Answer:
Entry is given below
Explanation:
Bought shares 6 months ago = 400shares x $60/share
Bought shares 6 months ago = $24,000
Sold shares = 400shares x $40/share
Sold shares = $16,000
Loss on sales proceeds = $24,000 - $16,000
Loss on sales proceeds = $8,000
Entry:
DEBIT CREDIT
Cash $16,000
Loss on sale $8,000
Shares $24,000
This scenario would best be viewed as a QUID PRO QUO SEXUAL HARASSMENT.
Quid pro quo sexual harassment is the type of sexual harassment that occurs in the workplace, in which an higher authority figure offers or drop a hint that he or she will give rewards to an employee under him [or her] in exchange for sexual gratification.
Answer:
Purchases= $408,000
Explanation:
Giving the following information:
Beginning Ending Raw materials inventory$547,000 $610,000
The raw materials used in manufacturing during the year totaled $1,018,000
<u>To calculate the direct material purchased, we need to use the following formula:</u>
Purchases= direct material used in production - ending inventory
Purchases= 1,018,000 - 610,000
Purchases= $408,000
Answer:
$131,500
Explanation:
The reason is that the saving account balance of $120,000 is easily convertible to cash within a seconds which means it must be included in the balance sheet.
Similarly the Cash in hand of $1,200 can be used at the instant so it must also be included in the cash balance in the balance sheet.
Checking account balance is also easily convertible to cash and must be included in the cash figure in the balance sheet by $10,000.
The certificate of deposit and the cash refund due from state taxing authority must not be included in the cash balance at the year end balance sheet because these are not readily convertible to cash in future.
So
Cash balance = $120,000 + $1,200 + $10,000 = $131,500
<span>The best way to investigate fraudulent transactions on your credit card is to call your bank to review recent transactions or review your recent credit card statements. By doing this, you are able to check and confirm that you or anyone authorized to make purchases is the only one who has making any transactions on the account. </span>
