Working from home only works in a few kinds of businesses true false

Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price in

swat32

Answer and Explanation:

The journal entries are shown below:

Account Receivable $409,500

To Sales Revenue $367,000

To Unearned Service Revenue $42,500

(Being account receivable is recorded)

Cost of Goods Sold $310,000

To Merchandised Inventory $310,000

(Being cost of goods sold is recorded)

These two journal entries are to be recorded

7 0

2 years ago

Blue Spruce Corp. took a physical inventory on December 31 and determined that goods costing $229,500 were on hand. Not included

Irina18 [472]

Answer:

Blue Spruce report as its December 31 inventory is $285,000

Explanation:

Correct inventory

= 229,500 + goods purchased FOB shipping point 30,000 + goods sold FOB destination 25,500

= 229,500 + 30,000 + 25,500

= 285,000

3 0

2 years ago

Which of the following about cash equivalents is false? A B C D

Sonbull [250]

Can u take a screenshot of the whole question for me

6 0

2 years ago

At the onset of the recent economic slowdown, prices at the grocery stores continued to rise. in some cases, products such as mi

zhuklara [117]

The economy was slowing, but prices were rising, signifying the potential for stagflation.
Stagflation is term used in economics to denote economic situation characterized with high unemployment, rising prices, economic growth. This situation occurs when the overall price level rises rapidly. In our case, "the price of eggs was up 40% and milk was up 26%., which means that the prices raised rapidly.

5 0

2 years ago

You own a portfolio that has $2,650 invested in Stock A and $4,450 invested in Stock B. If the expected returns on these stocks

barxatty [35]

Answer:

9.88%

Explanation:

Calculation for the expected return on the portfolio

First step is to find Total portfolio vale using this formula

Total portfolio vale=(Stock A portfolio + Stock B portfolio)

Let plug in the formula

Total portfolio vale= (2,650+4,450)

Total portfolio vale= 7,100

Second step is to calculate for the Expected portfolio return of Stock A by dividing Stock A portfolio by the Total portfolio vale then multiply it by the expected returns percentage

Expected portfolio return Stock A = 2,650 / 7,100

Expected portfolio return Stock A = 0.3732 *0.08

Expected portfolio return Stock A =0.02986

The third step is to calculate for the Expected portfolio return of Stock B by dividing Stock B portfolio by the Total portfolio vale then multiply it by the expected returns percentage

Expected portfolio return Stock B=$4,450/$7,100

Expected portfolio return Stock B=0.6268 *0.11 Expected portfolio return Stock B= 0.06895

The last step is add up the expected return on the portfolio for both Stock A and Stock B

Using this formula

Expected return on the portfolio=(Stock A Expected return on the portfolio + Stock B Expected return on the portfolio)

Let plug in the formula

Expected return on the portfolio=0.02986+0.06895

Expected return on the portfolio= 0.0988 *100 Expected return on the portfolio= 9.88%

Therefore the expected return on the portfolio will be 9.88%

6 0

3 years ago