Answer:
Explanation:
The supply function of pork Q = 178 + 40p - 60p_h
When the price of hog is 1.50:
Q = 178 + 40p - 60(1.50)
= 178 +40p -90 = 88+40p
When the price of hog increases to 1.90:
Q = 178 + 40p - 60(1.90)
= 178 +40p - 114 = 64+40p
Accounts receivable and notes receivable
Answer:
decisional
Explanation:
She is playing a decisional role in the above scenario since she has to make the necessary arrangements and arguments and select the best possible price for the given scenario.
Production would cease. i hope this helps you (;
Answer:
1.
February 1 Cash $330000 Dr
Notes Payable $330000 Cr
2.
July 31 Interest expense $16500 Dr
Interest payable $16500 Cr
Aug 1 Notes Payable $330000 Dr
Interest Payable $16500 Dr
Cash $346500 Cr
Explanation:
1.
The issuance of note payable against cash will require the cash account to be debited and notes payable, which is a liability, to be credited.
2.
The interest on note payable for 6 months will become due and will be recorded on 31 July. The interest expense and interest payable accounts will be used.
The interest for 6 months is = 330000 * 0.1 * 6/12 = $16500
On 1 August, when the note and interest payable is paid, the cash will be credited by the sum of notes payable and interest payable accounts.
