Answer:
b. a debit to Held-to-Maturity Debt Investments for $26,000
Explanation:
Investment in corporate bonds is considered as Held-to-Maturity Debt investments.
Date Accounts Title and Explanation Debit Credit
30 Mar 18 Held-to-Maturity Debt investments $26,000
[$25,000 + $1,000)
Cash $26,000
(To record an investment in bonds)
Therefore, in the journal entry, it is debited to Held-to-Maturity Debt investments for $26,000
Answer:
Law of Diminishing Marginal Utility
Explanation:
The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.
Answer:
Wyman company should recognize a foreign exchange loss in the amount of $12,600
Explanation:
On the date of sale: £1 = $1.35
So £60,000 = 60,000 × $1.35 = $81000
On the date of payment: £1 = $1.14
So £60,000 = 60,000 × $1.14 = $68, 400
The amount Wyman company received on the date of payment is $12,600 less than the amount it ought to have received on the date of sale.
So Wyman company should recognize a foreign exchange loss in the amount of $12,600
Answer:
True
Explanation:
Outsourcing is when a company gives some of its internal activities to an external party that takes the responsibility to get things done and one of the reasons for a company to do this is to get rid of activities that have to get done but that are not part of their core operations to be able to concentrate on their main activity and get those things done by experts which can help increase productivity. According to that, the answer is that the statement is true.
