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3 years ago

Select the correct answer.

Business

1 answer:

Ksenya-84 [330]3 years ago

4 0

Answer: E. she can now work as a trainee with an expert

Explanation:

Since Jessica hopes to get an entry level job in an audit firm, the professional organization will help her in her quest as she can now work as a trainee with an expert.

By joining the professional organization, she'll get the work experience that's needed when she finally get the role on the audit firm. She would have learned from a professional who's experienced and this will be vital in her getting into the workforce.

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Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is e

-Dominant- [34]

Answer:

Please see the adjusting entries below.

Explanation:

1. Depreciation on equipment

Debit Depreciation expense $1,340

Credit Accumulated depreciation $1,340

(To record depreciation expense for the period)

2. Interest on loans

Debit Interest expense $275

Credit Interest payable $275

(To record interest on loans)

3. Purchase of office supplies

Debit Office supplies $550

Credit Cash $550

(To record purchase of office supplies)

4. Prepaid rent

Debit Amortization expense $700

Credit Prepayment $700

(To record expired prepayment)

5. Accrued salaries

Debit Salaries expense $900

Credit Accrued salary $900

(To record accrued salaries)

7 0

4 years ago

Hansel and Gretel, a married couple, manage apartments and they are required to live in the managers’ apartment as a condition o

Alex

Answer:$0

Explanation:

Hansel and Gretel receive $600 as house rent allowance and they pay the same $600 towards the rent for their stay in the manager's apartment. If they live in a different building they would only pay $500 then they could save $100 which is the opportunity cost lost by them.

They do not have a gross income as the income and allowance are equal there is no gross income. They cannot even move on to other building as per the job agreement they have to stay at the manager's house which makes it impossible for them to earn gross income when in this job agreement.

3 0

3 years ago

At December 1, 2017, Swifty Corporation Accounts Receivable balance was $12770. During December, Swifty had credit sales of $342

Nat2105 [25]

Answer:

a) $19610 credit

Explanation:

Given: Accounts receivables as on Dec 1, 2017 = $12770

Credit sale during the month = $34200

Collections during the month = $27360

Accounts Receivable balance at the end of the month = Opening Accounts Receivable balance + credit sales during the month - cash collected during the month

= $12770 + $34200 - $27360

Accounts Receivable balance as on Dec 31, 2017 = $19610 credit

4 0

3 years ago

A stock is selling at $40, a 3-month put at $50 is selling for $11, a 3-month call at $50 is selling for $1, and the risk-free r

aalyn [17]

Answer:

$0.745

Explanation:

GIven that

Current stock price $S_o$ = $40

strike price X = $50

time to expiry of option = 3 - month

put price option $P _o$ = $11

call price option $C_o$ = $1

and the risk-free rate r = 6%

The amount that can be made on the arbitrage can be evaluated as a function of the Put-call parity.

i.e For parity ;

$C_o + (X \times e^{-rt} ) = P_o + S_o$

$1 + (50 \times e^{-(0.06 \times 0.25} ) = 11 + 40$

$1 + (50 \times 0.9851 ) = 51$

$1 + (49.255 ) = 51$

50.255 = 51

the difference in both values above illustrates that there is no parity taking place and the arbitrage estimation here = 51 - 50.255 = $0.745

3 0

3 years ago

if GDP in government spending Remains the Same and alpetra is a closed economy what is the change in investment

Annette [7]

Answer:

No change

Explanation:

The complete question is "The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption, and Government spending remains the same and Alpetra is a closed economy, what is the change in investment?"

The closed economy equilibrium is at: Y = C + I + G. Where Y = Real GDP, C = Consumption, I = Investment and G = Government spending.

The Y, C, G are constant so the investment is not changed. I = Y - C - G. So, this is the same before-tax and after-tax change.

4 0

3 years ago