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3 years ago

(a)What is the meaning of subsidiary company (2)

Business

1 answer:

netineya [11]3 years ago

8 0

Answer:

A subsidiary company is a business that is owned, either partially or completely, by another company. This company is referred to as a parent company.

Explanation:

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During a period of severe inflation, a bond offered a nominal HPR of 83% per year. The inflation rate was 74% per year. a. What

Ierofanga [76]

Answer:

real HPR is 5.17 %

Explanation:

given data

nominal HPR = 83%

inflation rate = 74%

to find out

What was the real HPR on the bond over the year

solution

we find real interest rate r that is express as

r = $\frac{R-i}{1+i}$ .........................1

here R is nominal rate and i is inflation rate

so put here value

r = $\frac{0.83-0.74}{1+0.74}$

r = $\frac{0.09}{1.74}$

r = 0.05172

so real HPR is 5.17 %

3 0

3 years ago

Accruals recorded in the Salaries and Wages Expense and Salaries and Wages Payable columns of the balance sheet and income state

zhenek [66]

Answer:

Incurred but unpaid

Explanation:

When wages and salaries are incurred by an entity and paid, the entries required are debit Wages and Salaries expense, credit cash account. However, when the expense is incurred but cash is yet to be paid, this represents a liability to the organization and as such, an accrual is required. The entries to be posted are debit Wages and salaries expense (in the income statement), credit Accrued wages and salaries (in the balance sheet).

4 0

3 years ago

Crane Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During

Ugo [173]

Answer:

A. Debit unearned subscription revenue $21,000

Credit Subscription Revenue $21,000

B. Debit Unearned Subscription Revenue $63,000

Credit Earned Subscription Revenue $63,000

Explanation:

A. Preparation of the adjusting entry at December 31, 2022, to record subscription revenue in December 2022.

Debit unearned subscription revenue $21,000

Credit Subscription Revenue $21,000

[($28 per year*9,000)/12]

(Being to record subscription revenue )

B. Preparation of the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023.

Debit Unearned Subscription Revenue $63,000

Credit Earned Subscription Revenue $63,000

[($28 per year*9,000)/12*3]

(Being to record subscription revenue in the first quarter)

8 0

3 years ago

Pacific Division has the following information:

Luden [163]

Answer:

it will be a net loss of 560,000

It is better to produce at a loss of 60,000 than a loss of 620,000

That's because, the Division cover a good portion of their allocate fixed cost.

Explanation:

The fixed expense are allocate cost. Are unavoidable cost It will remain even if the division is dropped.

The sales and variable cost will be zero.

$\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]$

After posting the values, we calculate the differential income.

In this case it will be a loss for 560,000

5 0

3 years ago

Should all bank trasactions be recorded

NARA [144]

Answer:yes

Explanation:

Yes indeed.

5 0

3 years ago

(a)What is the meaning of subsidiary company (2)​

(a)What is the meaning of subsidiary company (2)