Answer:
D. Cash 12,250
Equity Investments 4,657
Gain on Disposal 7,593
Explanation:
Since Westbrook's investment doesn't represent a significant influence on Cloud, the equity method for recording investments is not required. So the investment and related transactions must be reported at fair market value.
In this case, since cash is received, cash account must be debited by $12,250. The initial cost of the stocks that were sold = ($15,000 / 7,250) = $2.07 x 2,250 stocks = $4,657, so that amount must be credited to equity investment account (it decreases).
Finally, the gain resulting from this transaction = sales price - cost = $12,250 - $4,657 = $7,593.
Answer:
Production= 455,000 units
Explanation:
Giving the following information:
Beginning Inventory= 81,000
Ending Inventory= 51,000
Sales= 485,000
<u>To calculate the production required for the period, we need to use the following formula:</u>
Production= sales + desired ending inventory - beginning inventory
Production= 485,000 + 51,000 - 81,000
Production= 455,000 units
<h2>Independently owned and operated high-street stores and restaurants is an example of monopolistic competition.</h2>
Explanation:
The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product.
- Clothing industry- Marketing and branding is the main separator between different evidently similar black shirts.
- The fast-food industry- where a burger made by McDonald’s is quite similar to a burger made by Burger King, though consumers usually have a preference between the two chains.
- Independently owned and operated high-street stores and restaurants- In the case of restaurants, each one offers something different and possesses an element of uniqueness, but all are essentially competing for the same customers.
Answer:
accountability
Explanation:
It is the duty utmost duty of the organisation to grant appraisal and bonus on the basis of accountability of the manager or any other employee.
The effective diversity management is innovative strategy that ensure to provide that type of workplace that provide environment to do work effectively and efficiently. working in diversity environment boost the employee will power and help to improve morale.
W understated his age at the time he wanted to purchase the insurance policy; he was 52 then but he stated his age as 50. The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that THE AMOUNT THAT WILL BE PAID TO W'S BENEFICIARIES WILL BE EQUIVALENT TO THE AMOUNT THAT THE PREMIUM WOULD HAVE BOUGHT IF THE CORRECT AGE HAD BEEN STATED.
