Answer:
a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.
Explanation:
The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.
Answer:
Journal entries
Explanation:
The journal entries are as follows
On July 1
Prepaid insurance Dr $12,400
To Cash $12,400
(Being the payment is recorded)
On December 31
Insurance expense Dr $3,100
To Prepaid insurance $3,100
(Being the insurance expense is recorded)
It is computed below:
= $12,400 × 6 months ÷ 24 months
= $3,100
Answer: Utilitarianism
Explanation:
Utilitarianism can he defined a moral theory that supports actions that boost overall pleasure or happiness and rebuff actions that lead to harm or unhappiness. A utilitarian philosophy aims to make the society a better place.
The maxim of utilitarianism is that a considerable amount of good should go to a considerable amount of people. Utilitarianism seeks to maximize well-being and happiness. Mama Diner's restaurant was closed because the principle of utilitarianism was not followed because handicapped students couldn't make use of bathroom stalls.
For example, if there is a new disease that kills people instantly when the affected person coughs around other people, the government might be forced to kill the person in order to save others.
Answer:
b. Call for $1,500
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the amount of margin call by using following formula:-
Loss of today = future contracts based total bushels × total contract × (settlement cost per bushels - future contract price per bushels)
= 5,000 cents × 6 × (390 cents - 385 cents)
= 5,000 cents × 6 × 5 cents
= 150,000 cents
And we know that
100 cents = 1 dollar
so,
150,000 cents ÷ 100 =$1,500
Initial margin $878 per future contract and maintenance margin $650 per contract, Margins of both are less than loss .So we have to pay $1,500 in initial margin.
According to the analysis, we will receive $1,500 margin call.
Therefore option (B) call for $1,500 is correct.
Answer:
a.$75,508
Explanation:
Newham Corporation
Break Even Sales = Fixed Expenses/ 1- (Variable Expenses/ Sales)
We combined the Break Even Sales by adding the sales of the two products and the variable expenses of the two products.
Break Even Sales =$46,060/1-($10,780+$18,470/$31,000+ $44,000)
Break Even Sales =$46,060/1-(29250/75,000)
Break Even Sales =$46,060/ 1-0.39
Break Even Sales =$46,060/ 0.61
Break Even Sales = $75,508.19
