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Nataly_w [17]
3 years ago
7

IBC stands for A None of the above B Idea Basics for Certifications C Industry Based Certification D Introductory Business Certi

fication
Business
1 answer:
Feliz [49]3 years ago
3 0
C industry based certificate
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Barney appears to be very impressed by the candidate's non-verbal communication skills.
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(a) Explain the quantity theory and<br>(b) how does the theory explains the cause of inflation​
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The quantity theory is a framework to understand price changes in relation to the supply of money in an economy.

It assumes an increase in money supply creates inflation and vice versa.
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Which of the following is an incorrect step in the process of partnership liquidation? Question 3 options: Paying any liabilitie
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Olsen Outfitters Inc. believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate i
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Answer: 12.5%

Explanation:

Amount that will be raised with Equity = 65% * 5,700,000 = $3,705,000

This is more than the retained earnings so new equity will have to be issued at cost of 16%

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Less than $2 million so cost of debt is 10%

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7 0
3 years ago
Required information
photoshop1234 [79]

Answer:

Missing word

<em>"Shipping supplies on hand, January 1 of the current year  $13</em>

<em>Purchases of shipping supplies during the current year $75</em>

<em>Shipping supplies on hand, counted on December 31 of the current year $20"</em>

<em />

1.  Adjusting entry for insurance at December 31 of the current year.

S/n  General Journal                       Debit    Credit

a.     Insurance expense                  $870

       (6,960/24)*3=$ 600

             Prepaid insurance                             $870

       (Insurance expired)

b.    Shipping supplies expenses    $68

       ($13+$75-$20)

            Shipping supplies                               $68

       (Supplies used)

2.  What amount should be reported on the current year's income statement for Insurance Expense?

Insurance expense = $870

Shipping supplies expense = $68

3. What amount should be reported on the current year's balance sheet for Prepaid Insurance?

Prepaid insurance = ($6,960-$870) = $6,090

Shipping supplies as on Dec 31. = $20

6 0
3 years ago
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