Answer:
$2,500,000
Explanation:
Data provided
Ending assets = $1,500,000
Inventory turnover = 6.0 times
Net sales = $8,000,000
The computation of beginning total asset balance is shown below:-
Average total assets = $8,000,000 ÷ 4
= $2,000,000
Total assets = $2,000,000 × 2
= $4,000,000
Beginning assets = Total assets - Ending assets
= $4,000,000 - 1,500,000
= $2,500,000
Therefore we applied the above formula
Answer:
The Business Auto Coverage Form does not cover automatic coverage for physical damage to trailers.
The correct answer is C
Explanation:
Trailers used for business purposes may be covered by physical damage coverage but they are not covered by automatic coverage.
Answer:
$90
Explanation:
Option B is wrong because $1,035 is the dividend received from the company by Elizabeth.
Option C is wrong because $270 is the current market price of each share.
Option D is incorrect because $10,350 is the common stock value of 115 shares.
Option A is correct because $90 is Elizabeth's per-share basis in the company for which she received a dividend. Share's price increased to $270 after success.
Answer:
Date Account titles and explanation Debit Credit
1-1-21 Bond interest payable $46,000
Cash $46,000
(To record payment of interest)
1-1-21 Bond payable $155,000
Loss on redemption bond $15,500
(155,000/100*10)
Cash $170,500
(To record bond redemption)
31-1-21 Interest expenses $36,450
Bond interest expenses $36,450
(560,000-155,000)*9%
(Adjusting entry to accrue the interest on the remaining)
Human capital increase throughout a career because related jobs develop skills for a specific field of work. Humans can develop skills and gain knowledge through the field of work and improve these skills, if they have the passion to develop it.
so c
