Answer:
Explanation:
The journal entry is shown below:
Not realized gain or loan A/c Dr $300,000
To Estimated liability on purchase of raw material $300,000
(Being the difference is recorded)
The difference is computed by
= Purchase value of raw material - market value of raw material
= $1,500,000 - $1,200,000
= $300,000
Answer:
Answer for Question 1 is False
Answer for Question 2 is False
Answer for Question 3 is True
Answer for Question 4 is True
Answer for Question 5 is True
Explanation:
1. Debenture bonds include unsecured bonds but do not include mortgage bonds and sinking bonds.
2. Callable bonds are bonds issued by the issuer before the maturity period.
3. True about market rate.
4. True about Annual interest.
5. True about the Present value of a bond.
Answer:
A normative statement is one that makes a value judgment. Such a judgment is the opinion of the speaker; no one can prove that the statement is or is not correct
Explanation:
Answer:
a. Misallocation of resources
Explanation:
Misallocation of resources implies that assets are not put to their best, best, or proficient use. The utilization of the term misallocation in financial matters is that market analysts recognize two kinds of efficiencies: productive and allocative. The productive alludes to the (effective) utilization of assets to deliver given merchandise and ventures. The allocative alludes to which merchandise and enterprises ought to be created, and who ought to get the opportunity to devour them. Financial matters are generally worried about allocative thought of productivity.
Answer:
False
Explanation:
An increase in the demand for notebooks raises the quantity of notebooks demanded and also the quantity supplied
An increase in demand leads to a corresponding increase in supply
If the supply is not raised which will also increase the quantity of notebooks supplied, there will not be enough notebooks to meet the high demand for notebooks which brought about an increase in the quantity of notebooks demanded
