Answer:
The answer is: B) Debit balance of $10,000
Explanation:
Accounts Receivable account is an asset, and when assets increase, they have to be debited.
Before any adjustment was made, Accounts Receivable had a $6,000 balance. The new contract is worth $24,000 hat shall be divided into 6 months, which means $4,000 per month.
So at the end of the month the $4,000 form the new contract must be added to Accounts Receivable. This has to be done be a debit record of 6,000, so the adjusted balance of the account is 10,000.
Answer:
r = 0.16 or 16%
Explanation:
Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free rate
rM is the return on market
r = 0.07 + 1.5 * (0.13 - 0.07)
r = 0.16 or 16%
Answer:
the answer is (b )that I'd criminal law addresses private wrongdoings, while civil laws addresses public wrongdoings
Answer:
$237
Explanation:
From the information given
Using FIFO perpetual inventory method, we have
(8 × 11) + (11 × 10) + (3 × 13)
= 88 + 110 + 39
= 237
Therefore, cost of 22 units sold is $237
Note: FIFO perpetual inventory method is a cost flow tracking system where the first unit of inventory acquired is the first unit of inventory sold. So in this case, we calculated the cost of the first 22 unit acquired.
Answer:
$45,600
Explanation:
Particulars Amount
Redding capital $18,000
Potential loss of non-cash Assets (138,000*20%) <u>$27,600</u>
Maximum amount contributed by Redding, Capital <u>$45,600</u>
So, the maximum amount that Redding might have to contribute to this partnership because of the deficit capital balance is $45,600.
