A corporation that does business in many countries and has facilities in many countries is a(n) ________________________

After hearing an announcement made by a major soft-drink company, the APCS Soft Drink Company has decided to hire you to write a

Colt1911 [192]

Answer:

Yes

Explanation:

Yes, this concept is an example of supply and demand. When there is a limited supply of a product like the soft drinks in the vending machines then the price would match the number of people that want to buy the product. If in a very hot day more people want to buy a soft drink to cool down then the supply will begin to decrease as more people buy, this will create an increase in price as people would be ok with paying more money in order to be one of the lucky few to get one of the few soft drinks that are left.

6 0

3 years ago

As a long-term investment, Fair Company purchased 20% of Midlin Company's 300,000 shares for $360,000 at the beginning of the re

k0ka [10]

The appropriate journal entry to record the transactions from the purchase through the end of the year, including any adjustment for the investment are:

1. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. No journal entry required

3. Debit Cash $15,000

($300,000×$0.25×20%)

Credit Investment revenue $15,000

(To record dividend received)

4. Debit Fair value adjustment $15,000

Credit Net unrealized holding gains and losses- OCI $15,000

($375,000-$360,000)

(To record fair value adjustment)

2. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. Debit Investment in Midlin common shares $27,000

Credit Investment revenue $27,000

($135,000×20%)

(To record investment revenue)

3. Debit Cash $15,000

($300,000×$0.25×20%)

Credit Investment revenue $15,000

(To record dividend received)

4. No journal entry required

Learn more here:brainly.com/question/15422359

5 0

2 years ago

Under the Federal Arbitration Act (FAA), if an employee signs a mandatory arbitration agreement in which he agrees to waive his

Alex_Xolod [135]

Answer:

False

Explanation:

Under the Federal Arbitration Act (FAA) tells that the Fifth Circuit agreed with the National Labor Relations Board that the employer’s arbitration agreement violated the National Labor Relations Act. because it is not state clear that employees were not prohibited from filing unfair labor practices charges with the NLRB and here given employee is agrees to waive his right to bring a future sexual harassment in the court

5 0

4 years ago

Suppose the demand and Total Cost for a monopolist’s product is given by P = 100 – 7Q; TC = 20 + 20Q + 2Q2 a. Find the monopolis

Rama09 [41]

Answer:

When you talking about this

Explanation:

Sussss but among sus hehhehehehehe loool

7 0

3 years ago

Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that T

Karo-lina-s [1.5K]

Answer:

Torres Company received $4,800 on May 12.

Explanation:

When The Sale was made, the following entries apply :

J1

Trade Receivable $5,000 (debit)

Sales Revenue $5,000 (credit)

J2

Cost of Sales $3,000 (debit)

Merchandise $3,000 (credit)

J3

Freight Expenses $110 (debit)

Cash $110 (credit)

When Campbell Company returned Merchandise :

J1

Sales Revenue $200 (debit)

Trade Receivable $200 (credit)

When Campbell Company pays for the goods

The payment is made 2 days out of the discount period, therefore not eligible for discount.

Settle amount in full less Return Allowance of $200

Trade Receivable $4,800 (debit)

Cash $4,800 (credit)

Conclusion :

Torres Company received $4,800 on May 12.

6 0

4 years ago

A corporation that does business in many countries and has facilities in many countries is a(n) _________________________.