Answer: Option D
Explanation: Short term investments can be defined as the liquid investments that are expected to be sold or be converted into cash within a particular time period, generally a year or operating cycle of the company. Primary examples are commercial paper and US treasury bills.
These are generally used to have cash availability at short term notice in the entity or for some future project funding investment. For bad debt buffering specific provisions are made.
Answer:
Five forces explanations are given below
Explanation:
1) Rivalry among Steel Producers (Firece Competitive force) : Due to high competition in the US market, most of the steel producers have mastered the technique to provide the steels to the customers at best prices. In market like steel, customer is more careful about the delivery and price of the product. Nucor is using updated recycling technologies which enable it to offer wider range of products to its customer at lowest price.
2 ) Competition from Substitutes (moderate Strong competitive force) : Products like aluminium, plastics and other materials can be used as substitutes of Steel products.
3) Threat of Entry (moderate Strong competitive force) : Due to high competition in Steel market, new companies are reluctant to enter already saturated market. but the companies like Nucor who used latest art of technologies are acquiring existing less successful steel producer to expand its operation and turn these companies into strong contenders.
4) Bargaining Power of Supplier (moderate competitive force) : the Suppliers of Steel Scrape are may be moderate competitive force. Usually prices of Steels scrape of Steel products are depend on its supply and demand in the market and individual supplier may not be big factor to influence the prices.
5) Bargaining Power of Customers (moderate weak competitive force) : Moderate weak force exist when the demand for steel products are high and vice versa. The steel producers may provide some good discounts to those customer who are buying the steels in bulk when the demand for the steel products is low. But sometime due to high demand of steel, the good customers may be negated and they may compromise on lower or minimal discounts.
Answer:
The correct answer is:
Debit: Account receivable $5,800
Credit: Sales revenue $5,800
Debit: Cost of goods sold $4,000
Credit: Merchandise inventory $4,000
Explanation:
On 1st May
Upon sale of inventory on credit
Debit: Account receivable $5,800
Credit: Sales revenue $5,800
On 1st May
To record cost of goods sold of merchandise inventory:
Debit: Cost of goods sold $4,000
Credit: Merchandise inventory $4,000
brand mark, it is one of the most well known brand marks
Explanation:
. $4,395 ($29,300 long-term capital gain × 15%)
