Answer: Assets increase $4,500 and liabilities increase $4,500.
Explanation:
An asset are the properties which a business or an organization owns. An asset possess an economic value.
Since the equipment purchased is an asset, this will lead to an increase of assets by $4500 and since it was bought on credit and hasn't been paid for, liabilities will also increase by $4500.
Answer: Three items will appear being;
2. Sale of delivery truck at book value
5. Sale of a debt security held as an available-for-sale investment
6. Collection of loan receivable.
Explanation:
The Investment Section of the Cash Flow Statement contains activities related to investment such as the buying or selling of fixed assets and the buying or selling of other company stocks or bonds.
Out of the above therefore, there are 3 activities that would fall under this section of the Cash Flow Statement.
They are;
2. Sale of delivery truck at book value.
- This refers to the sale of a Fixed asset and as such it goes to the investment section.
5. Sale of a debt security held as an available-for-sale investment.
- As a debt security of another firm that was considered available for sale, this goes to the Investment Section as well.
6. Collection of loan receivable.
- Finally, collection of loan receivable means that the company loaned money to another company making it an investment related cash inflow as it is a long term Investment income source.
Answer:
$1
Explanation:
The marginal cost refers to the cost of producing one additional unit or serving one more customer.
In this case, we have to determine the additional cost of Jacob ordering a burrito instead of a taco. As Mason chose the tacos and they agreed to split the lunch bill evenly, if Jacob decides to eat the tacos, the cost for each of them is:
$3+$3=$6/2= $3
If Jacob decides to eat the burrito:
$3+$5= $8/2= $4
So, the marginal cost to Jacob ordering a burrito is:
$4-$3= $1
Answer: Swaps
Explanation:
A foreign exchange swap is a written agreement between two parties with different currencies to exchange such currencies at a specific period of time. In a swap deal, one party to the agreement gives out currency to the other party while also collecting collecting currency from such party. The written agreement usually contains such details like the interest on the amount of exchange, as well as the loan value of one currency against the other.
<u>Answer:</u> Option C
<u>Explanation:</u>
The total compensation along with benefits are $72000. When the employee benefits calculated the annual gross pay given in option C . 12.5% interest calculated on $64000 will give total compensation of $72000.
Calculation of total compensation
Employee benefits = $64000 x 12.5/100
=$8000
Annual compensation= $64000 +$8000
=$72000
