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BabaBlast [244]
3 years ago
9

Budget information for college athletic programs show that the programs could not exist with receive a significant amount of mon

ey from:______
a. Student Fee
b. University Fee
c. both 'a' and 'b'
d. None of these
Business
1 answer:
My name is Ann [436]3 years ago
7 0

Answer:

The correct answer is letter "A": Student Fee.

Explanation:

Student Fees are the monthly or quarterly payments students make to access education in a university or college. The money polled is useful to fund different school activities such as implementing more books and study resources in libraries, improving the faculties' structures, and supporting students' activities such as research and sports.

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Do you think global warming will have an impact on you during your lifetime? a cbs news/new york times poll of adults in the uni
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Hansel just bought 100 N95 masks to sell during the pandemic. Hansel realizes he doesn’t have enough and calls Gretel on the pho
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7 0
1 year ago
During 2014, Larue Co., a manufacturer of chocolate candies, contracted to purchase 200,000 pounds of cocoa beans at $4.00 per p
gtnhenbr [62]

Answer:

Find below the complete set of question

During 2020, Larue Co., a manufacturer of chocolate candies, contracted to purchase 249000 pounds of cocoa beans at $3.90 per pound, delivery to be made in the spring of 2021. Because a record harvest is predicted for 2021, the price per pound for cocoa beans had fallen to $3.25 by December 31, 2020.  

Of the following journal entries, the one which would properly reflect in 2020 the effect of the commitment of Crane Co. to purchase the 249000 pounds of cocoa is

Cocoa Inventory 971100  

Accounts Payable  971100

Cocoa Inventory 809250  

Loss on Purchase Commitments 161850  

     Accounts Payable                  971100

Unrealized Holding Gain or Loss-Income 161850  

Estimated Liability on Purchase Commitments  161850

No entry would be necessary in 2020

The correct option is the given below:

Unrealized Holding Gain or Loss-Income $161,850 Estimated Liability on Purchase Commitments $161,850

Explanation:

Apparently,Larue Co. has committed itself to buying the 249,000 pounds of cocoa in a legal agreement,hence the company is exposed to risk of any moment in the price of cocoa before the delivery date.

As a result,as at 31st December 2020,the company needs to compare the contracted price of $3.90 per pound to the current price reality in the market place.

Information gathered shows that price per would most likely $3.30,this means that the company should recognize the losses in its books.

Unrealized losses=($3.90-$3.25)*249,000=$161,850

This would debited to Unrealized Holding Gain or Loss-Income and credited to Estimated Liability on Purchase Commitments $161,850

7 0
3 years ago
You decide to integrate your supply chain to cut down production time. This is an example of a(n) _________ strategy.
RSB [31]

When a company integrates its supply chain to allow it to improve efficiency, this is known as<u> Vertical Integration. </u>

<h3>What is vertical integration?</h3>
  • Involves acquiring a company along the supply chain.
  • Can be either forward or backward integration.

Forward integration involves acquiring a company that is further along in the supply chain such as a producer acquiring a retailer. Backward integration would be the reverse situation.

In conclusion, this is vertical integration.

Find out more on vertical integration at brainly.com/question/19815172.

5 0
2 years ago
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