Answer:
Assets:
Cash 8200 - 520 - 5243 - 820 - 620 + 9016 = 10,013
Receivables 9200 - 9200 = 0
Inventory 2200 + 5700 + 520 - 350 - 107 - 6200 + 520 - 383 = 1900
Liabilities:
Accounts Payable 5700 - 350 - 5350 = 0
Common Stock 7700 = 7700
Explanation:
Redd Company has incurred multiple transactions which will require adjustments before financial statements are prepared. These transaction will have effects on both sides of the accounts assets and liabilities. Common stock is not affected by the transactions as this is equity section.
Answer:
c. There is an "opportunity cost" associated with using reinvested earnings, hence they are not "free."
Explanation:
When the reinvested earnings are invested that is basically the earnings associated with reinvestment would earn the same like that earned by the investment if not withdrawn and invested.
Let us say for example: Amount invested = $1,000
Return on such investment = $100
Now if such earnings are also reinvested then
Earnings = $110
Now if this $110 is used rather than investing again, then there is the opportunity cost of earning $11 on such reinvestment.
Thus, statement c is correct.
Not sure but the answer is most likely q50
Answer:
The first two solutions are attached in the excel document.
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation:
Solution 3:
Amount at which purchase on February 1 be recorded if the net method were used = $9,100*90%*97% = $7,944
Answer:
a. Ted gets the hut; Sadie gets the rest.
Explanation:
Since Ted placed a much more higher priority on the hut by assigning it 35 points more than all other items, and Sadie placed a very low priority on the hut by assigning it 10 points when compared to all other items, it shows Ted is ready to let go of other items just to have the hut, and Sadie is ready to let go of the hut to have the other item. Hence, the "Ted gets the hut, Sadie gets the rest" splits is efficient.
