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2 years ago

The federal reserve engages in another round of quantitative easing. what are the effects of this policy on the economy?

1 answer:

7 0

Answer: Banks have more funds to issue loans to consumers and businesses, which increases consumer and business spending, employment, and economic growth.

Explanation:

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Berry Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2012, the f

mojhsa [17]

Answer:

$285,000

Explanation:

Please see attachment

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3 years ago

Primer Company acquired an 80% interest in SealCoat Company on January 1, 2013, for $450,000 cash when SealCoat Company had comm

KATRIN_1 [288]

Answer:

b) $665,000.

Explanation:

Primer income: $625,000

SealCoat income: $50,000

Primer interest in SealCoat is 80% therefore primer is a parent company to SealCoat and is entitled to $40,000 (80%*$50,000) on SealCoat income.

Therefore, consolidated net income for 2013 is: $665,000 (625,000+40000)

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3 years ago

) What is the definition of business research? A) The process of analyzing secondary information and providing executives with t

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Answer:

The correct answer is option D) The process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem.

Business research can help organizations to come up with solutions that can help them grow out of problems related to any section of the business. Enough data needs to be collected so the problem can be analysed properly and the solution can be figured out in a productive manner.

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3 years ago

Iris, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Florida and wants to expand to other s

nasty-shy [4]

Answer:

C) Expense $23,000 for 2018.

Explanation:

Iris owns and operates TV rental outlets, so all the expenses she makes while investigating possible purchases of related businesses (other TV rental outlets) can be deducted from her income. This deductions can be made regardless of whether Iris ended up purchasing the new stores or not.

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3 years ago

Required information Skip to question [The following information applies to the questions displayed below.] On November 1, 2019,

abruzzese [7]

The journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

<h3>Unearned rent</h3>

a. Entry

Debit Cash $31,800

Credit Unearned Rent Revenue $31,800

b. Unearned rent:

Unearned Rent = 4/6 months

Two months have been paid up to December which means that 4 months are left for pay out of 6 months.

Hence:

Unearned Rent = 4/6 x $31,800
Unearned Rent = $21,200

c. Journal entry

Debit Unearned Rent Revenue $5200

Credit Rent Revenue $5300

(2/12×$31,800)

Therefore the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

The complete question is:

On November 1, 2019, Gordon Co. collected $31,800 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed.

a. Record the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co.

b. Calculate the amount of unearned rent that should be shown on the December 31, 2019, balance sheet with respect to this lease.

c. Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co.

Learn more about unearned rent here:brainly.com/question/14866803

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2 years ago