Answer:
A. Values
Explanation:
Although, the above explanations entails or encompasses what values are, manners and customs of people in a country; however, values is what summarizes the whole passage.
Values are what a given society holds in high esteem. They are basic and fundamental beliefs that controls actions in a given society. Values may be right or wrong according to the philosophies of those who believes in such, it is however very important because it helps a society determines what is important I.e something that is good, worthwhile and very much desirable.
Answer:
Explanation:
The adjusting entry is shown below:
Office supplies expense A/c Dr $257
To Office supplies $257
(Being adjusted entry recorded in respect of office supplies)
Since in the question it is given that, the debit balance of office supply is $363 and the physical count show $107 unused supplies which mean it is of no use. So, the actual amount of office supplies would be calculated by applying an equation which is shown below:
= Office supplies debit balance - unused office supplies
= $363 - $107
= $257
Moreover, the office supply is shown in the balance sheet under the assets account. And, to find out the correct value of the office supply we debit the expense account and credit the asset account.
Answer: Opportunity cost
Explanation:
The economic principle best embodied by this story is the opportunity cost. Opportunity cost is the cost of what one forgoes when one takes an alternative decision.
In this case, the opportunity cost of him visiting his aunt will be the lost opportunity which he could have used to watch his brother play.
Answer:
1) UNDERWRITE involves the act of taking on any risk that might be related with the issue of a new security.
2. BEST EFFORTS is the responsibility of sharing a security without transferring the risk associated with the new issue from the company to the investors.
3. UNDERWRITING SYNDICATE involves a group of investors formed to share the risk of a security offering.
4.UNDER PRICING is the process of setting the price of a new security slightly below the market value to ensure a receptive sale.
5. AFTERMARKET is a secondary market where securities are traded after its initial offering to the public.
6.AGENT is one who sells or places an asset for another party.
7. SHELF REGISTRATION permits large companies to file one comprehensive statement with the Securities and Exchange Commission (SEC) outlining their financial plans for the next two years.
8. LEVERAGE BUYOUT occurs when either management or another investment group borrows the needed cash to rebuy all traded shares from the shareholders.
9. RESTRUCTURING involves the divisions and products are sold and assets redeployed into better yielding areas.
10. PRIVATIZATION is a situation Investors that take a company public, the investment bankers sell companies previously owned by governments.
Answer:
Find the multiple choices below:
A) 133,900
B) 82,400
C) 123,803
D) 79,323
The correct option is D,79,323
Explanation:
The liability to be reported can be ascertained by using the pv formula in excel.
The pv implies present value of future cash flows of $11,300 every three months.
The applicable formula is :=-pv(rate,nper,pmt,fv)
the rate is quarterly rate of 12%/4=3%
nper is the number of times the $11,300 would be paid 2*4=8 times
pmt is the quarterly payment of $11,300
fv is the future value which is unknown and taken as zero
=-pv(3%,8,-11,300,0)
pv=$79,322.52
This is the liability that would be shown on the balance sheet after the initial payment of $56,500
