Answer:
Concerned only with profit without ethics
Explanation:
People generally do business with ethics and moral values. The myth of immoral business is that people don't mix ethics and business together. They are concerned only with profits and the services and goods they buy or sell are not immoral but amoral. Business people who do not follow ethics are generally complaining about the regulations, they must realize that both are interlinked with each other.
Answer:
The correct answer is the demand has increased.
Explanation:
At the market price of $5/unit, the quantity demanded is 20 units.
Last year at the price level of $4, the quantity demanded was 20 units.
We see that even though the price has increased the quantity demanded is the same. This indicates that the demand has increased.
When there is an increase in the demand for a commodity, the demand curve moves to the right. This upward or rightward shift in the demand curve will cause the price of the commodity to increase. Though the quantity demanded will be the same.
Answer:
This is a situation of derived demand. The demand for electronics is derived from that of rare earth metals.
So if the price of extraction of rare earth metals increases, supply will not meet demand, prices of rare earth metals will go up.
Since demand for electronics is derived from that of rare earth metals, the price of electronics will go up to accommodate the price change of the rare earth metals.
Explanation:
Answer:
Entries are given below
Explanation:
The entry that should be made on January 1 would be
Cash 501,600(w1) Debit
Premium on bonds 61600(w2) Credit
Bonds payable 440000 Credit
<u>Working 1 </u>
Cash proceeds = $440,000/100 x $114
Cash proceeds = $501600
<u>Working 2 </u>
Premium = selling price of bond - Face value of the bond
Premium = $501,600 - $440,000
Premium = 61600
Answer:
VIGELAND COMPANY
Journal Entries
Date Description DR CR
Jan 15 Merchandising Inventory 14,400
Cash 14,400
Being record of inventory purchase
April 1 Cash 708,000
14% Note payable 708,000
Being the record of note payable issued
June 14 Bank 26,000
Unearned Income 26,000
Being the record of deposit received
July 15 Unearned Income 2,850
Service Revenue 2,850
Being the payment for the services rendered
Dec 12 Electricity bill payable 26,760
Electricity bill expenses 26,760
Being the unsetled bill for the year
Dec 31 Wages payable 29,000
Wages Expenses 29,000
Explanation:
