Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2020, for $50,000. The bonds pay interest se
1 answer:
Answer: Check attachment
Explanation:
The journal entries to record the transactions described above has been attached.
On 1st, January 2020, debt investment was debited by $50000 and cash was credited by $50000.
On 31st December 2020, interest receivable was debited by $6000 and interest received was credited by $6000.
On 1st January, 2021, Cash was debited by 6000 and interest received was credited by 6000.
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The factor that would not affect the position of the supply curve for cranberries is the popularity of cranberry drinks.
The supply curve is a graph that shows the relationship between price and the quantity supplied. The supply curve is positively sloped. A change in the position of the supply curve can either be an outward shift or an inward shift. An outward shift indicate an increase in supply and an inward shift indicates a decrease in supply.
An increase in the price of agricultural land and the cost of fertilizers increases the cost of producing cranberries . This would lead to an inward shift of the supply curve. On the other hand, a decrease in the price of agricultural land and the cost of fertilizers would lead to an outward shift of the supply curve.
The development of a new pest control for cranberry production would lead to an outward shift of the supply curve as more cranberries can be produced.
Please check the attached image for a graph showing an increase in supply. To learn more about the supply curve, please check: brainly.com/question/1915798
