Answer:
The correct answer is option A.
Explanation:
A decrease in the demand for a product will cause the demand curve to shift to the left. At the same time, an increase in the supply of the product will cause the supply curve to shift to the right.
In such a situation the change in the equilibrium quantity cannot be predicted. It depends on the magnitude of change in demand and supply.
If the proportionate decrease in demand is more than the increase in the supply of the product, the equilibrium quantity will decrease.
If the increase in supply is more than the decrease in demand, the equilibrium quantity will increase.
If the proportionate increase in supply is equal to a proportionate decrease in demand, the equilibrium quantity will remain the same.
Answer:
Cash interest paid to the bondholders in 2016 is $9,000
Explanation:
The cash interest paid on the bond can be ascertained using the below coupon amount formula:
cash interest=face value*coupon rate
face value of the bond is $100,000
coupon rate is 9%
cash interest=$100,000*9%=$9,000
The cash account would be credited while interest expense is debited with $9000 plus amortization of premium on bonds
Answer:
A
Explanation:
The correct answer is:
A. Accounts Payable 2,000 Cash 2,000
Answer: False
Explanation:
When an item is vague, it means the item is unclear and not really having a specific direction.
The job objectives needs to be clear in describing what the job applicant seeks to achieve in a job and the kind of skills the applicant possesses that make him the best fit for the job being applied for.
Job objectives can be drafted in such a way as to meet up with the demands of each job being applied for.
Answer: Please refer to the explanation section
Explanation:
Loss from operations = $500 000
Loss (sale of assets) = $1000 000 - $800 000 = $200 000
Income from continuing operations after tax = $2000 000, Therefore income from continuing operations before tax is equal to $200 000 x 100/60 = 3 333 333.333
Net Income before tax = 3 333 333.333 - 500 000 - 200 000
Net Income before tax == 2633 333.333
Net Income After Tax = 2633 333.333 x 60/100 = $1580 000
Income Statement
Income from continuing operations 3 333 333.333
Loss from operations - 500 000
Loss from sale of assets <u>- 200 000</u>
Net Income before Tax 2633 333.333
Taxation <u>-1053 333.333</u>
Net Income 1580 000
