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2 years ago

Which of the following statements is CORRECT?

Business

1 answer:

zheka24 [161]2 years ago

4 0

Answer:

The answer is: D) As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

Explanation:

Money market transactions involve the trading of financial instruments with high liquidity and short-term maturities (usually less than one year). The financial instruments traded include; treasury bills (T Bills), commercial papers issued by companies and certificates of deposit (CDs).

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Indiana Co. began a construction project in 2021 with a contract price of $150 million to be received when the project is comple

Over [174]

Answer:

Recognize $ 1.50 millions gross profit in 2022

Explanation:

Year end 2021 Year end 2022

A Contract Price $150.00 $150.00

B Cost Incurred to Date $36.00 $94.50

($36 + $58.50)

C Estimated cost yet to be

incurred to complete

the contract $84.00 $0.50

Total Cost $120.00 $135.00

D = B+C

Percentage of Completion 30.00% 70.00%

E = (B ÷ D) × 100

Revenue to date $45.00 $105.00

F = A × E

G Revenue of Previous year $- $45.00

Net Revenue this year $45.00 $60.00

H = F - G

Cost to date $36.00 $94.50

I (=B)

J Cost to date of previous year $- $36.00

Net Cost for the year $36.00 $58.50

K = I - J

Gross Profits $9.00 $1.50

L = H - K

Therefore the correct answer is Recognize $ 1.50 millions gross profit in 2022 hence, option is not available.

3 0

2 years ago

Rodriguez Corporation issues 18,000 shares of its common stock for $174,800 cash on February 20. Prepare journal entries to reco

AleksAgata [21]

Answer:

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $144,000

Paid-In Cap. in excess of par $30,800

<u>Working</u>

Common stock = 18,000 * 8

= $144,000

Paid-in cap. = 174,800 - 144,000

= $30,800

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $174,800

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $72,000

Paid-In Cap. in excess of par $102,000

<u>Working</u>

Common stock = 4 * 18,000 = $72,000

Paid in cap = 174,000 - 72,000 = $102,000

4 0

2 years ago

Brainden Inc. is a multinational company that primarily provides ideas for business improvements, marketing, and promotions. The

nirvana33 [79]

Answer:

C. Job Satisfaction

Explanation:

Job satisfaction has to do with a measure of how content an employee is with his job. It has to do with the degree of contentment that an employee derives from a job. It satisfies the question of whether or not an employee likes the job he's doing. Company's and organizations thrive to provide high level of job satisfaction for their employees. This is because with high level of job satisfaction comes increase in the productivity level. Various factors affect job satisfaction including nature of job, pay and so on. In this case, Brainden tries to increase job satisfaction by providing cross training for their employees.

3 0

3 years ago

Read 2 more answers

Xena is a manager at Ex fox Co. She finds two of her subordinates arguing about which format to follow for their power-point pre

Andrew [12]

Answer:

C. The Withdraw Style

Explanation:

The Withdraw or Avoid style is a style that completely evades a conflict. This style is mostly used or appropriate in the following conditions:

when the conflict is judged to be trivial, as in the question, Xena sees the issue as a trivial
it doesn't require much time to think,
the person invloved does not see the chance of winning the arguments in the conflict or
there is a fear of being met with resentment.

In the withdraw style, the conflict can be postponed indefinely or completely avoided anytime it comes up, In this style, the person involved oes not also see the need to pursue or enforce any beliefs but just allows the issue to go as it is.

Other styles include: Accomodating, Collaborating and Competing.

7 0

3 years ago

On October 15, a company received $15,000 cash as a down payment on a consulting contract. The amount was credited to Unearned C

VLD [36.1K]

Answer:

True

Explanation:

The company received $15000 and credited it to the unearned consulting Revenue accounts because it had not performed any services yet.

According to the accrual principle, the company can only report the amount earned in a period. If the company achieves the required 10% of consulting services by 31st march, it will record 10 percent of $15,000 as its income.

10 percent of $15000= 10/100 x $15000

=$1500

3 0

3 years ago