Answer:
The answer is below
Explanation
Complements in economics is a term that is used to describe goods that are used or consumed together. For example, pencil and eraser, pen and paper, etc.
Complements are goods in economics whose value is increased when combined with other goods. Another example of complement goods is movies and popcorn
Answer: E. Statement 1 is false and statement 2 is true.
Explanation:
Statement 1 is false because when bonds are sold in the secondary market, the issuing company does not get anything from it. That is because sales in the secondary market are between bond holders and those who would like to buy the bond. For the company to make money from a bond issue, they would have to issue it in the Primary Market where it would come directly from them.
Statement 2 is true because when the coupon rate of a bond is higher than it's YTM, it signals that the bond is a PREMIUM bond which means that it is selling at a rate above Par. It is a measure showing that the bond is not very risky therefore investors charge less on the bond than the coupon rate. If the Coupon rate was lower than the YTM that would mean that investors consider the bond risky and so are charging more to hold it and this would reduce the price of the bond below it's face value.
Answer:
His opportunity cost a graduation was$50,000 and eight years later is $2 million
Explanation:
His opportunity cost at the time of graduation is $50,000 as he has 2 choices at that time, either playing soccer or coaching. And as he has been playing football for eight years which implying that he gave up the coaching option. The opportunity cost was therefore $50,000, which is a yearly amount of coaching.
in the same way his opportunity cost is $2 million after 8 years because he has two alternatives to play soccer and create films. And as he gave up the possibility to play football. Therefore, the opportunity cost for playing soccer was $2 million, which is the sum he gets.
Answer: 1.21
Explanation:
Acid test ratio is also referred to as the quick ratio and it is calculated as:
Acid-Test Ratio = Quick Assets / Current Liabilities
where,
Quick assets = $15090
Current liabilities = $12520
Acid test ratio = $15090 / $12520
= 1.2052
= 1.21
Answer:
Total subscriptions revenue for the period= 4 months (September 1 - December 31)
= (600 * $81) * 4/12
= $48,600 * 4/12
= $16,200
Hence adjusting entry would be:
Deferred subscriptions revenue a/c Dr $16,200
To Subscriptions revenue Cr $16,200
