Answer:
Revenue from investment = 229,400
Explanation:
Given:
Purchased shares = 37,000
Value per share = $52
Sherman Corporation total shares = 100,000
Cash dividends = $162000
Net income = $620000
Find:
Revenue from investment = ?
Computation:
Revenue from investment = Net income (Purchased shares / Sherman Corporation total shares)
Revenue from investment = $620000 (37,000 / 100,000)
Revenue from investment = 229,400
Answer:
Ending inventory= $1514
Explanation:
Giving the following information:
Beginning inventory: 320u*$5.00= $1600
Purchase, (1/15/2017)= 160u*5.70= $912
Purchase, (1/28/2017)= 160u*5.90= $944
Ending inventory= 260u
The company uses FIFO (first in, first out).
What is the value of ending inventory?
Ending inventory= 160u*5.90 + 100u*5.70= $1514
Answer:
B)secure industries that are expected to grow.
Explanation:
The other person was right but just accidently said A) instead of B)
Hope this helps! :D
Answer: b.Correctly ignored a sunk cost
Explanation:
Sunk costs are those that are already incurred and should not have any influence on the decision to be made.
The cost of the ticket to the play has already been incurred and could not be sold, exchanged or transferred so was a sunk cost. By going to the concert with Simone, Ravi decided to ignore a sunk cost and he was correct to do so.
Answer:
B. Unearned Revenue and a credit to Service Revenue.
Explanation:
The adjusting entry is given below:
Unearned revenue $1,000
To Service revenue $1,000
(Being service revenue is recorded)
Here unearned revenue is debited as it decreased the liabilities and credited the service revenue as it increased the revenue
Therefore the option b is correct