Answer:
Journal Entry
01 July Debit Investment $240 million Credit Bank $200 million Credit Discount on investment $40 million
31 Dec Debit Bank $7,2 Million Debit Discount on Bond $0.8 million Credit Interest Income $8 million
Debit Fair Value loss on investment $30 million Credit Investment $30 million
Explanation:
Interest is received semiannually
6%/2 = 3%
interest = $240 million * 3% =7,200,000
8%/2 = 4%
Interest market $200 million * 4% =8,000,000
Fair value loss = 240 million - 210 million
= 30 million loss because cost is greater than fair value
Proper decorum and good business etiquettes are essential components of business ethics and social responsibility because they:
- Create a professional atmosphere
- Improve communication
- Make a workplace productive
- Enhance workers' respect and dignity
- Improve customer and suppliers relationships.
<h3>What are business ethics and social responsibility?</h3>
Business ethics deal with the appropriate business policies and practices that ensure the observance of ethical principles. They ensure that moral or ethical problems do not arise in a business environment.
Social responsibility refers to the cooperation that should exist among individuals and organizations for the benefit of the community.
Thus, Proper decorum and good business etiquettes remain essential components of business ethics and social responsibility.
Learn more about business ethics and social responsibility at brainly.com/question/25704651
Answer:
Domestic factor mobility. refers to the ease with which productive factors like labor, capital, land, natural resources, and so on can be reallocated across sectors within the domestic economy. Different degrees of mobility arise because there are different costs associated with moving factors between industries.
Explanation:
Answer:
$84,000
Explanation:
Open a Raw Materials T - Account and find the Ending inventory of Direct Materials as a Balancing Figure as follows :
Raw Materials T - Account
Debit :
Beginning Inventory $26,000
Purchases $148,000
Total $174,000
Credit:
Requisitioned in Manufacturing $90,000
Ending Inventory<em>(Balancing figure) </em>$84,000
Total $174,000
Therefore, the cost of the ending inventory of Direct Materials is $84,000
