Answer:
D. Trading securities
Explanation:
Tanner-UNF Corporation
This investment would be classified on Tanner-UNF's balance sheets asTrading securities.
TRADE SECURITIES can be defined as the securities which have been purchased or bought by a company for the sole aim of realizing a short-term profit.
Hence, Companies do not always intend to keep such securities for a long period of time which is why they will only invest it if t they believe or thought they have a good chance of being compensated for the risk. they are taking which is why TRADE SECURITIES always includes both debt securities and equity securities.
Answer:
For instance, its UE Boom portable was built in its own factories in China. Logitech uses a combination of <u>CONTRACT MANUFACTURING</u> and <u>DIRECT OWNERSHIP</u> when manufacturing products.
Explanation:
Contract manufacturing basically refers to outsourcing production to another company, it is basically what Apple does with Foxconn in China. Foxconn produces iPhones for Apple, but it cannot sell them as their own products.
Direct ownership refers to companies that actually own the factories that produce their products, e.g. Honda cars are made in the US in Honda factories.
Answer:
Option (c) is correct.
Explanation:
Given that,
Cost of machine = $39,000
Depreciation years = 4
Salvage value = $3,000
Straight line rate:
= (100 ÷ 4)%
= 25%
Double declining rate:
= (2 × Straight line rate)
= (2 × 25)%
= 50%
Depreciation for year 2012:
= Cost of machine × Double declining rate × Time period
= $39,000 × 50% × 6/12
= $9,750
Depreciation for 2013:
= (cost of machine - Depreciation for year 2012) × Double declining rate
= (39,000 - $9,750) × 50%
= $14,625
Answer:
Explanation:
first of all we need to identify the present value of laibility
v= 85000/(1+15%)^4
Pv = 48599 which is equal to cash recieved.
We need to perpare amotization schedule to recognize closing laibiltity carying amount and interst expense
Amortization schedule
Year Amount Interest 15% Closing Amount
1 48599 7289.85 55888.85
2 55888.85 8383.33 64272.18
3 64272.18 9640.83 73913
4 73913.00413 11086.95 85000
Entries
Cash 48599
Long term Liability 48599
To record the long term laibility
Interest Expense 7289.85
Laibilty 7289.85
To record the interest expense on the laibility
Answer:
(1) The planning value for the population standard deviation:
= 5,000
(2) Given a = 0.05, Z(0.025) = 1.96 (from standard normal table)
(a)
n = 384.16
(b)
n = 2,401
(c)
n = 9,604
(3) No, because the sample size of the study is too larger.