Where notes can be added?

Janice Cullen, owner of a nationally renowned photography business, files a registration statement and prospectus with the SEC.

Umnica [9.8K]

Answer: (A) and (D)

Explanation:

(A)

Since it is a nationally renowned photography business, it has been running for sometime. Most likely hence, it has been operating as a registered nonprofit organization and the top 10 clients were owners of local charities

(D)

Janice sold the securities to the 40 clients 25 days after filing her registration statement with the Securities and Exchange Commission.

The question says she "decided" to sell those securities on the 5th day after filing her registration statement. It didn't say she sold it on that day.

So, if we sold the securities 25 days after, her court case would be different.

5 0

3 years ago

After adjustments at March 31, 20Y2, the end of the first full year of operations, the revenues were $598,000 and expenses were

larisa86 [58]

Answer:

revenues 598,000 debit

income summary 598,000 credit

--- to close revenues accounts---

income summary 480,000 debit

expenses 480,000 credit

-- to close expenses accounts ---

income summary 70,000 debit

lang withdrawals 40,000 credit

capri withdrawals 30,000 credit

--- to close withdrawals account---

Explanation:

We will use income summary account to close the accounts:

as the revenues normal balance is credit to close it, we will debit it.

as expenses normal balance is debit to close it, we will credit it.

the withdrawals are done like:

withdrawals debit

cash credit

so their blaance is debit, to close it we will credit them

5 0

3 years ago

How do you calculate overtime earnings with only the total of regular earnings?

Neko [114]

Overtime earnings = Total overall earnings - Total of regular earnings

For example, let's say that you know that your regular earning is $ 50,000 per year. But at that year, you receive $65,000 in total overall earning before taxes and bonus.

This means that the overtime earnings that you earn during that year =

$ 65,000 - $50,000 = $15,000

7 0

4 years ago

In this exhibit (Monopoly Through Collusion), given the duopoly industry illustrated in the exhibit, if the two firms colluded t

tekilochka [14]

Answer:

c: P2; given by the area of the rectangle P1P2BG

Explanation:

Under monopoly, equilibrium is attained where firm's MC becomes equal to firm's MR. In the above diagram, this situation is satisfied 2 times i.e. at Q1 and Q2. This means market price may be P2 or P3 because MC = MR1 at equilibrium quantity Q1 and equilibrium price P3 while MC = MR2 at equilibrium quantity Q2 and price P2.

Economic profit of the firms is the total revenue minus total cost of the firm so it will be area above the MC curve i.e. either P1P2BG or P1P3AF.

But in the options there is presence of only P1P2BG. Therefore, (c) is the correct answer.

7 0

4 years ago

Write your question here (keep it simple)?

leva [86]

Answer:

ask the question

Explanation:

ask your question so i can answer

3 0

3 years ago

Read 2 more answers