Answer:
Karen must recognize income of $20,000 in 2019 and $500 in 2020
Explanation:
Accrual basis of accounting states that income must be recognized in the period when it is earned and expenses must also be recognized when it is incurred.
Therefore, since the goods was sold in December 2019 and $500 interest was paid with the principal in April 2020, Karen must recognize income of $20,000 in 2019 and $500 in 2020.
Answer:
Option (B) is correct.
Explanation:
Given that,
Selling price per unit = $48
Desired profit margin on sales = 12.5%
Flyer’s current full cost for the product = $44 per unit
Profit = Selling price × profit margin
= $48 × 12.5%
= $6
Target cost of unit = Selling price - Profit
= $48 - $6
= $42
Answer:
Unloading the dishwasher is an example of a two-minute action task. The correct answer should be A
Answer:
The client should be tested for <em>Diabetes insipidus (DI)</em>
Explanation:
Literally, Diabetes insipidus (DI) is an uncommon disorder that causes an imbalance of fluids in the body. It is a rare condition that causes the body to make a lot of insipid urine. Alongside with lots of urination, this condition is characterized by an increased thirst.
<em>Other symptoms are</em>
- Dry skin.
-
Constipation.
- Weak muscles.
- Bedwetting.
It is most likely that the client's kidneys can no longer concentrate the urine normally, hence; the reason why large amount of dilute urine is excreted.
If left untreated, diabetes insipidus can lead to brain damage and poor growth.
Answer:
the beta of the second stock is 1.77
Explanation:
The beta of the second stock is shown below;
Investment in each = (1 ÷ 3)
Now as we know that
Portfolio beta = Respective investments × Respective weights
1 = (1 ÷ 3 × 1.23) + (1 ÷ 3 × beta of the second stock) + (1 ÷ 3 × 0)
We assume the Beta of risk-free assets would be zero
1 = 0.41 + (1 ÷ 3 × beta of the second stock)
The beta of the second stock is
= (1 - 0.41) × 3
= 1.77
Hence, the beta of the second stock is 1.77
