Answer: $104,360
Explanation:
The cash collections for June will be;
= June Cash sales + (50 % *June credit sales ) + (43% * May credit sales) + ( 5% of April credit sales)
= 58,000 + (0.5 * 55,000) + (0.43 * 42,000) + ( 0.05 * 16,000)
= 58,000 + 27,500 + 18,060 + 800
= $104,360
Answer:
b. Cash 5,400 Debit
Common Stock 1,200 Credit
Paid-in Capital in Excess of Par 4,200 Credit
Explanation:
the cash proceeds will be for 5,400
common stock will increase for the face value:
600 shares x 2 = 1,200
the paid-in capital in excess of par value will be the difference:
5,400 - 1,200 = 4,200
Cash, which is an asset increase for mdebit side while the common stock and additional paid-in are equity accounts. They increase from the credit side.
Absolute advantage is beyond the firm's capabilities to produce domestically, but could be achieved by trading with another country.
<h3>What is Absolute advantage?</h3>
Adam Smith, an economist from the 18th century, introduced the idea of absolute advantage in his book The Wealth of Nations to explain how nations might profit from trade by specializing in producing and exporting the things that they can manufacture more successfully than other nations.
International trade is the trade where countries import and export the goods to the other countries so that all the countries have some resources.
Thus, it is absolute advantage.
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Answer:
Currency swap.
Explanation:
A currency swap is an agreement or a contract between the two parties. Involves the exchange of interest and sometimes of principal in one currency for the same in another currency. Interest payments are exchanged at fixed dates through the life of the contract.
It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet. Two parties exchange principal amount and interest that incur in different currencies. The dual purpose of a currency swap is to hedge exposure to exchange rate risk, or helps reduce the cost of borrowing a foreign currency.
Answer:
Prosperity.
Explanation:
This can be tagged to be an economic period or stage in fluctuation, contraction and other factors affect the growth of a business or a certain economy. Example can be seen when your business generally follows the same economic cycle as the others does in the economy, then warning signs of an impending recession suggest that it is not a good time for you to broaden or create new growth grounds. This cycle help a business organisation protect against downturns, and position themselves to gain maximum merits of economic expansions.
