What is an observational study?

A loss from the disposal of a significant component of a business should be reported separately in the income statement: after i

wlad13 [49]

<u>Answer:</u> Option 1 After income from continuing operations.

<u>Explanation:</u>

A disposal account shows the profit or loss from the sale of any asset. When the sale price is higher than the book value of the component then it is a gain. When the sale price is less than book value then it is a loss.

Loss from the sale of component will reduce the income of the business. When there is a loss it is debited in the income statement. This appears below the operations income and it is deducted from the revenue to show the actual value of the revenue.

8 0

4 years ago

The gross profit must cover these types of costs: (complete all answer boxes.)

IRINA_888 [86]

I need the boxes in order to help.

3 0

4 years ago

On January 1, Year 1, Stratton Company borrowed $230,000 on a 10-year, 8% installment note payable. The terms of the note requir

IceJOKER [234]

Answer and Explanation:

The Journal entry is shown below:-

Interest Expense Dr, $17,130

Notes Payable Dr, $17,147

To Cash $34,277

(Being annual amount paid is recorded)

Here we debited the interest expenses and notes payable as it increased the expense and reduced the liabilities and we credited the cash as it also decreased the assets

Working note

For 31 Dec Year 1

Interest expenses = ($230,000 × 8%) = 18,400

Principal paid = $34,277 - $18,400 = $15,877

Ending balance = $230,000 - $15,877 = $214,123

For 31 Dec Year 2

Interest expenses = ($214,123 × 8%) = $17,130

Principal paid = $34,277 - $17,130 = $17,147

6 0

4 years ago

Data collected from the economy of Pokerville reveals that a 16% increase in income leads to the following changes:

inessss [21]

Answer:

Horses - 0.75 - normal

Clubs- 0.875 - inferior

Diamonds - 1.75 - normal

Diamond is a luxury good

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income of the consumer.

Income elasticity of demand = percentage change in demand / percentage change in income

Income elascitiy for horses = 12% / 16% =

Income elasticity of demand for spades = 14% / 16% = 0.875

Income elasticity of demand for diamonds 28% / 16% = 1.75

A normal good is a whose demand increases when income increases and falls when income falls.

An inferior good is a good whose demand increases when income falls and whose demand falls when income increases.

Horses and diamonds are normal goods because the demand for the goods increases with income while clubs are inferior goods because the demand for the goods falls when income rises.

A luxury good is a good whose demand rises more than the rise in income. The demands for diamonds increase more than the increase in income, so diamonds are luxury goods.

I hope my answer helps you

4 0

3 years ago

A beta of 1.1 means that for a given 1 percent change in the value of the market, the _______ is expected to change by 1.1 perc

Contact [7]

Answer:

Stock value

Explanation:

Beta is an statistical coefficient that measures the volatility of an individual stock in reference to the overall market. By default, the market has a Beta of 1.0. If the price of a stocks moves less than the market, it means its not as volatile and will have a Beta below 1.0. The opposite is the case when the stock moves more than the market, having a Beta above 1.0 and representing a bigger risk for investors.

7 0

4 years ago

What is an observational​ study?

What is an observational study?