Answer:
a debt instrument known as a Treasury note
Explanation:
Treasury note is a United States government debt security that has a fixed interest rate and maturity of between 1 to 10 years.
Treasury notes can have competitive bid or non competitive bid.
Competitive bid occurs when buyers determine yield they want, but they have to wait for approval by the government.
Non competitive bidding is when buyers accept the yield offered at auction.
In this scenario where a registered representative (RR) is recommending to his client a newly issued debt security backed by the U.S. government with a maturity of eight years. This is most likely treasury notes.
Explanation:
If employees think their organization is overly driven by politics then
- The employees are less committed to the organization
- The employees have lower job satisfaction and perform worse on the job
- The employees have higher levels of job anxiety
- The employees also have a higher incidence of depressed mood.
Answer:
B) An understatement of assets and understatement of revenues
Explanation:
Accrued revenues are revenues that are earned but are still collectible.
That means the adjusting entry should have been:
<em>Debit</em> to Accounts Receivable <em>and</em>
<em>Credit</em> to Revenue
If the company failed to prepare this adjusting entry then the Accounts Receivable will not be recorded and thus will understate the Asset since Accounts Receivable is an Asset.
The same goes for revenue, if not recorded, will understate Revenue.
Answer:
Inventory in consignee: $ 22,005
Consignor profit: $ 6,810.6
Explanation:
We must remember that the goods cost is the sum of all it was needed to get the inventory ready for sell:
consigned goods: 88 x 490 = 43,120
shipping cost 890
Total Cost for Spencer 44,010
44,010 /88 freezers x 44 freezers at hand: 22,005
profit on the consignor:
sales revenue 44 x 710 = 31,240
commission 6% (1,874.4)
cost of good sold
44,010 / 88 x 44 freezers sold: (22,005)
advertising (240)
installation cost (310)
Profit 6,810.6
Answer:
An increase in sale for 90 units, will increase the net income for 1$,170
Explanation:
<em>We are not given with any information of additional cost or special price for this units, so we use the current values.</em>
So we simply multiply the contribution per unit by the increase in sale.
Contribution Margin x Δ sales = Δ income
13 x 90 = 1,170
Each unit contributes with 13 additional income, there are 90 additional units
Total income added 1,170
