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3 years ago

Institutions specialize in raising money for governments and corporations by issuing securities.

2 answers:

3 0

Investment institutions is a specialize in raising money (investment capital) for governments and corporations by issuing securities such as stocks or bonds. People buying a company's securities are buying into a portion of a company and its earnings or income. Investment institutions offers shares or units.

vovikov84 [41]3 years ago

3 0

Institutions specialize in raising money for governments and corporations by issuing securities. Investment institutions. Investment institutions offer shares or units of a company that allow the investor to buy a portion of the company and receive the benefits of its earnings or income. The institutional investor gathers money together to purchase securities or property/other investments to bring in extra funds.

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The entry to record a return by an on account customer of defective merchandise on which no sales tax was charged includes: A. a

Svetach [21]

Answer:

C.a debit to Sales Returns and Allowances and a credit to Accounts Receivable.

Explanation:

The journal entry to record the returns of merchandise is shown below:

Sales return and allowance A/c Dr XXXXX

To Accounts receivable XXXXX

(Being sales return is recorded)

Basically we debited the sales returns and allowances and credited the account receivable so that the proper recording could be made.

4 0

3 years ago

The allegheny corporation purchased machinery for

dezoksy [38]

The complete information is that on January 1 2016 the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 10 years and the estimated residual value is $5,000. With that in mind, the machine is expected to produce 220,000 units during its life. In that case we can calculate a depreciation for 2016 and 2017 and doing it with one of the methods which is called Straight-Line Depreciation which states that:
Choose Numerator: / Choose Denominator: = Annual Depreciation Expense 
Cost minus Salvage / Estimated Useful Life (years) = Depreciation Expense

6 0

3 years ago

Exercise 5-17A Record notes receivable and interest revenue (LO5-7) On April 1, 2021, Shoemaker Corporation realizes that one of

garik1379 [7]

Answer:

The Journal entries are as follows:

(a) On April 1, 2021

Notes receivable A/c Dr. $600,000

To Cash A/c $600,000

(To record loan given)

(b) On December 31, 2021

Interest receivable ($600,000 × 11% × 9/12) A/c Dr. $49,500

To Interest revenue $49,500

(To record accrued interest)

(c) On April 1, 2022

Cash A/c Dr. $666,000

To Notes receivable $600,000

To Interest receivable $49,500

To Interest revenue $16,500

(To record collection)

Notes:

Interest revenue on April 1, 2022:

= 11% of loan amount for 12 months - Accrued interest

= 0.11 × $600,000 - $49,500

= $66,000 - $49,500

= $16,500

7 0

3 years ago

What is the movement of an economy from one condition to another and back again

pav-90 [236]

The business cycle is the movement of an economy from one condition to another and back again. The business cycle is also known as the economic cycle or trade cycle. This cycle represents the movement of resources from one end and their comeback at the same end after revolving. It can be understood as a businessman invests money in the business in the form of costs and the money comes back in the form of revenue or sales.

Hence the answer is the Economic cycle

3 0

3 years ago

Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activi

oee [108]

Answer:

$10,241.53

Explanation:

Using the activity-based costing system, Overhead cost for Product K91B would be?

Setting up batches 89 batches x $59.56= $5300.84

Processing customer orders 39 orders x $72.96= $2,845.44

Assembling products 493 hours x $4.25= $2,095.25

Total Overhead cost $10,241.53

7 0

3 years ago