Answer:
a. Groupo sells goods to MTN for $1,000,000, payment due at delivery.
- transaction price = $1,000,000
- revenue recognized once the goods are delivered
No journal entry is required until goods are delivered and accepted.
b. Groupo sells goods on account to Grifols for $800,000, payment due in 30 days.
- transaction price = $800,000
- revenue recognized immediately since goods were already delivered
The journal entry:
Dr Accounts receivable 800,000
Cr Sales revenue 800,000
c. Groupo sells goods to Magnus for $500,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $464,000.
- transaction price = $480,000
- revenue recognized immediately since goods were already delivered
The journal entry:
Dr Notes receivable 500,000
Cr Sales revenue 480,000
Cr Discount on notes receivable 20,000
Answer:
The correct option is D, Heirloom.
Explanation:
A garden Plant that has been passed down within a food family and is generally not commercially grown is called a Heirloom Product. Such garden plants are planted by the gardeners for their own and family use. Such plants are not sold commercially. Generally they are planted to be used within the house. Family members use such plants to make foods.
<em><u>gente</u></em><em><u> </u></em><em><u>não</u></em><em><u> </u></em><em><u>tem</u></em><em><u> </u></em><em><u>que</u></em><em><u> </u></em><em><u>fazer</u></em><em><u> </u></em><em><u>a</u></em><em><u> </u></em><em><u>prova</u></em><em><u> </u></em><em><u>de</u></em><em><u> </u></em><em><u>amanhã</u></em><em><u> </u></em><em><u>de</u></em><em><u> </u></em><em><u>manha</u></em><em><u> </u></em><em><u>cedo</u></em><em><u> </u></em><em><u>né</u></em><em><u> </u></em><em><u>e</u></em><em><u> </u></em><em><u>a</u></em><em><u> </u></em>
Answer: $70
Explanation:
First, we need to calculate the purchase price per share and this will be:
= Purchase amount / Number of shares bought
= $7000 / 140
= $50 per share
Therefore, the balance in the Paid-in Capital, Treasury Stock account on August 2 will be:
= [70 × ($52 - $50)] + [70 × ($49 - $50)]
= (70 × $2) + ($70 × $-1)
= $140 - $70
= $70
This is the situation of countries like Germany,
Where exports > imports...
The results is definitely good for the country. It will increase its trade surplus. This allow the country to amassed a huge number of foreign reserves which they can use to invest abroad..
While countries that import > exports, will experienced trade loss/deficit (just think it like the reverse)