QUESTION 2 / 10

To raise wealth and stimulate private spending, suppose the central bank lowers interest rates, making stock market investment r

Nat2105 [25]

<span>The effectiveness of the policy might be best monitored using the S&P 500, because it draws from a broader set of companies. The Dow Jones Industrial Average is an index of 30 leading companies. While it reflects the overall health of the stock market, it does not provide enough information about small companies.</span>

6 0

4 years ago

During the month of March 2017, Weimar World, a tax-preparation service, had the following transactions. * Billed $496,000 in re

Vadim26 [7]

Answer:

A. $302,000

Explanation:

The computation of the net income under accrual basis accounting is shown below:

= Billed in revenues on credit - incurred expenses

= $496,000 - $194,000

= $302,000

The prepaid expenses and the received amount would not be considered in the computation part. Hence, ignored it

Only revenues on credit and incurred expenses are considered in the computation part. No other item values would be taken.

8 0

3 years ago

CII, Incorporated, invests $710,000 in a project expected to earn a 9% annual rate of return. The earnings will be reinvested in

allochka39001 [22]

The total amount accrued, principal plus interest at a rate of 9% per year compounded 1 times per year over 12 years is $1,996,992.00.

<h3>Compound Interest</h3>

Given Data

Principal = $710,000

Rate = 9%

Time = 12 years

A = P + I where

P (principal) = $710,000.00

I (interest) = $1,286,992.00

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 9/100

r = 0.09 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 710,000.00(1 + 0.09/1)(1)(12)

A = 710,000.00(1 + 0.09)(12)

A = $1,996,992.00

Learn more about Compound Interest here:

brainly.com/question/24924853

#SPJ1

4 0

3 years ago

Justin is the accountant for a trucking company. A driver, Andrew, holds a gun to Justin’s head and forces him to steal from the

Serhud [2]

Answer: Duress

Explanation: Defense of duress can be seen as. Circumstance whereby an individual carries out an act as an outcome of turmoil, threat or any other coercion against the individual.

It is a criminal practice of forcing another person to behave in an involuntary way either by use of conveyed intent to inflict damage or loss on another individual or force. In this case, Justin can assert the defense of duress if he is being brought to law because Andrew held a gun to his head and forced him against his will to steal from the company.

7 0

4 years ago

Read 2 more answers

Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Co

Margaret [11]

Answer:

261,690

Explanation:

The computation of inventory is shown below:-

Particulars Cost Retail Cost-to-Retail Ratio

Beginning inventory $250,000 $286,000

Add Purchases $672,000 $888,000

Freight-in $14,000

Net markup $26,000

Total $936,000 $1,200,000

Less: Net markdowns $4,500

Goods available for sale $1,195,000

Cost-to-retail percentage 0.78 (in working note)

Less: Net sales $860,000

Retail Estimated ending

inventory $335,500 ($1,195,000 - $860,000)

At cost Estimated ending

inventory $261,690

Cost-to-retail percentage is

= 936,000 ÷ 1,200,000

= 0.78

Estimated ending inventory at cost is

335,500 × 0.78

= 261,690

7 0

3 years ago