1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blondinia [14]
3 years ago
8

Choose the statement that is incorrect.

Business
1 answer:
Andre45 [30]3 years ago
7 0

Answer and Explanation:

A. During July and August​ 2014, it is most likely that the expectation was that the euro and the pound would neither appreciate nor depreciate against each other.  

You might be interested in
Carillo Industries collected $108,000 from customers in 2017. Of the amount collected, $25,000 was for services performed in 201
Elis [28]

Answer and Explanation:

The computation is shown below;

But before reaching to the final answers, first do the following calculations

Cash collected $108000

Add Services performed in 2017(not collected) $36000

less Services performed in 2016(collected in 2017) $25000

Revenue for 2017 $119,000

Cash paid in 2017 $72,000

Add Expense incurred not yet paid for 2017 $42000

Less Expense paid for 2016 -$30000

Expense for 2016 $84000

Now

a. Cash basis  

Revenue $108000

Less Expenses -$72,000

Net income $36000

b. Accrual basis  

Revenue for 2017 $119,000

Less Expenses for 2017 $84,000

Net income $35,000

8 0
3 years ago
In 2018, preferred shareholders elected to convert 4.58 million shares of preferred stock ($39 million book value) into common s
In-s [12.5K]

Answer:

The answer is given below;

Explanation:

Preferred Stock   Dr.$39,000,000

Common Stock    Cr.$33,000,000

Paid in capital in excess of par-Common stock  (39,000,000-33,000,000)        Cr.$6,000,000  

As the book value of preferred stock is greater than the price paid at the time of conversion into common stock,therefore excess amount is paid in capital in excess of par for common stocks.As the preferred stock is reduced by their book value,therefore it is debited and common stock is credited with its cost.  

5 0
3 years ago
Eve's apples opened its business on january 1, 2018, and paid for two insurance policies effective that date. The liability poli
Effectus [21]

Answer:

Balance in Prepaid insurance as of December 31 is $18,750

Explanation:

<em>       </em>Computation of Prepaid Insurance

Insurance 1    ($34,200 * 6/18)       $11,400

Insurance 2   ($14,700 * 12/24)      <u>$7,350 </u>

Total Prepaid Insurance               <u>$18,750</u>

8 0
3 years ago
A lot of points
Pie

Answer:

The answer is C

Explanation:

6 0
2 years ago
1.What is MONEY?<br>2.did MONEY help you?<br>pls ans im back​
REY [17]
1. Money is a very valuable thing that helps you live. You can get money by getting a job, but there are lots of other ways to get money.

2. money helps with you being able to afford things. Money can get you a house, a tv, or even a phone.
5 0
3 years ago
Other questions:
  • You are the manager of a firm producing green chalk. The marginal product of labor is:
    15·1 answer
  • A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 58,000 Current liabil
    5·1 answer
  • Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at prod
    8·1 answer
  • Mickey is very picky and insists that his mom makes his breakfast with equal parts of cereal and apple juice.
    10·1 answer
  • Suppose the Fed purchases $100 million of U.S. securities from security dealers. If the reserve requirement is 20 percent, the c
    9·1 answer
  • When you choose a medium, you are deciding how you will decode the message for transmission. select one:
    12·1 answer
  • Organic Laboratories allocates research and development costs to its three research facilities based on each facility's total an
    12·1 answer
  • Two important goals for any speech are:
    12·1 answer
  • When a customer is venting their anger, they will be easier to deal with if you _____.
    12·1 answer
  • Dividing tasks among the most well-trained employees is called *
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!