<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period
Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value
Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
Prestige pricing is a unique pricing method involving products which would actually generate less overall profit at lower prices than higher prices. As long as the product is views by the public as being "prestigious," it will be in greater demand at the higher price. If the price were lowered, the public opinion of the product would be lower and the product would be seen as less desirable. This results in the product selling less at the lower price than at the higher price.
Answer:
Explanation:
A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.
A credit is an entry alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.
Answer:
works because prices serve as a means of communication between consumers and producers.
Explanation:
Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).
In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.
Demand and supply mechanics works to properly allocate resources according to fluctuations in price.
So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.
<span>On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. however it had assets of $20 billion and stockholders' equity of $9 billion as of december 31, 2016. during 2016, total sales revenue was $9 billion and total expenses was $7 billion.
As Total asset is 20 billion and stockholders equity is 9 billion the liabilities are 11 billion. The Debt to Asset ratio = Liabilities / Assets
= 11 Billion / 20 Billion = .55 (55%)</span>
