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3 years ago

6

A population of wild horses has a growth rate (r) of 0.2 per year. If the population starts out with 50 individuals and there is

no migration, how many would you expect after one year; after two years?
a. 10; 2 b
52; 54
c. 60; 70
d. 60;72
e. 70;90

1 answer:

777dan777 [17]3 years ago

7 0

The answer to this question is e

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On January 10, 2019, Metlock, Inc. sold merchandise on account to Monty Co. for $20,900, n/30. On February 9, Monty Co. gave Met

denis23 [38]

Answer:

The required journals to be recorded are as follows:

On January 10:

Debit Accounts receivable $20,900

Credit Sales revenue (credit) $20,900

<em>(To recognize account receivables on merchandise sale)</em>

On February 9:

Debit Notes receivable $20,900

Credit Accounts receivable $20,900

<em>(To reclassify accounts receivable to notes receivable)</em>

On March 9:

Debit Interest receivable $174.17

Credit Interest revenue $174.17

<em>(To record interest on notes receivables [</em>$20,900 x 10%/12]<em>)</em>

Explanation:

First, on January 10, when Metlock Inc. sold merchandise on account to Monty Co., Metlock has to recognize an accounts receivable because the sales transaction was on account.
However, since Monty gave a 10% promissory note, Metlock has to record the same by reclassifying the initially recognized accounts receivable to notes receivable, since that is what the company is expecting.
The 10% on the promissory notes means Metlock would be recognizing the amount in its interest revenue.

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3 years ago

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Flura [38]

Answer:

Warnerwoods Company

Perpetual Inventory System:

1. Cost of Goods Available for Sale and Units Available for Sale:

Mar. 1 Beginning inventory 60 units $50.20 per unit $3,012

Mar. 5 Purchase 205 units $55.20 per unit 11,316

Mar. 18 Purchase 65 units $60.20 per unit 3,913

Mar. 25 Purchase 110 units $62.20 per unit 6,842

Available for Sale 440 units Cost = $25,083

2. The number of units in ending inventory:

Units Available for Sale 440

Subtract units sold 310

Ending Inventory 130 units

3. The Cost assigned to ending inventory using:

a) FIFO: Ending Inventory

20 units at $60.20 per unit = $1,204

110 units at $62.20 per unit = 6,842

Ending Inventory $8,046

b) LIFO: Ending Inventory

Mar. 1 Beginning Inventory 45 units $50.20 per unit = $2,259

Mar. 18 Purchase 65 units $60.20 per unit = 3,913

Mar. 25 Purchase 20 units $62.20 per unit = 1,244

Ending Inventory 130 units Cost = $7,416

c) Weighted Average: Ending Inventory

Cost of Goods Available for Sale divided by units available for sale

= $25,083/440 = $57 per unit

Ending Inventory = $57 x 130 = $7,410

d) Specific Identification: Ending Inventory

This cannot be answered from the information provided in the question:

4. Gross Profit for each costing method:

FIFO LIFO WEIGHTED SPECIFIC

AVERAGE IDENTIFICATION

Sales $27,312 $27,312 $27,312 $27,312

Cost of Sales 17,037 17,667 17,670

Gross Profit $10,275 $9,645 $9,642

Explanation:

a) Sales:

Mar. 9 Sales 220 units $85.20 per unit = $18,744

Mar. 29 Sales 90 units $95.20 units = 8,568

Total = $27,312

b) Cost of Sales:

i) FIFO

Mar 1. Beginning inventory 60 units $50.20 per unit = $3,012

Mar. 5 Purchase 205 units $55.20 per unit = 11,316

Mar. 18 Purchase 45 units $60.20 = 2,709

Cost of Sales = $17,037

ii) LIFO:

Mar. 1 Beginning inventory 15 units $50.20 per unit = $753

Mar. 5 Purchase 205 units $55.20 per unit = $11,316

Mar. 25 Purchase 90 units $62.20 per unit = $5,598

Cost of Sales = $17,667

iii) Weighted Average:

Cost of Sales = $57 x 310 = $17,670

c) Calculations under the specific identification cannot be made because of the figures given under this method.

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4 years ago

Regional Investment Corporation (RIC) hires Sam, a real estate agent, to locate investment properties for RIC. Sam learns of a w

prisoha [69]

Answer:

A) breached the agent's fiduciary duties to the principal.

Explanation:

To be more specific, Sam broke the agent's the duty of loyalty towards the principal. An agent must act in the best interest of the principal, not on his own best interest. The agent is getting paid for performing a task on behalf of the principal, and by taking advantage of his position, the agent has clearly breached his contract with the principal. Therefore, the principal can sue the agent and recover for damages (tort suit).

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Your next-door neighbor, a kind, elderly lady, just discovered that her stock account had been excessively traded in an inapprop

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This is an example of Churning.

<h3><u>What is Churning?</u></h3>

Churning, or excessive trading of assets in a client's account by a broker to generate commissions, is an unlawful and unethical practice.
Churning cannot be quantified, it may be demonstrated by the repeated purchasing and selling of stocks or other assets that fall short of the client's investing goals.
Churning is the practice of exchanging assets excessively in a client's brokerage account in an effort to earn commissions.

Learn more about churning with the help of the given link:

brainly.com/question/10845172?referrer=searchResults

#SPJ4

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2 years ago

Most founders' agreements include a buyback clause, which legally obligates the departing founder to sell to the remaining found

Rashid [163]

Answer:

Yes

Explanation:

This type of agreements are generally signed in order to protect the foundling members of a business that decide to continue working. Generally, founding members have a large participation in the business or even have certain special stocks that grant them higher voting power. In order for the remaining founders to be able to keep managing the company, they sign this type of agreements so that other external investors do not replace them.

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3 years ago