Answer:
Explanation:
To answer this question comprehensively, we are expected to prepare the journal entries <u><em>(which is the act of making or keeping the records of any transactions either for non economic or for Economic purposes. The Transactions are scheduled in an accounting record book and it reveals a company's debit and credit balances.)</em></u> On December 31, 2019, May 11, 2020, and June 12, 2020.
kindly check the attached images below to get the diagram showing all the step by step journal entries we are to prepare.
Answer:
The company should recognize $2,000 in revenue.
Explanation:
The accrual principle in accounting states that revenues should match expenses. While the company received $5,000 in cash from the customer, in the current month, it will only have delivered $3,000 in products. In other words, it will only have incurred in the expenses necessary to deliver those $3,000.
For that reason, for the current month, the company will only recognize $3,000 in revenue, while the following month, it will recognize the remaining $2,000.
Answer: Hedge funds are not as highly regulated as most other types of financial institutions. The justification for this light regulation is that only "sophisticated" investors (i.e., those with high net worths and high incomes) are permitted to invest in these funds, and these investors supposedly can do any necessary "due diligence" on their own rather than have it done by the SEC or some other regulator.
Explanation:
Hedge fund is simply an investment company which invests the money of its clients in alternative investments so that it'll be able to provide hedge against the changes that may later occur in the market or in order to beat the market.
Hedge funds are not as highly regulated as most other types of financial institutions. The justification for this light regulation is that only "sophisticated" investors (i.e., those with high net worths and high incomes) are permitted to invest in these funds, and these investors supposedly can do any necessary "due diligence" on their own rather than have it done by the SEC or some other regulator.
the best choice was black market
Answer:
the number of units should be produced is 26,000 units
Explanation:
The computation of the number of units should be produced is as follows:
Units to be produced is
= Expected sales units + ending inventory units - beginning inventory units
= 23,000 units + 18,000 units - 15,000 units
= 26,000 units
Hence, the number of units should be produced is 26,000 units