Answer:
Option A. Debit unrealized holding gain or loss for $400,000 and credit estimated liability on purchase commitment for $400,000.
Explanation:
According to the Accounting Principles losse are always debited and gains are always credited. This means that the notional loss or gain due to the decrease or increase in the value of the contract must be recorded in the current year by debit or credit respectively.
The notional gain or loss at the end of fiscal year, can be calculated by taking the difference of the Agreed value and the current market value of the contract.
The agreed value of the contract is $2,000,000 and the Market Value is $1,600,000, which means that the unrealized losses are $400,000 ($2,000,000 - $1,600,000).
The double entry would be recording the losses of $400,000 due to technologically decrease in the value:
Dr Unrealized Loss $400000
Cr Estimated liability on Purchase Commitment $400000
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
the GDP is $6,850 billion
Explanation:
The computation of the GDP for this economy is as follows:
GDP = Personal consumption expenditure + Government purchases + Gross private domestic investment + Exports- imports
= $4,800 + $1,050 + $1,130 + $240 - $370
= $6,850
hence, the GDP is $6,850 billion
Answer:
a. radius = 0.0006m = 0.6mm and length =0.393m = 393mm
b. frequency =377.86Hz
Explanation:
Given:
mass of steel= 4g = 0.004kg
density of steel = 7890kg/m3
tensile stress of steel 7.0x10⁸
tension load =900N
from the density, we will calculate for the Volume of the steel string
density = mass/volume
volume = mass/density = 0.004/7890 = 5.07 x 10⁻⁷ m³
from the tensile stress will can get the maximum base Area of the string ,
tensile stress = load/area =
7x10⁸ = 900/A
A = 900/7x10⁸ = 1.29x10⁻⁶ m²
Area = πr²
area/pi = 4.105x10-7
radius = 0.0006m = 0.6mm
volume = Area x length
length = vol/area =(5.07 x 10⁻⁷ m³)/1.29x10⁻⁶ m² = 0.393m
b. the highest possible frequency is given by:
F = 
where T= tension, m=mass, L=length
F = 
= 297.04/0.786
frequency =377.86Hz
Answer: Managerial Accounting or Management Accounting.
Managerial Accounting helps managers to use the data in the financial statements in order to take decisions. These decisions help them in managing the company's operations and aid in keeping control of matters under their purview.
Managerial Accounting includes any topics from cost accounting. It helps managers to make internal plans, execute them and also see if the plans have been accurate.