He also thinks that he could collect a group of consumers and interview them personally to understand their opinions.
This is the answer because in the primary market research you find people to do it for you and getting a group involves other people.
Answer:
The answer is B. I think.
Explanation:
Answer:
The correct answer is letter "C": there is some government influence over the workings of the free market.
Explanation:
A mixed economic system combines aspects of capitalism and socialism. A mixed economy is designed to drive economic activity through capitalists ventures while money is collected via taxation to maintain a nation's infrastructure and offer public services such as primary education, social welfare policies, and health insurance. It is said mixed economies have a free market but the government puts hands on it to provoke the free-market atmosphere.
"There are fewer close substitutes for the product your team supports" will improve your bargaining position with customers.
Option: B
Explanation:
Bargaining is the procedure which is preferred by citizens not only with street shops but it is famous internationally too, where defense, economic trade deal, etc are signed between two different nations to corporate and shake hand of unity. Bargaining is more effective when one allow seller to know that the party itself have more substitutes if the product is not provided by the seller in appropriate rate.
For an instance, if India need to buy some rolling defense helicopters for nation from Russia but prices are high and United States is providing same material with lower price or may be with better rewards on buying from them.
Answer:
January 1, 2022
Dr. Cash $508,800
Dr. Discount on Bond $21,200
Cr. Bond Payable $530,000
Explanation:
The bond is issued on discount when the bond issuance proceeds are less than the face value of the bond. The discount is expensed over the bond period until maturity. It is added to the interest expense value to expense it.
Issuance value = $530,000 x 96% = $508,800
Discount on the bond = Face value - Issuance value = $530,000 - $508,800 = $21,200
If market interest rates rise after a bond is issued, the bond's price will decrease to remain competitive. To determine the price you'd pay for a bond with higher prevailing interest rates, you discount the bond's future payments by the current market rate. In this case, you'd likely pay less than the bond's face value due to the interest rate increase from 6% to 9%.
When a bond is issued, its face value and interest payments are based on the current interest rates. If the market interest rates increase, as in the scenario from 6% to 9%, the bond's fixed interest payments become less attractive compared to new bonds on the market offering higher rates. As a result, the existing bond's price will decrease to offer a potential investor the same effective yield as the new bonds issued at the higher rate. Therefore, if you are considering buying a $10,000 bond one year before its maturity when the market interest rate is 9%, you would expect to pay less than the face value of $10,000.
To calculate what you would be willing to pay for the bond, you need to discount the bond's remaining payments (interest and principal) back to their present value at the current market rate of 9%. Assuming annual interest payments, you would be entitled to one more interest payment of $600 (6% of $10,000) and the repayment of the $10,000 principal at maturity. Discounting these amounts back at 9% would give you the price you should be willing to pay today.
Using the formula for present value (PV) of a single payment, PV = FV / (1 + r)n, where FV is the future value, r is the interest rate, and n is the number of periods, calculate the present value of the interest payment and the principal, then sum them for the total price of the bond.
#SPJ3
Answer:
d) The views of candidates currently running for office do not necessarily represent the views of all politicians.
Explanation:
The reporter simply transferred the conclusion onto the whole politician cohort. Since only the candidates who are running for high-stake political positions were included in the survey, that does not necessarily mean that all the politicians that exist think the new limit is bad.
To add up, the percentage of politicians that are also the candidates for high positions is significantly smaller than the number of all politicians.
b. 10%.
c. 12%.
d. 14%.
e. 8%.
Answer:
a. 16%.
Explanation:
According to the given situation, the calculation of the upper bond is shown below:-
Upper bond = Mean return + Z Value (Standard deviation ÷ SQRT(n))
= 12% + 2 × (10% ÷ 5)
= 16%
Note :- 95.4% confidence level has "Z Value" OF 2. (consider cumulative normal distribution table)
Therefore for computing the upper bond we simply applied the above formula.
Debit Credit
Cash $25,900
Prepaid Insurance 10,800
Supplies 8,900
Land 22,000
Buildings 122,000
Equipment 18,000
Accounts Payable $10,800
Unearned Rent Revenue 10,900
Mortgage Payable 62,000
Common Stock 99,300
Retained Earnings 9,000
Dividends 5,000
Rent Revenue 78,200
Salaries and Wages Expense 44,800
Utilities Expenses 9,200
Maintenance and Repairs Expense 3,600
$270,200 $270,200
Other data:
1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020.
2. An inventory count on August 31 shows $443 of supplies on hand.
3. Annual depreciation rates are (a) buildings (4%) (b) equipment (10%). Salvage value is estimated to be 10% of cost.
4. Unearned Rent Revenue of $3,472 was earned prior to August 31.
5. Salaries of $392 were unpaid at August 31.
6. Rentals of $873 were due from tenants at August 31.
7. The mortgage interest rate is 8% per year.
A. Journalize the adjusting entries on August 31 for the 3-month period June 1–August 31.
No. Date Account Titles and Explanation Debit Credit
1. Aug. 31
2. Aug. 31
3a. Aug. 31
3b. Aug. 31
4. Aug. 31
5. Aug. 31
6. Aug. 31
7. Aug. 31
B. Prepare an adjusted trial balance on August 31.
Answer:
A. Journalize the adjusting entries on August 31 for the 3-month period June 1–August 31.
1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020.
prepaid insurance expense per month = $10,800 / 12 = $900 x 3 months = $2,700
Dr Insurance expense 2,700
Cr Prepaid insurance 2,700
2. An inventory count on August 31 shows $443 of supplies on hand.
supplies expense = $8,900 - $443 = $8,457
Dr Supplies expense 8,457
Cr Supplies 8,457
3. Annual depreciation rates are (a) buildings (4%) (b) equipment (10%). Salvage value is estimated to be 10% of cost.
depreciation expense per month:
buildings = ($122,000 x 90%) x 4% x 1/12 = $366 x 3 = $1,098
equipment = ($18,000 x 90%) x 10% x 1/12 = $135 x 3 = $405
Dr Depreciation expense 1,503
Cr Accumulated depreciation building 1,098
Cr Accumulated depreciation equipment 405
4. Unearned Rent Revenue of $3,472 was earned prior to August 31.
Dr Unearned revenue 3,472
Cr Rent revenue 3,472
5. Salaries of $392 were unpaid at August 31.
Dr Wages expense 392
Cr Cash 392
6. Rentals of $873 were due from tenants at August 31.
Dr Accounts receivable 873
Cr Rent revenue 873
7. The mortgage interest rate is 8% per year.
interest expense per month = $62,000 x 8% x 1/12 = $413.33 x 3 = $1,240
Dr Interest expense 1,240
Cr Interest payable 1,240
B. Prepare an adjusted trial balance on August 31.
first we must calculate the quarter's profit:
Rent Revenue $82,545
Salaries and Wages Expense ($45,192)
Utilities Expenses ($9,200)
Maintenance and Repairs Expense ($3,600)
Insurance expense ($2,700)
Supplies expense ($8,457)
Depreciation expense ($1,503)
Interest expense ($1,240)
net income = $10,653
retained earnings = $9,000 - $5,000 + $10,653 = $14,653
Kingbird Resort
Balance Sheet
For the Year Ended August 31, 202x
Assets:
Cash $25,508
Accounts receivable $873
Prepaid Insurance $8,100
Supplies $443
Land $22,000
Buildings $120,902
Equipment $17,595
Total assets: $195,421
Liabilities and Stockholders' Equity:
Accounts Payable $10,800
Unearned Rent Revenue $7,428
Interest payable $1,240
Mortgage Payable $62,000
Common Stock $99,300
Retained Earnings $14,653
Total liabilities and stockholders' equity: $195,421