The Canadian banking system is a conservative system that consists of five main categories. They are:
Chartered banks
Trust and loan companies
Cooperative credit movement
Life insurance companies
Securities dealers
For anyone considering a career in banking in Canada, this list of top banks in Canada is a helpful guide on where to start. To learn more, see our lists of financial institutions.
Answer: I)Accrued ReVenue /Service Revenue.
2.-Prepaid Expenses/ Insurance Expenses
3.No Entry
4.Prepaid expenses /depreciation expense
5.Accrued Interest payable/Interest Expenses
6.Accrued expenses/ Interest expenses.
7.Unearned expenses/ Service Revenue
Explanation:The type of adjusting entry/ the related account in the adjusting entry is given below
a)For Accounts Receivable---Accrued ReVenue /Service Revenue.
(b) For Prepaid Insurance---Prepaid Expenses/ Insurance Expenses
(c) Equipment ---- Equipment Exoenses. Equipment is a long-term asset that will not last so the cost of equipment is recorded in the account Equipment. No entry is needed in this account.
(d) For Accumulated Depreciation Equipment-----Prepaid expenses /depreciation expense
e) Notes Payable : Accrued Interest payable/ Interest Expenses
(f) Interest Payable--- Accrued expenses/ Interest expenses
(g) Unearned Service Revenue--Unearned expenses/ Service Revenue
Answer: Continue operating like State-owned enterprises
Explanation:
Newly privatized would imply that they were once government owned which means that they were probably monopolies. These new companies are protected from foreign competition which means that their goods will be the dominant ones in the economy.
They will therefore keep operating as though they are state-owned companies because their goods will be dominant making them monopolies which is what government owned companies usually are.
Answer:
Option B is correct ( $3,250)
Product Warranty Expense= $3,250
Explanation:
Option B is correct ( $3,250)
In order to find Blast debit Product Warranty Expense we will proceed as follow:
Formula we are going to use is:
Product Warranty Expense= Cost of repair defects under the warranty *Total sales
Total Sales= Price of 1 portable CD players * Total portable CD players Sold
Total Sales=$50 * 650
Total Sales=$32,500
Product Warranty Expense= 10% * $32,500
Product Warranty Expense= $3,250
Answer:
The P/E ratio is 12.8.
Explanation:
The price earnings ratio or P/E ratio is a ratio that estimates the amount of money that investors are willing to invest in a company for every $1 of that company's earnings. The Price-earnings ratio is calculated by dividing the price per share by the earnings per share and is also used in the valuation of a company and its stock.
The P/E ratio is = Price per share / Earnings per share
P/E ratio = 126.72 / 9.9 = 12.8 times