The answer is true. The FDIC is supported by the US government and was created by it the n the stock market crashed in the 1930s.
Answer: 1. Goodwill
2. a. Record no entry in the books
b. Record a loss in the books
Explanation:
1. The Special asset created by Heartland Telecom's acquisition of Surety Wireless is Goodwill.
Goodwill is the difference between what the company was worth and what it was purchased for if the purchase price was higher than the worth (market value).
2. a. Goodwill should be accounted for by recoding it in the Long term Assets under Intangible Assets in the balance sheet. It should not be amotrized. If Goodwill increases, there should be no recording this <u>gain</u> on the books.
b. If the value of the asset has decreased, Heartland should record a loss in the books to represent the loss on this account.
Abstract
This study investigates the critical dimension of factors driving restaurant choice among 277 consumers, predominantly residents of the Southeastern United States. The food provided (quality, taste) was central to respondents' decision to favor one restaurant over another, though prior positive experience, a clean production/service environment, and hospitable service are additional factors that most strongly influenced restaurant choice.
Answer:
The answer is:
Net purchases = $336,100
Cost of goods purchased = $352,900
Explanation:
Net purchases equals purchases minus purchase returns and allowances minus purchase discount.
Purchases = $355,300
Purchase returns = $10,200
Purchase discount = $9,000
Therefore, net purchase is:
$355,300 - $10,200 - $9,000
= $336,100
Cost of goods purchased equals net purchase plus freight in.
Freight in = $16,800
So cost of goods purchased is:
$336,100 + $16,800
=$352,900
Answer:
The answer is option A) In the short-run the effects of the housing and financial crises raise both inflation and the unemployment rate.
Explanation:
Deregulation in the financial industry was the primary cause of the 2008 financial crash and an increase in world prices of oil and foodstuffs were affecting the economy.
The financial crisis permitted banks to engage in hedge fund trading with derivatives and when the values of the derivatives crumbled, banks stopped lending to each other.
It allowed speculation on derivatives backed by cheap and improper issuance of mortgages, available to even those with questionable creditworthiness.
In the short-run the effects of the housing and financial crises of 2008 raised both inflation and the unemployment rate.
