1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MAXImum [283]
3 years ago
13

When did the stock market crash 2008 start?

Business
1 answer:
aniked [119]3 years ago
7 0
Occurred on September 29, 2008

hit pre-recession high on October 9, 2007




more info in link:
https://www.thebalance.com/stock-market-crash-of-2008-3305535
You might be interested in
In financial markets, firms and governments in search of funds to pay for their daily operations would be the:___________.
bija089 [108]

Answer:

Borrowers

Explanation:

Financial markets provide the platform for trading of financial assets (instruments) . In the financial markets, through the activities of a combination of participants , funds from the <em>surplus secto</em>r <em>(investors)</em> are channeled to the <em>deficit sector (borrowers).</em>

<em>The surplus sector</em><em> c</em>omprises of persons, government, firms e.t.c<em> who have</em> <em>more funds than they need to spend right away</em>. Conversely, the deficit sector represents parties (firms, individuals, government) <em>who are have shortage of funds for whatever purpose</em>-e.g consumption, business expansion, funding of daily operations  e.t.c . <em>In short, they are in search of funds for different purposes.</em>

<em>Financial instruments</em> : These are contracts that confer rights on their holders (investors/lenders) to claim the income generate by the assets owned by the borrowers.

4 0
3 years ago
If we accept "consumer satisfaction" as the objective of our macro-marketing system, this means that: consumer educators should
Ad libitum [116K]
If we accept "consumer satisfaction" as the objective of our MACRO-marketing system, this means that <span>each consumer should decide how best to satisfy his or her own wants. In marketing, there are 4 Ps which are product, price, plan and promotion. Regarding MACRO-marketing, this is the study on how marketing (the 4 Ps) impacts our economy and society. Since each consumer can decide what is best for them, experts then see what each consumer desires and tries to make items appeal to them. </span>
5 0
3 years ago
a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreci
alexgriva [62]

The completed question is

Statement of cash flows Forten Company, a merchandiser, recently completed its calendar-year 2019 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's balance sheets follow. 2019 2018 Assets Cash $ 49,800 $ 73,500 Accounts receivable 65,810 50,625 Inventory 275,656 251,800 Prepaid expenses 1.250 1.875 Total current assets 392,516 377.800 Equipment 157,500 108,000 Accum. depreciation Equipment (36.625) (46,000 Total assets $513.391 $439,800 Liabilities and Equity Accounts payable S53,141 $114.675 Short-term notes payable 10.000 6.000 Total current liabilities 63,141 120,675 Long-term notes payable 65.000 48.750 Total liabilities 128,141 169,425 Equity Common stock, $5 par value 162.750 150,250 Paid-in capital in excess of par, common stock 0 Retained earnings 185.000 120.125 Total liabilities and equity $513.391 $439.800 Additional Information on Year 2019 Transactions a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance. d. Borrowed $4,000 cash by signing a short-term note payable. e. Paid $50,125 cash to reduce the long-term notes payable. f. Issued 2,500 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $50,100. h. Depreciation expense was $ 20,750. i. Net income was $114,975. Required Prepare a complete statement of cash flows; report its operating activities using the indirect method. Disclose any noncash investing and financing activities in a note.

Explanation:

Statement of cash flow

Cash flows from operating activities

net income 114,975

Adjustments to reconcile net income to net

cash provided by operations:

Depreciation expense 20,750

loss on sale of Equipment 5,125

increase in account receivable -15185

increase in inventory -23856

Decrease in prepaid expense 625

Decrease in accounts payable -61534

net cash provided by operating activities 40,900

Cash from investing activities

cash from sale of Equipment 11,625

cash for purchase of Equipment -30000

Cash used fro investing activities -18,375

Cash from financing activities

Cash from short term notes payable 4,000

Cash paid for long term notes payable -50,125

Cash from stock issue 50000

paid cash dividend -50,100

Cash used for financing activity -46,225

Net decrease in cash -23,700

Cash at the beginning og the year 73500

Cash at year end 49,800

non cash financing and investing activity

purchase of equipment financed by long term notes payable 66375

4 0
3 years ago
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): othe
balu736 [363]

Answer:

                                        NIKE, INC.

               Partial Balance Sheet as of May 31, 2022

                                                                            (in millions)

<u>Property, Plant and Equipment</u>

Land                                                                          $220.0

Buildings                                                  $980.0

Machinery and Equipment                     $2160.0

Other Plant Assets                                  $935.0

Less: Accumulated Depreciation          $2200.0   <u>$1875.0</u>

Total Property, Plant and Equipment                    <u>$2095.0</u>

<u>Intangible Assets</u>:

Goodwill                                                                    $210.0

Patents and Trademarks                         $510.0

Less: Accumulated Amortization            $50.0       <u>$460.0</u>

Total Intangible Assets                                            <u>$670.0</u>

3 0
3 years ago
Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Com
omeli [17]

Answer:

Explanation:

The preparation of the  stockholders' equity section of the balance sheet is shown below:

Common stock, $10 par value,

103,000 shares authorized and 20,000

shares of common stock issued                    $200,000  (20,000 × $10)

Paid in capital in excess of par value $120,000      {20,000 shares × ($16 - $10)}

Preferred stock, 3000 shares issued at par       $24,000      (3,000 shares × $8)

Paid in capital in excess of par value $36,000     {3,000 shares × ($20 - $8)}

Retained earnings                               $60,000

Total                                                     $440,000                  

7 0
3 years ago
Other questions:
  • Tustin Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 68 Manuf
    7·1 answer
  • Carol was preparing for the next employee appraisal at her company. She already had her work accomplishments documented and read
    6·2 answers
  • Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2018 include: b
    5·1 answer
  • Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently
    10·1 answer
  • Assume $1,000 is deposited in a checkable account by Mr. Y in Bank A. Assume further that the reserve requirement is 0.10. The i
    9·1 answer
  • Ziad Company had a beginning inventory on January 1 of 270 units of Product 4-18-15 at a cost of $19 per unit. During the year,
    12·1 answer
  • Ben Bradley started Bradley Company on January 1, Year 1. The company experienced the following events during its first year of
    10·1 answer
  • A zoo has a circular pool for its seals. The diameter of the pool is 32 feet. How much fence is needed to enclose the pool?
    6·1 answer
  • Over the course of 40 years, Sal grew his company to six package shipping stores. With his retirement approaching and the increa
    6·2 answers
  • Goodwin Ross Mid Cap Growth is a fund that lets its investors buy ownership in a market basket that contains different securitie
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!