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marshall27 [118]
3 years ago
8

Amazon Services, Inc. invests its excess cash in Nile Technologies, Inc. and acquires 6,000 shares for $62.00 per share. Amazon

Services, Inc. owns less than 2% of Nile's voting stock and plans to hold the stock for two years. While preparing the journal entry to record this transaction:_______.
A. Common Stock is debited for $372,000
B. An equity account is debited for $372,000
C. Equity Investments is debited for $372,000
D. Long-term Investments is credited for $372,000
Business
1 answer:
sergey [27]3 years ago
3 0

Answer:

Option B. Equity Investments is debited for $372,000

Explanation:

The initial journal entry to record the equity Investment will be treated same as purchase of an asset, which means the equity Investment account will be debited with the amount paid and the cash account will be credited with an equal balance.

Dr Equity Investments (6,000 * $62 per share) $372,000

Cr Cash Account                                                          $372,000

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Answer:

  1. The forming stage involves a period of orientation and getting acquainted. Uncertainty is high during this stage, and people are looking for leadership and authority. A member who asserts authority or is knowledgeable may be looked to take control.
  2. It can be a petty clash of personality or an incompatibility in communication styles. Or it could be something more serious, such as a disagreement about the team's goals. It could even exhibit itself as one team member accusing another of not pulling their weight in the project.
  3. Tuckman (1965) identified four stages of team development including Forming, Storming, Norming, and Performing. This widely referenced early work continues to provide a useful model for understanding the dynamic nature of the evolution of teams.
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  5. Stage 2: Storming. Feelings. ...
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4 0
3 years ago
XZYY, Inc. currently has an issue of bonds outstanding that will mature in 31 years. The bonds have a face value of $1,000 and a
Mamont248 [21]

Answer:

7.31%

Explanation:

The question is pointing at the bond's yield to maturity.

The yield to maturity can be computed using the rate formula in excel as provided below:

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond would pay annual coupons which is 31

pmt is the annual coupon payment i.e $1000*8.0%=$80.00

pv is the current price of the bond which is $1,084

fv is the face value of the bond which is $1,000

=rate(31,80,-1084,1000)=7.31%

The yield to maturity is 7.31%

That is the annual rate of return for an investor that holds the bond till maturity.

3 0
3 years ago
A resource-based strategy Multiple choice question. focuses on efficient execution of both primary and supporting components of
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Answer:

can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals

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A resource-based strategy is a form of the technique used by business managers to efficiently utilized the existing and valuable resources of the firm. These resources would be difficult to come by for the competitors such that it is hard for competitors to replicate. Thereby leading a sustainable or long term competitive advantage to the firm

Hence, in this case, the correct answer is A resource-based strategy "can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals."

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Explanation:

Small companies may face challenges that hinder the ideal flow of business, such as the lack of staff training, communication failures, high tax burden, difficulty in accessing credit, etc., which contributes to the rapid bankruptcy of these companies, that cannot survive in the long term in the market and compete with the big companies.

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