Explanation:
Wise money managers get the most from their limited incomes through careful planning, saving, and spending. They set goals, make wise decisions, buy wisely, and live within their incomes.
The correct answer is a debit.
Even though the value of the inventories decreased from 2016 to 2017, inventories is an asset account. Normal asset accounts have a debit balance.
Answer:
The correct answer is letter "A": A speculative bubble.
Explanation:
As prices grow beyond their true value, a speculative bubble develops. Bubbles may grow in economies, stock markets, housing markets, and other sectors whenever a shift in business behavior causes investors to chase returns that go beyond their reasonable expectations of return.
Bubbles continue to grow until investors discover that prices rise far above where they should be to the point that prices drop to a more realistic level when the bubble pops up.
Answer:
12%
Explanation:
The computation of the accounting rate of return is shown below:
Accounting rate of return = Average profit ÷ Average investment
where
Average profit is
= $1,500 × 5 years ÷ 5 years
= $1,500
And, the average investment is
= $25,000 ÷ 2
= $12,500
So, the accounting rate of return is
= $1,500 ÷ $12,500
= 12%
We simply applied the applied formula
Answer and Explanation:
In a normally way, the loan payable for the first company and the second company preferred stock displayed very same to each other but still has some differences that are as follows:
a. The loan payable is the liability where the company is bound to pay together with the interest within the prescribed time period
b. The dividend is an expense that could arise at the time when the dividend is declared
c. There is no liability when the dividend until declared but in the case of the interest, the liability arise as soon when the loan is given
d. The loan payable should be the right that against the assets but for the same there is no right provided to the shareholders until the company declared the dividend