Put these decisions in the correct order

Bridgeport Company buys and sells securities expecting to make money on short-term price movements. Bridgeport purchased 150,000

LenKa [72]

Answer:

d. Dr. Investment in Intel $450,000 Cr. Net unrealized holding gains/losses - (P&L) $450,000

Explanation:

Adjusting journal entry

Date Account titles and Explanation Debit Credit

Dec 31 Investment in Intel $450,000

[($23-$20)*150000 shares]

Net unrealized holding gains/losses (P&L) $450,000

8 0

3 years ago

The team is struggling to agree on the Story point sizing of a new User Story. The Product Owner was previously a related domain

sp2606 [1]

Answer:

Continue to support the team's decision on sizing.

Explanation:

Before rolling out a product by a company, there is what is called user story which is usually being deliberated by the product team. The purpose is to ensure that the specifications as contained therein is in line with what customers wanted and same is well understood by the parties involved before rolling out the product.

A product owner who feels the team is wasting time has no option than to support the team's decision on point sizing because she is a member of the team. Moreover, the team has to come up with the best user story after point sizing and deliberation.

Also, as a product owner who is also part of the product team; they are known to be team oriented hence must continue to support whatever decision that is made by the team.

4 0

3 years ago

Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that T

Karo-lina-s [1.5K]

Answer:

Torres Company received $4,800 on May 12.

Explanation:

<u>When The Sale was made, the following entries apply :</u>

J1

Trade Receivable $5,000 (debit)

Sales Revenue $5,000 (credit)

J2

Cost of Sales $3,000 (debit)

Merchandise $3,000 (credit)

J3

Freight Expenses $110 (debit)

Cash $110 (credit)

<u>When Campbell Company returned Merchandise :</u>

J1

Sales Revenue $200 (debit)

Trade Receivable $200 (credit)

<u>When Campbell Company pays for the goods</u>

The payment is made 2 days out of the discount period, therefore not eligible for discount.

<em>Settle amount in full less Return Allowance of $200</em>

Trade Receivable $4,800 (debit)

Cash $4,800 (credit)

Conclusion :

Torres Company received $4,800 on May 12.

6 0

3 years ago

the percent of sales method for estimating bad debts uses only income statement account balances to estimate bad debts. group st

crimeas [40]

The statement that the percent sales method for estimating bad debts for a company, will only use those balances in the income statement is False.

<h3>What is the percent of sales method?</h3>

The percent of sales method is one of the methods that companies can use to estimate the bad debts that it expects in a given period. Bad debts refer to those Account Receivables that will not pay the company back even after they have taken goods or services on credit. In order to be able to use the percent of sales method, the sales of a company need to be known.

The sales that a company makes includes both the sales that the company made and the accounts receivable. The Accounts Receivables go to the Balance Sheet and Sales go to the Income Statement. This means that the Balance Sheet balances are used as well as Income Statement balances and not just the latter.

Find out more on the percent of sales method at brainly.com/question/13958992

#SPJ1

6 0

1 year ago

According to the "rule of 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp

slava [35]

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

70/5% = 14 years

8 0

3 years ago