Answer:
Credit to Interest Revenue for $3,100
Explanation:
Date Account Titles and Explanation Debit Credit
Dec 31. Cash ($62,000 * 10% * 6/12) $3,100
Interest Revenue $3,100
(To record interest revenue for the semi
annual period ended December 31, 2018)
Answer:
either the selling price decreases or the total output decreases
Explanation:
The firm's income statement:
total sales revenue = $120,000
minus total variable costs = ($72,000)
<u>minus total fixed costs = ($15,000) </u>
net profit = $33,000
The long run equilibrium for a monopolistically competitive firm occurs when the firm is making no economic profit since it is charging a price = average total cost.
In this case the average total cost per unit = $6 per unit + ($15,000 / 12,000 units) = $7.25 per unit
Since the firm is currently charging a higher selling price than average total cost ($10 > $7.25), one or two things might happen in the long run:
- selling price will decrease
- output will decrease
Answer:
A market index is an indicator of the price movement of a certain sector in an economy. Statistical measures are used to average and calculate these numbers. Consumer price index, down Jones industrial average and s&p 500 are the most famous indices.
These factors affect the stock prices,
market performance
the company’s financial health
the economy
Overall market and industry performance allomg with.the functioning capacity of the overall economy has a tremendous impact on the stock prices as well. Mainly it affects the foreign investments.
Explanation:
Answer:
Option A; 2.5
Explanation:
Average Accounts Receivable =
<u>Accounts Receivable(Opening) + Accounts Receivable (Closing</u>
2
<u>$220,000+$340,000</u>
2
$280,000
Vici's Receivables Turnover Ratio 2009= <u>Credit Sales</u>
Average Accounts Receivables
Credit Sales= $1000,000×70%=$700,000
Accounts Receivables Turnover Ratio=<u> 700,000</u>
280,000
A. 2.5
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Answer:
wages and salaries activity variance= $1,000 unfavorable
Explanation:
Giving the following information:
Standard:
Fixed= $1,230
Variable= $240 er birth
Actual:
101 births.
The actual wages and salaries for the month was $26,470.
To calculate the activity variance for wages, we need to use the following formula:
wages and salaries activity variance= (actual costs - standards costs)
standards= 1,230 + 240*101= $25,470
wages and salaries activity variance= (26,470 - 25,470)
wages and salaries activity variance= $1,000 unfavorable