Answer:
loss of $667
Explanation:
The solution of gain or loss is shown below:-
Value of $10,000 bonds = Bonds outstanding ÷ Issued amount × Bonds
= $106,000 ÷ $100,000 × $10,000
= $10,600
Premium = $10,600 - $10,000
= $600
Carrying value =Value of bonds - Premium × 4 ÷ 36
= $10,600 - $600 × 4 ÷ 36
= $10,533
Gain/ Loss on retirement = Bonds × Retired percentage - Carrying value
= $10,000 × 112% - $10,533
= $667
So, there will be loss of $667
Answer:
A. carries a producer's inventory and performs the functions of a full-service wholesaler
Explanation:
The answer to the question is quite clear. The question is about a manufacturer's branch office. The intent is clear, the branch office in question belongs to a particular manufacturer.
A manufacturer's branch office is typically owned and operated by the manufacturer in a location that is physically different from the manufacturing prlant and the main purpose of this branch office is for the wholesale distribution of manufactured product.
Three Different Types of Wholesalers
1. Merchant Wholesalers - These are primarily into wholesale businesses for different manufacting groups per time. They take products in large quantities from manufacturers and resell to industries, retailers and even smaller wholesalers in smaller quantities.
2. Agents, brokers and commission merchants: They are active middlemen who do not take title of goods like merchant wholesalers but are involved in negotiating on behalf of their manufacturing clients. They are most paid on commission basis based on what business they bring in.
3. Manufacturers' sales branches and offices: The Manufacturer's branch office falls under this category and they are specific wholesale outlets run by the manufacturers themselves to sell their own products.
Considering other Choices in the Question
- Performs a sales function as an option to agents and broker- This is the description of wholesalers type two as described above
- works for several producers and carries noncompetitive, complementary merchandise in an exclusive territory - This is the description of Merchant Wholesalers
- takes title to merchandise but sells only to buyers that call on them, pay cash for merchandise, and furnish their own transportation for the merchandise- This is also the description of Merchant Wholesalers
- brings buyers and sellers together to make sales- This is the description of Agents, brokers and commission merchants.
We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>
<h3>What is aggregate demand?</h3>
Aggregate demand refers to the total demand for goods and services within an economy.
Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.
<h3>Answer Options:</h3>
a. Both the US and Europe
b. The US, but not Europe
c. Europe, but not the US
d. Neither the US nor Europe
Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>
Learn more about aggregate demand at brainly.com/question/1490249
Answer:
Dr Lawsuit Expense 305,090
Cr Lawsuit Liability 305,090
Dr Lawsuit Loss 112,720
Cr Lawsuit Liability 112,720
Explanation:
Preparation of Journal entries
Based on the information given we were told that Buchanan had to paid the amount of $305,090 for damages which means that the Journal entry will be:
Dr Lawsuit Expense 305,090
Cr Lawsuit Liability 305,090
Based on the information given we were told that he was considering to establish the amount of $112,720 as a self insurance allowance which means that the Journal entry will be:
Dr Lawsuit Loss 112,720
Cr Lawsuit Liability 112,720
Answer:
D. society’s scarce resources are used to produce products that align with consumer preferences
Explanation:
Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.
