According to finance theory firms should attempt to

Suppose there are three factories in Macroland and the following occurred in 2019: Metal, plastic and a car factory. Metal facto

BARSIC [14]

Answer:

$1120

Explanation:

The computation of the GDP is shown below:

Y = C + I + G + X

Here Y denotes the GDP

C denotes the consumption = $500 - $80 - $20 = $400 and 700 - 50 = $650

I denotes the investment = $

G denotes the government purchase = $20

X denotes the net exports = $50

So,

Y = $400 + $650 + 0 + $20 + $50

= $1120

8 0

2 years ago

When brad john talks about the fact that he is going to have to create different financial plans depending on the amount of busi

nika2105 [10]

When Brad John talks about the fact that he is going to have to create different financial plans depending on the amount of business the company is bringing in, he is referring to a cash flow plan. It estimates short and long-term expenses against projected incoming cash. This is a form of anticipation through creating cushion intended for unexpected expenses.

8 0

2 years ago

West Virginia has one of the highest divorce rates in the nation with an annual rate of approximately 5 divorces per 1000 people

Alex17521 [72]

Answer:

a. Yes. It is a probability density function because \sum f(x) =1

. b. probability MCC will obtain more than 30 new clients=P(40)+P(50)+P(60)= 0.20+0.35+0.20=0.75

c. probability MCC will obtain fewer than 20 new clients= P(10)= 0.05

d.

x f(x) x*f(x) x*x*f(x)

10 0.05 0.5 5

20 0.1 2 40

30 0.1 3 90

40 0.2 8 320

50 0.35 17.5 875

60 0.2 12 720

1 43 2050

expected value = \sum xf(x) = 43

Variance = 2050-43^2= 201

Explanation:

8 0

3 years ago

Prepare the general journal entries for Culver Company for____________.(a) The 2020 adjusting entry.(b) The sale of the Gordon s

-Dominant- [34]

Answer:

a) Debit fair value loss $7,900 Credit Investment $7,900

b) Debit Bank $66,300, Debit Fees $1,200 Credit investment $67,500

c) Debit investment $53,800, Credit Fees $1,300 Credit Bank $52,500

d) Debit Fair value loss $10,400 Credit Investment $10,400

Explanation:

c) the purchase of stock include fees and the fees are included in the cost of the shares and increase the cost of the asset hence they are capitalised on the cost. The fees are an expense directly associated with the purchase therefore are attributable costs.

the completed question

E17-15

(Equity InvestmentsTrading) Culver company has the following securities in its trading port- folio of securities on December 31, 2020.

Investments (Trading) Cost Fair Value

1,500 shares of Gordon, Inc., Common $73,500 $ 69,000

5,000 shares of Wallace Corp., Common 180,000 175,000

400 shares of Martin, Inc., Preferred 60,000 61,600

$313,500 $305,600

All of the securities were purchased in 2020.

In 2014, Culver completed the following securities transactions.

March 1Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200

April 1 Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300

Culver Companys portfolio of trading securities appeared as follows on December 31, 2021

Investments (Trading) Cost Cost Fair Value

5,000 shares of Wallace Corp., Common $180,000 $175,000

700 shares of Earnhart Corp. Common 53,800 $50,400

400 shares of Martin, Inc. Preferred 60,000 $58,000

293,800 283,400

Instructions

Prepare the general journal entries for Culver Company for:

(a)The 2020 adjusting entry.

(b) The sale of the Gordon stock.

(c)The purchase of the Earnhart stock.

(d) The 2021 adjusting entry for the trading portfolio

3 0

3 years ago

On March 1, 2020, the Teal Company received a $45,000 payment for annual magazine subscriptions (the subscriptions run from the

bulgar [2K]

Answer:

The company has incorrectly credited the sales revenue account at the time of the receipt of payment. So, the journal entry to record the transaction is as follows:

Date Particulars Debit Credit

March 1, 20 Sales Revenue A/c $45,000

To Unearned Sales Revenue A/c $45,000

(To record Unearned sales revenue)

5 0

3 years ago