Answer:
Is the same as the consumption possibilities frontier
Explanation:
If the producer is self-sufficient , he reached the equilibrium of the production vs the consumption he can get.
Answer:
$32.000 - is the cost of goods available for sale
$313.000 . is the cost of goods sold
Explanation:
The cost of goods available for sale it's the ending finished goods inventory, because at the beginning of the next period is the inventory that the company have for sale.
Regarding to the cost of goods sold we need the initial inventory and then sum the cost of goods manufactured during the year, once the total it's calculated we only need to deduct the inventory at the end of the next year and than we have the cost of goods sold.
Please see details below:
Cost of goods available for sale: $32.000
Cost of goods sale: $313.000 --> $25.000 + $320.000 - $32.000
Answer:
The U.S. Supreme Court holding state laws banning same-sex marriage were unconstitutional.
<h3>
Explanation:</h3>
- In a 5-4 ruling, the high court found that same-sex couples have a constitutional right to marry and that states must license a marriage between two people of the same sex.
- "Today’s victory will bring joy to tens of thousands of Texans and their families who have the same dreams for marriage as any others," Chuck Smith, executive director for the gay rights group Equality Texas, said in a statement.
- "We hope state officials move swiftly to implement the Constitution’s command in the remaining 13 states with marriage discrimination."
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Answer:
The correct answers are: (a) Corporation; (b) Corporation; (c) Sole Proprietorship; (d) Sole Proprietorship and Partnership; (e) Corporation.
Explanation:
A series of associated characteristics are identified, according to the Missouri Small Business and Technology Development Centers. Depending on the structure of the organization, it is divided into Sole Proprietorship, Partnerships, Corporations. For example, a corporation is a company, a group of people or an organization authorized to operate as a single entity (legal entity).
Registered corporations have legal personality and the owners are the shareholders, whose legal responsibility is limited to their investment. Generally the shareholders do not manage the corporation, it is common that they choose a board of directors to control the operations.
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Answer:
1. Journalize the transactions for Rose's investment in Sprouts' stock:
<u>March 1 2018</u>
Dr Trading securities - Sprouts's stock 12,000
Cr Cash 12,000
(to record the purchase of Sprout's stock)
<u>October 1 2018</u>
Dr Cash 350
Cr Dividend Income 350
(to record the dividend receipt from Sprout's stock)
<u>October 31 2018</u>
Dr Cash 12,250
Cr Gain on disposal of short-term investment 250
Cr Trading securities - Sprouts's stock 12,000
(to record disposal of Sprout's stock)
2. Net effect of the investment on Rose's net income for the year ended December 31, 2018: $600.
Explanation:
1. As this investment is short-term investment and is held for sell, fair value methodology should be applied to record this transaction. The detailed journal entries are as in answer part.
2. As fair value methodology is applied, the net income of Rose will include: dividend income + gain on disposal of short-term investment = $350 + $250 = $600.
