Answer:
The correct answer is the option A: the price of canned beans.
Explanation:
To begin with, the term known as <em>"ceteris paribus"</em> in the field of economics refers to the situation where in a formula or function every variable stays the same and that means that they remain constant and just one variable is altereted, which in this case is the most important and influential variable in the equation, therefore the price is the one that does change because of the huge impact and influece it has in the function of the demand in this case. The other variables, like the income of the consumers, and the cost of the production of the canned and the price of other product does influece in the equation but not as much as the price and that is why when in "ceteris paribus" those variable are constants.
Answer and Explanation:
The computation is shown below;
1. The willing amount to pay for the promise should be less than $20 that represents the time value of money
2. Now the present value is
= Received amount × discounting factor at 6% for 3 years
= $1,000 × 0.839
= $839
3. Now the interest rate is
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$1,000 = $863.84 × (1 + rate of interest)^3
rate of interest =5% approx
Answer: -36
Explanation:
The 2018 cash from financing activities for Grove Analytics will be calculated as:
Issued short term debt = 22 - 20 = 2
Add: Issued long term debt = 60 - 48 = 12
Less: Purchase of treasury stock = 10
Add: Issue of common stock = (40 - 13 - 25) = 2
Less: Dividend paid = (44 + 93 - 95) = 42
Net cash used by financing activities = -36
Answer:
Encouraging private businesses to actively recruit and promote employees
Explanation:
An affirmative action is a strategy that is taken whereby an individual's color, race, sex, religion or national origin are taken into consideration to raise the opportunities provided to a part of society that is not well represented.
By giving MSU preferential access to government contracts, The affirmative strategy employed here is Encouraging private businesses to actively recruit and promote employees.
Answer:
Retained earnings......................Dr $22,000
Dividend expense $22,000
Explanation:
There are two accounts, temporary and permanent accounts. Temporary accounts such as dividends and revenue need to be closed and charged against permanent accounts at the end of reporting period. This is done to estimate the total earnings of the firm during the period.
Dividends are charged to permanent account, retained earnings. Following is the closing entry:
Particulars Debit Credit
Retained earnings $22,000
Dividend expense $22,000
(Dividends expenses closed
by charging to retained earnings)