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3 years ago

Order the following steps in the accounting process that focus on analyzing and recording transactions.

Business

1 answer:

Levart [38]3 years ago

5 0

Answer:

Explanation:

For recording the transactions, the first step is to analyze each transaction from the source documents. After that reporting these transactions in a journal form. After that posting the entries to their respective accounts and then it would help to prepare the trial balance

The steps are shown below:

1. Analyze each transaction from source documents.

2. Record relevant transactions in a journal.

3. Post journal information to ledger accounts.

4. Prepare and analyze the trial balance.

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Which one of the following stocks is correctly priced according to CAPM if the risk-free rate of return is 3.4 percent and the m

MrRissso [65]

Answer:

D) Beta .98 expected return .107

Explanation:

In CAPM (Capital Asset Pricing Model), expected return = risk-free rate + Beta * market risk premium = 3.4% + Beta * 7.4%

We try every choice consecutively

A) Beta .87 expected return .096

⇒ expected return = 3.4% + 0.87 * 7.4% = 0.098

A is wrong

B) Beta 1.09 expected return .102

⇒ expected return = 3.4% + 1.09 * 7.4% = 0.1147

B is wrong

C) Beta 1.62 expected return .146

⇒ expected return = 3.4% + 1.62 * 7.4% = 0.154

C is wrong

D) Beta .98 expected return .107

⇒ expected return = 3.4% + 0.98 * 7.4% = 0.107

D is TRUE

E) Beta 1.16 expected return .139

⇒ expected return = 3.4% + 1.16* 7.4% = 0.12

E is wrong

6 0

3 years ago

Consider an individual who serves on the board of a bank and also sits on the board of a computer manufacturing company that bor

Elan Coil [88]

Answer:

<u>Interlocking corporate director</u>

Explanation:

Interlocking corporate director refers to an individual serving as a director on the board of multiple companies.

Interlocking directorship is not considered illegal if the companies of which the same individual serves as a director, are not competing firms.

In the given case, an individual serves on the board of a bank, also serves the board of a computer manufacturing company that usually borrows from the bank.

Here, the independence and objectivity of the director would be impaired and this may lead to a situation of conflict of interests as the director exercises sizable influence in framing the lending policies of the bank.

Thus, such a situation would be in violation and the director may have to step down from the board of one of the companies.

7 0

4 years ago

Jobs, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks

Tems11 [23]

Answer:

case 1: when $405,000 fixed overhead cost can be avoided

make buy net income

direct material

994700 0 994700

direct labor 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 195000 405000

purchase price 0 2314200 (2314200)

total 2528500 2509200 19300

YES,jobs should accept the offer because it results in saving of $19300

CASE 2: when no fixed overhead can be avoided

make buy net income

direct material 994700 0 994700

direct labour 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 600000 0

opportunity cost 375000 0 375000

purchase price 0 2314200 (2314200)

total cost 2903500 2914200 (10700)

NO, jobs shold not accept the offer because it results in loss of $10700

4 0

3 years ago

Defining the organizational mission forces managers to identify ________.

quester [9]

To identify what the organization is in business to do.

5 0

4 years ago

Jeff Goldblum has just purchased a security which has no maturity date and no promised dividend payments. He can recoup his inve

larisa [96]

Answer: Common stock

Explanation: In simple words, these are the securities which represent ownership in an organisation. The common stocks has no maturity date as it is the ownership right and will remain until the liquidation of the company.

The dividends to common stockholders are not fixed and depends on the profit that the company made in the year. They are paid dividends after debt holders.

They can sell their shares to other participants through securities markets like stock exchanges etc.

Hence from the above we can conclude that Jeff has purchased common stock.

4 0

3 years ago