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3 years ago

To discover the extent to which economic status can be used to predict political preferences?

Business

1 answer:

Papessa [141]3 years ago

3 0

Answer:

To discover the extent to which economic status can be used to predict political preferences Correlational measures will be used.

Explanation:

Relationship coefficients are proportions of relationship between (at least two) factors. Connection is a proportion of affiliation that tests whether a relationship exists between two factors.

It shows both the quality of the affiliation and its course (immediate or reverse).:To discover the extent to which economic status can be used to predict political preferences Correlational measures will be used.

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Company's comparative balance sheet E(Click the icon to view the comparative balance sheet.) t January 31, 2019, and 2018, repor

frozen [14]

Answer:

Bosley Company

Calculation of Net Income or Net Loss during the year ended January 31, 2019, under three independent situations:

Situation 1. Bosley issued $5 million of stock and declared no dividends.

Net Loss = stockholders' equity, January 31, 2018 plus new issue of stock less stockholders' equity, January 31, 2019

= $51 + 5 - 31 = $25 million

Situation 2. Bosley issued no stock but declared dividends of $8 million.

Net loss = stockholders' equity, January 31, 2018 less (dividends + stockholders' equity, January 31, 2019)

= $51 - (8 + 31) = $12 million

Situation 3. Bosley issued $10 million of stock and declared dividends of $50 million :

Net income = (stockholders' equity, January 31, 2019 plus dividends) minus (stockholders' equity, January 31, 2018 plus Issuance of stock)

= ($31 + 50) - ($51 + 10) = $20 million

Explanation:

a) Data and Calculations:

2018 2019

Total assets 74 48

Total liabilities 23 17

Total stockholders' equity 51 31

Stockholders' equity according to the accounting equation = Assets minus Liabilities for each year.

b) Situation 1. Bosley issued $5 million of stock and declared no dividends.

($' million)

Total stockholders' equity, January 31, 2018 51

Add: Issuance of stock 5

Net income 0

Less: Dividends declared 0

Net loss (25 )

Total stockholders' equity, January 31, 2019 31

Net Loss = stockholders' equity, January 31, 2018 plus new issue of stock less stockholders' equity, January 31, 2019

= $51 + 5 - 31 = $25 million

c) Situation 2. Bosley issued no stock but declared dividends of $8 million.

($' million)

Total stockholders' equity, January 31, 2018 51

Add: Issuance of stock 0

Net income 0

Less: Dividends declared (8 )

Net loss (12 )

Total stockholders' equity, January 31, 2019 31

Net loss = stockholders' equity, January 31, 2018 less (dividends + stockholders' equity, January 31, 2019)

= $51 - (8 + 31) = $12 million

d) Situation 3. Bosley issued $10 million of stock and declared dividends of $50 million

($' million)

Total stockholders' equity, January 31, 2018 51

Add: Issuance of stock 10

Net income 20

Less: Dividends declared (50 )

Net loss 0

Total stockholders' equity, January 31, 2019 31

Net income = (stockholders' equity, January 31, 2019 plus dividends) minus (stockholders' equity, January 31, 2018 plus Issuance of stock)

= ($31 + 50) - ($51 + 10) = $20 million

4 0

2 years ago

What is a competitive market? A. a market in which a good can be bought and sold at the same price B. a market in which a good

Wittaler [7]

Answer:

The correct answer is letter "A": a market in which a good can be bought and sold at the same price.

Explanation:

Competitive markets are those with large numbers of producers fighting against each other to fulfill consumers' needs. In these markets, the producers and consumers cannot determine the price of the goods or services being traded. Both participants are price-takers which imply they will come to a point in which the price level offered by producers and desired by consumers will be equal.

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3 years ago

On January 1, 2020, Echo Company issued $550,000, 16 year, 9%, annual, callable bonds for $475,000. On December 31, 2025, Echo C

Gnom [1K]

Answer:

1. Prepare the Journal Entry to record the Issuance of the Bond

January 1, 2020, bonds issued at a discount

Dr Cash 475,000

Dr Discount on bonds payable 75,000

Cr Bonds payable 550,000

2. Determine the amount of the Discount/Premium that is still not amortized (using the Straight-Line Method)

total bond life = 16 years, 5 years have passed

amortization of bond discount per coupon payment = $75,000 / 16 = $4,687.50

so $51,562.50 have not been amortized yet

3. Prepare the Journal Entry to record the Retirement (Redemption) of the Bond.

Before being able to redeem the bonds, the remaining discount must be amortized:

December 31, 2025, amortization of bond discount

Dr Interest expense 51,562.50

Cr Discount on bonds payable 51,562.50

the journal entry to record the redemption of the bonds

December 31, 2025, bonds redeemed at a loss

Dr Bonds payable 550,000

Dr Loss on retirement of debt 11,000

Cr Cash 561,000

7 0

3 years ago

Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those cont

Sauron [17]

Full question:

Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation.

A) completeness and valuation

B) completeness and accuracy

C) rights and obligations and existence

D) occurrence and accuracy

Answer:

Auditors tests those controls to provide evidence supporting the completeness and accuracy presentation.

Explanation:

During the interim audit, the internal control system is documented and assessed. The completeness and accuracy of the erudition in the report superimposed which the auditor is relying on. Accuracy simply is inadequate. One requires to obtain certitude about both the completeness and the accuracy.

The statement that all the transactions that should hold been recorded are recorded is named completeness. A transaction is deemed accurate if: There is no fault while developing the supporting document, and there is no failure while posting this transaction.

4 0

3 years ago

In November, one of the processing departments at Goodsell Corporation had beginning work in process inventory of $36,000 and en

o-na [289]

Answer:

c) $463,000

Explanation:

Goodsell Corporation

FIFO Method

Current Costs

Costs Added $ 427,000

Add Beginning Work in Process Inventory $36,000

Total Current Cost $ 463,000

Cost Transferred Out $ 428,000

Add Ending Work in Process Inventory $35,000

Total Current Cost $ 463,000

FIFO assigns the current period costs to the inventories. Current period costs are obtained by adding the costs transferred out and ending inventories costs or beginning costs and costs added.

6 0

2 years ago