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3 years ago

Pls help me do this question I can't figure out my mistake

Business

1 answer:

svet-max [94.6K]3 years ago

4 0

Here is the inventory ac and the journel entries.itd fairly simple. as for the journel entries,since the claim hasnt been met by the year end and is still recieble,its gonna be debitted. the balance will be charged to the profit and loss ac as a loss,or expense so to speak. in the income statement full amount will not be charged as the insurance calim will reduce the expense. and in balance sheet,only recieble of insurance claim will be shown

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What problem exists when people who can’t be excluded from using a good choose not to pay for it?.

Tom [10]

The type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it is called a free-rider problem.

<h3>What is a free-rider problem?</h3>

A free-rider problem can be defined as a type of market failure and burden that typically occurs when people who benefit from public goods or shared resources refuse to pay for them.

This ultimately implies that, a free-rider problem is the type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it.

Read more on products here: brainly.com/question/14446515

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3 years ago

What are stable and Impulse goods?

Citrus2011 [14]

Hello there!

Staple and Impulse goods tend to be around places like the supermarket/stores/etc. Here are what they are:

Staple goods:

Goods that consumers buy on a regular basis, and consumed regularly.

Staple goods are very common in places like supermarkets. Staple goods are goods like milk, eggs, bread, sugar, etc. These items are what consumers usually go to the store for, and they usually put these specific items on their "to buy" list when they go shopping.

Impulse goods:

Goods that tend to not need planning in order for a consumer to buy. This is typically known as the "surprise lets buy that" type of goods.

Impulse goods are goods that people usually don't think of getting, but when they see it, they get it anyways. These would be known as things like snacks, candy, etc. People usually don't put those items on their "to buy" list, but when they see it, they buy it anyways. To sum it all up, these types of items do not need planning to buy, and could be an "out of nowhere" purchase.

5 0

3 years ago

A management information system (MIS) typically provides standard reports generated with data and information from a transaction

Svet_ta [14]

Answer:

True

Explanation:

It is true that management information system (MIS) typically provides standard reports generated with data and information from a transaction processing system (TPS) or enterprise resource planning (ERP) system. ion processing system

By the definition of management information system it includes transaction processing system because management information system (MIS) is a data generating or gathering process which serves as the backbone of an organization’s operations by gathering data from multiple sources, analyzes information, and presents data in a form that it aids managerial decision making.

Hence, the major areas of management information systems are:

1. Transaction Processing System. ( which includes: Payroll System, Order Processing System, Stock Control System) .

2. Decision Support System.

3. Expert Systems and Artificial Intelligence.

6 0

3 years ago

In March, gross earnings of Perlman Company totaled $250,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemploym

erastova [34]

Answer:

A. Employer payroll tax expense includes FICA and State and Federal Unemployment tax.

= (250,000 * 7.65%) + (250,000 * 5.4%) + (250,000 * 0.8%)

= 19,125 + 13,500 + 2,000

= $‭34,625

Date Details Debit Credit

March Payroll Tax expense $34,625

FICA Taxes $19,125

State Unemployment Taxes $13,500

Federal Unemployment Taxes $2,000‬

6 0

3 years ago

Suppose that the term structure is currently flat so that bonds of all maturities have yields to maturity of 10%. Currently a 5-

laila [671]

Answer:

Explanation:

a) PV=$1000

As price is equal to face value then the Coupon rate will be equal to its YTM, 10%.

Annual Coupons = 10% * 1000 = $100

b.) We have purchased the bond for $1000, so our investment is $1000

At the end of the year 1, we get a coupon of $100 and the selling price.

1st CASE - When monetary policy is tight.

New YTM = 12%

Time left to maturity (n) = 4 years

Coupon payment = $100

Price = Coupon payment X PVAF(YTM, n) + Face Value X PVF(YTM, n)

[USE TABLES or Financial calculator]

Price = 100 X PVAF(12%, 4) + 1000 X PVF(12%, 4) = 100 X 3.307 + 1000 X .636 = 303.7 + 636 = $939.7

If we sell the bond, Return = (Coupon Received + Selling price - Purchase price ) \div Purchase price

= (100 + 939.7 - 1000) \div 1000 = .0397 or 3.97%

Scenario 2 - When monetory policy is loose

New YTM = 8%

Time left to maturity (n) = 4 years

Coupon payment = $100

Therefore, Price = Coupon payment X PVAF(YTM, n) + Face Value X PVF(YTM, n)

Price = 100 X PVAF(8%, 4) + 1000 X PVF(8%, 4) = 100 X 3.312 + 1000 X .735 = 331.2 + 735 = $1066.2

If we sell the bond, Return = (Coupon Received + Selling price - Purchase price ) \div Purchase price

= (100 + 1066.2 - 1000) \div 1000 = .1662 or 16.62%

4 0

4 years ago