Answer:
a. debit to Interest Revenue for $2,500
Explanation:
Based on the information given we were told that Ban Company made a purchased of 50, 5% Waylan Company bonds for the amount of $50,500 which is a cash Interest that is payable annually which means that the annual interest payment would include a: DEBIT to Interest Revenue for $2,500 calculated as :
Interest Revenue=[(50 x $1,000)×5%]
Interest Revenue=$50,000×0.05
Interest Revenue =$2,500
Answer:
$109,000
Explanation:
The accounting equation for the cost of goods sold
COGS = opening finished good + purchases - Closing finished goods
In a manufacturing firm, purchases are also referred to as manufacturing costs.
For Leslie manufacturing:
beginning finished inventory =$40,000
costs of goods manufactured = $ 144,000
Ending finished inventory = $ 45,000
cost of manufacturing for the period:
=$40,000 +$114,000- $45,000
=$109,000
Answer: Debit Warranty Expense $25,500; credit Estimated Warranty Liability $25,500.
Explanation:
From the question, we are informed that during June, Vixen Company sells $850,000 in merchandise that has a one year warranty and that experience shows that warranty expenses average about 3% of the selling price and that customers returned $14,000 of merchandise for warranty replacement during the month.
The entry to settle the customer warranties is to debit Warranty Expense $25,500 and then credit Estimated Warranty Liability $25,500.
The warranty expense is calculated as:
= 3% × $850,000
= 0.03 × $850,000
= $25,500
Answer:
D. the marginal cost of the last barrel is just equal to the price buyers are willing to pay for that last barrel.
Explanation:
In the case of the oil market that oil is to be supplied to the point where the marginal cost of the previous barrel should be equivalent to the price where the pruchaser want to pay for that previous barrel
So as per the given situation, the option d is correct
ANd, the rest of the options seems incorrect
Answer:
a. globalization.
Explanation:
Global economy refers to the viewing economies of all countries as a single economy. In recent years, economies of multiple countries are increasingly becoming interconnected and dependent on each other. Globalization describes the increased interactions and interdependence between multiple countries.
Advancement in technology and infrastructure development has facilitated the easy and faster movement of people, technology, ideas, goods, and services across borders. Consequently, international trade and social interactions have increased, making the world appear as one big economy. This connection between countries' economies is globalization.