Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
Answer:
"Mexico" is the appropriate answer.
Explanation:
- Throughout the case of Mexican individuals, what and when to talk in the discussions or conferences is punctual.
- Furthermore, you wouldn't overlook the little characteristics because doing so would generate misunderstanding or some complications. You mention as well as continue to talk all about that at the conference.
Answer:
a. Jake, Kim, or Lou.
Explanation:
A promissory note is a note that should be signed with written promise in terms of paying some specific amount to the note owner on a specifiic date or on demand.
Since in the question it is mentioned that Jake who is a maker and pay to Kim and then it would endorse to Lou
So here the Mona should collect the payment from the above three parties
hence, the correct option is A.
Answer:
d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve
Explanation:
Marginal rate of substitution is defined as they way an individual nos willing to let go of one good in preference for another one while sustaining a particular level of utility or indifference curve.
An indifference curve is made up of different combinations of two products that a consumer's views as having the same value.
In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction
Answer:
Date Accounts Titles & Explanation Debit Credit
Dec 31 Rent Expense $2,040
($6,120 *2/6)
Prepaid Rent $2,040
Dec 31 Deferred Revenue $525
Service Revenue $525
Dec 31 Salaries Expense $700
Salaries Payable $700
Dec 31 Supplies Expense $2,390
($3,100 - $710)
Supplies $2,390
Demon Deacons Corporation
Adjusted Trial balance
December 31, 2021
Accounts Debit$ Credit$
Cash 9,100
Account receivable 14,100
Prepaid rent 4080
Supplies 710
Deferred revenue 1,575
Salaries payable 700
Common stock 11,000
Retain earnings 5,100
Service revenue 45,245
Salaries expenses 31,200
Rent expenses 2,040
Supplies expenses <u>2,390</u> <u> </u>
Total $<u>63,620</u> $<u>63,620</u>
Prepaid rent = 6,120 - 2,040 = 4080
Supplies = 3100 - 2390 = 710
Deferred revenue = 2,100 - 525 = 1575
