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3 years ago

Economic conditions are a ______ predictor of U.S. presidential election outcomes. a. fair b. poor c. volatile d. good

Business

1 answer:

Lisa [10]3 years ago

6 0

Answer: d. good

Explanation:

Economic conditions in the U.S. directly affect the citizenry and so they will act to vote for a person who will either bring about better conditions if conditions are currently bad, or the incumbent if conditions are good.

If economic conditions are not so great, the person who will be voted for is probably the person who promised more to the people in the way of combating the poor economic performance.

So yes, economic conditions are a good predictor of U.S. presidential election outcomes.

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Is budget towards a new computer a fixed or variable expense?

Damm [24]

A budget isn’t an expense, nor is a new computer rather an asset

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4 years ago

Sherman paid a cash dividend of $3.25 per share. At year-end, Sherman stock was selling for $37.50 per share.Prepare Blue's jour

Ulleksa [173]

<u>Complete question:</u>

Fairbanks Corporation purchased 400 shares of Sherman Inc. common stock as an investment in trading securities for $13,200. During the year, Sherman paid a cash dividend of $3.25 per share. At year-end, Sherman stock was selling for $34.50 per share. Prepare Fairbanks's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment

<u>Solution:</u>

Given,

Total shares = 400

Trading securities = $13,200

Cash dividend = $3.25 per share

Sales price of stock = $34.50 per share

Note: The image attached shows the journal entries of all the transactions.

Dividend revenue is $400\times \$3.25=\$1300$

Fair value adjustment is $[(400\times \$34.50)-\$13,200]$

The above values are entered in the journal transaction.

6 0

3 years ago

The classification of crime is based on

KATRIN_1 [288]

What they are and how they were commited

8 0

3 years ago

At December 31, 2021 and 2020, Cow Co. had 117,000 shares of common stock and 6,700 shares of 3%, $100 par value cumulative pref

laila [671]

Answer:

$5.55

Explanation:

Calculation to determine what the basic earnings per share was

Using this formula

EPS=Net income-(Value cumulative preferred stock percentage*Net income)/Shares of common stock

Let plug in the formula

EPS=$670,000-(3%*$670,000)/117,000

EPS=$670,000-$20,100/117,000

EPS=$649,900/117,000

EPS=$5.55

Therefore For 2021, basic earnings per share was: $5.55

8 0

3 years ago

The direct write-off method: multiple choice follows the expense recognition (matching) principle. Is not permitted under GAAP.

Lera25 [3.4K]

Answer: is permitted if results are similar to the allowance method

Explanation:

The direct write-off method is refered to as an accounting method whereby the uncollectible accounts receivable are being written off as bad debt. Here, the bad debts expense account will be debited while the accounts receivable will be credited.

The direct write-off method is permitted if results are similar to the allowance method. For the allowance method, it should be noted that an estimation of the bad debt future amount will be charged to the reserve account once the sale takes place.

4 0

3 years ago