Answer:
systematic risk; non diversifiable risk
Explanation:
Market risk can also be called systematic risk and non-diversified risk, since systematic risk can be understood as the risk inherent in the entire market, that is, it is the risk that encompasses the general market, regardless of the sector in which it operates. a company, such as political and economic crises, which are factors that can affect companies in different sectors.
Answer:
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Explanation:
Answer:
<u>a debit to Office Equipment and a credit to Utilities expense</u>
Explanation:
The correct journal entry should've been:
Office Equipment A/C Dr.
To Cash A/C
(Being purchase of telephone equipment recorded)
The wrong entry passed being,
Utilities Expenses A/C Dr.
To Cash A/C
Thus, the rectification/correcting entry should be:
Office Equipment A/C Dr.
To Utilities Expense A/C
(Being correcting entry recorded)
Telephone equipment is used for official purpose and thus an office expenditure. Expenses incurred are debited.
Similarly, Utilities Expenses was wrongly debited so crediting it cancels out the wrong effect.
Answer:
Common market.
Explanation:
In order to spur trade, Cormoran, Brithea, and Asmakush decided on economic integration where there were no barriers to trade between the three countries, they agreed on a common external trade policy, and allowed factors of production to move freely between the three countries. In short, the three countries formed a common market.
A common market can be defined as a formal agreement between a group of countries in which they adopt a common external tariff on products imported from countries outside the union. It is simply a type of market involving the formal organization of countries who have collectively agree to trade freely with one another with eliminated internal tariffs but imposes a common external tariff on trade with other countries.
Common market was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.
The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely.
Answer:
61,198.47
Explanation:
First we solve for the present value of the note receivables at January 1st, 2021 As we are asked for the interest revenue on the 2021 incoem statment
Maturity $750,000.00
time 2.00
rate 0.10000
PV 619,834.7107
now, we calcualte the interest considering the 10% implicit interest
619,834.7107 x 0.10 = 61,198.47
This will be the interest revenu for the year 2021