Answer:
$105,547
Explanation:
Original cost of machine = $270,000
Machine sold for = $150,000
Book value = $120,000
Down payment = $30,000
$60,000 payable on December 31 each of the next two years
.
Present value of an ordinary annuity of 1 at 9% for 2 years = 1.75911
The amount of the notes receivable net of the unamortized discount:
= Amount paid on December 31st × Present value of an ordinary annuity
= $60,000 × 1.75911
= $105,547
Answer:
4) the price of the good changes.
Explanation:
A movement along the supply curve means that the supply relationship remains consistent. Therefore, a movement along the supply curve will occur when the price of the good changes and the quantity supplied changes in accordance to the original supply relationship. In other words, a movement occurs when a change in quantity supplied is caused only by a change in price, and vice versa.
After the ban on cigarette advertising, the total costs incurred by cigarette companies increased and the prices of cigarettes also increased.
<h3>What is advertising?</h3>
The process of making people and the society at large aware about a product, which is available to be brought in the market, is known as advertising.
Cigarette advertising was banned in order to curb the negative impacts of smoking addiction of impressionable youth in the society. As a result, the production costs went higher as it impacted the prices of cigarettes.
Hence, option C holds true regarding advertising.
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Answer:
Explanation:
1) We should short the contracts because we want to hedge our position in response to the expected downturn in the market, to neutralize our position we need to short the contracts.
When quantity supplied exceeds quantity demanded, a shortage exists.
<h3>What happens when quantity supplied exceeds quantity demanded?</h3>
- If more people want a good or service than can be supplied at the going rate, there is a shortage, which pushes prices up.
- With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply.
- The only price at which the quantity provided and the amount demanded are equal is at the equilibrium.
- Quantity supplied exceeds quantity sought at a price above equilibrium, such as 1.8 dollars, leading to an excess supply.
- When the quantity given and demanded are equal, an equilibrium is reached. The amount demanded will exceed the quantity provided if the price is below the equilibrium level. A shortage or an excess of demand will exist.
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