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Degger [83]
2 years ago
13

​________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in sma

ll quantities.
Business
1 answer:
konstantin123 [22]2 years ago
5 0

Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.

The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.

By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

Learn more about intermediaries here : brainly.com/question/25736500

You might be interested in
The Green Fiddle is considering a project with sales of $86,800 a year for the next four years. The profit margin is 6 percent,
-Dominant- [34]

Answer:

This project should be rejected  because the AAR is 10.68 percent.

Explanation:

The accounting rate of return of the project needs to computed,compared with the required accounting rate of return  in order to decide whether the project should accepted or rejected:

Profit margin=$86,800*6%=$5208

Average operating assets=($97,500+$0)/2=$48.750

Accounting rate of return=profit margin/average operating assets*100

Accounting rate of return=$5,208/$48,750*100=10.68%

The project accounting rate of return is lower than the required accounting rate of return,hence the project should be rejected.

8 0
3 years ago
If total deposits in bank A total $15 million and the required-reserve ratio is 10 percent, than excess reserves equal:_______
victus00 [196]

Answer:

$13.5 million  

Explanation:

Fractional Banking System- This is banking system where banks are required by the central banking authority to keep a certain percentage of their total deposit as the minimum reserve which they cannot lend out.

The idea behind this requirement is to help manage liquidity risk- a situation where a bank does not have enough cash to meet its deposit customers demand.

Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.

Therefore the required reserve for this bank = 10% ×$15 million= $1.5 million

Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.

It is calculated as = Total deposit - Required reserve

So we apply this to our question

        Excess reserve = $15 million - (10% × $15 million)

                               = $15 million - $1.5 million

                              = $13.5 million

7 0
3 years ago
You are preparing a presentation on networking for a professional development seminar that your company is hosting for its emplo
Stells [14]

Answer:

  1. c. Any pattern, particularly with audience involvement
  2. a. Warm, pleasant, and open

Explanation:

As this is a follow-up presentation, it would be best to find out how the participants have fared in relation to the subject since the last presentation. For this reason, the main focus is audience involvement so any patter is fine so long as audience participation is emphasized.

The delivery style that would best work here is a warm, pleasant and open one. This would encourage audience involvement and it can be more easily pulled off because you have good relationships with all the registered participants.

5 0
3 years ago
How do entrepreneurs contribute to nation economically
Finger [1]
Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.
3 0
3 years ago
upola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest
maks197457 [2]

Answer:

See the journal entries below.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.

Required: Prepare the journal entries to record the (a) issuance of the bonds, (b)the payment of interest and (c) amortization of debt issue costs on December 31, 2021 & June 30, 2022, and the (d) call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The explanation of the answer in now given as follows:

(a) issuance of the bonds

The journal entries will look as follows:

<u>Date               Accounts Title $ Explan.       Debit ($)       Credit ($)       </u>

30 Jun. ’21     Cash (w.1)                              383,500

                          Bonds Payable                                          383,500

<u><em>                        (To record the issuance of Bonds.)                                    </em></u>

(b)the payment of interest

The journal entries will look as follows:

<u>Date               Accounts Title $ Explan.       Debit ($)       Credit ($)       </u>

31 Dec. ’21     Interest Expense                      20,825

                        Bonds Payable (w.5)                                         825

                        Cash (w.2)                                                    20,000

<em><u>                       (To record the Interest Expense.)                                      </u></em>

30 Jun. ’22     Interest Expense 20,825

                          Bonds Payable (w.5)                                      825

                          Cash (w.2)                                                 20,000

<u><em>                         (To record the Interest Expense.)                                     </em></u>

(d) call of the bonds

The journal entries will look as follows:

<u>Date               Accounts Title $ Explan.       Debit ($)        Credit ($)       </u>

01 Jul. ’22       Bonds Payable (w.1)                385,150  

                       Loss on Bonds retired (w.7)       9,850

                         Cash                                                            $395,000

<u><em>                        (To record the bonds retired early.)                                   </em></u>

<u>Workings:</u>

w.1: Cash received = Bonds Payable = Amount the bond is issued - Debt issue costs = $385,000 - $1,500 = $383,500

w.2: Interest Expense= Bond face value * Bond rate * (Number of months in semiannual / Number of months in a year) = $400,000 * 10% * (6/12) = $20,000

w.3: Total cost on Bonds Payable issued = (Bond face value - Amount the bond is issued) + Debt issue costs = ($400,000 - $385,000) + $1,500 = $15,000 + $1,500 = $16,500

W.4: Annual cost amortization = Total cost on Bonds Payable issued * Bond rate =$16,500 * 10% = $1,650

w.5: Semiannual cost amortization = Annual cost amortization * (Number of months in semiannual / Number of months in a year) = $1,650 * (6/12) = $825

w.6: Total amount Payable on Bonds = Cash received from w.1 + Semiannual cost amortization on 31 December 2021 + + Semiannual cost amortization on 30 June 2022 = $383,500 + $825 + $825 = $385,150

w.7: Loss on retirement of Bonds = Amount the bond is retired - Total Amount Payable on Bonds = $395,000 - $385,150 = $9,850

5 0
2 years ago
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