Answer:
$210,000 is the capital balance of Heflin after acquisition by Mahar
Explanation:
In this question we are asked to calculate the capital balance of Heflin given the data in the above question.
Firstly, we identify the capital account of Heflin before the acquisition. From the question, this is equivalent to a value of $280,000
Now, we calculate the proportionate capital transferred. That is same as 25% of the total; 25/100 * 280,000 = $70,000
The ending capital of Heflin after acquisition would be mathematically = Capital account of Heflin before admission - Ending capital of Heflin after admission= $280,000 - $70,000 = $210,000
Answer: d. By choosing the right distribution channel.
Explanation:
In order for Santos to benefit effectively from the services they offer, they need to select the right distribution channel that will ensure that their products and services get to their customers in such a way that the customers are able to utilize these services.
They need to research the various distribution channels available to them and then based on the unique circumstances of their customers, decide which one would be best to ensure maximum reach to their customer base.
Answer:
Explanation:
The journal entry is shown below:
Warranty expense A/c Dr $25,500
To Estimated warranty liability $25,500
(Being the estimated warranty provision is recorded)
The computation is shown below:
= Merchandise sale value × given percentage
= $850,000 × 3%
= $25,500
Simply we debited the warranty expense and credited the estimated warranty liability so that the correct posting can be done.
Answer: b. The quantity of the country's currency supplied exceeds the quantity demanded.
Explanation:
A country operating a fixed-exchange rate system would be actively trading its currency to ensure that it remains at a certain rate. If the currency is overvalued, it means that the currency is actually weak and is being propped up by the company's actions in the forex market.
A reason for the weakness would be that the supply is higher than the demand of the currency which means that, as per the rules of supply and demand, the currency is trading at a lower price, i,e., it is weak.
Answer:
A. $288
Explanation:
The cost incurred to produce or purchase the product which is being sold is called cost of goods sold.
Cost of Goods Sold = Beginning Inventory + Purchases in the period - Ending Inventory
Cost of Goods Sold = $152 + $492 - $356
Cost of Goods Sold = $288
