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3 years ago

When a company is using double-entry accounting, what elements of a given ledger must be equal?

1 answer:

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<span>When a company is using double-entry accounting, the elements of a given ledger that must be equal are the debit and the credit. They should reflect the balance of the books. There should be an equal amount in the debit column and in the credit column.</span>

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As the name suggests, convertible bonds allow the owner the option to convert the bonds into a fixed number of shares of common

kipiarov [429]

Answer: 1. Convertible bond

2. Putable bond

3. Purchasing power bond.

Explanation:

The $100,000 investment is a convertible bond. This is a fixed-income debt security which yields interest payments. It should be noted that it can also be converted to equity shares or common stock.

Nazeem should pick a putable bond. This is because the puttable bond has a put option that is embedded ans he can also demand his principal to be paid early.

Nazem also recently bought bonds that have their interest rate tied to the consumer price index (CPI) so that he will be protected if inflation rates increase. Nazem has invested in purchasing power bond .

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3 years ago

What is most likely to cause a rise in expenditure in an economy?

d1i1m1o1n [39]

Answer:

Explanation:

because b i think gimme vbucks

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3 years ago

Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals i

Jet001 [13]

Answer:

140 luncheons, 160 dinners

Explanation:

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3 years ago

The government of Wrexington, a country which has adopted American GDP accounting conventions, reported that GDP in quarter 3 wa

yanalaym [24]

Answer:

C. $12 billion.

Explanation:

GDP refers to the Gross domestic product. It means that the market value of all final goods and services produced within the country.

Since in the question the GDP reported in quarter 3 was $12 billion and the same is to be considered as a GDP because it reflected the market value of all final goods and services

Therefore, the correct option is c.

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2 years ago

Beau Corporation sells a unit of its product for $250 per unit, while its variable costs per unit are $75. Fixed cost are bud

wolverine [178]

Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75 = $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250 = 0.7 or 70%

Dollar Sales required to earn target profit = $4,812,500

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3 years ago