on august 1, paid $72,000 cash to purchase houtte's 9%, six-month debt securities ($72,000 principal), dated august 1.

1 answer:

6 0

Here short term investment is debited as it increased the asset and credited the cash as decreased the asset.

here cash is debited as it increased the asset and credited the interest revenue as it also increased the revenue.

What Are Short-Term Investments?

Marketable securities, commonly referred to as temporary investments or short-term investments, are financial investments that can be quickly converted to cash, usually within five years.
After only three to twelve months, many short-term investments are sold or turned into cash. CDs, money market accounts, high-yield savings accounts, government bonds, and Treasury bills are a few typical examples of short-term investments.
Short-term investments, also known as marketable securities or temporary investments, are financial investments that can be easily converted to cash, typically within 5 years.
Typically, these investments are high-quality and highly liquid assets or investment vehicles.
Short-term investments may also specifically refer to financial assets of a similar kind, but with a few additional requirements, that are owned by a company.

To know more about Short-term investment visit:

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Milk producers across Arizona and nationwide currently are facing prices that are so low that many dairies have already gone ban

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Question Completion:

What is a price floor?

Answer:

A price floor of $2 for milk producers across Arizona and nationwide means that the government does not want the price of milk to fall below $2. This measure enables dairies to remain in operation. It favors producers to the detriment of consumers, at least in the short-run.

Explanation:

However, assuming that the market was efficient before the price floor was introduced by the government, the price floor of $2 per gallon for milk could cause a deadweight loss to occur. In Economics, a deadweight loss reduces economic efficiency. It implies that consumers pay a higher price for the same quantity of goods they were purchasing before the price floor was introduced. Thus, the reaction of consumers would be to reduce their demand or drop out of the market entirely (instead of producers dropping out of the market through the normal operation of the market forces).

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3 years ago

Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: 2

lubasha [3.4K]

Answer:

$3,000 understated

Explanation:

The computation of the working capital in case of no correcting entries made is shown below:

= Depreciation Expense for 2020 - depreciation expense for year 2021 - ending inventory for 2021

= $18,000 - $6,000 - $9,000

= $3,000 understated

While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation

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3 years ago

Which tool would the government most likely employ during a period of inflation to stabilize the economy?

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During a period of inflation the government will most likely employ the following technique to stabilize the economy: raise government spending.Government may decide to increase government spending as a result of a recession. The increase in government spending or a decrease in taxation is an expansionary fiscal policy.

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3 years ago

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PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

Veronika [31]

B
hope this helps you :)

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3 years ago

HELP PLEASE!!

boyakko [2]

A is the answer because when you add them up you get 6 359.82

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4 years ago

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