Suppose the observed annual quantity of steel exchanged in the European market is 30 million metric tons, and the observed marke

Answer: B) Deposit the money into Killian’s account, calculate his commission afterwards, then subtract that amount to determine the final sum owed to the principal, followed by issuing a check to the principal within 3 business days.

Explanation:

Killian has options for depositing the funds into the principal's account, an escrow account, or even into the broker's trust fund, depending on what is agreed upon with the seller; however, he cannot retain the funds for personal use. Killian is only entitled to earn his commission after the sale closes.

Advance commissions are not permissible, since various circumstances could prevent the successful execution of the deal, such as the home could be destroyed, the banking system collapsing, or the demise of either buyer or seller, among other unlikely events.

Answer:

Both price and quantity rise

Explanation:

The reduction in soda prices boosts soda demand. As moviegoers typically enjoy popcorn along with their drinks, this spike in soda demand can lead to increased demand for popcorn, thereby raising both its price and quantity.

Response:

For the year 2010

Degree of combined leverage equals 3.82

For the year 2011

Degree of combined leverage equals 4.11

Clarification:

The degree of combined leverage of the company is computed using the formula provided:

Degree of combined leverage = Contribution margin / EBT

Where

Contribution margin is calculated as:

Contribution margin = Sales - Variable Costs

EBT (Earnings before tax) is calculated as:

EBT = EBIT - Interest

Now, calculate accordingly using the formula:

For 2010:

Contribution margin: $700,000 - $406,000

= $294,000

EBT = $119,000 - $42,000

= $77,000

Degree of combined leverage: $294,000 / $77,000

= 3.82

For 2011:

Contribution margin: $760,000 - $448,000

= $312,000

EBT: $122,000 - $46,000

= $76,000

Degree of combined leverage: $312,000 / $76,000

= 4.11

Response:

advertising expense 387 debit

prepaid expense 387 credit

--to document expired advertising at the year's end ---

Details:

1,548 represents the value over 36 months

From April to December 31, 9 months have elapsed thus:

1,548 x 9/36 = 387 expired advertising

We will reduce our prepaid account and record the advertising expense for the expired amount

The prepaid expense is classified as an asset since it grants us the right to receive advertising for our product and brand during the contract period. Therefore, we credit it to decrease it

while the expense will debit our equity

The options for the question are missing.

A) extranet

B) corporate portal

C) intranet

D) executive information system

Answer:

Extranet.

Explanation:

An extranet is defined as a secure network tailored for information sharing. This type of network is set up by a business to provide specific data to customers and suppliers while restricting their access to sensitive company information.

It simplifies information exchange with potential clients and various stakeholders, enhancing customer support by delivering relevant details to address their inquiries.