Answer:
Credit to Gain on Sale of Investments for $2,400
Answer and Explanation:
The computation of the missing amounts are shown below:
Common Stock $3,180
Dividends $130
Net income (loss) $1,563 (($5,047 - $3,614) + $130)
Retained earnings, beginning of year $3,614
Retained earnings, end of year $5,047
Total assets $15,584
Total expenses $3,004 ($4,567 - $1,563)
Total liabilities $7,357
Total revenues $4,567
Answer:
The correct answer is letter "A": Modify.
Explanation:
The SCAMPER approach is useful when analyzing how to implement new ideas into existing products or services. SCAMPER stands for <em>Substitute, Combine, Adapt, Modify, Put to another use, Eliminate, </em>and <em>Reverse</em>.
The Modifying function implies asking questions such as "<em>What could you add to modify this product</em>?" or "<em>What element of this product could you strengthen to create something new</em>?" which looks for spotting lacking features of products to improve them according to consumers' preference.
Thus, <em>by deciding to change the spices of Indian traditional food for less spicy ingredients to fit Americans' food habits, Rashmi is using the modifying component of the SCAMPER tool.</em>
<u>Calculation of Average Collection period:</u>
It is given that Leisure products have sales of $738,800 and accounts receivable of $86,700. It order to find how long on average does it take the firm's customers to pay for their purchases, we need to calculate the Average Collection period as follows:
Average Collection period = Average Accounts Receivable *365 / Sales Revenue
= 86700*365 / 738800
= 42.83
(Note: it is assumed that Average Accounts Receivable is $86,700)
Hence, it take around <u>42.83 days </u>to the firm's customers to pay for their purchases.
Answer: B. I and IV
Explanation:
Here is the completed part of the question:
I that occur 5 business days prior to the effective date
II that occur 20 business days prior to the effective date
III can only be effected on an upbid
IV cannot be covered by purchasing the issue from the syndicate
A. I and III
B. I and IV
C. II and III
D. II and IV
The Rule 105 of the Security Exchange Commission Regulation M covers the activities in the secondary market that are related to the public offerings they have been registered and also limits syndicate members purchasing securities during the 20 days cooling off period.
Therefore, Rule 105 of Regulation M, covering transactions that occur in the secondary market during the 20-day cooling off period for "add on" securities offerings, requires that any short sales of the issue that occur 5 business days prior to the effective date and cannot be covered by purchasing the issue from the syndicate