Where do charts get the data series names?

On December 31, 2019, the unadjusted credit balance of the Allowance for Overvaluation of Inventories: Hope Branch ledger accoun

Zigmanuir [339]

Answer:

Journal entries

Date Particulars Debit Credit

31, Dec 19 Investment in Branch Office $132,000

To Inventories $110,000

To Allowance for Overvaluation of $20,000

Inventories

31, Dec 19 Profit and loss $18,400

To Investment in Branch Office $18,400

31, Dec 19 Allowance for Overvaluation $10,000

of Inventories

To Realized Gross Profit: Branch Sales $10,000

Workings

1. Unrealized Inter-company Inventory Profit = (132,000/120) * 20 = $22,000

Shipment to Branch = 132,000 - 22,000 = $110,000

2. Unrealized Inter-company Inventory Profit = (60,000/120) * 2 = $10,000

5 0

2 years ago

What did president hoover do to devise strategies for improving the economy?

olga nikolaevna [1]

The above answer is definitely correct in its details. I'd just like to emphasize a couple of important ideas about Hoover's response.

<span>He tried to do more to fix the economy than any president had ever done before. The government had been very hands-off up to that point.He believed the government should not go in debt no matter what. This limited what he was willing to do. Please note that economists back then agreed with this idea so it's not like Hoover was just being mean. In fact, FDR believed the same thing and it's often said that he undermined the New Deal by trying to balance the budget too soon.</span>

So, overall what I want to point out is that Hoover did more than anyone else, and he did what most economists of the time would have said was the right thing to do. But it didn't work and so he's seen as one of the worst presidents ever, which seems a bit unfair.

7 0

3 years ago

Life insurance companies tend to invest in long-term assets such as loans to manufacturing firms to build factories or to real e

andriy [413]

Answer:

The answers are:

automobile insurers
life insurance companies
a life insurance policy
longer
longer-term

Explanation:

When a company may need money in a short notice (like auto insurers), they will need to make liquid investments. That means that they can turn their investments into cash very rapidly. Since T-bills are traded all the time, they are very liquid investments, although they aren't very lucrative investments.

On the other hand, companies that know that they will not be needing a lot money promptly (life insurance), can afford to invest in projects with a longer life span that can be more profitable also. Usually liquid investments have smaller rates of return, while long term investments have higher rates of return.

4 0

2 years ago

TB MC Qu. 08-152 Minor Company installs a machine... Minor Company installs a machine in its factory at the beginning of the yea

Neko [114]

Answer:

The correct answer is "$54000".

Explanation:

According to the question,

Annual depreciation rate will be:

= $\frac{100 \ percent}{5}$