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Nina [5.8K]
3 years ago
7

Two weeks ago Acme Electronics announced that it had developed a new chip design which was being considered by major companies f

or use in future smart phone development. At the close of trading the day before the announcement, Acme common stock closed at $20. On the day following the announcement, Acme closed at $21. Two days after the announcement the stock closed at $22.50. Four days after the announcement the stock traded at $23. Last week, Acme stock traded at $26, a level it has maintained since then. This is an example of a(n):
Business
1 answer:
astraxan [27]3 years ago
7 0

Answer: delayed reaction.

Explanation:

The scenario depicted in the question is an example of a delayed reaction. Before the announcement was made that a new chip design had been developed, Acme common stock closed at $20 but since the announcement was made, there has been an increase in the closing price of the stock .

This shows that the information flow had an effect on the price of the stock and this led to the delay in market reaction. Therefore, this is referred to as a delayed reaction.

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Answer:

Facilitator

Explanation:

Facilitators manage the meeting process.

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2 years ago
Paloma Company establishes a $200 petty cash fund on Jan 1. On January 8, the fund shows $107 in cash along with receipts for th
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Answer:

(1) establish the fund on January 1,

  • Dr Petty cash fund 200
  •     Cr Cash 200

(2) reimburse it on January 8

  • Dr Postage expenses 39
  • Dr Transportation expenses 12
  • Dr Delivery expenses 14
  • Dr Miscellaneous expenses 28
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(3) both reimburse the fund and increase it to $350 on January 8, assuming no entry in part 2.

  • Dr Petty cash fund 150
  • Dr Postage expenses 39
  • Dr Transportation expenses 12
  • Dr Delivery expenses 14
  • Dr Miscellaneous expenses 28
  •     Cr Cash 243

The only difference between part 2 and 3 is that the Petty cash fund is increased by $150, and cash decreases by $243 instead of $93.

6 0
3 years ago
Templeton Corporation recently used $75,000 of direct materials and $9,000 of indirect materials in production activities. The j
maksim [4K]

Answer:

A Debit to manufacturing overhead for $9,000

Explanation:

Based on the information given in a situation where the Corporation recently used the amount of $9,000 of indirect materials during the production activities which means that The journal entries that will reflect these transactions would include a DEBIT to MANUFACTURING OVERHEAD of the amount of $9,000 which is the amount of indirect materials that was used during the production activities

A debit to manufacturing overhead for $9,000

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Answer:

A. Enunciation

Explanation:

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3 years ago
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