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Elan Coil [88]
2 years ago
8

Sage Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed

a long-term noncancelable purchase commitment with its largest supplier of this raw material on November 30, 2020, at an agreed price of $367,600. At December 31, 2020, the raw material had declined in price to $334,840. What entry would you make on December 31, 2020, to recognize these facts
Business
1 answer:
maks197457 [2]2 years ago
7 0

Answer:

Dr Unrealized Holding $32,760

Cr Estimated Liabilities $32,760

Explanation:

Preparation of What entry would you make on December 31, 2020, to recognize these facts

Based on the information given the Joi entry you would make on December 31, 2020, to recognize these facts will be :

December 31, 2020

Dr Unrealized Holding $32,760

Cr Estimated Liabilities $32,760

($367,600-$334,840)

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Anestetic [448]

Answer:

If the lender rate decline he will be worst of due to consumer buying behavior.

Explanation:

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3 years ago
The total of paul's taxable gifts, assuming he does not elect gift splitting with his spouse, subject to the unified transfer ta
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4 0
1 year ago
In its statement of cash flows issued for the year ending September 30, Berne Company reported a net cash inflow from operating
Dafna1 [17]

Answer:

B. $29,000

Explanation:

The cashflow from operating activities is calculated as below:

Cashflow from operating activities = Net income + Depreciation - Working capital investment

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Putting all the number together, we have:

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5 0
3 years ago
Briefly describe the trauma that is associated with GBV​
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Explanation:

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7 0
3 years ago
Suppose you forecast that the standard deviation of the market return will be 20% in the coming year. If the measure of risk ave
enyata [817]

Answer:

a) 16%

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c) Increase in expected market risk premium

Explanation:

Expected standard deviation of market return = 20%

measure of risk aversion ( A ) = 4

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= A * ( std ) ^2

= 4 * ( 20%)^2

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7 0
3 years ago
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