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boyakko [2]
3 years ago
5

Shortcomings definition of economic​

Business
1 answer:
attashe74 [19]3 years ago
6 0

Explanation:

the study or principles of the way money, business and industry are organized

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On July 1, Goblette Company sold some machinery to another company. The two companies entered into an installment sales contract
malfutka [58]

Answer:

The value of all future payments discounted by the interest rate

Explanation:

Since the purchase of the asset is by installments to be paid in the future. The present value to be recognized is the sum of the future payments discounted at the predetermined interest rate.

The first payment due now will not have to be discounted but future payments will have to be discounted to ascertain the present value of the asset to be recognized in the balance sheet.

7 0
3 years ago
Read 2 more answers
The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021
sveticcg [70]

Answer:

The Underwood Corporation

Journal Entries for 2021 and 2022:

June 12, 2021:

Debit Accounts Receivable $33,200

Credit Service Revenue $33,200

To record the provision of services to customers on account.

September 17, 2021:

Debit Cash Account $18,500

Credit Accounts Receivable $18,500

To record the receipt of cash on account.

December 31, 2021:

Debit Uncollectible Expense $6,615

Credit Allowance for Doubtful Debts $6,615

To record 45% of accounts receivable estimated as uncollectible.

March 4, 2022:

Debit Accounts Receivable $48,200

Credit Service Revenue $48,200

To record the provision of services to customers on account.

Explanation:

a) Data and Calculations:

Accounts Receivable balance = $14,700 ($33,200 - $18,500)

45% of balance estimated as uncollectible = $6,615 (14,700 * 45%)

b) The Underwood Corporation uses the general journal to record transactions that occur on a daily basis.  The journal identifies the accounts for each transaction and the ones to be debited and credited respectively.

7 0
2 years ago
Read 2 more answers
Which pricing objective de-emphasizes price and can lead to a climate of nonprice competition in an industry?
d1i1m1o1n [39]

Status quo pricing objective de-emphasizes price and can lead to a climate of nonprice competition in an industry. Status quo—seeks to maintain a consistent level of profit made from a certain product by keeping your product pricing comparable to those of the same or similar items sold by your competitors in order to avoid beginning a price war.

The soft drink industry is an often used illustration of status quo pricing. Be it a Pepsi or a Coca-Cola product, the cost of a bottle of soda tends to be quite constant. Coca-Cola and Pepsi often represent the status quo in terms of pricing.

To learn more about quo pricing, click here.

brainly.com/question/15064402

#SPJ4

7 0
1 year ago
According to the​ crowding-out effect, if the federal government increases​ spending, the demand for money and the equilibrium i
andrey2020 [161]

Answer:

a. increase; decrease

Explanation:

The crowding-out effect is one where public spending intended to increase spending in the economy (ie. aggregate demand, and thus stimulate the economy) results in less private spending, causing aggregate demand to increase less than the increase in public spending.

The reason is because as government spend they have to use money. That will raise demand for money, causing the its price (interest rate) to increase. Because money becomes more valuable (people have to forgo higher interest rate to spend their money or pay higher rate to borrow) there will be less spending on consumption and investment. Higher interest rate also causes net exports to decrease (more imports less exports).

4 0
3 years ago
For a bond issue that sells for more than the bond face amount, the effective interest rate is: Multiple Choice Less than the ra
pav-90 [236]

Answer:

First answer

Explanation:

Bond interest rate is related to current interest rates and the perceived risk of the issuer. Therefore, if the bond sells at a price that is higher than its face value, it sells at the rate that is higher than effective interest rate. If the coupon rate is higher than market rate, bond prices tend to go higher. Coupon rate influence bond's price by influencing its competitiveness and value in the open market.

5 0
2 years ago
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