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Alinara [238K]
3 years ago
10

On January 1, 2020, Sheffield Company purchased at face value, a $1230, 10% bond that pays interest on January 1. Sheffield Comp

any has a calendar year end. The adjusting entry on December 31, 2020, is:
Business
1 answer:
kupik [55]3 years ago
4 0

Answer:

Dr Interest receivable 123

    Cr Interest revenue 123

Explanation:

Since Sheffield Company purchased the bonds at face value, all they need to report is accrued interest receivable. Since the interest is paid on January 1, they already have earned a year worth of interest.

Dr Interest receivable 123 (= $1,230 x 10%)

    Cr Interest revenue 123

The next day, January 1, you will need to record the interest received:

Dr Cash 123

    Cr Interest receivable 123

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When an industry is a natural monopoly:
Margaret [11]

Answer:

The answer is D a larger number of firms will lead to a higher average cost

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Game theory can help us understand why Xerox did not successfully exploit the opportunity it had in IT. If Xerox commercializes
Arisa [49]

If Xerox commercializes PC technology and its rivals do not Xerox payoff is expected to be $250m, whereas the competitors’ payoff is $75m.

<h3>What is game theory?</h3>

This is the game strategy that involves two players where each of the players have to pick the most favorable choice based on the choice of the other person.

Here it would be best for Xerox to pick option B because this is where they would be able to get the most advantage.

Read more on game theory here:

brainly.com/question/13548182

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<h3>Complete question</h3>

Game theory can help us understand why Xerox did not successfully exploit the opportunity it had inIT. If both Xerox and competitors continue with old technology the payoff for XeroxSelect one:a.

is $150m, whereas the competitors’ payoff is $325m.

b. is $2

50m, whereas the competitors’ payoff is $75m.

c.

is $75m, whereas the competitors’ payoff is $250m.

d.

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3 0
1 year ago
A monopolistically competitive market A. is imperfectly competitive, and all imperfectly competitive markets are monopolisticall
Gala2k [10]

Answer:

D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.

Explanation:

Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.

4 0
3 years ago
Read 2 more answers
addresses unknown parameters in the real world that parallel descriptive measures of very large population? A. The sample mean /
Airida [17]

Answer:

The answer is "Option B".

Explanation:

Inferential statistics was its process through which data collection is used to conclude the property or even an implicit wave function. Its analysis infers these same features of inhabitants. Its purpose is to use statistical strategies to determine important assumptions regarding sample size, and  other choices were wrong which can be defined as follows:

  • In option A, it defines the average of the given values, that's why it is wrong.
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7 0
3 years ago
Companies HD and LD are both profitable, and they have the same total assets (TA), total invested capital, sales (S), return on
GaryK [48]

Answer:

Option D is correct.

Explanation:

Both company will have same Equity multiplier as total assets and equity are same of both companies. So Option A and B is incorrect.

Option C is also incorrect because there is no difference between the sales and total assets of both companies.

Option D is correct because the return on equity of the company LD is higher as the Net profit which is profit after interest and tax is higher than the profit after interest and tax of the company HD.

ROE = PAIT / Equity

Option E is wrong because when we say ROA is same this means that the operating income is same.

ROA = Operating profit / Total assets

Remember that the operating profit is earnings before interest and tax.

7 0
3 years ago
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