Answer:
The break-even point measured in sales dollars is $8
Answer: purchase foreign currency in order to purchase a U.S. treasury bond.
Explanation:
Currency convertibility has to do with the degree in which the domestic currency of a particular country can be converted into the currency of another country.
Therefore, a citizen in a developing country with a currency policy of convertibility on the current account could engage in the purchase foreign currency in order to purchase a U.S. treasury bond.
The process being employed in the scenario above is called
quality control. This is a system being used in means of maintaining standards
with the use of testing out samples or products in order to check and maintain
the standards that has been implemented.
Answer:
Explanation:
Year-end plan assets were $4,250,000
At the beginning of the year, plan assets were $3,974,000
So Actual Return on Plan Assets = (4,250,000 - 3,974,000) - (420,000 - 365,000)
Actual Return on Plan Assets = 276,000 - (55,000)
Actual Return on Plan Assets = 221,000
Answer:
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).
Explanation:
Given;
Insurance policy was purchased on July 10 to run for 3 years.
Cost of policy = $72,000
Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)
Monthly depreciation = $72,000/(3 × 12)
= $2,000
Total amortization between August and December = 5 × $2,000
= $10,000
Journal entries
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).