The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
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Answer: the answer is C deduct $3500 each year.
Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly
Answer: a. always declines with increased levels of output.
Explanation: the average fixed cost curve graphically illustrates or shows the relation between average fixed cost a firm incurs in the short-run production of a good or service, and the quantity produced. The average fixed cost curve always declines with increases in the level of output resulting in a negatively sloped curve. This is to say that the average fixed cost is relatively high at smaller quantities of output, which then declines as the level of production increases--the more output increases, the more average fixed cost declines. Why this occurs is that a given fixed cost is spread over an increasingly larger quantity of output and as such, firms can profitably charge a lower price with increased output.
Answer:
A: $127.2
B: $123.384, $3.816 per share and $3,816 per contract
C: 9.43%
Explanation:
A: Futures price
F° = S° (1 + rₙ) = $120 x 1.06
= $127.20
B: Change in Future Price and Investor Margin account:
New Spot = $120 (1 – 0.03)
= $120 x 0.97
= $116.40
New Futures = $116.40 (1.06)
= $123.384
The long investor loses = $127.20 - $123.384
= $3.816 per share
or $3.816 (1,000) = $3,816 per contract
C: Percentage return on the investor’s position:
Percentage return = $12,000 / $127,200
= 9.43%
True
A captive agent means they have signed a contract to stay with the company for that many number of years
