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2 years ago

You must complete parts 1, 2, 3, 4, 6, 7 and 8 before attempting to complete part 9. Part 5 is optional.

Business

1 answer:

Crank2 years ago

4 0

Answer:

Sales (Dr.) $45,000

Income Summary (Cr.) $45,000

Income summary (Dr.) $63,900

Advertising Expense (Cr.) $1,200

Rent expense (Cr.) $5,600

Office Supplies Cost (Cr.) $9,800

Insurance Expense (Cr.) $7,000

Sales Returns (Cr.) $2,900

Interest Expense (Cr.) $3,200

Cost of Goods sold (Cr.) $27,500

Selling and administrative expense (Cr.) $6,700

Income Summary (Dr.) $250,000

Capital investment (Cr.) $ 250,000

Explanation:

Closing entries are prepared to close business transactions that occurred during the month. These transactions are closed with a contra account of Income Summary. All debit balance are credited with a debit of Income summary account and vice versa. the temporary account balances are reset to zero after closing entries are passed.

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an invesment adviser i slooking to offer advisory services to new clients. which statement is true regarding delivery of form ad

dolphi86 [110]

Answer:

B) They must be delivered regardless of whether the individual becomes a client of the investment adviser

Explanation:

The North American Securities Administrators Association (NASAA) requires investment advisers to deliver the Brochure (Form ADV Part 2A) and the Brochure Supplement (Form ADV Part 2B) to any prospective client they seek. Both the Brochure and the Brochure Supplement must be delivered within 48 hours of contacting the prospective client.

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3 years ago

Which of the following is a financial crisis? A. Rebellion in Mexico and the assassination of a presidential candidate shook i

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Answer:

C. As the year 2000 approached, investors became wary of computer programs that might not be able to handle the changing century, causing investors to panic and sell and sending stock prices plummeting.

Explanation:

im sorry if im wrong i did some reasearch and that what i found

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3 years ago

A corporation issued $600,000, 10%, 5-year bonds on January 1, 2017 for $648,666, which reflects an effective-interest rate of 7

VashaNatasha [74]

Answer:

correct option is a. $617,911

Explanation:

given data

issued = $600,000

rate = 10 %

time 5 year

amount = $648,666

effective-interest rate = 7%

solution

we get here carrying value so first we get here Interest paid per semiannual period that is

Interest paid per semiannual period = $600000 ×10% × $\frac{6}{12}$

Interest paid per semiannual period = $30000

and

Interest expense on 30 June = $648666 × 7% × $\frac{6}{12}$

Interest expense on 30 June = $22703

and

Interest expense on 30 December = $641369 × 7% × $\frac{6}{12}$

Interest expense on 30 December = $22448

Interest expense on 30 June = ($641369 - $7552) × 7% × $\frac{6}{12}$

Interest expense on 30 June = $22184

and

Interest expense on 30 December = ($633817 - $7816) × 7% × $\frac{6}{12}$

Interest expense on 30 December = $21910

so as that we get Carrying value of 1st January that is

Carrying value of January 1 = $633817 - $7816-8090

Carrying value of January 1 = 617911

so correct option is a. $617,911

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3 years ago

Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus. The n

goldfiish [28.3K]

Answer:

The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences

Explanation:

Gold standard is a monetary stem that links the value of paper money to gold.This system were used to balance income differences between countries. Countries with a balance of payments surplus would receive gold inflows, while countries in deficit would experience an outflow of gold

Here, Gold is the standard for International balance of payments differences.

Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus.

The nation with a trade surplus has a swell in the money supply, which leads to price increases. At the same time, the nation with a reduction in the money supply will cause prices to fall.

The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences.

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3 years ago

Type the correct answer in the box. Spell all words correctly.

Cerrena [4.2K]

Explanation:

Donna is going to engage in

buying <u>raw materials</u>?

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2 years ago