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ozzi
3 years ago
12

dentify the statement below that is incorrect. Multiple Choice The normal balance of accounts receivable is a debit. The normal

balance of dividends is a debit. The normal balance of unearned revenues is a credit. The normal balance of an expense account is a credit. The normal balance of the common stock account is a credit.
Business
1 answer:
natali 33 [55]3 years ago
6 0

Answer: The normal balance of the common stock account is a credit.

Explanation:

Based on the information given, the correct statements are:

• The normal balance of accounts receivable is a debit.

• The normal balance of dividends is a debit.

• The normal balance of unearned revenues is a credit.

It should be noted that the statement that "The normal balance of an expense account is a credit" is incorrect. The normal balance of the common stock account is not a credit but rather a debit.

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A government-set price floor on a product rev: 05_07_2018 Multiple Choice will drive resources away from the production of the p
Salsk061 [2.6K]

Answer:

will attract more resources towards the production of the product

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.

If price were set below equilibrium price (the price floor is non-binding) there would be shortages as quantity demanded would exceed quantity supplied

price floor benefits sellers

Due to increased profitability as a result of the high price as a result of price floor, there would be a resource flow into that industry

6 0
3 years ago
Suppose the cost of capital of the Gadget Company is 10 percent. If Gadget has a capital structure that is 50 percent debt and 5
myrzilka [38]

Cost of equity capital is closest to: 16 percent

Solution:

WACC is covered on page 120 Corporate Finance, under Capital Structure.

Using the standard equation for WACC = %wt Equity x cost of equity (re) + %wt Debt x cost of debt (rd).

Since there is a 20% tax rate for the firm, the cost of borrowing is reduced by that amount. So the cost of debt is 4%, not 5%.

Plug the formula: 10% = 50% x re + 50% x 4%

The formula ( i.e. 0.1+(0.1-0.05)(1)(1-0.2)) in CFAI reading is questionable.

The calculation is 0.1+(0.1-0.05*(1-0.2))*(1)=16%

7 0
3 years ago
In economics, the term productivity refers to:
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Answer: it’s the amount of output compared to the input needed to create something

Explanation:

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7 0
3 years ago
The discount yield on a T-bill differs from the T-bill's bond equivalent yield (BEY) because I. the discount yield is the return
abruzzese [7]

Answer:

the base price used is the face value of the security and not the purchase price of the security and ii) a 360-day year is used. The bond equivalent yield uses a 365-day year and the purchase price, rather than the face value of the security, is used as the base price. Treasury bills are quoted on a discount yield basis.

Explanation:

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3 years ago
(50 pts) Which of the following statements concerning price indexes is not accurate?
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<em>Price indexes define the cost of goods in the entire economy at a given point in time.</em>

<em />

A price index is a scale used to measure changes in the levels of prices. This is a percentage scale that can be either based on prices of a single good or an entire market basket. This is only a small-scale index, not representative of an entire economy.

4 0
3 years ago
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