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3 years ago

Adrian owns an older used car that is valued at about $1,000.

Business

1 answer:

Liula [17]3 years ago

0 0

Answer:

Purchasing insurance can help Adrian minimize risk. Adrian’s best decision in this case is to not buy the insurance because the policy is too expensive in relation to the value of his vehicle

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Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2017. The sales price includes an insta

Shkiper50 [21]

Answer:

The revenue from sales to be recognized by Shaw is $390,000

Explanation:

A) Journal entry to record the sale on January 2, 2017

Date Particulars Debit Credit

January 2, 2014 Accounts Receivable $410,000

Sales Revenue $370,000

Unearned Service Rev $40,000

Being the recording of sales and unearned service revenue

Cost of Goods Sold $300,000

Inventory of Merchandise $300,000

B) Shaw should recognise the following Revenue from Sales to Ricard

Sales Revenue $370,000

Service Revenue (3/6 x $40,000) <u>$20,000</u>

Due to the fact that accounts end March 31st, $390,000

2017, only 3 months will be accounted for under

service revenue for the year

Therefor the revenue from sales to be recognized by Shaw is $390,000

5 0

3 years ago

Will give brainliest! 30 pts

liraira [26]

Answer:

The answer is C and I am sure about that, so choose C

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3 years ago

The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000

Sedbober [7]

Answer:

company can value of $190909.1

Explanation:

Given data:

current assets = $1,312,500

current liabilities = $525,000

initial inventory level is $380,000

current ratio = 2.2

current liabilities is calculated as $= \frac{Current/ Assets}{current/ ratio}$

plugging all value in above relation

current liabilities $= \frac{1312500}{2.2}$

current liabilities = $ 596590.90

and we know current liabilities is $525,000. Thus company can value of $190909.1

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3 years ago

Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, popul

frez [133]

Answer:

B. It increased, but it less than doubled

Explanation:

Real GDP per person is defined as the total economic output divided by the total number of people. It is used in roughly indicating the standard of living.

An increased in the nominal GDP 3 times its formal will lead to a proportionate increase in the GDP per person statistics. But I was a noted that there was a 100% increase in population, meaning that population doubled. This indicates that the GDP per person increased but it less than double because of the population doubling in that period of time.

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3 years ago

Read 2 more answers

The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% an

Alecsey [184]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago