Answer:
The journal entries are as follows:
(i) On December 31, 2017
Unrealized gain or loss income A/c Dr. $10,800
To estimated purchase commitment liability $10,800
(To record other income and expenses)
Workings:
Unrealized gain or loss income = 36,000 × ($3 - $2.7)
= 36,000 × $0.3
= $10,800
(ii) On January 1, 2018
Raw material A/c (36,000 × $2.7) Dr. $97,200
Estimated purchase commitment liability A/c Dr. $10,800
To accounts payable $108,000
(To record the materials received in January 2018)
Answer:
Mutual funds; exchange traded funds
Explanation:
Mutual funds can only be traded after markets close, but exchange traded funds (ETFs) can be traded throughout the day just like common stock. ETFs are <em>different </em>from individual common stock because they contain a whole set of stocks bought and sold together as a single block.
Based on their observations of what actually occurs in the organization, employees demonstrate the enacted values and norms.
Your values are the things you hold dear in terms of how you conduct your life and career. Value indicates the significance of an action or thing in ethics and social sciences. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. In the social sciences, norms are a key notion. Norms are most frequently described as socially imposed laws or expectations. Norms can be prescriptive (encouraging good behavior, such as "be honest") or proscriptive (forbidding bad behavior, such as "do not cheat").
Learn more about Norms here
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Answer:
Omkara can terminate its contract with Gnome due to true impossibility, since unforeseen and uncontrollable circumstances make the contract impossible to perform.
But Omkara can not discharge its contract with Duke's Furniture, it is still valid and if Omkara doesn't perform then Duke might sue them.
Answer:
Explanation:
no it will not happen agian because she learned from her mistake!