Answer and Explanation:
The journal entries are shown below:
On 1 Jul 2021
1.Investment in Bond $200.00
To Cash $170.00
To Discount on bond investment $30.00
(Being the investment in the bonds is recorded)
2. On 31-Dec-21
Cash Dr ($200 × 6÷12 × 6%) $6.00
Discount on bond investment $0.80
To Interest revenue ($170 × 6 ÷ 12 × 8%) $6.80
(Being the interest is recorded)
3. On 02-Jan-22
Cash $150.00
Discount on bond investment $29.20 ($200 - $170 - $0.80)
Loss on sale of investment $20.80
To Investment in Bond $200.00
(Being the sale is recorded)
Answer:
d. greater than economic profits because the former do not take implicit costs into account.
Explanation:
Accounting profit is total revenue less total cost or explicit cost.
Explicit cost are costs that is actually incurred. They appear in the financial statements of a company.
Economic profit is accounting profit less implicit cost.
Implicit cost is also known as opportunity cost. It is the cost of the activity forgone in order to carry out another activity. For example, if I earn $100 working as a teaching assistant but resign to start my own business as a fashion designer where I earn $500, my opportunity cost is $100.
Accounting profit is usually greater than economic profit because it doesn't take into account implicit cost. Accounting profit can be equal to economic profit if implicit cost is zero.
I hope my answer helps you.
Answer:
No it ain't nothing wrong with not speaking to them but make sure there's always communication
<span>Grapes are a(n) "normal good" with an income elasticity of demand of "0.8". A normal good is a good for which an increase in income results in increased demand, while decreased income results in decreased demand. Thus, we know that the first blank is "normal good" by the definition of a normal good becuase median income fell and demand for grapes fell. The X elasticity of demand is given by (%change in Demand)/(%change in X), where x is any economic variable (income in this case). Thus, to find the elasticity, we divide 12% by 15%. 12%/15%=.08.</span>
Answer:
c. borrowing on its line of credit.
Explanation:
Line of credit denoted as LOC is a form of borrowing which is known to be a flexible form of taking loans. In this borrowing platform, one can borrow a certain amount of money and still borrow more even without paying the initial dept, this primarily makes it flexible. In giving this loans their a certain factors that aid qualify one in getting access to this loan, and this includes the individual credit score and good usage of his/her online purchasing medium without faulting or breaking codes of conducts.
