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Inga [223]
3 years ago
5

Karen Meyer owns and operates Crystal Cleaning Company. Recently, Meyer withdrew $10,000 from Crystal Cleaning, and she contribu

ted $6,000, in her name, to the American Red Cross. The contribution of the $6,000 should be recorded on the accounting records of which of the following entities? a. Crystal Cleaning and the American Red Cross b. Karen Meyer's personal records and Crystal Cleaning c. Karen Meyer's personal records and the American Red Cross d. Karen Meyer's personal records, Crystal Cleaning, and the American Red Cross
Business
1 answer:
olga nikolaevna [1]3 years ago
8 0

Answer:

c. Karen Meyer's personal records and the American Red Cross

Explanation:

Karen owns the company and withdrew $10,000. That should be recorded on the accounting records of both Karen and Crystal Cleaning Company.

She later performs a new operation. She makes a contribution of $6,000 to the American Red Cross.

Now, this contribution, this operation should be recorded on her personal records and the American Red Cross. This sum: $6,000 doesn't come from Crystal Cleaning Company as the contribution was on her name.

So, the answer is C. Karen records and the American Red Cross.

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Suppose that the populations of the United States and China both increase by 12 million people in one year. What would be the re
JulijaS [17]

Answer:

In the given year, American population grew by 4% while China's population grew by 1.2%.

Explanation:

The present problem establishes that in one year the populations of China and the United States both increased by 12 million people. But both countries have different populations: China has a population of 1 billion inhabitants, while the United States has 300 million.

To determine the percentage of population increase in each country, we must perform cross multiplications:

-U.S:

300 = 100

12 = X

(12 x 100) / 300 = X

1,200 / 300 = X

4 = X

The United States grew by population 4% in the year.

-China:

1,000 = 100

12 = X

(12 x 100) / 1,000 = X

1,200 / 1,000 = X

1.2 = X

China grew by population 1.2% in the same period of time.

8 0
3 years ago
Read 2 more answers
In an exchange, archie gave up his fully depreciated business-use dump truck (fmv $15,000) and $5,000 for a newer business-use d
TiliK225 [7]

Answer:

The realized gain is 0

Explanation:

The fair market value of the truck that archie gives up is $15,000 and the new truck he gets has a fair market value of $20,000. Archie also gives $5,000 in cash plus his old truck in order to buy the new truck.

Gain= Fair market value of new truck -Fair market value of old truck - Cash paid

Gain = 20,000-15,000-5,000

Gain = 0

5 0
3 years ago
Employees at a pharmaceutical company make large profits by buying shares of the firm when the trials of a drug begin but before
lesantik [10]

Answer:

The correct answer is letter "C": Strong form.

Explanation:

The Efficient Market Hypothesis (EMH) is the theory that beating the market is impossible because current stock prices reflect all the information investors need to trade the markets. Technical and fundamental analysis remain useless in trying to predict future price action.

The EMH could be classified as the <em>Weak, Strong, </em>and <em>Semi-Strong EMH</em>. The strong form of the EMH establishes that insider information and public information are already in the current stock price, then, there is no special data that could provide an advantage to an investor to take advantage of the market.

In such a case,<em> the strong form of the EMH is opposed to the idea given in the example since it is proposing insider information gives employees an advantage to make large profits before the information of trial drugs is spread among the public.</em>

4 0
3 years ago
What is a joint venture? Multiple Choice an effort in which one firm grants access to its patents and trademarks for a fee an ar
natali 33 [55]

Answer:

A cooperative effort among two or more organizations that share a common interest in a business enterprise or undertaking.

Explanation:

A joint venture is defined as a business agreement where two or more parties pool their resources together to achieve a common goal. Usually profits and losses are shared equally among the parties unless there is an agreement to share otherwise.

The joint venture is an independent entity that is seperate from its owners. That means any liability of the joint venture is not binding on the parties involved.

5 0
3 years ago
Read 2 more answers
Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the
BartSMP [9]

Answer: Intuitive decision making model.

Explanation:

The intuitive decision making model is used to describe a situation where an individual makes decisions based on instincts when faced with a challenge rather than making use of analytics. For an individual to make use of the intuitive decision making model, he should have had previous experience with the current area of challenge.

8 0
3 years ago
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