Answer:
$22
Explanation:
JL Groomers will maximize its accounting profit while taking to 0 its economic profits when the marginal revenue = marginal costs.
Economic profits are not the same as accounting profits, since they include the opportunity costs of investing the money somewhere else. That is why in the long run firms are not able to make economic profits since as long as they exist, new competitors will enter the market. But on the short run, firms are able to make economic profit, but by doing so, they will not be maximizing their accounting profit.
Economic profit = accounting profit - opportunity costs
Opportunity costs are the extra costs associated or benefits lost from choosing one activity or investment over another one.
Electric relays a number of devices to mistake-proof a process. the following would not be included.
<h3>What are the devices?</h3>
A device is a complete piece of natural science hardware that is used to compute or support computer mathematical functions within a larger system. Some devices, such as peripheral devices, are subsidiary in nature and can provide input, output, or both to a computer.
Relays are electrically powered switches that operate by receiving electrical signals from other sources to open and close circuits. By turning the switch on and off, they receive an electrical signal and transmit it to other pieces of equipment.
Therefore, Thus, option (B) is correct.
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Answer:
The journal entry is as follows:
Cash A/c Dr. $2,020,000
Discount on bonds payable A/c Dr. $59,216
To Bonds payable $2,000,000
To Paid in capital - stock warrants $79,216
(To record the issuance of the bonds and warrants)
Workings:
Cash:
= 2,000 × $1,000 × 101%
= $2,020,000
Discount on bonds payable:
= 2,000,000 - 2,020,000 × (980 ÷ 1,020)
= $59,216
Answer:
Present value of Liability is $59,989
Explanation:
Money does not have the same value in future as it has today. The present value calculates the today's value of any that cash flow will be made in future.
Liability = FV = $398,930
Number of years = n = 28 years
Discount rate = r = 7%
Present value = FV / ( 1 + r )^n
Present value = $398,930 / ( 1 + 0.07 )^28
Present value = $398,930 / 6.65
Present value = $59,989.47
