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3 years ago

When the economy grows, the market grows, most likely because

Business

2 answers:

Alexandra [31]3 years ago

6 0

Answer:

A is correct, just finished the test

Explanation:

Alex Ar [27]3 years ago

5 0

I believe the answer is: A) more investors are willing to take risks.

As the economy grows people would have more income and their standard of living tend to be elevated.

When this happen, the opportunities for companies to thrive would increased since they have more potential customers. This make more inventors willing to take risks.

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On March 31, 2019, Brodie Corporation acquired bonds with a par value of $400,000 for $425,800. The bonds are due December 31, 2

icang [17]

Answer:

1. March 31, 2019

Dr Investment in held-to-maturity debt securities

$413800

Dr Interest income $12,000

Cr Cash $425800

2. June 30, 2019

Dr Cash $12,000

Cr Investment in held-to-maturity debt securities

$300

Cr Interest income $11700

3. December 31, 2019

Dr Cash $24000

Cr Investment in held-to-maturity debt securities

$600

Cr Interest income $23400

2. Assets overstated

Profit overstated

Explanation:

1. Preparation of the journal entries for Brodie to record the purchase of the bonds and the first two interest receipts.

1. March 31, 2019

Dr Investment in held-to-maturity debt securities

$413800

Dr Interest income $12,000

(400000*12%*3/12)

Cr Cash $425800

(To record the purchase of held-to-maturity securities)

2. June 30, 2019

Dr Cash $12,000

(400000*12%*3/12)

Cr Investment in held-to-maturity debt securities

$300

[($12,000/10)*3/12]

Cr Interest income $11700

($12,000-$300)

(To record the interest and amortization)

3. December 31, 2019

Dr Cash $24000

(400000*12%*6/12)

Cr Investment in held-to-maturity debt securities

$600

[($12,000/10)*6/12]

Cr Interest income $23400

($24,000-$600)

(To record the interest and amortization)

2. Based on the information given assuming Brodie failed to SEPARATELY RECORD THE INTEREST AT ACQUISITION, the errors that would occur in the company’s financial statements would be OVERSTATED ASSETS in the balance sheet and the PROFIT would as well be OVERSTATED.

6 0

3 years ago

Which of the following steps is NOT a basic step followed by PERT and CPM?

vodomira [7]

Answer:

Explanation:

PERT and CPM are network planning techniques.

PERT means Program Evaluation and Review Technique.

CPM means Critical Path Method.

The six steps more common to PERT and CPM are:

-Define the project and identify each activity.

-Develop relationships among the activities.

-Draw the network connecting all of the activities.

-Adding time and/or cost estimates to each activity.

-Compute the longest time path through the network. This is called the critical path.

-Use the network to help plan, schedule, monitor and control the project.

5 0

3 years ago

The Tax Cuts and Jobs Act passed in December of 2017 dramatically increased the amount of money that is exempted or excluded whe

Serga [27]

Answer:

Option D. Portability Rule

Explanation:

The Portability rule says that if the estate tax exemption was not fully utilized at the time of the other spouse's death then the rule allows the surviving spouse to use the remainder unused estate tax exemption if left unused. So basically this rule gives the person maximum chance to obtain the benefit of utilization of estate tax exemptions.

8 0

3 years ago

Quinn contracts to provide ten tons of scrap steel at $500 per ton to Rendered Materials, Inc. An unforeseen shortage of scrap s

solong [7]

Answer:

C) performance of the contract is commercially impracticable.

Explanation:

Contract law contemplates certain situations where performing the contract is either difficult or impossible and therefore the party is not liable for breaching the contract.

Commercial impracticability applies to contracts where the performance of at least one party is impracticable and cannot be accomplished.

In this case, Quinn cannot perform his duty since the price of scrap steel increased beyond any reasonable price contemplated in the contract. Since Quinn is not responsible for setting the price of scrap steel, he is not liable for breaching the contract.

7 0

3 years ago

Jamie is about to go to work for Potpourri, a store that sells various bed and bath accessories. Though technically a chain, Pot

Leokris [45]

Answer: A. get along well and share many of the same views, including admiration for the company founder.

Explanation:

The options to the question are:

A. get along well and share many of the same views, including admiration for the company founder.

B. enjoy friendly relations, but differ on many things, including work-related matters.

C. have very little connection to one another.

D. tend to share a lot of opinions, including a dislike for each other.

E. are free spirits, each of them his or her own little island.

From the question, we are informed that Jamie is about to go to work for Potpourri, a store that sells various bed and bath accessories.

We are further told that although technically it's a chain, Potpourri currently has just three stores, all within an hour of each other in the Midwestern United States.

The type of organizational culture Jamie is likely to encounter at Potpourri is one in which employees get along well and share many of the same views, including admiration for the company founder. This is because the stores are few and close to each other.

5 0

3 years ago