Answer:
The amount of each semiannual interest payment is: $6,300
Explanation:
The semiannual interest payment of the bond is also known as the <em>coupon payment</em> of the bond and is calculated as follows :
Semiannual interest payment = ($140,000 × 9%) ÷ 2
= $6,300
Answer: Estes and Fortis
Explanation: Product liability suit is the region of legislation in which producers, distributors, suppliers, dealers, and others who make commodities accessible or lease products to the public are held accountable for harms those products cause.
The negligence could occur in the production operation involving low -quality materials, design negligence when the commodity is naturally hazardous or useless hence inadequate despite the care applied when producing it or marketing negligence when the important product instructions and warnings are not given prior to the usage. In this case, Dig Deep Inc. is liable to Estes and Fortis for the injury they sustained from using their product, backhoe.
Answer:
The amount Nenn debited to write off of actual bad debt is $36,000
Explanation:
Allowance for Uncollectible beginning = $200,000
Allowance for Uncollectible at the end = $190,000
Bad debt expense reported = $26,000
Amount Nenn debited to write off of actual bad debt = $200,000 + $26,000 - $190,000 = $36,000
Answer:
A
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
price setting firms
product differentiation
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve
<span>Workers or departments that perform similar tasks may be grouped together in a Process layout.</span>
