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chubhunter [2.5K]
4 years ago
10

When stock traded on an active exchange is issued for a machine:

Business
1 answer:
Gekata [30.6K]4 years ago
6 0

Answer: B. An asset is recorded for appraised value of the stock

Explanation: The stock traded on an active exchange is issued for a machine, an asset is recorded for the appraised value .

Stock traded can be issued in exchange for money, property, or services provided to a corporation. Example of these are;

1. an investor could give a utility vehicle in exchange for a company’s stock.

2. an investor could provide legal fees in exchange for stock.

The underlining rule here is to recognize the assets received in exchange for stock at the asset’s fair market value.

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Fruits in their season cost less than when they are not in season. This is an example of a situational influence on value. Which
STALIN [3.7K]

Answer:

d. Time of the year

Explanation:

The<em> time of the year</em> reflects on fruit production (season growth). As most seasonal goods, its price varies drastically from the in-season period to the time when it's not in season. The temporal factor influencing this variation is the exact time of the year, as that is synonymous with the season period.

4 0
3 years ago
The manufacturing cost per unit for absorption costing is:
saveliy_v [14]

Answer:

Always higher than manufacturing cost per unit for variable costing.

Explanation:

Absorption costing continuously contains fixed overheads similarly while computing the manufacturing cost.  

Conversely, under variable costing only adjustable overheads were included.

Thus, the manufacturing cost under absorption costing method is always higher than variable costing method  

Therefore, per unit cost will always be higher under absorption costing than in variable costing.

So, option C is the correct option

3 0
3 years ago
Melanie: "I'll buy that armoire for $775." Judith: "It's not for sale." Melanie: "How about $875?" Judith: "I don't know. It's b
Bogdan [553]

Answer:

D) There is no contract.

Explanation:

The main requirements for a legal contract to exist is that:

  • there is something of consideration being exchanged (in this case $ and the armoire).
  • there is an offer and acceptance, and all parties involved must decide freely (in this case there is only an offer, but there is no acceptance).
  • all the parties involved must be capable of engaging in a contract (e.g. no minors nor mentally disabled)
  • the consideration must be legal, e.g. a contract for buying drugs is not a valid contract
4 0
4 years ago
Jim Sullivan is the owner and manager of Auto Spa. Auto Spa provides various car wash and car detailing services. Auto Spa also
Tems11 [23]

Answer:

Cash Sales : we add up all the cash sales for the week to get total cash sales, cash sales will be from cash receipts journal and or cash register tapes.

Cash shortages will be the difference between cash sales and cash counts or cash on hand.

Journal Entry

Debit Cash ( as per the cash count), Debit Cash shortage(difference and is an expense) Credit cash Sales (as per register)

Explanation:

The Question is incomplete but when dealing with cash there must be internal controls put in place to monitor or reduce any potential risks, risks like cash shortages. Jim must everyday count the cash with the cashier that was at the cash register. Daily the cash register tape must be compared to the deposits that is a control to avoid cash shortages and each employee must have separate register tapes or there must be identification and or a way to know which clerk made what transactions.

7 0
3 years ago
Read 2 more answers
Can a local businessman pay a police officer $50 a week to watch his business more closely? Group of answer choices
11111nata11111 [884]

Answer: b. No, Public Officials cannot give consideration on duties they are already supposed to perform.

Explanation:

The options are:

a. Yes, as long as the contract is registered with the Secretary of State

b. No, Public Officials cannot give consideration on duties they are already supposed to perform

c. Yes, as long as 50$ is reasonable amount to watch the business

d. Yes, as long as a court reviews the contract within 30 days

e. No, unless a court approves the agreement.

From the question, we are asked whether local businessman can pay a police officer $50 a week to watch his business more closely. This is not true as Public Officials cannot give consideration on duties they are already supposed to perform.

The role of the police is to ensure that lives and properties are always safe and they're pair by the government for the role, therefore, they shouldn't be offered money to do what they're naturally expected to do.

8 0
4 years ago
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