receipt of message. i think :) hope this helps
Answer:
The correct answer is option B.
Explanation:
If an economy is working well below capacity this means there is huge amount of unused resources left. Resources or inputs at this point will be available at a relatively lower price. So the firms will be able to expand output at a cheaper rate.
When the demand for inputs increase the input price will not increase much. So, the firms will be able to increase output and the price level will not increase by a great extent.
Answer:
Results are below.
Explanation:
Giving the following information:
Company 1:
Beginning inventory Merchandise $253,000
Cost of purchases 600,000
Ending inventory Merchandise 153,000
Company 2:
Beginning Finished goods $506,000
Cost of goods manufactured 930,000
Ending Finished goods 147,000
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
<u></u>
COGS= beginning finished inventory + cost of goods manufactured/purchased - ending finished inventory
<u>Company 1:</u>
COGS= 253,000 + 600,000 - 153,000
COGS= $700,000
<u>Company 2:</u>
COGS= 506,000 + 930,000 - 147,000
COGS= $1,289,000
Answer:
Loss on retirement of debt = $1,030,000
Explanation:
the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:
Dr Bonds payable 7,000,000
Dr Loss on retirement of debt 1,030,000
Cr Cash 7,070,000
Cr Discount on bonds payable 960,000
Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000
Answer:
Protected status
Explanation:
In simple words, the trade secret is said to be protected when it has an economic value to the founding company or the company handling it and anyone who is exposed to the information regarding that is legally bound to not to disclose it.
Thus, from the above we can conclude that the given scenario indicates protected status.