Answer:
The correct statements about credit sales are:
- Accounts receivable arise from credit sales
- Accounts receivable should be reported at net realizable value.
- Revenue is reported when the company fulfills its promise to transfer control of a good or service to a customer
<u>Part A</u>
<u />
<u>Answer:</u>
$207,021
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<u>Explanation:</u>
The balance on the account at the end of the year 2020 is $1,000,000
The question asks us to calculate the balance on the account at the end of the year 1970, which is exactly 50 years ago.
We would simply discount the $1,000,000 by using an interest rate of 3.2%
=
= $207,021
<u>Part B</u>
<u></u>
<u>Answer:</u>
$17,892.88
<u>Explanation:</u>
We have the value at year 1970 which is $207,021
Now to calculate the annual payment (PMT) we would plug the following values in the financial calculator,
PV = 0
N = 10
FV =207021
I/Y = 3.2
PMT = ?
PMT = $17,892.88
https://www.calculator.net/finance-calculator.html?ctype=contributeamount&ctargetamountv=207021&cyearsv=10&cstartingprinciplev=0&cinterestratev=3.2&ccontributeamountv=1000&ciadditionat1=end&printit=0&x=102&y=11
Answer:
The overview of the given statement is described in the explanation segment below.
Explanation:
<u>Monopoly Market:
</u>
-
The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
- Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).
<u>Perfectly Competitive Market:
</u>
- The price shall be calculated whenever market forces are equivalent.
- The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.
Thus,
⇒ 
Hence,
⇒ 
Answer:
19%
Explanation:
Given that,
Nominal GDP in 2010 = $200 billion
Nominal GDP in 2009 = $180 billion
GDP deflator in 2010 = 125
GDP deflator in 2009 = 105
Percentage change in prices:
= Percentage change in GDP deflator
= (Change in GDP deflator ÷ GDP deflator in 2009) × 100
= [(125 - 105) ÷ 105] × 100
= (20 ÷ 105) × 100
= 0.19 × 100
= 19%
Therefore, the prices increases by 19%.
Options:
a.
cannot say for sure
b.
beta
c.
alpha
d.
zero
Answer:
B. Beta
Explanation:Excess returns is a term used in Financial accounting to describe how well an investment fund has either over-performed or under-performed against the standards through which the investment fund is compared,excess fund is also known as ALPHA.
Beta percent is a term used to describe how risky an investment portfolio is compared to other Investments, IT IS A VITAL TERM IN DETERMINING WHICH FUTURE DECISIONS WILL BE TAKEN.