Answer:
The correct answer is (b)
Explanation:
It is generally said that if you’re in a family business you are in a partnership. The partvizians is a family which owns several rug stores. When their children will take over the business they will be considered partners. They will own the business equally and they will share the profits and losses. It is also known as a family-owned business where two or more family members run a business and act as business partners.
Assuming the second CPI should be January 2016, not Jan 2015:
To calculate the rate of inflation (rate of change in CPI)
( CPI(2016) - CPI(2015) ) ÷ CPI(2015) x 100%
(236.916 - 233.707) ÷ 236.916 x100% = 1.35%
Answer:
customer must deposit $8000
Explanation:
given data
purchases bonds = $100,000
margin = 40%
solution
As we know minimum maintenance requirement set by Financial Industry Regulatory Authority is the great than 7% of face amount or 20% of the market value
and margins is minimums set by exchange
so bond is purchased at 40% is
bond purchase = 40% × $100,000 = $40000
and 20% of $40,000 is = $8,000
and 7 % of $100,000 is = $7,000
so greater amount is $8,000
so customer must deposit $8000
The answer to this question is B
Answer:
Option B is the correct answer.
Explanation:
The sale of finished goods worth $54000 for an amount of $150000 will require us to recognize a revenue of $150000 and a reduction in inventory of finished goods worth $54000.
Option a is incorrect as the gross profit is not recognized on balance sheet. The gross profit is an income statement item.
Option c is incorrect as the sale of finished goods will cause a reduction in the finished goods inventory for the amount of goods sold.
Option d is incorrect as the sale will be recognized in sales revenue on the profit and loss statement and not on the balance sheet as revenue is a profit and loss statement account.
Thus, option b is the correct answer as the sale of finished goods will be represented by a reduction in finished goods inventory by the cost of the goods sold which is $54000.
