Answer:
The Role of the Market. The United States is said to have a mixed economy because privately owned businesses and government both play important roles. When economic forces are unfettered, The Americans believe that the supply and demand determine the prices of goods and services.
Answer:
D. A credit of $800
Explanation:
The accumulated depreciation is the total depreciation over the years of use of an asset. It usually has a credit balance.
Hence where Accumulated Depreciation has a balance of $600 in the Unadjusted Trial Balance column and an adjustment of $200 in the Adjustments Credit column, the total balance in the Adjusted Trial Balance column is the sum of the two credits
= $600 + $200
= $800 (credit)
Answer:
A. Gain on Disposal will be credited
Explanation:
In this question we have to compare the purchase price and sale price per share which is shown below:
The Purchase price per share would be
= Total amount invested ÷ number of shares acquired
= $24,000 ÷ 5,000 shares
= $4.8 per share
And, the sale price per share would be
= Total amount ÷ number of shares sold
= $13,250 ÷ 2,000 shares
= $6.625 per share
Since the sale price per share is higher than the purchase price per share which reflects the gain.
Answer:
Explanation:
Before showing how short term debt should be presented before doing this we have to classify the items in each head
Like - In current liabilities, notes payable is recorded at $11,500
And, in the long term liabilities, the proceed after brokerage fees for $1,147,500 should be recorded.
The total amount would remain the same i.e $1,159,000
Kindly find the attachment below:
Answer:
The correct answer is defined contribution plan.
Explanation:
The defined contribution plan is a pension plan in which the company agrees to make monetary contributions each year for the benefit of the employee.
Generally, in a defined contribution plan the employee has the right over the invested assets and is free to withdraw the accumulated funds if his retirement occurs prematurely. For this reason, the defined contribution plans are said to have portability, that is, if the employee ends his employment relationship with the company, he can transfer his funds to his new company's pension plan or to a private pension plan.
Upon retirement, the employee can access the accumulated funds, but unlike in the defined benefit plans, no amount is guaranteed. The investment risk is assumed entirely by the employee.
For example, the company can contribute 1% of salary to a pension fund every month. The employee can also contribute part of his salary to this plan.
