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1 year ago

1.Summarize and write what you have understood from this article

Business

1 answer:

frutty [35]1 year ago

5 0

The understood point from this article was the problem faced in market activities in Bangladesh,India and China in general.

<h3>As an investor, how would i invest?</h3>

Because of the challenges faced by the credit system (surge of interest rate) because of the Cov-id-19 lock-down, then, i will adopt the policy of conservative financial practice for my organization.

<h3>What precautions should investor and bank take?</h3>

In order to be be more secured from risk, they need to be more risk-averse and effect an insurance policy to compensate against such risk peril, if any happens.

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Crosley Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year perio

Misha Larkins [42]

Answer:

A.$230,410

B. 01-Jan-17

Lease Receivable $230,410

Cost of Goods Sold $160,000

Sales Revenue $230,410

Inventory $160,000

01-Jan-17

Dr Cash $35,004

Cr Lease Receivable $35,004

31-Dec-17

Dr Lease Receivable $11,724

Cr Interest Revenue $11,724

C)01-Jan-17

Dr Cash $35,004

Cr Deposit Liability $35,004

D. Dr Inventory $1,000

Cr Gain on Lease $1,000

Explanation:

A. Computation for the amount of the lease receivable.

PV of lease= PV(rate, nper, pmt, [fv]), [type])

PV of lease= -PV (6%,8,35004, , 1)

PV of lease =$230,410

Therefore the amount of the lease receivable is $230,410

B. Preparation of all necessary journal entries for Crosley for 2020.

01-Jan-17

Lease Receivable $230,410

Cost of Goods Sold $160,000

Sales Revenue $230,410

Inventory $160,000

01-Jan-17

Dr Cash $35,004

Cr Lease Receivable $35,004

31-Dec-17

Dr Lease Receivable $11,724

Cr Interest Revenue $11,724

C. Preparation of all necessary journal entries for the company in 2020.

01-Jan-17

Dr Cash $35,004

Cr Deposit Liability $35,004

D. Preparation to Record the entry to recognize the receipt of the asset for Crosley at the end of the lease term

Dr Inventory $1,000

Cr Gain on Lease $1,000

6 0

3 years ago

Presented below are three transactions. Mark each transaction as affecting common stock, dividends, revenue, expense, or not aff

Julli [10]

Answer:

a)Received cash for services performed.

+ Assets (cash)

+ revenues (fees earned)

This has impact on stockholders equity as the revenues increase the earnings of the business. The company receives an asset (cash increasease of their services, that asset received is what icnrease the value of the company)

b)Paid cash to purchase equipment.

+ Assets (equipment)

- Assets (cash)

This transaction doesn't involve Equity It is just a change in the Assets compositions. It has no impact on the income neither.

Explanation:

6 0

3 years ago

Which of the following is true about a "credit"?I. It is part of the double-entry procedure that keeps the accounting equation i

likoan [24]

Answer:

ALL

Explanation:

All of the following is true about a "credit"

I. It is part of the double-entry procedure that keeps the accounting equation in balance because, double entry is made up of 'debit' and 'credit' as the principle states: 'credit the giver and debit the receiver' hence, in order for the accounting equation to be balanced, every debit must have a corresponding credit

II. It represents a decrease to assets because just like the principle states: 'credit the giver and debit the receiver', it therefore implies that a 'credit' entry will decrease the balance on the account because it is giving.

III. It represents an increase to liabilities because liability accounts already have credit balances by nature, therefore a 'credit' entry will be increasing the already existing credit balance.

IV. It is on the right side of a T-account. This is a true statement because in T-account construction the debit is on the left and the credit on the right.

5 0

3 years ago

The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accountin

slava [35]

Answer:

It's false

Explanation:

8 0

2 years ago

You have decided that you want to attend a costume party as Iron Man. You estimate that it will cost $40 to assemble your costum

Sav [38]

Answer:

b) $25

Explanation:

Marginal cost is the added expense incurred by undertaking an extra activity, be it selling or production. The marginal concept is applied to determine the viability of engaging in extra activity. Marginal cost is a result of an extra unit of input. It can be additional labor hour, extra worker, or an extra unit produced.

In this case, the marginal cost will be $25. It the extra expense incurred to complete the costume. Marginal cost is the additional cost beyond the expected arising from an extra activity.

4 0

3 years ago

Read 2 more answers