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4 years ago

Which of the following is a primary market transaction?

Business

1 answer:

BaLLatris [955]4 years ago

5 0

Answer:

a. IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker.

Explanation:

Basically, there are two market i.e primary market and the secondary market.

In the primary market, the shares of new stock are sold to the public at large for the first time or we can say it is an initial public offer.

And, in the secondary market, the buying and selling of stocks is done with themselves without direct transaction with the company and investors

In the given options, option A is the most appropriate option among them as the new stock is selling to the public by involving the investment banker.

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4. Consumption as a component of GDP refers to the expenditure of A. banks. B. household. C. producers. D. government.

aniked [119]

The answer is house hold

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3 years ago

What is journal and ledger

Mila [183]

Answer:

ledger account contains a record of business transactions.

while

journal is defined as the book of original entry.

Explanation:

A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.

A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger

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3 years ago

Michael’s Bakery had $236,400 in net fixed assets at the beginning of the year. During the year, the company purchased $53,200 i

alexdok [17]

Answer:

$270,300

Explanation:

Given that,

Net fixed assets at the beginning of the year = $236,400

New equipment purchased = $53,200

Old equipment sold = $22,000

Book value of old equipment = $5,900

Depreciation expense for the year = $13,400

The value of new equipment purchased added to the fixed assets, the book value of the old equipment and the depreciation expense are deducted from the fixed assets.

The sale of old equipment and depreciation expense reduces the net fixed assets, that's why it is deducted from the net fixed assets.

Net fixed assets at the end of the year:

= Beginning net fixed assets + Value of new equipment - Book value of the old equipment sold - Depreciation expense

= $236,400 + $53,200 - $5,900 - $13,400

= $270,300

6 0

3 years ago

Indigo Construction Inc. agrees to construct a boat dock at the Smooth Sailing Marina for $43,700. In addition, under the terms

pogonyaev

Answer: The transaction price that Indigo should compute for this agreement = $54,260

Explanation:

First , we'll evaluate Variable consideration using expected value method.

The probability of time completion is 60%

The consideration (performance bonus) = 12,000;

∴ Expected consideration = 60% of 12000 = $7,200 

Probability of completing the project one week late = 20%

The consideration = 9600

∵ The performance bonus reduces by 2400 for delay of a week;

∴ Expected consideration = 20% of 9600 = $1920

Similarly, for a delay of 2 weeks,

Expected consideration = $1,440 

So, the total expected consideration comes to 10,560/-

Transaction price = contract cost + Variable consideration

=43700+(12000 × 0.6+ 9600 × 0.2 + 7200 × 0.2)

=$54,260

3 0

4 years ago

Which of the following caused readership of The Boston Globe to plummet?

Vera_Pavlovna [14]

IT IS>>>>>>>> ONLINE NEWS

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3 years ago