A(n) _____ refers to a situation where a publicly traded company is purchased and then taken off the stock market.

“Gambler fallacy” is the Believe that if people keep gambling they will eventually win big

Elena-2011 [213]

The answer is False

Hi hope you doing well!

6 0

2 years ago

When managers work on creating conditions and systems to ensure that everything and everyone works together to achieve the organ

SVETLANKA909090 [29]

Answer: Organising

Explanation: Organising in management involves the role a manager plays to ensure that things are working effectively in an organization and that every department in the organization are working at their maximum best. In organising the manager puts everything in place for the smooth running of the organization.

7 0

3 years ago

The mayor of NYC convinced the Rent Guidelines Board to approve a rent freeze. Landlords complained, but could not change it. Th

marin [14]

Relationship of the firm to other economic agents.

Explanation:

Economics is a branch of social science where it shows the relation between the firm as well as other economic agents. The economic agents can interact individually as well as in an aggregate way. An economic agent is referred to as decision maker that can effect the economy at the time of selling, producing, buying. The various examples of economic agents are firm, households, individuals as well as business.

In this context NYC is a firm and the rent guideline boards as well as the landlords are various economic agents. In this context a relationship is shown between the firm and the economic agents.

7 0

3 years ago

On March 1, 2020, Pronghorn Company sold goods to Goosen Inc. for $600,000 in exchange for a 5-year, zero-interest-bearing note

maks197457 [2]

Answer:

a.

March 1, 2020

Dr Notes Receivable 923,174

Cr Discount on Notes Receivable 323,174

Cr Sales Revenue 600,000

Dr Cost of Goods Sold 368,000

Cr Inventory 368,000

b.

December 31, 2020

Dr Discount on Notes Receivable 45,000

Cr Interest Revenue 45,000

Explanation:

Pronghorn Company Journal entries

a.

March 1, 2020

Dr Notes Receivable 923,174

Cr Discount on Notes Receivable 323,174

Cr Sales Revenue 600,000

Dr Cost of Goods Sold 368,000

Cr Inventory 368,000

b.

December 31, 2020

Dr Discount on Notes Receivable 45,000

Cr Interest Revenue (9% X $600,000 X 10/12)45,000

4 0

2 years ago

Sales on account are collected over a three-month period as follows: 20% collected in the month of sale, 60% collected in the mo

shepuryov [24]

Answer: Incomplete question.

a. The cash balance on Dec 1 is $47,600.

b. Actual sales for October and November and expected sales for December are as follows:

Oct. Nov. Dec

Cash sales $65k. $70k. $83k

Sales on acc $400k $525k $600k

Explanation:

1. Calculate the expected cash collections for December.

Total cash sales= $85,000

Sales on account= 18% x $400,000 + 60% x $525,000 + 20% x $600,000

= $72,000 + $315,000 + $120,000

= $507,000

Cash collection for Dec.

= $85,000 + 507,000

= $592,000

2. Calculate the expected cash disbursements for merchandise purchases for December.

= purchases in Nov of $194,500 + 30% of $351,000

= 194,500+105,300

= $299,800

3. Prepare a cash budget for December.

Opening cash bal. $ 47,600

Add:

Expected cash coll. $ 592,000

Bank loan( balance). $ 226,300

Less:

Expected cash pmt. $ 299,800

Expected selling exp. $ 430,600

Web server. $104,000

Dividend. $11,500

Balance. $20,000

7 0

2 years ago