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2 years ago

Why does the US import so much from china?

Business

2 answers:

Zinaida [17]2 years ago

7 0

Answer

almost all factors are in china

Explanation:

bekas [8.4K]2 years ago

4 0

Almost all factors are in China

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Cullumber Company has the following balances in selected accounts on December 31, 2020.

wolverine [178]

Answer and Explanation:

The adjusting entries are shown below:

1. Interest expense [$11,400 × 9% × 4 ÷ 12] $342

To Interest payable $342

(being accrued interest expense is recorded)

2. Supplies expense [$2,200 - $820] $1,380

To Supplies $1,380

[Being supplies expense is recorded]

3. Depreciation expense $1,200

To Accumulated depreciation-Equipment $1,200

[Being depreciation expense is recorded]

4 Insurance expense [$3,960 × 7 ÷ 12] $2,310

To Prepaid insurance $2,310

[being insurance expense is recorded]

5 Unearned service revenue $7,000

To Service revenue $7,000

[Being revenue from unearned is recorded]

6 Accounts receivable $4,200

To Service revenue $4,200

[Being accrued service revenue is recorded]

7 Salaries expense [$5,400 × 3 ÷ 5] $3,240

To Salaries payable $3,240

[being accrued salaries expense is recorded]

4 0

2 years ago

A financial adviser has just given you the following advice: "Long-term bonds are a great investment because their interest rat

Nikolay [14]

Answer:

Explanation:

Long term bonds might not be great investments if the interest rate fall or even slide into negative value in the future. This means that the bond will become insignificant in value.

Cheers

3 0

3 years ago

Read 2 more answers

Tinker's cost of goods sold in the year of sale (2019) was $790,000 and 2018 cost of goods sold was $810,000. The inventory at t

gladu [14]

Answer:

91 days

Explanation:

Here, we are to calculate the average number of days it will take to sell its inventory in 2019.

We proceed mathematically as follows;

Inventory turnover=COGS/Average inventory

Average inventory=(192,000 + 202,000)/2=$197,000

hence inventory turnover=(790,000/197,000)= 4.01

hence average days to sell=365/4.01 =91 days (approx)

6 0

3 years ago

Larkspur Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $104,800 to m

Lady_Fox [76]

Answer:

First find the present value of the lease. Payments are constant and fixed so this is an annuity. As it is to be paid from the beginning, it is an Annuity due.

= Annuity * Present value interest factor of annuity due, 5 years, 7%.

= 37,400 * 4.3872

= $164,081

Date Account Details Debit Credit

Dec. 31, 2019 Lease Receivable $164,081

Cost of goods sold $104,800

Sales $164,081

Inventory $104,800

Date Account Details Debit Credit

Dec. 31, 2019 Cash $37,400

Lease Receivable $37,400

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2 years ago

For a given question to be considered an economic question, it must involve

Elena-2011 [213]

<span>it must include limited resources and making a choice.
Economy is the knowledge that teach us how to allocate limited resource in order to obtain as much value as possible.
To obtain that kind of value, it will involve making a choice after considering our situation, our capabilities, and our competitors</span>

6 0

2 years ago