Answer:
D. Capital market instruments include both long-term debt and common stocks.
Explanation:
Capital market is financial market where long term instruments are traded. These instruments include bond, common stocks and debenture. With this background, statement in option D is correct.
Option A is not correct because reverse is the case: investment banks raise large blocks of capital from investors while commercial banks specialize in lending money.
Option B and E are not correct, too. Transaction under them are examples of a secondary market transaction.
Option C is wrong, as well. NYSE has a physical location where trading activities happen.
So option D is the only correct statement because capital market instruments are long-term debt and common stocks.
Answer:
The third step in the HRP process is forecasting the employment demand. HR creates a gap analysis that lays out specific needs to narrow the supply of the company's labor versus future demand.
Answer:
Bad debt expense for 2021 as a percent of net credit sales is $79,900
Explanation:
The computation of the bad debt expense is shown below:
= Net credit sales × estimated bad debt percentage
= $4,700,000 × 1.70%
= $79,900
All other information which is given in the question are not related to the bad debt expense as it is an estimated bad debt percentage of the net credit sales Hence, we ignored it
Answer:
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
Explanation:
The journal entry for the sale of the bond is shown below:
Cash Dr $20,000
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
(Being the sale of the bond is recorded)
For recording this we debited the cash as it increased the assets and credited the investment and gain on sale of investment so that the proper posting could be done
Answer:
<u>Flint Company </u>
DR Merchandise <u>$1,050</u>
CR Accounts Payable <u>$1,050</u>
(<em>To record purchase of merchandise</em>)
<u>Windsor Inc.</u>
DR Accounts Receivable <u>$1,050</u>
CR Sales <u>$1,050</u>
(<em>To record sale of merchandise</em>)
DR Cost of Goods Sold <u>$660</u>
CR Merchandise Inventory <u>$660</u>
(<em>To record change in stock from sale of merchandise</em>)