Answer:
Option B. Equity Investments is debited for $372,000
Explanation:
The initial journal entry to record the equity Investment will be treated same as purchase of an asset, which means the equity Investment account will be debited with the amount paid and the cash account will be credited with an equal balance.
Dr Equity Investments (6,000 * $62 per share) $372,000
Cr Cash Account $372,000
Answer:
Average cost units in inventory=$1,205
Explanation:
August 8
Weighted average cost in August 8
=( (2 × 100 )+ (3 × 250))/5=$190
Cost of goods sold in August 15 = 190× 3= 570
Balance in inventory in August 15 = 950
- 570 =380
Weighted average cost in August 25 = 380 + (3* 275)/(2+3)= 241 per
Average cost of units = $241 per unit
Average cost units in inventory in August 25= $241×5
=1205
Average cost units in inventory=$1,205
Answer:
$8,770.00
Explanation:
In this question we use the present value formula i.e shown in the attachment below:
Data provided in the question
Future value = $0
Rate of interest = 0.48%
NPER = 4 years × 12 months = 48 months
PMT = $205
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be $8,770.00
Establishing prices for razor blades that must be used with a razor blade system is known as captive-product pricing. Captive products are used for businesses to help maximize their revenue. Captive products are usually set at a high price whereas core products are set at a low price. The company attracts customers when they purchase the core products at a low price but make their large profits off of captive products set at high prices.
Answer:
A) are so many buyers and so many sellers that each has a negligible impact on the price of the product.
Explanation:
A competitive market or a perfect competition market is characterized by having many suppliers and many consumers, and the products and services offered are similar and substitute to each other. This results in every seller and every consumer being a price taker, since no seller or consumer is large enough to influence the equilibrium price.
