Answer:
d. synonyms for price.
Explanation:
All the stated items (attorney fees, entrance fees, train fares, and organisation dues) are all prices.
Price is the amount that is paid for a particular good or service performed.
When fixing a price usually there is an offer and acceptance of the amount to be paid for goods or services.
Also payment can be made upfront like the case of train fare. While in other instances payment may be deferred as is seen in attorney fees and organisation dues.
Price can also change when one party grants concession to the other, for example loan rebate where the debtor is given price relief.
Answer:
Year Exports - Imports Percentage of GDP
1997 -101.4 1.22%
1998 -161.8 1.84%
1999 -262.1 2.80%
2000 -382.1 3.84%
2001 -371 3.61%
We can see that the deficit in grew every year except for the year 2001, when it was reduced a bit. This was because the U.S. began to import more goods than it exported.
Answer:
Apr 1
DR Cash $234,000
CR Common stock $63,000
CR Paid in capital in excess of par - Common Stock $171,000
<em>(To record issuance of common stock)</em>
Apr 7
DR Cash $540,000
CR Preferred stock $350,000
CR Paid in capital in excess of par - Preferred Stock $190,000
<em>(To record issuance of preferred stock)</em>
Explanation:
April 1
Cash
9,000 * 26 = $234,000
Common stock
9,000*7 = $63,000
April 7
Cash
5,000*108 = $540,000
Preferred stock
5,000*70 = $350,000
Answer:
maximize shareholder wealth
Explanation:
Answer:
Explanation:
Question 27
If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.
Question 28
Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?
C. Accounts receivable are collected in cash.
Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.
It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.
