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Vadim26 [7]
3 years ago
11

The ABC Company is preparing its financial statements on December 31. During the year, they purchased IBM stock for $20,000. On

December 31, the market value of the IBM stock is $8,000. The journal entry on December 31 will include a debit to:_______.
Business
1 answer:
padilas [110]3 years ago
3 0

Answer:

Debit to unrealized loss for for $12,000

Explanation:

Based on the information given about ABC Company we were told that the company made a purchased of IBM stock for the amount of $20,000 in which the market value of the stock was the amount of $8,000 this means that the journal entry on December 31 will include a:

Debit to unrealized loss for for $12,000

Calculated as :

Unrealized loss=Market value - IBM stock

Unrealized loss=$8,000-$20,000

Unrealized loss=-$12,000

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(Advanced analysis) The following equations give information for a private open economy.
loris [4]

Answer: Trade Deficit ($10 Billion).

Explanation:

C=40+0.8Y

Ig=$40 billion

X=$20 billion

M=$30 billion

where,

Y - GDP

C - Consumption

Ig - Gross investment

X - Exports

M - Imports

Balance of trade or Trade balance = Exports - Imports

Since, Imports are greater than the exports, so the nation is experiencing a trade deficit.

Trade deficit = Imports - Exports

= $30 - $20

= $10 billion

6 0
4 years ago
inflation can be measured by the a. percentage change in the price of a specific commodity. b. percentage change in the consumer
Brut [27]

Answer:

b. percentage change in the consumer price index.

Explanation:

Inflation is the increase in the price of a commodity, it is expressed as a percent change in the price of an item. We can calculate the inflation using percentage change in consumer price index.

Consumer price index measure the percentage of change in the price of a market basket of consumer goods and services.

6 0
4 years ago
Assume $1,000 is deposited in a checkable account by Mr. Y in Bank A. Assume further that the reserve requirement is 0.10. The i
scZoUnD [109]

Answer:

$900

Explanation:

As $1,000 is deposited in the account by Mr. Y in the Bank A. But the further requirement of the reserve is 0.10. So, it will amounts to:

Amount of reserve requirement = Amount deposited × Requirement of reserve

where

Amount deposited is $1,000

Requirement of reserve is 0.10

= $1,000 × 0.10

= $100

Therefore, the initial amount of the money that created by excess reserve is:

= Amount deposited - Amount of reserve requirement

= $1,000 - $100

= $900

6 0
4 years ago
There are vast differences in local market needs in the consumer soft drink business around the world. TwinFold Media, a Canadia
nordsb [41]

Answer: c. it tends to reduce cultural myopia and enhance local responsiveness.

Explanation:

A Geocentric staffing approach means that a company picks those that it views as the most suitable for a job regardless of the country they are from. This means that although the company is in Canada, they can hire a person from Sudan if they feel the person is suitable for the job in question.

The main advantage of this is that it reduces cultural myopia which is the tendency to belief that a person's culture i.e western culture, works across the globe. For instance, going back to the earlier example, a person from Sudan would most likely know more about norms in Sudan than a person from Canada.

This would ensure that the people hired, can respond effectively due to this reduction in cultural myopia.

3 0
3 years ago
Your bank offers 3 percent annual interest on savings deposits. If you deposit $560 today, how much interest will you have earne
padilas [110]
Just divide 560 by 3 and boom that ur answer
6 0
3 years ago
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