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4 years ago

The rules, or guidelines, for people to follow when using software are called:

1 answer:

5 0

<span>The rules, or guidelines, for people to follow when using software are called procedures. Procedures are the established way of doing something, such as a surgical operation.</span>

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Assume that demand for a service depends upon price and income, where the price elasticity of demand is Ep = –0.6 and income ela

Komok [63]

Answer:

Increase by 4.8%

Explanation:

The 4% price reduction will cause an increase in demand by 2.4%.

$\Delta Q/Q=\epsilon_p*\Delta P/P=(-0.6)*(-0.04)=0.024$

The 2% rise in income will cause an increase in demand by 2.4%

$\Delta Q/Q=\epsilon_I*\Delta I/I=(1.2)*(0.02)=0.024$

If we take into account both variations and add them, we have an increase in demand by 2.4%+2.4% = 4.8%

4 0

4 years ago

Bombeck Inc. has the following transactions during August of the current year. Indicate (a) the effect on the accounting equatio

Ksenya-84 [330]

Answer: Please see answers in explanation column

Explanation:

Date Accounts titles and explanation Debit Credit

Aug 1 Cash $5000

Common Stock $5000

--Since this is an investment by the owner of the business . When the business is gaining cash, it is being debited as it is an asset which is always debited with increase. Also there will be an increase in the owner's Equity Account leading to crediting the Common stock (equity) account.

Date Accounts titles and explanation Debit Credit

Aug 4 Prepaid Insurance $1800

Cash $1800

--The insurance paid in 6 months advance is an asset for the business. As stated above when asset increases, it is debited in the account journal So, prepaid insurance account is being debited . Also,since cash is being reduced as it is used for payment for insurance, it is credited in the accounts journal.

Date Accounts titles and explanation Debit Credit

Aug 16 Cash $1,900

Service Revenue $1,900

--The amount of $1,800 is the revenue for service rendered and since it is an equity account which increased revenue, we credit it. Also, since cash is being received, because it is an asset, debit is recorded on the cash account.

Date Accounts titles and explanation Debit Credit

Aug 27 Salary Expense $1000

Cash $1000

--Payment of salary is an expense to any business and paid from the business Cash Account causing a decrease in the Cash, since Cash is referred to an asset , because of its decrease, we credit the Cash Account. Also, the salary expense account is debited because it is increasing

7 0

3 years ago

Bond valuation [LO14-2] Your investment department has researched possible investments in corporate debt securities. Among the a

Sonbull [250]

Answer:

Bond Valuation

Other things being equal, the bond issue that offers the most attractive investment opportunity if it can be purchased at the prices stated is:

= BB Corp. bonds.

Explanation:

a) Data and Calculations:

Maturity period = 20 years

Issue date = January 1, 2021

Maturity date = December 31, 2040

Company Bond Price Stated Rate Annual Interest FV

1. BB Corp. $ 107 million 15 % $15 million $3,518,371,301.23

2. DD Corp. $ 100 million 14 % $14 million 2,827,106,832.58

3. GG Corp. $ 93 million 13 % $13 million 2,260,756,079.53

From an online financial calculator, the future values of the bonds are:

N (# of periods) 20

I/Y (Interest per year) 15

PV (Present Value) 107000000

PMT (Periodic Payment) 15000000

Results

FV = $3,518,371,301.23

Sum of all periodic payments $300,000,000.00

Total Interest $3,111,371,301.2

N (# of periods) 20

I/Y (Interest per year) 14

PV (Present Value) 100000000

PMT (Periodic Payment) 14000000

Results

FV = $2,827,106,832.58

Sum of all periodic payments $280,000,000.00

Total Interest $2,447,106,832.58

N (# of periods) 20

I/Y (Interest per year) 13

PV (Present Value) 93000000

PMT (Periodic Payment) 13000000

Results

FV = $2,260,756,079.53

Sum of all periodic payments $260,000,000.00

Total Interest $1,907,756,079.53

8 0

3 years ago

Sparty Corporation has provided the following information for its most recent year of operation:

Wewaii [24]

Answer:

E. $40,600

Explanation:

Calculation for the amount of net income reported on Sparty's income statement

Revenue $97,000

Less: Operating Expenses $39,000

Profit Before Tax $58,000

(97,000-39,000)

Less Taxes $17,400

Net Income $40,600

($58,000-$17,400)

Therefore the amount of net income reported on Sparty's income statement will be $40,600

7 0

3 years ago

The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows fro

Sophie [7]

Answer:

Balance of payments (BOP)

Explanation:

The balance of payments is referred to details of the transaction that held between two entities either in the same country or outside the country of a particular time period.

when the transaction was done for another country, there is a deduction of credit from the balance of payment and when transaction was done for the same country then credit is added to the BOP

8 0

3 years ago