Which of the following conflicts led to an expansion of Presidential foreign policy power?

The December 31, 2015, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,105 and current liabilities of $9

IrinaK [193]

Answer:

$165

Explanation:

The working capital of organization is the difference between the current assets and the current liabilities of the organization. It shows if a company has enough short term assets or asset that can be converted quickly to cash to settle obligations that will arise in the short term.

Working capital as at December 31, 2015

=$1,105 - $915

=$190

Working capital as at December 31, 2016

=$1,320 - $955

=$365

Change in working capital in 2016

= $365 - $190

= $165

5 0

3 years ago

Journalize the following transactions for Reed Company. Assume a perpetual inventory system. Also, assume a constant gross profi

igor_vitrenko [27]

Answer:

The Journal entries are as follows:

(i) On April 6,

Cash A/c Dr. $5,000

To Sales $5,000

(To record the cash sales )

(ii) On April 6,

Cost of goods sold A/c Dr. $3,000

To merchandise inventory $3,000

(To record the cost of goods sold)

(iii) On April 12,

Sales return and Allowances A/c Dr. $630

To cash $630

(To record the sales return)

(iv) On April 12,

merchandise inventory A/c[(630 ÷ 5,000) × 3,000] Dr. $378

To cost of goods sold $378

(To record the cost of sales return and allowances

4 0

3 years ago

Supporters of free trade argue that it creates which economic benefit?

Zepler [3.9K]

Answer:

C. Increasing efficiency by allowing for greater specialization

Explanation:

A free economy is one where the forces of demand and supply determine production and consumption. The government or the central authority does not interfere with economic activities in a free economy.

In a free economy, the factors of production are held by the private sector. There is increased business competition as entrepreneurs have the freedom to open a business of their choice. Buyers have the liberty to buy from their preferred suppliers. Businesses are profit-motivated, which forces entrepreneurs to be creative and innovative to win customers and make more sales. They have to specialize and increase their efficiency to be more competitive.

7 0

2 years ago

Read 2 more answers

Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 21 years to maturi

Aleonysh [2.5K]

Answer:

Price of the bond = $4,122.36

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The value of bond for Yan Yan Corp. be worked out as follows:

Step 1

PV of interest payments

Semi annul interest payment

= 4.6% × 5,000 × 1/2 = 115

Semi-annual yield = 4.1%/2 = 2.05 % per six months

Total period to maturity (in months) = (2 × 21) = 41 periods

PV of interest =

115 × (1- (1+0.0205)^(-21)/0.0205)=1,946.47

Step 2

PV of Redemption Value

= 5000 × (1.0205^(-41) = 2,175.89

Step 3:Price of the bond

Total present Value = 1,946.47 + 2,175.89 = 4,122.36

Price of the bond = $4,122.36

5 0

3 years ago

Assume that a parent company owns a 100% controlling interest in its long-held subsidiary. On December 31, 2013, a parent compan

Vlad [161]

Answer:

Related to the transferred equipment, the items that is true regarding the preparation of the consolidated financial statements for the year ending December 31, 2013 is:

C. The consolidation entries will include a $26,000 debit to "Gain on Sale of Equipment."

Explanation:

a) Data and Calculations:

Original cost of the equipment to the parent = $180,000

Transfer of equipment to subsidiary = (118,000)

Accumulated depreciation to December 31, (36,000)

Unaccounted balance = 26,000

b) The unaccounted balance of $26,000 needs to be credited to the parent's Equipment account to remove it from the account. This will have a corresponding debit entry in another account. The only correct entry among the options is C.

5 0

3 years ago