Answer:
Your company collects and analyzes data from the U.S. census.
Explanation:
Secondary data refers to data that is used not by the investigator who collected the data in the first place but for other parties that did not made the collection data process with the subject population.
Answer and Explanation:
The computation is shown below;
a. Total assets are
= Stock + Cash
= [$294,000 ÷ 1500 × 300] + [$300,000 - $225,000 - $69,000]
= $64,800
And, Total expenses is
= Materials + Labor
= $225,000 + $69,000
= $294,000
The Name of the expense is Purchases, Salaries
b. Total assets are
= Cash
= $300,000 - $225,000 - $69,000
= $64,800
And, the Total expenses = $294,000
The Name of the expense is Supplies, Salaries
Answer:
c. Credit to Dividends for $440.
Explanation:
The second closing entry is
Retained earnings $440
To Dividend $440
(being the dividend account is closed)
Here the retained earnings is debited as it decreased the stockholder equity and the dividend is credited as it is closed
Also the first closing entry represent the closing of revenues and expenses
Therefore the option c is correct
Answer:
Retiring the oldest bond
Explanation:
Firms issue bonds to raise the funds. Firm has to pay dividend on those bonds and the ability of firm to pay dividend reflect the financial position of the firm. Thus, retiring the oldest bond in exposes company to the most risk of being issued an emergency loan
