Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
Answer:
Unearned Revenue Balance $10530
Service revenue Balance $11370
Explanation:
given data
time = 6 month
Completed services paid = $1,070
Service Revenue unadjusted = $10,300
Unearned Revenue balance = $11,600
solution
Unearned Revenue
31-Dec $11,600
31-Dec $1070
Balance $11,600 - $1070
Balance $10530
and
Service revenue
31-Dec $10,300
31-Dec $1070
balance $10,300 + $1070
Balance $11370
Answer:
C. are unchanged; is unchanged
Explanation:
When the US purchases oil from Saudi Arabia its imports increases and hence Net export falls. However, when Saudi Arabia purchases transportation service US export rises by the equivalent amount. Hence the Net exports are unchanged.
Since there are no capital flow, it is also unchanged.
Answer:
Mutual Fund
Explanation:
In mutual fund, a group of people gathered their capital and manage all of it under one management. (usually, they trust this fund to a company who hired several experts in finance).
That company will diversified that capital into several different investment in order to minimize the risk. The original owner of the capital just need to sit back and accumulate the profit without having any direct influence in the investment.
Since the capital is belong to the members , Each members of the mutual fund will own every single parts of the investments collection that the company make.
