Answer:
Explanation:
In this specific scenario, the best thing for the agent to do would be to bring the information to the attention of the firm's supervisory principal named to handle such matters in a Supervisory Procedures Manual.
That is because inside information or insider trading is illegal and even though it does not need to be reported to the state securities Administrator, it should still be handled by the firm's supervisory principal in order for it to be handled correctly so that the firm does not get into trouble.
Answer:
Dr merchandise inventory $250
Cr accounts payable $250
Explanation:
The appropriate thing to do on the transaction date would be to recognize that $250 is being owed to the supplier from whom the German chocolate was bought by crediting accounts payable with $250 and debiting merchandise inventory with the same amount.
Upon payment on 31 March 2014,the accounts payable amount is reversed by a way of debit and cash account credited accordingly with the $250 to show an outflow of cash from the business.
Answer:
U.S. GDP = $440
Explanation:
If Texas household receives a Social Security check for $, and after calculating the purchases the US GDP is as follows:
Shoes from the Thai and korean firm is part of imports
Imports = $40 + $1240 = $1280
Domestic consumption = $220
Security check is part of government spending = $1500
GDP =$1500 + $220 - $1280 = $440
<u>Answer:</u>
<em>C. A media campaign by a tobacco company against a cigarette tax increase
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<u>Explanation:</u>
The Amendment to the American Constitution keeps the legislature from making laws which regard a foundation of religion, preclude the free duty of religion, or compressing the ability to speak freely, the opportunity of the press, the privilege to quietly amass, or the right to request
A careful reading of the Amendment uncovers that it secures a few fundamental freedoms and opportunity of religion, discourse, press, request, and get together. Therefore getting to understand the correction might be a long process.
Answer:
The answers are:
A) Net profit margin rate = 16.3%
B) Gross profit margin rate = 52.4%
Explanation:
A) Net profit margin rate can be calculated using the following equation:
- Net profit margin rate = (net income / net sales) x 100
Net profit margin rate = ($41,800 / $256,800) x 100
Net profit margin rate = 16.3%
B) Gross profit margin rate can be calculated using the following equation:
- Gross profit margin rate = [(net sales - COGS) / net sales] x 100
Gross profit margin rate = [($256,800 - $122,300) / $256,800] x 100
Gross profit margin rate = 52.4%
