Answer:
The correct answer is project A, B and D.
Explanation:
According to the given scenario, the given data are as follows:
Low risk WACC project = 8%
Average risk WACC project = 10%
High risk WACC project = 12%
As the company always prefer the projects that exceeds the WACC projects.
So,
- Project A has 15% which exceeds the high risk WACC project.
- Project B has 12% which exceeds the average risk WACC project
- Project C has 11% which does not exceeds the high risk WACC project, hence it is not the correct answer.
- Project D has 9% which exceeds the low risk WACC project.
Answer:
a. $133,000
Explanation:
Computation of inventory purchased
Beginning ($51,000)
Cost of goods sold $130,000
Ending $55,000
Purchases during the year $134,000
Computation of amount paid for purchases
Beginning payable $32,000
Purchase during the year $134,000
Ending payable ($33,000)
Cash payments for purchases of merchandise $133,000
Answer:
The correct answer is (b)
Explanation:
It is generally said that if you’re in a family business you are in a partnership. The partvizians is a family which owns several rug stores. When their children will take over the business they will be considered partners. They will own the business equally and they will share the profits and losses. It is also known as a family-owned business where two or more family members run a business and act as business partners.
In the event of a conflict between the statutory duties of the intermediary and the common law duties of the dual agency of a broker, which takes precedence is Statutory intermediary.
The definition of statutory is something mandated by way of or related to statutes, which are legal guidelines or payments exceeded by the legislature. An example of statutory law is the regulation observed inside the easy Air Act, a federal statute.
Statutory rights are the minimum rights guaranteed to clients ruled by means of the consumer Rights Act 2015. The regulation stipulates a store is obliged to offer goods that are of first-rate pleasant, suit for purpose, and as described.
Statutory obligations and rights of employees and employers. As soon as a member of staff starts working in a selected business enterprise, they're entitled to sure statutory rights. those rights relate to fitness & protection, phrases, and conditions of employment, identical possibilities, pay, and greater.
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Answer:
Credit the following;
Investment (Available for sale) $18,000
Gain on sale of an investment $2,000
Explanation:
Assuming all the unrealized holding gains and losses have been reversed, the investment will be recorded at the original cost of $18,000 instead of the fair value and the gain would then be $2,000.
The Journal entry for the sale would be;
DR Cash.......................................... .............$20,000
CR Investment (Available for sale)......................... $18,000
Gain on sale of an investment .................................$2,000
<em>(To record sale of bond investment)</em>