Answer: The answer has been attached
Explanation:
Here is the complete question:
Prepare journal entries to record these transactions:
(a) Blossom Company retires its delivery equipment, which cost $45,890. Accumulated depreciation is also $45,890 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,400 instead of 45,890
The journal entries has been prepared and attached. It should be noted that the loss on the sale of the equipment was calculated as:
= $45,890 - $37,400
= $8,490
Check the attachment for the journal entries.
Answer:
The budgeted cost of goods sold for June would be $ 13,320,000
Explanation:
Budgeted cost per unit = $30
Sales budget = 370,000 units
Less: Beginning inventory = 86,000 units
Add: Ending inventory = 160,000 units
Therefore budgeted cost of goods sold for June = (370,000 - 86,000 + 160,000) × $30
= 444,000 × $30
= $13,320,000
Answer:
The correct answer is letter "C": Brokers buy and sell securities from their own inventory, while dealers bring buyers and sellers together to complete transactions.
Explanation:
In a dealer market, <em>participants buy and sell through dealers</em> designated as market makers. These are electronic networks were <em>market makers or brokers keep inventories from which they buy and sell stocks to customers or other dealers</em>. They provide liquidity as well as transparency by displaying the price at which they will buy a security.
By the year 2014, 160 nations had become members of the World trade organization.
<h3>What is the WTO?</h3>
This is an acronym that stand for the The World Trade Organization. The body is the one that is responsible for global trade in all of these 160 countries that are members.
Its basic function is the enforcing of the rules and the regulations that guide global trade.
Read more on the WTO here:
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