Answer:
No journal entries required
Explanation:
According to attorney estimation, the chances of winning the case are certain therefore no journal entry is required for adjustments since the chances of losing the case are very uncertain.
Answer:
the stock price <u>has decreased in the same proportion as the dividend. </u>
Explanation:
Since we are told that the dividend yield remained the same, and the dividend decreased by 2.03%, we know that the price of the stock decreased by 2.03%.
= [($1.45 - $.148) / $1.48] x 100 = -2.03%
Answer: Conformity
Explanation: Ethics trap refers to the situation in which an individual finds difficult to assess what is morally correct for him or her and what is not.
Conformity refers to the ability of an individual to match the customs and beliefs of a group to mingle with that particular group.
In the given case, Jamal has been working in the company where all the members have been cheating on their accounts except for him. This urges Jamal to do the same for being a part of group.
Hence we can conclude that the correct option is C.
Answer:
57,000
Explanation:
Planet company purchases goods worth $50,000July and also expect to purchase goods worth $70,000 in August
They pay 35% of tbs purchase in the month and 75% in the following month
Therefore the total expected cash disbursement can be calculated as follows
= (70,000×35/100)+(50,000+65/100)
= {70,000×0.35) + (50,000+0.65)
= 24,500+32,500
= 57,000
Answer: Please refer to Explanation
Explanation:
M1 is the narrowest definition of money supply. It refers to the most liquid or instruments and includes actual currency as well as money in checking accounts.
M2 is the next type of of money. It includes EVERYTHING in M1 and then also includes savings deposits, time deposits, and money market funds.
Now,
Classifying the above will go as,
Gold - Neither M1 or M2
Traveler's check - M1 and M2
Balance in savings accounts - M2 only
Money market account balance - M2 only
Credit cards - Neither M1 or M2
Common stock - Neither M1 or M2
Certificates of deposit - M2 only
Currency - M1 and M2
Balance in Checking accounts - M1 and M2
It is worthy of note that there is no M1 only. This is because as stated in the definition, all M1s are in M2.
