Answer: George Washington
Explanation: He was a founding father of the U.S, establishing his importance in history and earning a place on the U.S currency.
Answer:
1.27%
Explanation:
Rate of return = [(1+real risk free rate)/(1+inflation rate)]-1
real risk free rate = 3.5%
inflation rate = 2.20%
Therefore Rate of return = [(1+ 3.5%)/(1+2.20%)]-1
=1.27%
<span>We know that Profit = Earnings - Cost</span>
Case 1: Sold as is
Profit = (300 fans* $20/fan) - (300 fans*
$55/fan)
Profit = - $10, 500 (deficit)
Case 2: Processed further then sell
Profit = (300 fans* $90/fan) – [(300 fans*
$55/fan)
+ (300 fans* $40/fan)]
Profit = - $1, 500 (deficit)
<span>Since Case 2 has lower deficit, then it is better to
process the fans further then sell to normal selling price.</span>
Credit to the investment account for $8,000. The consolidated financial statements would therefore be necessary once one firm acquired 50% or more of the voting capital of another company. A parent-subsidiary relationship is created as a result of consolidation, with the parent business assuming ownership of the stock.
Investment account:
When you consider investing, a cash account is likely the type of Investment account that comes to mind. You fund a cash brokerage account by making a deposit, and you then utilise the money to purchase securities.
Cash and assets (stocks, bonds, ETFs, mutual funds, etc.) that you buy and sell to reach your financial objectives are kept in an investment account. Trading accounts for individual investors are managed by dealers and their representatives who are registered investment advisors.
There are four basic asset classes, or investment categories, from which you can select. Each has unique qualities, dangers, and advantages.
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Answer:
Dr Cost of Goods Sold 20,000
Cr LIFO Reserve (20,000
)
Explanation:
<u>Journal Entr</u>y
Dr Cost of Goods Sold 20,000
Cr LIFO Reserve (20,000
)
<u>Ending Balances after adjustment</u>:
<u>Stocks</u>:
Inventories 375,000
<u>LIFO Reserve </u> <u> (55,000
)</u>
Total: 320,000 ( Financial Statement and Income Tax compliance )