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3 years ago

What is scarcity? And give one example of scarcity GUYS HELP MEE PLSSSS

Business

2 answers:

Sati [7]3 years ago

3 0

The state of being scarce or in short supply; shortage:

An example is scarcity of rain is drought.

arsen [322]3 years ago

3 0

Scarcity is when there's a constant need for something, but there's not enough of that something to go around. For example, in some poor African countries, water is scarce because everyone wants and needs it, but there's a very limited amount of it available.

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What is the interest expense on December 31?

Ainat [17]

The interest expense on December 31 of the first year is <u>$5,250</u>.

<h3>What is the interest expense on bonds?</h3>

The interest expense for a bond that has the same coupon rate as the market rate is always the same for all periods of the bond.

This shows that the bond was issued at neither premium nor discount but at par.

<h3>Data and Calculations:</h3>

N (# of periods) = 20

I/Y (Interest per year) = 7.5%

PMT (Periodic Payment) = $5,250 ($140,000 x 7.5% x 1/2)

FV (Future Value) = $140,000

Results:

PV = $140,000.00

Sum of all periodic payments = $105,000 ($5,250 x 20)

Total Interest = $105,000

<h3>Schedule</h3>

Period PV PMT Interest FV

1 $140,000 $5,250 $5,250 $140,000

2 $140,000 $5,250 $5,250 $140,000

Thus, the interest expense on December 31 of the first year is <u>$5,250</u>.

Learn more about the interest expense of bonds issued at par at brainly.com/question/16995383

#SPJ1

4 0

2 years ago

Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended Decembe

Vladimir79 [104]

Answer:

a. Issued bonds for $200,000 cash ⇒<u> Cash inflow from Financing Activities. </u>

Financing activities refer to those that bring in capital to the company. This capital comes in the form of equity and long term liabilities like bonds. Money coming in from bonds will therefore be an inflow here.

b. Purchased equipment for $150,000 cash. ⇒ <u>Cash Outflow from Investing Activities </u>

Investing activities have to do with the fixed assets of the company as well as investments into the securities of other companies. Money is leaving the company to purchase the fixed asset here -equipment - so this is an outflow.

c.Sold land costing $20,000 for $20,000 cash. ⇒ <u>Cash inflow from Investing Activities.</u>

As already stated, Investing activities relate to fixed assets. Selling a fixed asset such as land will therefore bring in cash from investing activities.

d. Declared and paid a $50,000 cash dividend⇒ <u>Cash Outflow from Financing activities</u>

As financing activities relate to equity, dividends will be a cash outflow from here because it is cash that is leaving the company to go to equity holders.

6 0

3 years ago

Based upon the following data, what is the cost of the land? Land purchase price $196,981 Broker's commission 18,718 Payment for

dexar [7]

Answer:

$219,084

Explanation:

The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.

Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.

Hence the cost of the land

= $196,981 + $18,718 + $3,885 - $500

= $219,084

8 0

3 years ago

Which of the following would make the best thesis statement for a debate? a. Art and music classes are great. b. Schools should

Novosadov [1.4K]

The best answer choice would be "B". This gives the main idea of what your debate would be about. It is also clear, and not biased or opinionated.

I hope this helps!
~cupcake

3 0

3 years ago

Read 2 more answers

Lisa Company uses the periodic inventory system and had 100 units in beginning inventory at a total cost of $10,000. The company

skelet666 [1.2K]

Answer:

FIFO $10,400

LIFO $8,000

AVERAGE COST $9,600

Explanation:

Lisa Company

(1) FIFO

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

Units sold during the period = 220

Cost of units sold

=100*$100+120*130=$25,600

Value of ending inventory

=10,000+26,000-25,600

=$10,400

(2) LIFO

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

Units sold during the period = 220

Cost of units sold

=20*$100+200*130=$28,000

Value of ending inventory

=10,000+26,000-28,000

=$8,000

(3) average-cost

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

average cost per unit

=(10,000+26,000)/300

=$120 per unit

Units sold during the period = 220

Cost of units sold

=220 * $120

=$26,400

Value of ending inventory

=36,000-26,400

=$9,600

8 0

4 years ago