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3 years ago

Please help!

1 answer:

3 0

In the United States, the U.S. dollar determines the value of money. There are three ways to measure the value of the dollar. The first is how much the dollar will buy in foreign currencies. The exchange rate<span> measures that value. </span>Forex traders<span> on the foreign exchange market determine that value. They take into account current supply and demand, as well as their expectations for the future.</span>

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Present all the journal entries including the adjustments that would be made on July 31, 2015, the end of the fiscal year, for e

Kamila [148]

Answer:

Account Title Dr Cr

Supplies Expense (22,150+9,350-8,810)..............22690

Supplies....................................................................................22690

Interest Receivable .....................................................450

Interest Revenue .......................................................................450

Rent Revenue.............................................................$7,000

Unearned Revenue...............................................................$7,000

3 0

3 years ago

Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2020, for $115,000. On December 12, 2020, Kevin purchas

salantis [7]

Answer:a)$195,500 b) $10,735 c)$6,900

Explanation

a)adjusted basis of Kevin’s Bluebird stock on December 31, 2020?

1,000 shares was bought for $115,000

Therefore it was bought at $115 per share

Also

750 shares was bought at $80,500 and therefore bought at 107.33 per share

So in total of 1750 shares, He spent $195,500 ($115,000+ $80,500)

b.On December 12, 2020,he bought shares at 107.33 per share

500 shares would be 500 x $107.33=$53, 665

Therefore, Kevin’s recognized gain or loss from the’ sale of Bluebird stock on March 1, 2021 would be

$64,400- $53, 665 = $10,735

c.Assuming he cannot identify the shares sold, then we can say they are sold on a FIFO ( first in first out) basis. So we would consider the shares bought on October 3, 2020

so we have that

500 x $115=$57,500

$64,400 - $57,500 = $6,900

7 0

3 years ago

What is the smallest dollar civil penalty that will be assessed for a single act of misrepresentation?

V125BC [204]

Answer:

The smallest dollar civil penalty that will be assessed for a single act of misrepresentation is $200.

The correct answer is A

Explanation:

The civil penalty imposed on a single act of misrepresentation ranges between $200 and $10,000. Thus, the smallest dollar penalty is $200.

8 0

3 years ago

When a government transfers the rights and obligations of an asset to another legally separate governmental or private sector en

Mamont248 [21]

Answer: A service concession arrangement (D)

Explanation:

A service concession arrangement is an agreement whereby the government contracts with a private enterprise in order to operate, develop and maintain an infrastructural facility such as a tunnel, bridge, road, hospital, airport or prison. The government regulates and controls the kind of services the operator must provide, to whom the services are provided and at the price the services will be provided.

Concession agreements can also be between a non-governmental owner and a concessionaire, whereby the non-governmental owner gives the operator the exclusive rights to use and maintain the business for a stipulated period of time under specified conditions.

4 0

3 years ago

System testing:

yarga [219]

Answer:

C) tests the functioning of the system as a whole.

Explanation:

System testing refers to a process in which a complete system is evaluated to make sure that it works properly and fulfills the requirements. According to this, the answer is that system testing tests the functioning of the system as a whole.

The other options are not right because system testing doesn't separate components or programs as it involves the actual evaluation of the whole system to find defects and it is done before the acceptance testing.

3 0

3 years ago