Answer:
The $10,000 collected by Nikea represent the collections of an accounts receivable, the journal entry should be:
Dr Cash 10,000
Cr Accounts receivable 10,000
In this case, an asset (accounts receivable) will decrease while another asset (cash) will increase). The accounting equation will not change since one assets replaces the other.
Explanation:
<span>Although the ethics codes of the various professional organizations have specific differences, some of the common themes include: being interested in the welfare of clients, avoiding harm and exploitation, and protecting client's confidentiality and privacy.</span>
If a country wants the economy to be able to produce increasing quantities of goods and services, an economic goal which the country has is: B. growth.
<h3>What is an economy?</h3>
An economy can be defined as a function of how the various means of production, money, and scarce resources (raw materials) are carefully allocated and used to facilitate the demand and supply of goods and services in a country, so as to meet the unending needs or requirements of consumers.
<h3>The five (5)
economic goals.</h3>
In Economics, there are five (5) main economic goals and these include the following:
- Full employment
- Economic growth
- Economic stability
- Equality
- Enhanced efficiency.
Basically, if a country wants the economy to be able to produce increasing quantities of goods and services, an economic goal which the country has is most likely an economic growth.
Read more on an economy here: brainly.com/question/1415898
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Answer:
16.7
Explanation:
Calculation for What is the variance of returns of the portfolio
First step is to calculate the mean
Mean = (20% + 25% + 30%) / 3
Mean =75% / 3
Mean = 25%
Now let calculate the variance of returns of the portfolio
Portfolio variance of returns = {(20 − 25)^2 + (25 − 25)^2 + (30 − 25)^2} / 3
Portfolio variance of returns=25+0+25/3
Portfolio variance of returns=50/3
Portfolio variance of returns= 16.7
Therefore the variance of returns of the portfolio will be 16.7
Answer: D
Explanation:
Not necessarily. As long as the company follows GAAP (IFRS or ASPE), the format and information should be the same. This is because the accounting standards requires firm to report financial information in a specific way.
