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inysia [295]
3 years ago
9

On April 18, Riley Co. made a short-term investment in 440 common shares of XLT Co. The purchase price is $56 per share and the

broker's fee is $390. The intent is to actively manage these shares for profit. On May 30, Riley Co. receives $1.30 per share from XLT in dividends.
a. Prepare the April 18 and May 30 joumal entries to record these transactions.
Business
1 answer:
Alika [10]3 years ago
8 0

Explanation:

General Journal

April 18

Debit Short-term Investments 25,030

Credit Cash 25,030

(440x$56= 24,620+390) = 25,030

May 30 ,

Debit Cash 572

Credit Dividend Revenue 572

1.30×440= 572

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Determining what will occur in the market for oranges when there is an early freeze. a. Determining what will occur to inflation
Oksi-84 [34.3K]

Answer:

The answer is stated below:

Explanation:

Note: Here the questions is missing, that is

Which of the following will be a micro economic topic?

Microeconomics is the study which dealt with the knowledge of how the people take decisions at the small scale. It does not consider the economy as a whole.

So, the topic which are related to micr- economic are:

Determine the affects of the war on Iraq on the steel price. This dealt with the affects of war in Iraq, focusing on a single country.

Determine what will happen in the market for the oranges when they are freeze, this also dealt with the market of oranges, not the economy as a whole.

So, both the topics are dealt or related with the micro - economic.

6 0
3 years ago
Jackson Manufacturing Company had a beginning inventory of $23,000. During the year, the company recorded inventory purchases of
harina [27]

Answer:

$82,000

Explanation:

Jackson manufacturing company has a beginning inventory of $23,000

The recorded inventory purchases is $125,000

The cost of goods sold is $66,000

Therefore the ending inventory can be calculated as follows

= $23,000+$125,000-$66,000

= $148,000-$66,000

= $82,000

3 0
3 years ago
A business segment reports segment revenues of $1.2 million, segment costs of $1.0 million, and allocated corporate overhead cos
topjm [15]

Answer:

d. decrease by $200.000.

Explanation:

The computation of the segment profit is shown below:

Segment profit = Segment revenues - Segment cost

                         = $1.2 million - $1.0 million

                         = $0.2 million or $200,000

Since the management want to drop the segment which results to decrease in the overall corporate profits that means the segment profit will also got decreased by  $200,000

The overhead cost is not relevant. Hence, ignored it

6 0
3 years ago
In 2021, Short Construction began construction work under a four-year contract. The contract price is $2,000,000. Short recogniz
Masja [62]

Answer:

The appropriated answer will be "$1,700,000".

Explanation:

Revenue understood by completion percentage = Design balance throughout progress = $200,000

The percentage completion throughout the whole year will be:

⇒  \frac{200,000}{2,000,000 }

⇒  10 \ percent

The cost incurred throughout the whole year will be:

⇒  Revenue \ recognized - Income \ on \ the \ contract

⇒  200,000 - 30,000

⇒  170,000 ($)

Now,

The total estimated cost of the project at the end the year 2021 will be:

⇒  \frac{170,000}{10 \ percent}

⇒  1,700,000 ($)

6 0
3 years ago
An agreement exists when one party offers a certain bargain to another party.
Fynjy0 [20]

Answer:

the answer of the question is true

3 0
3 years ago
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