Answer:
Capital gain =$11,000
Explanation:
<em>Capital gain / Loss is the difference between the value of a stock when it was sold less the cost of the shares when it was purchased.</em>
<em>Where the cost of the shares is more the sales value it becomes a capital loss and a gain is made if the opposite occurs.</em>
The capital gain made on the stock of Iminus Tech is
= ($150 × 100) - ($40 × 100)
=$11,000
Capital gain= $11,000
Answer:
a. encouraged by credit guaranties to lend such funds
Explanation:
Under federal law, Commerce and other U.S. financial institutions such as bank are motivated by credit guaranties to lend funds to business firms such as Northwest Resources, Inc., and Midwest Commodities Corporation in other to ensure businesses do not collapse due to lack of funds and this in turn ensure money circulation and job creation and sustainability.
Answer:
job 429 -WIP 3040 debit
job 430 -WIP 4020 debit
job 431 -WIP 4740 debit
factory overhead 900 debit
raw materials 12,700 credit
--to record materials requisions--
job 429 -WIP 2,300 debit
job 430 -WIP 3,400 debit
job 431 -WIP 7,900 debit
factory overhead 1,310 debit
wages payables 14,910 credit
--to record wages tickets--
job 429 -WIP 1,426 debit
job 430 -WIP 2,046 debit
job 431 -WIP 4,898 debit
factory overhead 8,370 credit
--to record applied overhead--
Explanation:
job 429 -WIP: 2300 x 62% = 1,426
job 430 -WIP: 3400 x 62% = 2,046
job 431 -WIP: 7900 x 62% = 4,898
total overhead: 8,370
Answer: A physical object we find, grow, or make to meet our needs and those of others.
Explanation: A commodity is an object that possesses a certain form of value, it can be used to meet an immediate need of a person.
It can be grown or produced to meet the specified needed requirements of the particular need it solves.
I had to look for the options and here is my answer:
Based on the one presented above, we can say that the equivalent equation can be written like this: <span>BI + P = COGS + EI. BI refers to the beginning inventory and P is the purchases. The COGS is the cost of goods sold. EI is the ending inventory. Hope this helps.</span>