficient consideration since there was no stated value because Sue did not promise anything in exchange.

3 0

3 years ago

Which of the following is the safe way to unhook and hook up a battery

klemol [59]

The safest you can be is with rubber gloves let be serious little kids put in battery ok back to question, dont go near water or hot places make sure power off

4 0

3 years ago

ave a cash refund of $750 to a customer because of a lost package. (The customer had previously paid in cash.) Sent a check for

Kaylis [27]

Explanation:

The Journal Entry is given below:-

1. Fees income Dr, $750

To cash $750

(Being fees income is recorded)

2. Utilities expense Dr, $1,050

To cash $1,050

(Being utilities expense is recorded)

3. Accounts receivable Dr, $7,800

To fee income $7,800

(Being services provided is recorded)

4. Equipment Dr, $4,600

To cash $4,600

(Being equipment purchase is recorded)

5. Accounts payable Dr, $3,500

To cash $3,500

(Being payment of is recorded)

6. Cash Dr, $15,250

To fee income $15,250

(Being cash receive is recorded)

7. Cash Dr, $6,250

To Accounts Receivable $6,250

(Being cash receive is recorded)

8. Cash Dr, $25,000

To capital $25,000

(Being additional investment is recorded)

9. Supplies Dr, $3,250

To accounts payable $3,250

(Being purchase of supplies is recorded)

10. Rent expense Dr, $3,750

To cash $3,750

(Being rent expenses is recorded)

8 0

3 years ago

Clock and Cane Company. has 6.8 percent, semiannual coupon bonds on the market with twelve years left to maturity, face value of

svet-max [94.6K]

Answer:

YTM is 6.90%

Explanation:

The yield to maturity on the bond can be computed using the rate formula in excel.

=rate(nper,pmt,-pv,fv)

nper is the time to maturity of 20 years multiplied by 2 since the bond is paying interest on semi-annual basis

pmt is the semi-annual interest receivable by investor which 6.8%/2*$1000=$34

pv is the current market price of $989.45

fv is the face value of $1000

=rate(40,34,-989.45,1000)

rate=3.45%

The 3,45% is the semi-annual YTM, whereas the annual YTM 3.45% *2=6.90%

6 0

3 years ago