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murzikaleks [220]
3 years ago
9

Information related to Kerber Co. is presented below.

Business
1 answer:
yKpoI14uk [10]3 years ago
7 0

Answer:

Date        Account titles & Explanation           Debit         Credit

Apr-05    Merchandise Inventory                    $23,000

                       Accounts Payable                                        $23,000

Apr-06    Merchandise Inventory                    $900

                       Cash                                                              $900

Apr-07     Equipment                                        $26,000

                       Accounts Payable                                       $26,000

Apr-08    Accounts Payable                             $3,000

                        Merchandise Inventory                              $3,000

Apr-15     Accounts Payable                            $20,000

               ($23,000-$20,000)

                     Merchandise Inventory                                 $400

                     ($20,000*2%)

                     Cash                                                                $19.600

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3 years ago
If macaroni and cheese is an inferior good, then an increase in ____
Anvisha [2.4K]

Answer:

The correct answer is option C.

Explanation:

An inferior good is a good that has a negative income elasticity. It means that when consumer's income increases the demand for inferior goods decreases and vice versa.

If macaroni and cheese is an inferior good, then an increase in consumer's income will cause the demand for macaroni and cheese to decrease. This decrease in demand will cause the demand curve to shift to the left.

5 0
3 years ago
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,600 monthly. The contract currently sells for $117
Tanzania [10]

Answer:

The monthly return on this investment vehicle is 1.37%

Explanation:

A perpetuity contract is one which lasts forever, It does not any time limit. Live Forever Life Insurance Co will pay $1,600 for indefinite time on today's investment of #117,000.

Monthly return will be calculated using following formula:

Present value of Perpetuity = Perpetuity Received / Interest rate

$117,000 = $1,600 / r

r = $1,600 / $117,000

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4 0
4 years ago
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4 years ago
You own shares in a well-managed and diversified company. If a bustling economy increases investors' concerns about market risk,
Soloha48 [4]

Answer:

C. Increase

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A bustling economy will make individuals want to take advantage of the opportunity. It’s however normal for prices of a good or service to increase when there is a huge demand for it.

In this case there was a boom in the economy which means the price of the shares he owns in the company will increase.

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3 years ago
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