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3 years ago

Please can see answer this fast. Briefly explain how the market mechanism relieves excess demand.

Business

1 answer:

OLEGan [10]3 years ago

7 0

Answer:

The decrease in supply creates an excess demand at the initial price. a. Excess demand causes the price to rise and quantity demanded to decrease. ... A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined.

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Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1

ivanzaharov [21]

Answer:

A) The issuance of the bonds.

January 1, 2017, bonds are issued

Dr Cash 612,000

Cr Bonds payable 600,000

Cr premium on bonds payable 12,000

B) The payment of interest and the related amortization on July 1, 2017.

July 1, 2017, first coupon is paid

Dr Interest expense 29,700

Dr Premium on bonds payable 300

Cr Cash 30,000

C) The accrual of interest and the related amortization on December 31, 2017.

December 31, 2017, accrued interest payable

Dr Interest expense 29,700

Cr interest payable 29,700

Explanation:

$600,000 of 10%, 20-year bonds at 102, interest is paid semiannually ($600,000 x 10% x 1/2 = $30,000)

straight line amortization method is used to amortize bond premium

bond premium = $12,000 / 40 coupons = $300 amortized with each coupon payment

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3 years ago

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kirza4 [7]

Answer:

Explanation:

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3 years ago

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What do alphas in the world state use for personal transportation?

Afina-wow [57]

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3 years ago

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are developing strategic plans to address plausible future situations like rise in the prices of cotton and synthetic fabrics by

DedPeter [7]

Answer:

Scenario planning approach

Explanation:

Scenario planning is a method used by organizations or businesses to make long term projections. It is also used when making strategic plans for the progress of the organization.

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3 years ago

A company uses activity-based costing to determine the costs of its three products: a, b, and

Keith_Richards [23]

Answer:

$3.10 ; $2.10 and $14.20

Explanation:

The computation of the activity rates is shown below:

For Activity 1

= Budgeted cost ÷ Total budgeted activity of cost driver

= $94,550 ÷ (18,200 + 8,100 + 4,200)

= $94,550 ÷ 30,500

= $3.10

For Activity 2

= Budgeted cost ÷ Total budgeted activity of cost driver

= $53,550 ÷ (7,100 + 13,200 + 5,200)

= $53,550 ÷ 25,500

= $2.10

For Activity 3

= Budgeted cost ÷ Total budgeted activity of cost driver

= $59,995 ÷ (1,175 + 1,000 + 2,050)

= $59,995 ÷ 4,225

= $14.20

7 0

3 years ago

Please can see answer this fast. Briefly explain how the market mechanism relieves excess demand.​

Please can see answer this fast. Briefly explain how the market mechanism relieves excess demand.