When I get a job and so you will have money set aside for when the government comes and takes everything you own.
Answer: d. 2.27
Explanation:
Asset Turnover = Total sales / Average Assets
Last years turnover ratio was 2.0 so assume Sales were $20 and Assets were $10 which would give the turnover of 2.0
The new turnover would be;
= (20 * 1.25)/(10 * 1.1)
= 25/11
= 2.27
Answer:
please explain english we dont understand
Explanation:
Answer: a. Credit to Unrealized Gain-Equity for $4,000.
Explanation:
Because the investment is an AVAILABLE FOR SALE investment, gains and losses made on it are recorded under COMPREHENSIVE INCOME in the Equity section as Unrealized gains or losses.
Because this is profit, it is treated as Unrealized gains and is Credited in the Equity section under Comprehensive income.
You however only record the gains or losses and not the whole amount because the investment is recorded at Fair Value as an asset.
Therefore in this scenario, the gain is $20,000-$16000 which is $4000. That is what is recorded as an Unrealized gain.
<span>The answer is
number 1, conspicuous consumption. It is the acquisition of goods or services
for the particular purpose of displaying one's wealth. Conspicuous consumption
is a means to display one's social status, especially when the goods and
services publicly displayed are too expensive for other members of a person's
class. This kind of consumption is characteristically associated with the
wealthy but can also relate to any economic class. The concept of consumerism
stems from conspicuous consumption.</span>
