1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wlad13 [49]
2 years ago
15

__________ is an example of a term that is unique to a regional culture in the United States. a. Nope b. Fix’n c. Cool d. Really

Business
2 answers:
insens350 [35]2 years ago
8 0

Answer:

B. Fix'n

Explanation:

I got a 100% on my quiz

vfiekz [6]2 years ago
7 0

Answer:

B

Explanation:

You might be interested in
What is diminishing marginal returns?
Bumek [7]
In economics, diminishing returns is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

8 0
2 years ago
On January 1, 2017, Marin Company purchased 12% bonds, having a maturity value of $320,000, for $344,260.74. The bonds provide t
kap26 [50]

Answer and Explanation:

The Journal entry is shown below:-

1. Debt Investment Dr, $344,260.74  

       To Cash $344,260.74

(Being cash paid is recorded)

2. Interest Receivable Dr, $38,400  

       To Debt Investment $3,973.93

        To Interest Revenue $34,426.07

(Being interest received is recorded)  

Fair Value Adjustment  Dr, $1,713.19  ($342,000 -$340,286.81)

     To Unrealized Holding Gain or Loss - Equity $1,713.19

(Being fair value adjustment is recorded)

3. Unrealized Holding Gain or Loss - Equity  $7928.68

($335,915.49 - $329,700 + $1,713.19)

       To Fair Value Adjustment 7,928.68

(Being unrealized loss or gain is recorded)

Working note

 Book value of    Interest         Interest     Amortization  Book value

  debt beginning  Revenue   Receivable   (d = c - d)       of debt

        (a)                    b=(a × 10%)      c                                    at the end

                                             ($320,000 × 12%)                   (e - d)

$344,260.74      $34,426.07    $38,400      $3,973.93  $340,286.81

$340,286.81      $34,028.68    $38,400       $4,371.32   $335,915.49

8 0
3 years ago
Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) record a liability, (b)
salantis [7]

Answer:

1. Huprey can resonably estimate that a pending lawsuit will result in damages of $1,280,000, it is probable that Huprey will lose the case.

  • Record a liability.  

2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable.

  • Disclose in notes.

3. Huprey is being sued for damages of $2,400,000. It is very unlikely (remote) that Huprey will lose the case.

  • Have no disclosure.

Explanation:

Contingent liabilities must be recorded only when it is probable that the liability will happen and you can estimate the associated costs.

When contingent liabilities are only reasonably possible or you cannot estimate the amount, they must be included in the footnotes of the financial statements.

When contingent liabilities are not reasonably possible, nothing needs to be disclosed.

7 0
3 years ago
Under the allowance method, bad debts expense is recorded with an adjustment at the end of each accounting period that debits th
Crank

Answer:

Dr. Allowance for Doubtful Accounts...1,200

Cr. Accounts Receivable....................................1,200

Explanation:

When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:

A credit to Accounts Receivable (to remove the amount that will not be collected)

A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)

Therefore the JOURNAL ENTRIES for the $1,200 uncollectible debt will be

Dr. Allowance for Doubtful Accounts...1,200

Cr. Accounts Receivable....................................1,200

8 0
3 years ago
What did Apple and other publishers seek to do?
pantera1 [17]

Answer:

they wanted to eliminate prices

Explanation:

hope this helped :)

3 0
2 years ago
Other questions:
  • Western Company is preparing a cash budget for June. The company has $11,200 in cash at the beginning of June and anticipates $3
    15·1 answer
  • Which of the following is NOT an employer responsibility stated in OSHA’s Bloodborne Pathogens Standard?
    10·2 answers
  • During the current year, Sedgewick Inc. had sales on account of $264,000, cash sales of $108,000, and collections on account of
    14·1 answer
  • Why might the revenue and cost figures shown on a standard income statement not represent the actual cash inflows and outflows t
    8·1 answer
  • Review Question 1 What is meant by deadweight​ loss? Why does a price ceiling usually result in a deadweight​ loss? Deadweig
    13·1 answer
  • Juan invests a total of $350000 in two accounts. The first account earned a rate of return of 3% (after a year). However, the se
    12·1 answer
  • Marketing managers from two companies agree that competing to offer the lowest prices has been hurting their profit margins, so
    8·1 answer
  • Sheridan Company borrowed $3200000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during t
    11·1 answer
  • What is the first step in setting up a budget? (1 point)
    14·1 answer
  • Good Work Week at Allstate helps employees prepare for future challenges and responsibilities both at work and in their personal
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!