what happens to our supply and demand curves when expected future prices are projected to increase in the market?
Answers
When there is an expectation of future price increases in the market, it typically leads to a shift in both the supply and demand curves.
When expected future prices are projected to increase in the market, it can have several effects on the supply and demand curves:
1. Demand Curve: The demand curve may shift to the right. This means that at every given price, consumers are willing to purchase a larger quantity of the good. The expectation of higher future prices incentivizes consumers to buy now before prices increase, leading to an increase in current demand.
2. Supply Curve: The supply curve may shift to the left. This implies that at every given price, producers are willing to supply a smaller quantity of the good. The expectation of higher future prices encourages producers to hold back some of their supply in order to sell at higher prices later, reducing the quantity available in the market.
These shifts in the supply and demand curves can result in the following outcomes:
1. Increase in Price: The combination of higher demand and lower supply puts upward pressure on prices. As consumers try to buy more of the good and producers limit their supply, the equilibrium price in the market tends to increase.
2. Increase in Quantity Traded: With higher demand and a smaller quantity supplied, the overall quantity of the goods traded in the market may increase. Consumers are willing to buy more at a higher price, and producers are willing to sell more as prices rise.
3. Potential Shortages: If the increase in demand exceeds the decrease in supply, there may be a shortage of goods in the market. This occurs when the quantity demanded exceeds the quantity supplied at the prevailing price.
It is important to note that these effects are based on expectations of future price changes. If the expected price increase does not materialize or if new information emerges, the supply and demand dynamics may shift again accordingly.
Know more about Supply and demand curves here:
https://brainly.com/question/29434176
#SPJ8
Related Questions
Identify a specific government organization, think tank, academic research center, or school board;
research its goals and investigate requirements for employment.
Summarize and submit your findings in a 600-word essay.
IT WOULD MEAN THE WORLD TO ME if someone wasted there time doing this one project for me! God bless u if u don’t rip me off !! ❤️
Answers
Answer:
there's no way I'm writing a 600 word essay, but CRA is a government agency. It stands for Canada Revenue Agency and they basically collect Canadian taxes. To get employed a person needs to be in the field of accounting.
b) The CEO has identified that (s)he would like to introduce Kanban to this area of the shop. The department uses 100 brazing wires per hour. A container holds a bundle of 10 brazing wires. It takes 20 minutes to receive the brazing wire from the warehouse. A safety factor of 10% should be applied to calculations. How many Kanban containers of brazing wire are required for the brazing station? Do you think it is worth doing Kanban in this station?
Answers
Kanban containers of brazing wire are required for the brazing station is 4.3333. The CEO has stated that this is an area of the shop where Kanban should be used. Every hour, the department utilizes 100 brazing wires.
Daily demand = 100
Lead time= 0.333333333333333
Safety stock = 10
Kanban size = 10
Number of Kanbans = Demand during lead time + Safety stock / Size of container
Number of Kanbans = (100 × 0.333333333333333) + (10 / 100) × 100) / 10 = 4.3333
The CEO has stated that this is an area of the shop where Kanban should be used. Every hour, the department utilizes 100 brazing wires.
Learn more about brazing, here:
https://brainly.com/question/30029900
#SPJ4
describe the interrelationship of the primary business activities.
Answers
The primary business activities are interrelated because they all work together to create a successful business.
For a firm to succeed, all of its essential components—sales, marketing, finances, and operations—must function harmoniously.
Sales is in charge of generating income, marketing aids in raising awareness of the company and its goods, finance manages finances, and operations make sure that goods and services are delivered on time and to the proper customers.
To help the firm reach its objectives, all of these activities must be coordinated and harmoniously operated.
Revenue generation, which is important for the firm to operate and expand, depends on sales activities.
Marketing efforts are required to raise consumer knowledge of a company's offerings, which may result in higher sales.
To know more about business,
https://brainly.com/question/14303195
#SPJ4
a lump sum contract on a project has a total contract price of $160,000. retainage has been held back at 10%. the contractor has received progress payments for 75% of the project. the contractor submits a request for final payment for the now completed project. the final payment amount should be for
Answers
The final payment amount for the completed project would be $24,000. The calculation is shown below.
Given information: Total Contract Price: $160,000; Retainage: 10% of the total contract price and Progress Payments Received: 75% of the total contract price.
Retainage is calculated as:
= \(0.10 * $160,000\)
= $16,000
Progress Payments is calculated as:
=\(0.75 * $160,000\)
= $120,000
The final payment would be the remaining part of the total contract price after subtracting the retainage and progress payments received.
Final Payment Amount = Total Contract Price - Retainage - Progress Payments Received
Final Payment Amount = $160,000 - $16,000 - $120,000
Final Payment Amount = $24,000
The last installment of payment provided to a contractor, supplier, or service provider upon conclusion of a project, contract, or delivery of goods or services is referred to as final payment.
Learn more about final payment here:
https://brainly.com/question/33047019
#SPJ12
The complete question might be:
A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the now completed project. How much should the final payment amount be?
Accounts receivable f. The right to receive cash in the future from customers for goods sold or for services performed. 2. Other receivables e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. 3 Debtor b. The party who receives a receivable and will collect cash in the future. 4. Notes receivable c. A written promise to pay a specified amount of money at a particular future date. 5. Maturity date d. The date when the note receivable is due. 6. Creditor
Answers
Answer:
1. Account receivable.
2. Other receivables.
4. Notes receivable.
5. Maturity date.
Explanation:
1. Account receivable: the right to receive cash in the future from customers for goods sold or for services performed. Accounts receivable can be defined as an account which gives information about legally enforceable monetary claims that are to be recovered by a company from a customer who is yet to make payment.
2. Other receivables: a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future.
3. Debtor: the party who receives a receivable and will collect cash in the future.
4. Notes receivable: a written promise to pay a specified amount of money at a particular future date.
5. Maturity date: it is the date when the note receivable is due.
3e. what kinds of third-country nationals should patricia ...what kinds of third-country nationals should patricia consider employing?multiple choicepeople from countries culturally similar to the united statespeople from countries whose cultures are unlike either china's or the united states'people from countries who are used to both chinese and u.s. business practices
Answers
The correct answer would be:People from countries who are used to both Chinese and U.S. business practices.
As per the given context, Patricia is considering expanding her business to China, but she is concerned about finding the right employees. Since Patricia's company is based in the United States, it is reasonable to assume that her current employees and business practices are also rooted in U.S. culture and practices.
Therefore, hiring employees who are already familiar with both Chinese and U.S. business practices would be beneficial for her company's expansion into China. Such employees would be better equipped to navigate the cultural and business differences between the United States and China, helping Patricia's company to operate successfully in China.
Learn more about third-country nationals here:https://brainly.com/question/31537375
#SPJ11
The most likely reason for a sole trader to change into a private limited company is because it
wants:
a. To share its financial accounts with the public
b. To raise additional finance
C. To benefit from unlimited liability
d. to avoid business continuity
Answers
When was the last time the us had a balanced budget?
Answers
Since the fiscal year 2001, when the federal government's expenses and revenues were equal, the United States has not experienced a balanced budget.
Since that time, the federal government has perpetually had a budget deficit, which means that its spending has outpaced its income. The growing costs of entitlement programmes like Social Security and Medicare, as well as increased expenditure on military and other government programmes, have been the main causes of the federal government's budget deficits. Since many years ago, there have been attempts to balance the federal budget; however, these efforts have usually failed because of political opposition to tax and expenditure increases, as well as economic reasons including recessions and poor economic development.
learn more about budget here:
https://brainly.com/question/13198606
#SPJ4
If a current account deficit increases and investment levels remain the same, national saving must increase. a. False b. True Suppose that the European Union experiences a recession, and this causes a decline in income in the European Union relative to Australia. Because of this, the dollar will, holding all else constant, a. appreciate and Australian net exports will rise b. depreciate and Australian net exports will rise c. appreciate and Australian net exports will fall d. depreciate and Australian net exports will fall The demand for yen in exchange for dollars will increase if, holding all else constant, a. speculators think the value of the yen relative to the dollar will fall b. the desirability of investing in Japan falls c. income in Australia falls d. Japanese interest rates increase relative to interest rates in other countries
Answers
False: Current account deficit doesn't necessarily require increased national saving. EU recession causes the dollar to depreciate, boosting Australian net exports. Speculators' anticipation of yen value decline increases yen demand.
1) False - If a current account deficit increases and investment levels remain the same, national saving does not necessarily have to increase. It could be offset by borrowing from foreign sources. (Option A)
2) The dollar will depreciate and Australian net exports will rise - A recession in the European Union relative to Australia would cause a decline in income, leading to a depreciation of the euro (EU currency) against the Australian dollar. A weaker euro would make Australian exports relatively cheaper, leading to an increase in Australian net exports. (Option B)
3) The demand for yen in exchange for dollars will increase if, speculators think the value of the yen relative to the dollar will fall - An increase in the demand for yen in exchange for dollars would occur if speculators believe that the value of the yen will decrease compared to the dollar. Speculators anticipate a decline in the yen's value, leading to an increased demand for the yen as they aim to buy it at a lower exchange rate in the future. (Option A)
Learn more about demand here:
https://brainly.com/question/30402955
#SPJ11
Which of the following is NOT a problem caused by monopolies?
Select one:
Low quality
Fewer new products
Poor customer service
More competition
Answers
Answer:
Poor customer service
Explanation:
Poor customer service
A problem that is not caused by monopolies is More competition.Thus the correct answer is D.
What is a monopoly?A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.
They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.
As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.
Therefore, Option D is appropriate.
Learn more about Monopoly, here:
brainly.com/question/13939056
#SPJ2
The money supply in Macroland is currently 2,500, bank reserves are 200, currency held by public is 500, and banks' desired reserve-deposit ratio is 0.10. Assuming the values of the currency held by the public and the desired reserve-deposit ratio do not change, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market ______ government bonds.
Answers
Answer: purchase of 50
Explanation:
Open market operations is used when the central bank either buys or sells government securities. This is done in order to contract or expand the availability of money.
Based on the scenario in the question, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market buy 50 government bonds.
1. What is your definition of the Hospitality Industry?
2. What does the travel and tourism industry include?
3. What is the difference between a Franchisor and a
Franchisee?
4. What is the purpose of
Answers
Franchisor: Owns business concept; grants rights.
Franchisee: Purchases rights; operates under brand.
What is the impact of tourism on local economies?1. The Hospitality Industry refers to a broad sector encompassing businesses and organizations that provide services related to accommodation, food and beverage, and customer service to individuals or groups who are away from their home environment.
It includes various segments such as hotels, resorts, restaurants, cafes, bars, catering services, event planning, tourism agencies, and more. The primary focus of the hospitality industry is to ensure guest satisfaction and deliver memorable experiences.
2. The travel and tourism industry is a sector that encompasses a wide range of activities related to travel, exploration, and leisure. It includes businesses and organizations involved in transportation (airlines, cruise lines, railways, car rental companies), accommodation (hotels, resorts, vacation rentals), tourism services (tour operators, travel agencies), attractions and entertainment (theme parks, museums, theaters), and other related services (restaurants, travel insurance, travel technology). The industry plays a vital role in facilitating travel, promoting destinations, and creating enjoyable experiences for tourists.
3. The difference between a Franchisor and a Franchisee lies in their roles and positions within a franchise business model:
- Franchisor: The franchisor is the entity or company that owns and establishes a business concept, brand, or trademark. They develop a successful business model and grant the rights to others (franchisees) to operate their own business using the franchisor's established brand, products, and methods.
The franchisor provides support and guidance to franchisees, including training, marketing, and ongoing assistance. They typically receive fees or royalties from franchisees in return for using their brand and resources.
- Franchisee: A franchisee is an individual or entity that purchases the rights to operate a business using the established brand, products, and systems of the franchisor. The franchisee invests in a franchise opportunity and agrees to follow the franchisor's guidelines and standards.
They benefit from the proven business model, brand recognition, marketing support, and training provided by the franchisor. In return, franchisees pay fees or royalties to the franchisor for the right to operate under their established brand.
4. The purpose of providing a valid answer with a valid explanation is to ensure accuracy, credibility, and clarity of information. By offering a valid answer, one can provide factual and reliable information that is supported by evidence or knowledge.
This helps to enhance understanding, minimize misinformation or misunderstandings, and promote informed decision-making. Providing an explanation further clarifies the reasoning or logic behind the answer, making it easier for the recipient to grasp the concept or topic at hand.
Learn more about encompassing
brainly.com/question/13753880
#SPJ11
Because all other parts of the budget depend on it, if the ______ budget is inaccurate, the rest of the budget will be inaccurate.
Answers
Answer:
Sales budget
Explanation:
Because all other parts of the budget depend on it, if the sales budget is inaccurate, the rest of the budget will be inaccurate.
What is the sales budget?A sales budget is a financial plan that estimates a company’s total revenue in a specific time period. It focuses on two things: the number of products sold and the price at which they are sold to predict how the company will perform.
Sales budgets are important tools to help businesses estimate their overall performance and how much revenue they may make from a certain product. It helps companies forecast sales and maximize the utilization of their resources. A sales budget also serves as a planning tool for organizations to use to set specific standards for achievements. For instance, a company could take its annual sales budget of $1000 and divide it by four to determine the team's quarterly goal of $250.
Organizations can determine if their business is successful by examining how closely they reach their target.
Learn more about sales, here:
https://brainly.com/question/29857652
#SPJ6
5. (7 marks) You may have seen some shop owners selling products imported from countries such as China and South Korea. The labels on these products are written in their languages. Do you think that these shop owners do responsible marketing? If you are one of them, explain how you will market such products. (3 marks)
Answers
In order to assure customer comprehension and safety, responsible marketing would probably include making sure that product labels are correct and offering translations for information about them in the local tongue.
What link exists between the safety of food and food labels?Answer and justification Because they include information on a meal's ingredients, methods of preparation, and shelf life, food labels are crucial for ensuring food safety. So that customers may make wise choices about the safety of the food they eat, food labels are important.
How effectively have labels boosted sales of environmentally friendly goods?In conclusion, the use of sustainability labels helps to promote the consumption of sustainable foods. The inclusion of a sustainable label raises perceived quality and elicits pleasant feelings, increasing the willingness of consumers to pay for the product.
To know more about marketing visit:-
https://brainly.com/question/13414268
#SPJ1
A lawyer believes his client is guilty, but remains professional and represents his client. This is an example of which of the following?
Moral behavior
A.) moral behavior
B.) unlawful behavior
C.) ethical behavior
D.) mannerly behavior
Answers
Answer:
C
Explanation:
Would say Moral but it's ethical and couretious
Economics-- please help!
Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
neutral stance
expansionary stance
economic stance
contractionary stance
Answers
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
Based on this information, which is the first change should carl make to his monthly budget? a greater gross income a greater amount for discretionary spending a lower net income a decrease in the number of fixed expenses
Answers
The first change should Carl make to his monthly budget is to its a lower net income.
What is budget?A budget is known to be a run down of all the spending that one has planned out and it is one that is often based on one's income and expenses.
Note that in the scenario below, The first change should Carl make to his monthly budget is to its a lower net income so that it can fit into the budget.
See full question below
Based on this information, which is the first change should Carl make to his monthly budget?
Scenario: Carl has just received his weekly check from his after-school job. In his budget, he did not plan for withholdings. Now that he has received his check, he has been reminded that taxes will be withheld. He realizes that he needs to return to his budget and make some changes.
Learn more about budget from
https://brainly.com/question/11725297
#SPJ4
Answer:
C) A lower net income
Explanation:
3dg3
What are some factors that would influence supply? Explain
Answers
Answer:
6 Factors Affecting the Supply of a Commodity (Individual Supply) |
Price of the given Commodity: ADVERTISEMENTS: ...
Prices of Other Goods: ...
Prices of Factors of Production (inputs): ...
State of Technology: ...
Government Policy (Taxation Policy): ...
Goals / Objectives of the firm:
Explanation:
Please mark as brain list
Why is choosing an appropriate mortgage potentially even more important than
choosing an appropriate auto loan?
Answers
Here are five considerations to keep in mind as you compare vehicle loans to find the best deal: Annual Percentage Rate (APR) When searching for a car loan, your annual percentage rate, or APR, is a crucial consideration.
Monthly Payment, Loan Term, Loan Amount, Fees and Penalties, and Final Remarks.
You wish to drive a modern car that you won't be able to pay for without financing in a fair amount of time. The moderate interest rate means that the additional costs won't have a big impact on the overall cost of the vehicle. The periodic payments won't put undue strain on your current or next finances.
This rule states that housing costs should not exceed 28% of one's gross monthly income and total debt service should not exceed 36%. This rule is frequently used by lenders to decide whether or not to offer borrowers credit.
To learn more about auto loans
https://brainly.com/question/6945514
#SPJ9
a company wants to have $270,000 available in 4 1 2 years for new construction. how much must be deposited at the beginning of each quarter (in $) to reach this goal if the investment earns 10.2% compounded quarterly? (round your answer to the nearest cent.) $
Answers
The amount that should be deposited to each the goal will be $11708.54.
How to illustrate the amount?From the information, the formula for future value will be:
A = x/i (1 + i)[(1 + I)^n - 1]
A = future value
x = periodic payment
I = interest rate
n = number of payment
A = $270000
I = 0.102/4 = 0.0255
n = 18
Using x as the basis from the formula:
x = (270000 × 0.0255) / (1 + 0.0255) (1 + 0.0255)^18 - 1
= 11708.54
The amount is $1708.54
Learn more about future value on:
brainly.com/question/24703884
#SPJ1
Drag the tiles to the correct boxes to complete the pairs.
Match the different resources to the scenarios where they are used.
natural resources
human resources
man-made resources
entrepreneurship
A power plant uses an Industrialdesign power generator to generate large-scale
electricity for the neighborhood.
A power plant uses coal to heat water and then converts it into steam, which
then turns the turbines.
>
A power plant is set up by a group of industrialists as they come together to
solve the power crisis in their nelghborhood.
A power plant employs local workers who work in shifts to keep the plant
running for most of the day.
Answers
Answer:
1. Man-made
2. natural resources
3. entrepreneurship
4. Human resources
Explanation:
Natural resources are those which are present in the environment and are limited in number.
The man-made resources are those where a power generator is used to initiate the electricity on large scale.The natural resources are those where the water is heated from coal and then converting it to steam for running the turbines.The entrepreneurship is represented when the industrialists come together to solve the power crisis of their own neighborhood.The human resources are those where the workers are working in shifts to keep their plants in running condition.Therefore, the given resources are matched with the scenarios in which they are used.
Learn more about the natural resources in the related link:
https://brainly.com/question/13954163
#SPJ2
Explain 5 documents involved in the formation of a company i need answers asap
Answers
Answer:
Memorandum of Association, Articles of Association, consent of proposed directors, agreement, statutory declaration and payment of fee.
The force that contributed to the formation of planets, determines the motion of bodies in the solar system, and pulls objects to the center of Earth is called
gravitation pull
.
Newton’s first law of motion states that an object at rest will stay at rest unless a force acts on it. It also states that an object in motion will stay in motion unless a force acts on the object. Newton’s first law of motion is also known as the law of
motion
.
Answers
The force that contributed to the formation of planets determines the motion of bodies in the solar system, and pulls objects to the center of Earth is called gravitational force.
What is a Gravitational force?Any two objects in the cosmos are drawn together by gravitational attraction, regardless of whether their masses are equal or not. Also, according to Newton's Universal Law of Gravitation, everything in the universe, including you, pulls everything else. The gravitational force is measured in Newtons, abbreviated as N.
With its extensive range and all-pervasive influence, gravitational force governs the trajectories of objects in the solar system and throughout the universe as well as the structures and evolution of stars, galaxies, and the entire cosmos. All objects on Earth experience weight, or a gravitational pull that is proportionate to their mass and is imposed by the planet's mass.
To know more about gravitational force, check out:
https://brainly.com/question/13010127
#SPJ1
Q)The force that contributed to the formation of planets, determines the motion of bodies in the solar system, and pulls objects to the center of Earth is called?
Who is the group of people MOST likely to purchase a company's products?
O A.marketing mix
О в.target market
O C.primary audience
O D. advertising audience
Answers
Option B is correct.A target/goal market is a crew of customers with shared demographics who have been recognized as the most likely buyers of a company's product or service.
Why is goal market important?Having the right target market helps you decide where to find practicable purchasers who are looking for what you have to offer. If you have a target market, you know where to concentrate your advertising and marketing efforts and what to provide that is compelling and properly received.
For example, a children's toy may additionally have boys a while 9–11 as the target market and the boys' mother and father as the target audience. It may additionally also be defined as the consumer segment most likely to be influenced through an advertising campaign. The target market is also awesome from the buyer persona.
Learn more about target market here:
https://brainly.com/question/20974098#SPJ1What is MOST likely TRUE about intellectual property?
A.
It can be a tangible asset.
B.
It is impossible to steal.
C.
It can be invisible.
D.
It does not affect a company’s profits.
Answers
Answer:
The answer is most likely...
A. It can be a Tangible asset
Explanation:
Sorry I was late :l
January has 31 days. How many free kilolitres of water did this family get in January?
Answers
In January, the family received a free water allowance of 15 kilolitres, and any additional water usage beyond this allowance would be subject to a charge of $2 per kilolitre.
In January, the family received a free water allowance of 15 kilolitres. Since January has 31 days, this means that they were entitled to use an average of approximately 0.48 kilolitres per day for free. If the family used less than or equal to 15 kilolitres of water during the month of January, they would not have to pay anything extra.
However, if they used more than their free allowance, they would be charged for the excess usage. To calculate the amount the family had to pay for their excess usage, the difference between their total usage and their free allowance must be determined.
For example, if the family used 18 kilolitres of water during the month, they exceeded their free allowance by 3 kilolitres. If the cost of water is $2 per kilolitre, the family would have to pay $6 for their excess usage.
To learn more about water allowance
https://brainly.com/question/4836496
#SPJ4
Complete question:
A family is entitled to a free water allowance of 15 kilolitres per month. In January, which has 31 days, how many kilolitres of water did the family receive for free, and how much did they have to pay for any additional usage beyond their allowance?
On January 1, 2010, Jacob issues $800,000 of 9%, 13-year bonds at a price of 96½. Six years later, on January 1, 2016, Jacob retires 20% of these bonds by buying them on the open market at 105½. All interest is accounted for and paid through December 31, 2015, the day before the purchase. The straight-line method is used to amortize any bond discount. What is the journal entry to record the first interest payment on June 30, 2010?
Select one:
a. Interest Expense............. 36,000
Cash............ 36,000
b. Cash............ 36,000
Interest Expense............. 36,000
c. Interest Expense................. 36,000
Discount on Bonds Payable..... 1,077
Cash.................... 37,077
d. Interest Expense................. 36,000
Premium on Bonds Payable..... 1,077
Cash.................... 37,077
e. Interest Expense................. 37,077
Discount on Bonds Payable..... 1,077
Cash.................... 36,000
Answers
As per the problem,On January 1, 2010, Jacob issues $800,000 of 9%, 13-year bonds at a price of 96½. Six years later, on January 1, 2016, Jacob retires 20% of these bonds by buying them on the open market at 105½.
The journal entry to record the first interest payment on June 30, 2010 would be a. Interest Expense............. 36,000Cash............ 36,000The calculation for interest for the first half year is as follows,Interest = Principal × Rate × TimeInterest = $800,000 × 9% × 6/12Interest = $36,000Now we will record this transaction in the accounting books of the company which will be as follows:
Journal EntryDateAccountTitle and DescriptionDebitCreditJun 30Interest Expense36,000Cash36,000 (Being the first interest payment on June 30, 2010, recorded)Thus, option A is correct.
To know more about problem visit:
https://brainly.com/question/31611375
#SPJ11
Why is it important to track your income and your expenses?
1. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy
2. because knowing whether you can afford your lifestyle or not is the only goal of financial literacy
3. because you need to by law
4. because your income will tell you how much money you can save
Answers
Answer:
1. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy
because knowing whether you can afford your lifestyle or not is the first goal of financial literacy it is important to track your income and your expenses. hence, option A is correct.
What is financial literacy?It comprises the capacity to comprehend financial options, make future plans, handle money properly, and deal with difficulties brought on by life events like losing a job, saving for retirement, or financing a child's education.
Paying off debt, making a budget, and comprehending the differences between various financial products are all examples of financial literacy. In conclusion, families that are attempting to balance their budget, purchase a home, pay for their children's education, or secure an income in retirement are significantly impacted by financial literacy.
For instance, a person who understands finances is aware that they cannot spend more than $2,000 per month, even if they earn $2,000, without incurring debt.
Thus, option A is correct.
For more information about financial literacy, click here:
https://brainly.com/question/13102912
#SPJ2
Victor is employed by Appliance Company. All full-time employees are allowed to purchase appliances at the company's cost plus 10%. The employees are also given, at no cost, a one-year service contact on all the goods purchased from the Company. Victor purchased a refrigerator for $500. The Company's normal selling price for the refrigerator is $800. Victor also received a service contract at no charge that had a value of $150. During the year, Victor was required to have his refrigerator serviced once. The cost of the call would have been $75 if he had not had the service contract. Is Victor required to recognize any income from the purchase of the refrigerator, the receipt of the service contract, and the service call?
Answers
Yes, Victor is required to recognize income from purchase of refrigerator, receipt of service contract, and service call. The receipt of service contract, and service call total $475 ($250 + $150 + $75), which should be included in his gross income for the year.
The cost of the refrigerator to Victor was $550 ($500 + 10% of $500), which is less than normal selling price of $800. Therefore, the discount provided to Victor by the company is considered a taxable fringe benefit.
The value of the fringe benefit is the difference between the cost to Victor and the normal selling price of the refrigerator, which is $250 ($800 - $550). This amount should be included in Victor's gross income for the year.
In addition, the service contract provided to Victor at no charge has a value of $150. The receipt of the service contract, and the service call total $475 ($250 + $150 + $75).
Know more about service contract here:
https://brainly.com/question/28197085
#SPJ11