All categories

3 years ago

A fruit fly is classified as a consumer rather than as a producer because it is unable to

1 answer:

5 0

<span>Synthesise food. Producers are plants who can synthesize food with the help of sunlight and chlorophyll. Plants convert carbondioxide to carbohydrate through a process called photosynthesis. A fruit fly cannot synthesize food because it lacks chlorophyll. They depend upon plants for food and hence known as consumer.</span>

You might be interested in

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year

lina2011 [118]

Answer:

15%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Year Cash Flow

0 -$27,100

1 $11,100

2 $14,100

3 $10,100

The formula to compute IRR is

= IRR()

After applying the above formula, the internal rate of return is 15%

4 0

4 years ago

Appropriation to retained earning is

jenyasd209 [6]

Are the sum of a company's profits, after dividendpayments, since the company's inception. They are also called earned surplus, retained capital, or accumulated earnings.

(EXAMPLE):

Let's assume Company XYZ has been around for five years. During this time, it reported the following net income:

Year 1: $10,000
Year 2: $5,000
Year 3: -$5,000
Year 4: $1,000
Year 5: -$3,000

Assuming Company XYZ paid no dividends during this time, XYZ's retained earnings equal the sum of its net profits since inception, or in this case, $8,000. In subsequent years, XYZ's retained earnings will change by the amount of each year's net income, less dividends.

The retained earnings statement summarizes changes in retained earnings for a fiscal period, and total retained earnings appear in the shareholders' equity portion of thebalance sheet. This means that every dollar of retained earnings means another dollar of shareholders' equity ornet worth.

A company's board of directors may apprompany's retained earnings when it want to restrict dividend distributions to shareholders. Appropriations are usually done at the board's discretion, although bondholders and other circumstances may contractually require the board to do so. Appropriations appear as a special account in the retained earnings section. When an appropriation is no longer needed, it is transferred back to retained earnings. Because retained earnings are not cash, a company mayfund appropriations by setting aside cash or marketable securities for the projects indicated in the appropriation.

Why its important

It is important to understand that retained earnings do not represent surplus cash or cash left over after the payment of dividends. Rather, retained earnings demonstrate what a company did with its profits.

3 0

4 years ago

Read 2 more answers

Who did the IAB ask for ideas about how people should behave on the Internet?

Rama09 [41]

Answer:

Explanation:

4 0

4 years ago

Read 2 more answers

On January 1, 2020, Oriole Company purchased 12% bonds, having a maturity value of $320,000 for $344,260.74. The bonds provide t

n200080 [17]

Answer:

face value $320,000, coupon rate 12%

current market value $344,260.74, effective interest rate 10%

maturity in 5 years, coupon paid yearly

(a) Prepare the journal entry at the date of the bond purchase.

Dr Investment in bonds (AFS) 320,000

Dr Premium on investment in bonds (AFS) 24,260.74

Cr Cash 344,260.74

(b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2020.

unamortized premium = ($320,000 x 12%) - ($344,260.74 x 10%) = $38,400 - $34,426.07 = $3,973.93

Journal entry to record accrued interests:

Dr Interest receivable - investment in bonds (AFS) 38,400

Cr Interest revenue 34,426.07

Cr Premium on investment in bonds (AFS) 3,973.93

Journal entry to record recognition of fair value 2020

fair market value $342,000 - $340,286.81 (carrying value) = $1,713.19

Dr Fair value adjustment - equity 1,713.19

Cr Unrealized gain on investment in bonds bonds (AFS) 1,713.19

unamortized premium = ($320,000 x 12%) - ($340,286.81 x 10%) = $38,400 - $34,028.68 = $4,371.32

fair market value $329,700 - carrying value $335,915.49 = -$6,215.49

Dr Unrealized loss on investment in bonds bonds (AFS) 6,215.49

Cr Fair value adjustment - equity 6,215.49

6 0

3 years ago

When tariffs are imposed, the losers include domestic consumers and the domestic government. foreign consumers and domestic prod

Maslowich

<span>When tariffs are imposed, the losers include domestic consumers and foreign producers. A tariff is a tax that is imposed on different imports or exports. When these taxes are added the consumers wanting to purchase the item are going to pay more for it because of the added tax. This also hurts foreign producers because their products cost more for those in the country they are being imported into making some people want to stay away from purchasing the item. </span>

6 0

3 years ago