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3 years ago

What corporate restructuring is and why it occurs?

Business

1 answer:

Gekata [30.6K]3 years ago

6 0

Changes to anything in the higher up corporate areas

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Hoffman, Inc. adjusts its books each month but closes its books at the end of the year. The trial balance at March 31 before adj

serious [3.7K]

Answer:

$22,020

Explanation:

Given, (Before Adjustment)

Unearned Service Revenue $6,600

Service revenue $17,190

The adjusting entry to record the expired unearned revenue is

Debit Unearned Service Revenue $4,830

Credit Service revenue $4,830

Therefore, the amount of Service Revenue Earned to be reported in the March income statement is as follows:

Service revenue before adjustments = $17,190

<u>Unearned Service Revenue earned in March = $4,830 </u>

Service revenue after adjustment = $22,020

5 0

3 years ago

If the rate of inflation is 2.2% per year, the future price pt (in dollars) of a certain item can be modeled by the following ex

postnew [5]

Answer:

1693.25

Explanation:

The computation of the current price of the item and the price 9 years from today is shown below:-

p(t) = 1,200 × (1.039)^t

Now, the current price can be found by putting t = 0

p(0) is

$1,200\times (1.039)^0 = $1,200$

The price 10 years from today

p(9) is

$1,200\times (1.039)^9$

Now we will solve the above equation

= 1,200 × 1.411041958

= 1693.25035

= 1693.25

6 0

3 years ago

In order to live, people's physical needs must be satisfied? true or false?

tino4ka555 [31]

I believe this answer is true.

5 0

3 years ago

Landmark Company This company reported the following information in the stockholders' equity section of its December 31, 2019 ba

Jobisdone [24]

Answer:

option (c) 50,000

Explanation:

Number of shares of common stock issued and outstanding

= ( Price for Common Stock Authorized ) ÷ ( Market price of common stock per share )

given in the question:

Price for Common Stock Authorized = $600,000

Market price of common stock per share = $12

Therefore,

Number of shares of common stock issued and outstanding

= $600,000 ÷ $12

= 50,000

Hence,

the correct answer is option (c) 50,000

3 0

3 years ago

Which of the following statements reflects why sunk costs are irrelevant? (Check all that apply.) The statement is not true – so

Nataly [62]

Answer:

Some costs have been incurred already, and therefore do not change across alternatives in some current or future decision.

Explanation:

Sunk costs are <u>costs that have already been incurred by a business and cannot be recovered</u>. For this reason, they are irrelevant to current and future business decisions.

For example, an organization purchases a piece of equipment for $10,000 and discovers that additional parts need to be purchased for $1,000. The $10,000 is a sunk cost because it cannot be recovered.

8 0

3 years ago