Categories such as education and household size represent which of the following?

Van, a friend of yours from high school, recently called. He asked if you could explain to him how the value of his portfolio wo

12345 [234]

Answer:

Van is asking about Investment area of finance.

Explanation:

The developments reported can affect the market sentiments generally.
The service provided by the Finance professional to his investor friend in the given context is advice regarding Investments.
A investment is a resource or thing gathered fully intent on creating pay or acknowledgment.
In a monetary viewpoint, a venture is the acquisition of merchandise that are not devoured today however are utilized in the future to produce abundance

Learn more about investment, refer :

brainly.com/question/14847954

6 0

3 years ago

Trevor Guerney is a manager who believes that those who are to be affected by a change must be involved in the change. Consequen

ollegr [7]

Answer:

Explanation:

Trevor's team has positive leader-member relations

3 0

3 years ago

Recording Transactions Using Journal Entries and T-Accounts Receive $40,000 cash in exchange for common stock. Purchase $4,000 o

Paladinen [302]

Answer:

a. See the explanation below for the journal entries.

b. each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a zero ending balance.

Explanation:

a. Recording Transactions Using Journal Entries

The journal entries will look as follows:

Accounts Name Dr ($) Cr ($)

Cash 40,000

Common stock 40,000

(To record cash receipts for common stock.)

Inventory 4,000

Accounts payable 4,000

(To record inventory purchase.)

Account receivable 6,000

Sales 6,000

(To record credit sales.)

Cost of sales 4,000

Inventory 4,000

(To record cost of sales.)

Cash 3,000

Account receivable 3,000

(To cash collected from credit sales.)

Equipment 10,000

Note payable 10,000

(To record purchase of equipment by issuing note.)

Wages 2,000

Cash 2,000

(To record wages paid in cash.)

Note payable 10,000

Cash 10,000

(To record note due paid.)

Dividend 4,000

Cash 4,000

(To record cash dividend paid.)

b. Recording Transactions Using T-Accounts

Note: See the attached excel file for the T-Accounts.

From the attached excel file, each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a no or zero ending balance.

Download xlsx

8 0

3 years ago

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita

kondaur [170]

Answer: The statement is TRUE.

Financial intermediaries are those people or companies that offer financial services to the investor without the latter having to contact the issuer of the financial instrument.

Its function is that of intermediation between people who save and people who need financing, that is, between buyers and sellers.

4 0

3 years ago

Horner Construction Co. uses the percentage-of-completion method. In 2014, Horner began work on a contract for $16,500,000; it w

Leno4ka [110]

Answer:

2014 = zero

2015 = $6,450

Explanation:

2014

Under the completed-contract method of accounting, revenue, expenses, and gross profit is deferred until the completion of the contract. If at the end of the business fiscal year of a company work on a contract remains incomplete, no revenue, expenses, and profit on that contract is recognized in the current year on the income statement; all costs and billings are accumulated in respective balance sheet accounts.

2015

This year, the construction is completed so Horner Construction Co. will now recognize its Revenue and gross profit in relation to the project.

Contract price $16,500,000

Less: constructions costs 10,050,000

Gross profit $6,450,000

* construction cost = ($5,850,000 + $4,200,000)

8 0

3 years ago