Answer:
The journal entry will be as follows;
Explanation:
Cash Dr.$34,000
Land Dr.$127,000
Inventory Dr.$57,700
Note Payable Cr.$50,000
Capital-Fisher Cr.$168,700
With contribution of assets net off of note payable by partnership,the fisher capital will be recorded in partnership.
Answer:
The correct answer is B
Explanation:
As the restaurant is sued as the customer claims that the customer found the bug in chili. The lawyers of the company believe that it is the remote possibility, that the lawsuit consequence into an actual liability.
The action which is to be taken by the management of the company is that the possible liability need to be ignored as it is the remote possibility, so, no actions required.
<h3>
Answers:</h3><h3>
Invest $1785.71 in stock X</h3><h3>
Invest $3214.29 in stock Y</h3>
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Explanation:
x = amount to invest in stock X
y = amount to invest in stock Y
x+y = 5000 = total amount to invest
y = 5000-x after subtracting x from both sides
If you invest x dollars and get a 15% return, then you earn 0.15x dollars
Let A = 0.15x
If you invest y = 5000-x dollars and get a 8% return, then you earn 0.08y = 0.08(5000-x) = 400-0.08x dollars in return
Let B = 400-0.08x
In total, you would earn A+B = 0.15x+(400-0.08x) = 0.07x+400 dollars. Set this equal to 10.5% of 5000, which is 0.105*5000 = 525. This means we want to earn 525 dollars in return. Set 0.07x+400 equal to 525 and solve for x
So,
0.07x+400 = 525
0.07x = 525-400
0.07x = 125
x = 125/0.07
x = 1785.71
y = 5000-x
y = 5000-1785.71
y = 3214.29
<span>When the parties to a contract express their agreement in a writing that is deemed an "integration" of their agreement, a court will deal with evidence of other written or oral expressions relating to the bargain by making them inadmissible to wary the terms of the writing, which is true for any written or oral expression made prior to the writing, as well as any oral expressions made contemporaneous with the writing.</span>
Answer:
A. 1.30
Explanation:
In order to find portfolio beta we will multiply each individual stock's beta with its weight in the portfolio. Stock X has a weight of 75%(75,000/100,000) and a Beta of 1.5. Stock Y has a weight of 25%(25,000/100,000) and a Beta of 0.7.
Portfolio Beta = (1.5*0.75)+(0.70*0.25)=1.3