Answer:
$6,164
Explanation:
Given that,
Interest rate = 30%
Income earned from January 1 to January 15 = $20,000
Total income earned from January 1 through December 31, 2019 = $500,000
Therefore, the income does Carin report is calculated as follows:
= Total income × Time period × Interest rate
= $500,000 × (15 days ÷ 365 days) × 30%
= $500,000 × 0.041 × 0.3
= $6,164.38 or $6,164
Answer:
$5,775
Explanation:
The computation of the interest payment is shown below:
= Note payable amount × rate of interest × number of months ÷ total number of months in a year
= $110,000 × 9% × 7 months ÷ 12 months
= $5,775
We simply multiplied with the note payable , interest rate, and the given number of months to find out the interest expense
And, the seven months is calculated from June 1, 2013 to December 31, 2013
Answer:
d.income statement immediately after income from continuing operations.
Explanation:
We should look at what the accounting principles and normatives threatment suggest.
As the firm should firm indicate the resulf the going business the discontinued operation should be disclosure separately from it. Thus, once complete the disclosure of the continued operation the firm should post the loss on this discontinued operation
Answer:
The correct answer is Three.
Explanation:
Opportunity cost is defined as what it costs us to decide on a decision and what it costs us to carry it out. In this case Esther produces 6 hamburgers per hour and Ebenezer 3; if it were decided to choose the latter, they would stop producing 3 hamburgers since Esther produces double. This would be the opportunity cost.
Answer:
The answer is A.
Explanation:
A perfectly competitive factor market can be defined as a perfectly competitive market where all the products produced by different manufacturers are the same, the product cost and the price of the product are known to all parties etc.
Imperfect information in economics refers to a situation where the information among different parties such as manufacturer, consumer etc is not equal and balanced.
The correct answer among the given options is A, hiring workers that have earned good grades in college to make up for the information imbalance and overcome the imperfect information problem.
I hope this answer helps.