Answer:
$2,800
Explanation:
<u>REVENUE</u>
Revenue $11,000
Add:
B. Revenue earned but not yet billed = $2,800
D. Unearned revenue noe earned =<u> $2,500 </u> <u> $5,300 </u>
Total Adjusted Revenue <u> $16,300 </u>
<u>EXPENSES</u>
Expenses $11,000
Add:
A. Depreciation for February = $1,200.
C. Accrued interest expense = $800
E. Prepaid insurance =<u> $500 </u> <u> $2,500 </u>
Total Adjusted expenses <u> $13,500 </u>
Correct net income = Total Adjusted Revenue - Total Adjusted expenses
= $16,300 - $13,500
= $2,800
Answer:
The correct answer is A. Test.
Explanation:
A test is different from an experiment: Before performing a test, there is an expected result. The test is performed to show this result. In an experiment, the result is open. Very often, tests are performed as part of an experiment.
Answer: The correct answer is "a. May not do this since it violates federal securities laws".
Explanation: The registered representative: May not do this since it violates federal securities laws.
As much as the registered representative has the approval of a company director or FINRA, he cannot underline the most important facts found in a preliminary prospectus because he would go against federal securities laws.
Answer:
The recognized gain or loss of Bud is $2,000
Explanation:
The aggregate market value is computed as:
Aggregate market value = Fair market value + Cash
= $28,000 + $2,000
= $30,000
The recognized loss or gain of Bud is computed as:
Recognized gain or loss = Aggregate market value - Fair market value
= $30,000 - $28,000
= $2,000
So, it is a gain of $2,000
Answer: Raise additional capital by selling fixed Interest rate long term bonds
Explanation:
A firm can finance it's operations through equity or debts, the art of a firm financing it's operations through debts like bonds etc it's refered to as financial leverage.
A firm cannot increase it's financial leverage by selling common stock, neither through buying stock from his cash and financial leverage does relate with asset turnover.