Answer:
C. $440 million liquidity surplus
Explanation:
The computation of the expected liquidity deficit or surplus is shown below:
= Liquidity deficit × probability + liquidity deficit × probability + liquidity surplus × probability + liquidity surplus × probability
= -$400 million × 10% + -$900 million × 20% + $600 million × 30% + $1,200 million × 40%
= -$40 million - $180 million + $180 million + $480 million
= $440 million liquidity surplus
The surplus amount displayed in positive amount whereas deficit amount displayed in negative amount
Answer:
True
Explanation:
Supplies account is a current asset and has a normal debt balance. It is shown on the assets side of the balance sheet under the sub-head 'current assets'.
Given,
Opening balance = $1,500
Purchased supplies = $4,500
Closing balance = $500
Closing balance = Opening balance + Purchased supplies - Supplies used
$500 = $1,500 + $4,500 - Supplies used
Supplies used = $6,000 - $500
Supplies used = $5,500
The used supplies are recorded as an expense for the period. Thus, the supplies (as an asset account) decrease whereas the used supplies (supplies expense account) increase.
Thus, the adjusting entry would be:
Supplies expense Dr. $5,500
To supplies $5,500
With prestige products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
A product is something that can be supplied to a market in order to satiate a customer's need or desire. In case of marketing, a product is an item or service which is made accessible for consumer utility in response to their demand. Products are also sometimes found in form of merchandise in the retail sector, or they are purchased as raw materials and then made into finished things in the manufacturing sector. The most common types of commodities are basic materials which includes metals or agricultural goods, but can also include anything that is readily available in the open market.
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Answer: Mortgage
Explanation: Mortgage is a legal debt instrument signed by a borrower to the lender for credit to purchase a property.
Mortgage is a secured loan which the security is the property being bought.
On the event of non payment of the loan, the property is sold and money realised is used in paying the lender the principal amount as well as accrued interest on the loan.