Answer:
d. All of these answer choices are correct.
Explanation:
Intangible assets with an indefinite life are not amortized over the years although they are checked impairment loss that may have occurred during the year.
Intangible assets which have indefinite life provide cash flow for endless years. An example would be goodwill.
Answer:
2,558,000 bottles
Explanation:
The formula for computation of the purchase is:
Purchase in units = Usage + Desired ending material inventory units − Beginning inventory units.
In format that will be:
Beginning inventory 54,000
Plus: Purchases.........2,558,000
Less:ending inventory <u>77,000</u>
Required For Use......<u>2,535,000</u>
Hence the number of bottles to be purchased in 2018 is 2,558,000
Answer:
Explanation:
unearned rent 6000 (debit)
Rent revenue. 6000 (credit)
to record 2 months of realized rent revenue
$42.25
- trade prices that are shown on the tape DO NOT include commission.
Answer:
Nominal Interest rate
Explanation:
According to liquidity preference theory, money supply and money demand are balanced by adjustments of Nominal Interest rate. Suppose you have some money, you will decide to either keep it in cash or in the bank. If you keep the money in cash, the opportunity cost of keeping in cash is the interest rate earned if you would have kept the money in the bank. Bank offers the nominal interest rates and not the real interest rates. Bank rates are not adjusted for inflation. So if the interest rate on money increases the opportunity cost of holding money in cash increases. If money supply in the economy increases the demand for money will increase only by reducing the interest rate because then only people fir hold cash and demand higher money. So, money supply and money demand are balanced by adjustments of the Nominal Interest rate.
