Answer:
Dr Sales Discount $63
Cr Allowance for Sales Discount $63
Explanation:
Preparation of the June 30 fiscal-year-end adjusting journal entry for future sales discounts.
Based on the information given the June 30 fiscal-year-end adjusting journal entry for future sales discounts will be:
30-June
Dr Sales Discount $63
Cr Allowance for Sales Discount $63
(3%*$2,100)
(To record future sales discounts)
Answer:
1a. Backed by the U.S. government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.
Identification: U.S. Treasury Bills (T-bills)
b. Issued by money-centered financial firms, these short- or medium-term insured debt instruments pay higher interest than a regular savings account. They are low-risk instruments and have low returns.
Identification: Certificate of deposit
c. These financial instruments are investment pools that buy such short-term debt instruments as Treasury bills (T-bills), certificates of deposit (CDs), and commercial paper. They can be easily liquidated.
Identification: Money Market Mutual Fund
d. These financial instruments are contractual agreements that give one party a long-term agreement to use an asset by providing regular payments.
Identification: Lease Agreement
2. The instruments which are traded in capital markets are Common Stock, Preferred Stock, Corporate Bonds and Certificates of deposits excluding Long-term bank loans.
3. The process in which derivatives are used to reduce risk exposure is called <u>hedging</u>.
Answer:
$1.86 million
Explanation:
Given the above data, we can calculate the retained earning for next year to be;
Retained earning this year end = $1.5 million retained earning at the beginning + $0.5 million net income - $0.2 million dividends
= $1.8 million
To gather, re-organize, and store different categories of all raw data for easy and faster retrieval to capture, curate, and consume the right data sets
<h3>What is
data?</h3>
In the pursuit of knowledge, data is a collection of discrete pieces of information in a conceptual model that convey quantity, quality, fact, statistics, or other basic units of meaning in their most basic forms. A datum is a single item in a collection of data.
There are two forms of data: qualitative and quantitative data, which are further divided into four categories: nominal, ordinal, discrete, and continuous data.
A data dashboard is a tool used by businesses to track, analyze, and display data, typically to acquire a better understanding of the general health of the organization, a department, or even a specific procedure.
To know more about data follow the link:
brainly.com/question/26711803
#SPJ4
