Answer:
The journal entry to record the contract on November 1, 2018 includes: credit to Accounts Receivable for $162000
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. On November 1, 2018, Cullumber Farm had to pay $162,000 in advance to John Deere. John Deere recorded the cash receiving by the entry:
Debit Cash $162,000
Credit Accounts Receivable $162,000
The company did not record revenue because they did not sell the harvester. This was only the advance payment.
Answer:
E) Export barriers may need to be imposed by the WTO to help regulate the actions of multinational companies.
Explanation:
The World Trade Organization's (WTO) whole purpose is to increase world trade, foster globalization and reduce trade barriers. As stated by the WTO itself <em>"The goal is to ensure that trade flows as smoothly, predictably and freely as possible."</em>
So the WTO will not impose any type of export or import barrier.
It is B: what to do in case of a fire
Full question attached
Answer:
B. Choose investment A
Explanation:
Looking at the investment cash flows for the four years, investment A maximises the shareholders wealth mostly because it covers cost of investment quicker than other investments B, C and D. It begins with the highest cash flow return, for first and second year therefore pay back period is lower with investment A. Also net present value is higher.
