Table below gives information about the demand curve and the long-run average cost curve for an electric utility that is a natural monopoly. Using the information, what quantity of output will the firm produce if it wishes to maximize profit? Price Quantity Demanded LRAC $12 100 $6.00 $10 200 $5.50 $8 300 $5.33 $ $7 400 $5.50 $6 500 $6.00
Answers
Based on the information table about the demand curve and the long-run average cost curve for an electric utility that is a natural monopoly, the firm has to produce 200 units (B) of output to maximize its profit.
Natural monopoly happens because the long-run average cost falls continuously over a large range of output. Natural monopoly happens when only one firm is able to fully exploit the economic of scale in a maket and achieve productive efficiency.
To find the quantity of output when the firm could maximize its profit, we need to use profit formula where:
Profit = Total Revenue - Total costs
Using the data given, we know that:
Price Q demanded LRAC TR TC Profit
$12 100 $6.00 $1,200 $600 $600
10 200 5.50 2,000 1,100 900
8 300 5.33 2,400 1,599 801
7 400 5.50 2,800 2,200 600
6 500 6.00 3,000 3,000 0
From each scenario, we know that the firm has to produce 200 units of output to maximize its profit.
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Complete Question:
Table below gives information about the demand curve and the long-run average cost curve for an electric utility that is a natural monopoly. Using the information, what quantity of output will the firm produce if it wishes to maximize profit?
(Table attached below)
a. 100
b. 200
c. 300
d. 400
Related Questions
john noble speculated that howie really didn't know much about his employees, including the types of rewards that they found meaningful and whether they personally felt that if they worked hard, they could achieve a reward. noble's thoughts referred to:
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John noble speculated that Howie really didn't know much about his employees, including the types of rewards that they found meaningful and whether they personally felt that if they worked hard, they could achieve a reward. Noble's thoughts referred to expectancy theory.
According to the expectancy theory, a person's behavior or attitude typically results from the association between the behavior they exhibit and the reward that goes along with it. As a result, that person will consciously choose behavior that maximizes reward for performance or output or minimizes pain.
The aforementioned background supports Noble's assertion that Howie knows very little about his employees, including the fact that he is unaware of the type of incentive that may improve their performance, which implies that Howie is unaware of the expectation theory related to his employees' conduct.
The given question is incomplete, the complete question is:
John Noble speculated that Howie really didn't know much about his employees, including the types of rewards that they found meaningful and whether they personally felt that if they worked hard, they could achieve a reward. Noble's thoughts referred to:
A. Reinforcement Theory.
B. Equity Theory.
C. Expectancy Theory.
D. Theory J.
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What is discretionary money?.
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Any money you have left over after paying for such things is considered discretionary income. Additionally, if you have federal student loans, your payments can be deducted from your discretionary income at a certain proportion. Therefore, understanding how to compute this figure and how it could affect your student loan payments is crucial.
Your remaining income after paying taxes and basic living expenditures is referred to as discretionary income. There is a difference between discretionary income and disposable income. The amount of money you have left over after paying taxes is known as disposable income.
It's crucial to comprehend discretionary income when it comes to paying back federal student loans. This is due to the fact that a lot of repayment programs are income-driven and base payments on your discretionary income.
The money you have left over after paying taxes and essential living costs, such as rent or a mortgage, utilities, and groceries, is known as discretionary income.
Because it may be spent for nice-to-have but not essential items, it is known as discretionary income. Expenses that are considered discretionary include things like eating out, streaming services, and movie, concert, and sporting event tickets.
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jason is a sales associate who recently quit his job. in his exit interview, he stated that the reason he decided to leave was because sales training was promised as an integral part of marketing training, yet it never materialized. what happened?
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Contrast error must have happened in this case.
What is Contrast error?Contrast Error is the idea that a candidate's performance evaluation may be affected by how well or poorly the candidates before them performed. Setting a standard that influences how the candidate being interviewed is perceived is erroneous. This type of inaccuracy, from the HR perspective, happens during interviews and performance reviews. In a performance appraisal or interview process, the questioner may make blunders brought on by those who have already been evaluated or interviewed. It fosters an anxious or relaxed contrasting of one participant with the other and tends to emphasize their differences.
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a monopoly is characterized by group of answer choices many buyers and sellers. many identical products. high barriers to entry. a nash equilibrium (typical of game theory).
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A monopoly is characterized by group of high barriers to entry.
What is a monopoly?A monopoly, according to Irving Fisher, is a market where there is "no competition," making a single person or business the only provider of a certain item or service. This contrasts with oligopoly, duopoly, and monopsony, which are instances of marketplaces dominated by a small number of vendors and a single business, respectively, respectively. The terms "monopolize" and "monopolise" refer to the process by which a company gains the ability to jack up prices or kick out rivals. In the study of economics, a monopoly is a single supplier. In terms of the law, a monopoly is a company that has a considerable amount of market power, or the ability to set excessively high prices, which is linked to a decline in societal surplus.
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How can government influence the business activities by investment explain by giving an industry example?.
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According to CBO, the federal government invests in these three main areas:Structures like governmental structures, infrastructure for transportation, and water and power projects are examples of physical capital.
What are examples of government investments?Major equipment like computers, machines, and cars are examples of physical capital. Software is another type of physical capital.Governments may impose tariffs, which raise taxes on imported goods, or subsidies, which raise prices and improve the appeal of domestic goods by levies on the general populace and the transfer of funds to an industry. Increased levies, fees, and regulations can cripple businesses or entire industries.There are many different ways that the government can intervene in the economy, including taxes, subsidies, price controls, regulations, minimum wage laws, and bailouts.Fiscal policy and monetary policy are the two main ways that the government in the United States affects economic activity.Government control over the money supply and level of interest rates is exercised through monetary policy.It exerts its taxing and spending authority through fiscal policy.To learn more about government influence in business refer
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conversion of the implementation phase of the systems development life cycle (sdlc), an analyst introduces an information system in only a limited area of an organization, such as a division or department.
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Implementation includes user notification, user training, installation of hardware, installation of software onto production computers, and integration of the system into daily work processes.
This phase continues until the system is operating in production in accordance with the defined user requirements.
production is the method of mixing numerous cloth inputs and immaterial inputs (plans, information) for you to make something for intake (output). it's miles the act of creating an output, a very good or carrier which has fee and contributes to the application of individuals.[1] The vicinity of economics that focuses on manufacturing is known as the production concept, which is intertwined with the intake (or client) principle of economics.
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The Italian government decides to stimulate the economy by sending checks worth $70 billion to Italian consumers. If the (government spending) multiplier is 1.5, calculate the MPC to determine the final change in Italy's real GDP due to the transfer? Please give your answer as a whole number in billions of dollars.
$35 billion
($70 billion)(1.5) = $105 billion
$105 - $70 billion = $35 billion
Answers
The Change in real GDP after the calculation of the Marginal Propensity to Consume will be $35 billion for the situation and positions mentioned above.
The change in real GDP can be referred to or considered as the increase or decrease in the GDP, which has been adjusted against the prevailing rates of inflation.
MPC = Government Spending x Multiplier
MPC = 70 x 1.5
MPC = $105 billion
Now, this change in real GDP will be
Change in Real GDP = MPC - Real GDP
Change in Real GDP = 105-70
Change in Real GDP = $35 billion
Therefore, the change in real GDP is $35 billion.
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if an incremental analysis is applied to evaluate two alternatives and it is determined that incremental revenues equal incremental costs, which of the following would be used to make the appropriate decision?
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In order to compare the true costs of different options, businesses employ incremental analysis as a decision-making tool.
What is Types of Incremental Analysis Decisions?Companies use incremental analysis to determine whether or not to accept customized orders. Usually, the price of this special order is less than its regular selling price. To make sure a restricted resource is used as effectively as possible, incremental analysis helps allocate scarce resources to a number of product lines.A decision to abandon a project, rebuild an asset, create or purchase goods, or any other action necessitates an incremental study of the opportunity costs. Incremental analysis also sheds light on whether a product should continue to be manufactured or sold at a specific stage of the production process.Businesses use incremental analysis to determine how to allocate resources, whether to accept more business, whether to manufacture or purchase products, whether to sell or process products further, whether to eliminate a product or service, and more.To Learn more About incremental analysis refer to:
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when dealing with natural monopolies, what alternatives are available to the government for promoting better economic outcomes?
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Answer: Allowing the natural monopoly to exist subject to public regulation
Allowing the natural monopoly to exist under public ownership
Explanation:
oriole company uses the percentage of reecievales basis to record bad debt expese. accounts reciebale (ending bal;cne) q5000 (debt) allowance for doubtful accounts (unbadjuste4d)
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The basic method for calculating the proportion of bad debt is pretty simple. Divide the amount of awful debt by the whole debts receivable for a period, and multiply via 100.
Which account kind is used to record bad debt estimation?Recording terrible debt includes a debit and a savings entry. Here's how it's done: A debit entry is made to a horrific debt expense. An offsetting credit score entry is made to a contra asset account, which additionally referred to as the allowance for dubious accounts.
Which approach is pleasant for accounting for horrific debts?The direct write off method is one of two methods to account for terrible money owed in bookkeeping. The other technique is the allowance method. A terrible debt is an quantity owing that a customer will not pay.In the direct write off method, a small commercial enterprise proprietor can debit the Bad Debts Expense account and credit score Accounts Receivable.
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https://brainly.com/question/29414667#SPJ4a(n) consists of the marketing intermediaries that transport and store goods as they move through their path from producer to final user.
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An channel of distribution consists of the marketing intermediaries that transport and store goods as they move through their path from producer to final user.
A direct distribution channel is one where a company sells at once to the consumer, typically thru their website or retail save.
Distribution channels are the paths that products and services take on their manner from the producer or provider issuer to the end client.
There are four forms of distribution channels that exist: direct promoting, promoting thru intermediaries, dual distribution, and reverse logistics channels.
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match the marketing goal to the correct ad extension. you operate many retail stores and want potential customers to see the distance from their location to your stores you're interested in directing people to specific pages on your website you want to describe the features of a specific product your business offers before customers click on the ad you're focused on driving phone calls to your business call extension sitelink extension location extension structured snippets
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Ad extensions can enhance star rating, ad rank, and spending while increasing conversions for businesses.
Marketing goal of ad extensions are-
you operate many retail stores and want potential customers to see the distance from their location to your stores - Location extension
you're interested in directing people to specific pages on your website - Sitelink extension.
you want to describe the features of a specific product your business offers before customers click on the ad - Structured snippets
You’re focused on driving phone calls to your business – Call extension
Ad Extensions are supplementary details that broaden your advertisement and increase its value to users. Phone calls, extra connections from your site, and vendor feedback are typical ad extensions. Ad extensions which will assist your ad campaign high efficiency your company's objectives should be chosen.
Utilizing ad extensions options usually doesn't incur any extra expenses.
Some ad extensions, such as changes have happened and click-to-call extensions, are automated, meaning AdWords immediately inserts the extra data to your ad. Other ad extensions can be manually customized, allowing you to decide what you want your advertisements to look.
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when a firm designs a single marketing approach and directs it at an entire market for a product, the company is using a(n) strategy.
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The first step is to choose the right targeting strategy. An undifferentiated targeting strategy is employed when a company creates a single marketing mix and targets the entire market for a particular product.
What strategies does a company employ when it targets a specific market segment?
A concentrated targeting strategy is one in which a business uses a single marketing mix to target a specific market segment.
What exactly is multi-target marketing?
Multi-portion promoting, in this way, is the most common way of separating an objective market into numerous fragments to focus on every one of those sections with an alternate message or item.
What else is referred to as a single segment strategy?
Strategy with a single segment, also known as a concentrated strategy. A single marketing mix serves only one market segment, not the entire market. For smaller businesses with limited resources, the strategy of choice frequently is a single-segment approach.
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if you had a cola clause in your wage contract based on the cpi calculated above, would your standard of lviing likely increase, decrease, or stay the same during the years 2002 through 2004
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The shares exchange may be CPI calculated by means of dividing the alternate into index points by means of the sooner time period rate index expanded with the aid of 100. be aware that the alternate in index factors and the percentage alternate are unique measures of exchange and are normally one-of-a-kind.
Whilst the 12-month trade in Canada's consumer rate Index (CPI) remains the same as the remaining month, the CPI rose by means of zero.7% on a monthly basis. October 2022's inflation price of 6.nine% is nicely above the financial institution of Canada's goal variety of one% to three%, and it also outpaced the average hourly salary growth of five.6% over the last year.
To find the CPI in any yr, divide the fee of the market basket in 12 months t by way of the value of the identical marketplace basket within the base yr. The CPI in 1984 = $seventy five/$seventy five x a hundred = a hundred The CPI is just an index cost and it is listed to a hundred within the base 12 months, in this case, 1984. So charges have risen with the aid of 28% over that 20 yr duration.
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infants expand their early abilities to imitate to include actions on objects. whicj of the following statements about imitation on objects is true:
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The creating potential to mirror, repeat, and practice the actions of others, either right now or later. At around eight months of age, teens imitate simple movements and expressions of others in the course of interactions.
Do infants learn through imitation?Imitation may additionally be the sincerest structure of flattery for adults, but for babies it's their predominant device for learning. As famend people-watchers, babies often observe others exhibit how to do things and then reproduction these physique movements.
What function does imitation play in infancy?The younger kid's capability to imitate the moves of others is an necessary mechanism for social learning—that is, for obtaining new knowledge. The kid's potential to imitate is also vital for what it tells us about the know-how that the baby already has.
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https://brainly.com/question/24726649#SPJ4when you calculate marginal costs, they should include: only fixed costs. the market price of the product. both the variable and fixed costs. only variable costs.
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When you calculate marginal costs, they should include: both the variable and fixed costs.
Option C is correct.
What is Marginal Cost?Marginal cost refers to the increase in production costs caused by producing additional units of a product. Also called the marginal cost of production. By calculating marginal cost, firms can see how output affects costs and, ultimately, profits.
Why does marginal cost increase?In general, the marginal cost of production tends to increase as the production volume increases. Marginal costs allow manufacturers to determine how to allocate resources to production units and maximize output.
Why Marginal Cost Matters?Marginal cost of production is used to measure the change in the cost of a product due to the production of additional units of production. Once the company reaches the optimal production level, producing additional units will increase the production cost per unit.
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Coolidge Company owes $1,000 for merchandise inventory purchased from Ross Company during April. The amount owed is now past-due. On June 15, 2015, Coolidge meets with Ross and convinces Ross to accept $400 cash and a 30-day, 10 percent, $600 note payable to replace the account payable. Prepare the June 15 journal entry for Coolidge by selecting the account names and dollar amounts from the drop-down menus.
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Prepare the June 15 journal entry for Coolidge by selecting the account names and dollar amounts from the drop-down menus.
June 15 Accounts Payable $1,000
Cash $400
Note Payable $600
accounts payable (AP) is money owed with the aid of an enterprise to its suppliers shown as a legal responsibility on a employer's balance sheet. it is distinct from notes payable liabilities, which might be debts created by way of formal criminal tool files.[1] An bills payable branch's fundamental responsibility is to process and evaluate transactions among the organization and its suppliers and to make certain that all top notch invoices from their providers are accepted, processed, and paid. Processing an invoice includes recording essential statistics from the invoice and inputting it into the agency's monetary, or bookkeeping, system.
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which of the following shifts aggregate demand to the left? a. an increase in the capital inflows from other nations b. an increase in the money supply c. a decrease in the price level d. a decrease in the government transfer payment
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The one out of the following that shifts aggregate demand to the left is option A. an increase in the capital inflows from other nations
Why would the aggregate demand shift to the left?The aggregate demand curve may shift to the left as a result of depletion in the total consumer spending. Consumers could spend less due to the fact that the cost of living is going up or perhaps government increased taxes. Consumers can choose to cut spending and save more if they feel that prices to might rise in the future. Other reason is when there is an economic boom overseas that raises the incomes of foreign households.
Therefore, the correct answer is as given above
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identifying the facts and issues partnerships are a select answer association of individuals and are formed by select answer of the partners. when short signed the lease agreement with ikon for office equipment, short, gonzaga, and baker select answer still a partnership. assessment question
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Partnerships are an association of individuals and are formed by sharing ownership of a business.
What is a Partnership?A Partnership is a form of business in which two or more persons come together to share ownership of the business and to manage the profits and losses of the business as well as other risks associated with the business.
The partners share their resources and also commit same to the advancement of the business. Whatever returns they get will promote the business and if they suffer any losses, they will also share these. So, sharing is a central feature of partnerships.
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Entry, Exit, and Long Run Profitability — End of Chapter Problem a. The decision to start a business and the decision to attend college are the same in that each decision involves the same costs and benefits and the same opportunity costs are different in that in starting a business, you should mainly consider the cost-benefit principle, whereas in attending college, you should mainly consider the opportunity cost principle are similar in that in both cases, you will want to consider the cost-benefit principle and the opportunity cost principle are different in that in starting a business, you should mainly consider the opportunity cost principle, whereas in attending college, you should mainly consider the cost-benefit principle b. Classify each cost below as an implicit cost or an explicit cost. Explicit cost Implicit cost Answer Bank Forgone yearly salary of $40,000. The expense of buying textbooks. Using office space to run your business that was previously rented out for income. Purchases of office supplies.
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Explicit costs are those that a business pays out of its own pocket, like payments for supplies. Whereas The cost of the company's resources that have employed in another way is represented by implicit costs.
Private entrepreneurship, or the ownership of businesses by private persons, is a defining feature of the US economy. People frequently image gigantic corporations like Wal-Mart, Microsoft, or General Motors when they think about businesses. But businesses come in a variety of sizes and shapes under the category of explicit costs, as the table below shows. Most businesses in the US have less than 20 employees. According to estimates from the US Census Bureau, there were 5.7 million firms operating in the US economy in 2010. Less than half of all workers in private companies are employed by the 17,000 large firms, or companies with more than 500 employees. 35% of workers in the US economy are employed by businesses with fewer than 100 personnel. These small businesses include everything from dentists and lawyers to companies that mow lawns or clean houses. Millions of small, non-employer businesses run by lone proprietors or a few partners accept whatever money they can get; these companies don't have their own category in the table.
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jamboard and slides are two tools that can be used to organize information to be shared in engaging and creative ways. drag and drop the features to each tool.
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The features have been matched with the corresponding tool as follows:
Slides: add a drop shadow to images and graphicsSlides: share with comment rightsSlides: publish to the webSlides: edit the themeJamboard: use the marker, brush, or eraser toolsJamboard: insert a sticky note in multiple colorsJamboard: draw in the frame using the stylusJamboard: guide students with the laser pointerHow do slides and Jamboard work?Jamboard is a sort of interactive whiteboard tool that is developed with the aim of facilitating learning and collaborative efforts. This tool can be used to pull up images from the web and it also contains a stylus and eraser that can be used to write thoughts and also erase any unwanted thoughts. So, a sticky note in multiple colors can be used on this tool. It also has a laser pointer that can serve as a guide during use.
Slides are also digital presentation tools. Drop shadow can be applied to images and graphics as is also obtainable in Word. Users can share comments with rights and the presentation can be published to the web and saved on the cloud.
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If cae of emergency, can you entrut your valuable item like jewelrie in a pawnhop? Why/why not?
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You can redeem the pawn at any time by paying what you owe and obtaining the item back. If you do not repay the loan throughout the redemption amount, the lender will sell it to recover the money.
Since people seeking a pawn loan generally cannot qualify for a conventional loan, the chance of default is higher. that is why pawn retailers build loans with well higher interest rates than banks generally charge for private loans. State law governs the number of interests a pawn look is allowed to charge.
Unfortunately, the mercantilism of your jewelry to a pawn look is probably going to ensure you the all-time low quantity of cash in exchange for your valuables because of the pawn look.
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preferred stock: multiple choice is always reported as a liability. is not included in either liabilities or stockholders' equity. is always reported as part of stockholders' equity. can have features of both liabilities and stockholders' equity.
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Preferred inventory: will have capabilities of each liabilities & stockholders' fairness.
The required details for preferred stock in given paragraph
Preferred inventory is a part of proportion capital which can have any mixture of capabilities now no longer possessed with the aid of using not unusual place inventory, such as residences of each an fairness and a debt instrument, and is normally taken into consideration a hybrid instrument. Preferred shares are senior (i.e., better ranking) to not unusual place inventory however subordinate to bonds in phrases of claim (or rights to their proportion of the belongings of the company, for the reason that such belongings are payable to the returnee inventory bond) and can have precedence over not unusual place inventory (normal shares) within side the charge of dividends and upon liquidation. Terms of the favored inventory are defined within side the issuing company's articles of association or articles of incorporation.
Like bonds, favored shares are rated with the aid of using major credit score score agencies. Their rankings are normally decrease than the ones of bonds, due to the fact favored dividends do now no longer deliver the identical ensures as hobby bills from bonds, and due to the fact favored-inventory holders' claims are junior to the ones of all creditors.
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Name the operating philosophy discussed in chapter 8 that is used to help manage operations in the supply chain.
Answers
Answer:LEAN
Explanation:
LEAN is an operating philosophy of waste reduction and value enhancement. It was originally created as the Toyota Production System (TPS) by key Toyota executives.
one difficulty that decision makers experience in problem identification is that suppliers, employees, and customers offer and withhold information that distorts the situation. this problem is known as
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One difficulty that decision makers experience in problem identification is that suppliers, employees, and customers offer and withhold information that distorts the situation. this problem is known as Stakeholder Framing.
What is a Stakeholder?Stakeholders are any people or organizations that are impacted by a project, initiative, policy, or organization, either favorably or unfavorably. They may be internal (employees employed by your business) or external (people outside of your organization).
As a result, stakeholders are individuals, teams, or groups who have a direct or indirect relationship with or impact on a project, good, service, or company. Stakeholders consequently influence a company's business approach.
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heddon industries produces two products. the products' identified costs are as follows: product a product b direct materials $ 21,000 $ 16,000 direct labor 15,000 25,000 the company's overhead costs of $55,000 are allocated based on labor cost. assume 5,000 units of product a and 6,000 units of product b are produced. what amount of production costs would be assigned to product a
Answers
An amount of $56625 of manufacturing costs will be assigned to the product.
To calculate the overhead rate, divide the indirect costs by the direct costs and multiply by 100.
Cost of production is the total cost incurred by a business to either produce a product or offer its services. Production costs typically include supplies and raw materials that are consumed during production, along with labor expenses.
OH rate as % of DLC:
Overheads 55000
Divide: DLC 40000
OH rate as % of DLC: 137.50%
The total production cost of Product A:
Direct material 21000
Direct Labour 15000
OH (15000 × 137.50%) 20625
The total Production cost of Product A: 56625
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in addition to showing your home and marketing it to potential buyers, real estate agents can screen potential home buyers to see if they___for mortgage financing.
Qualify
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In addition to showing your home and marketing it to potential buyers, real estate agents can screen potential home buyers to see if they qualify for mortgage financing.
Finance is the examination and field of money, foreign money and capital assets. it's miles related to, but now not synonymous with economics, the take a look at of manufacturing, distribution, and intake of money, property, goods and offerings.
Finance, of financing, is the process of elevating finances or capital for any type of expenditure. it is the procedure of channeling various price range in the form of credit scores, loans, or invested capital to those financial entities that maximum want them or can place them to the most efficient use.
even as the time period enterprise financing can suggest the same component as obtaining a financial institution mortgage, typically it implies searching for the cash from a non-conventional source, together with an opportunity financing organization. financial institution loans and loans from credit score unions are based according to the monetary history and reputation of the borrower.
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What 5 steps would you take to open a bank account for a client?.
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The following are the steps to open a bank account :
Choose a bank
Confirm eligibility requirements
Choose the right accounts for you
Start the application at your bank
What are the procedure to take open a bank account ?Select a bank: Before opening your bank account, you might want to think about the features, advantages, perks, ATM locations, and types of accounts provided by your preferred bank as well as any applicable monthly service fees and other costs that may apply.
Verify the eligibility criteria: Verify the eligibility and age criteria for opening a savings or checking account with the bank or credit union.
For instance, most banks require a parent or guardian to participate in the process of opening a student checking account, and you typically need to be at least 18 years old to open a checking account. Some banks demand that both applicants be present when applying for a student checking account or a child's first savings account.
Select the appropriate accounts for you: You can typically choose the kinds of products you want in advance of the application procedure, such as a checking account, savings account, or both. Make sure you are familiar with the account features by reading the account papers in their entirety.
Start your bank application there: Visit their local branch or website to learn more about their application process and to access the application once you have decided on a bank or credit union and the type of account.
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If interest rates in the overall economy decrease to 4 percent, which one of the following is most likely to be the approximate market value of a $1,000 corporate bond with a fixed interest rate of 6 percent?.
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If interest rates in the overall economy decrease to 4 percent, the approximate market value of a $1,000 corporate bond with a fixed interest rate of 6 percent is 1500. Option B.
What is interest rate?The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing was made.
Bond Price = Face value * (Coupon rate / Interest rate)
= 1000 * (0.06 / 0.04)
= $1500
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if interest rates in the overall economy decreases to 4 percent, whoch one of the following is mosy likely to be the approximate market value of a 1,000 corporate bond with a fixed interest rate of 6 percent?
A) 1,000
B) 1,500
C) 4,000
D) 6,000
on january 1, 2024, paradise tours borrows $47,000 by agreeing to a 6%, six-year note with the bank. loan payments of $778.93 are due at the end of each month with the first installment due on january 31, 2024. Record the issuance of the installment note payable and the first two monthly payment.
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Paradise Tours borrows $47,000 by signing a 6%, six-year note with the bank. Loan payments due at the end of each month are $778.93. The records for the issueance of the installment notes payable for the firtst two monthly payment are:
January 31, 2024
Notes payable $543.93
Interest expense $235
Cash $778.93
February 29, 2024
Notes payable $546.65
Interest expense $232.28
Cash $778.93
Notes payable is a long-term liablity indicated the money a company owes to the bank. Notes payable are due beyond 12 months up to within 5 years.
Based on the case, we kow that the bank gives loan to Paradise Tours as six-year note with amount of $47,000 and 6% interest rate. Because the interest is in per annum, we need to find the interest for the respective month.
Month 1 (Januray 2024)For the first month, the interest due for Paradise Tours to pay is:
interest expense = $47,000 x 6% : 12
interest expense = $235
Because the monthly loan payment is $778.93, hence the notes payable paid should be the reminding of the monthly loan payment minus the interest expense of the month.
Notes payable = $778.93 - $235
Notes payable = $543.93
Month 2 (February 2024)On the second month, the amount of notes payable owned by Pradise Tours has changed because the first month payment has taken place. The current notes payable amount is:
Reminding Notes payable = Initial notes payable - notes payable paid in month1
Reminding Notes payable = $47,000 - $543.93
Reminding notes payable = $46,456.07
The interest due for the second monthly payment should be calculated based on the reminding notes payable amount. The interest due for the second monthly payment is:
Interest expense = $46,456 x 6% : 12
Interest expense = $232.28
The notes payable paid by the second monthly payment is:
Notes payable = $778.93 - 232.28
Notes payable = $546.65
Hence, the records for the issuance of the first two monthly payment by Paradise Tours are:
January 31, 2024
Notes payable $543.93
Interest expense $235
Cash $778.93
February 29, 2024
Notes payable $546.65
Interest expense $232.28
Cash $778.93
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