The NASDAQ is an example of what type of stock exchange?

Mint Co.'s cash balance in its balance sheet is $1,300,000, of which $300,000 is identified as a compensating balance. Additiona

Natasha2012 [34]

Answer:

Correct option is B Yes and Yes

Yes - Compensating shall be reported, And Restricted shall also be reported.

Explanation:

Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.

Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.

Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.

Therefore correct option is B

Yes - Compensating shall be reported, And Restricted shall also be reported.

7 0

4 years ago

The Making Ethical Decisions box "Good Finance or Bad Medicine" has an important message for managers who make financial decisio

Nataly [62]

Answer:

A. Managers must balance good economic decisions with socially forward thinking.

Explanation:

Good Finance or bad medicine refers that if you are aware of finance or you have studied the finance subject so you are capable of making the financial decisions which give you the better return at less risk in near future and if you are not aware of finance than it would lead to the worst situation

Therefore the first option depicts the given message i.e making a better balance in the economic decisions with the help of forward-thinking i.e. to be social

8 0

3 years ago

____________ are the economic resources of a business that are expected to be of benefit in the future. Liabilities represents t

Mars2501 [29]

Answer:

Assets are the economic resources of a business that are expected to be of benefit in the future. Liabilities represents the claims to the stockholders' equity held by the stockholders of the business.

Explanation:

The accounting equation formed the basis for what is today termed as the double-entry system of accounting. It involves the balance of assets on one side and liabilities and share holders equity on the other side. When recording accounting statements after a certain financial period, the total assets should be equal to the sum of the liabilities and the shareholder's equity. The accounting equation can be expressed as follows;

Assets=liabilities+shareholder's equity

The assets are all the items owned by a company or business that are of economic value to that particular company. The assets are often expected to be of future benefit. Liabilities of the other hand represents the claims to the stockholders' equity held by the stockholders of the business. The stockholder's equity is the shared value that the stockholder's will receive when the assets and liabilities are liquidated.

8 0

4 years ago

These are the general term for the factors of production used in the making of goods and services.

Margaret [11]

These include any resource needed for the creation of a good or service. The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.

4 0

4 years ago

Read 2 more answers

Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at th

ozzi

Answer:The adjusted cost of goods sold that would appear on the income statement for November is:=$246,600

Explanation:

Beginning finished goods inventory $64,000

Add: Cost of goods manufactured $218,000

Cost of goods available for sale $282,000

Less: Ending finished goods inventory $31,200

Unadjusted cost of goods sold $250,800

Less: over applied overhead

Over applied manufacturing overhead cost = manufacturing overhead cost directed to Work in Process - Actual manufacturing overhead cost incurred =$62,800- $58,600= 4,200

Adjusted cost of goods sold $250,800 -$4,200 =$246,600

7 0

3 years ago