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3 years ago

8

You put $500 in an interest-bearing bank account that pays 2% per year has a fee of two dollars per month. Are you getting ahead

?

1 answer:

Luda [366]3 years ago

5 0

2% of $500 = $10

$2 per month for a fee = $12 in fees

You ar losing $2 every year

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Evaluate Mark’s conduct using the Six Pillars of Character. Did Mark violate any rules in the AICPA Code? Should he be permanent

Schach [20]

Answer:

There are 3 cases

The First case

In this case, the six pillars of the ethical reasoning and characters are caring, responsibility, trustworthiness, citizenship, respect and fairness. Caring pillar requires making decision while taking other people into consideration. It requires the decision made to be kind and compassionate. At the time of making ethical decision it should be kept in mind that less harm should be caused. Responsibility pillar helps an individual to analyze that all the actions have some or the other consequences.

Explanation:

See attached images for the other two cases

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3 years ago

After making a sale, a seller may have customers that return goods. The seller uses the perpetual inventory system. This require

anyanavicka [17]

Answer:

D. All of the statements are correct.

Explanation:

The Seller requires to

Reduce its sales by the estimated return value and cost of goods sold by the estimated cost value of the units expected to return in the future.

Use historical data of sales and returns and calculate the value of expected return items.

After the estimation of values record the adjusting transaction for the estimated return liability and the inventory to be returna as well.

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2 years ago

Theresa’s Flower Garden has 750 bonds outstanding that are selling for $989 each, 2,500 shares of preferred stock with a market

Sidana [21]

Answer:

weight of preferred stock = 4.63 %

Explanation:

given data

Number of outstanding bonds = 750

selling price = $989 each

preferred stock = 2,500 shares

market price = $47 a share

number of common stock = 30,000

common stock valued = $56 share

solution

we first get here total market value that is express as

total market value = Number of outstanding bonds × selling price per bond + number of preferred stock × market price per share + number of common stock × par value per share ......................1

put here value and we get

total market value = 750 × $989 + 2,500 × $47 + 30,000 × $56

solve it we get

total market value = $2539250

and

here now we get weight of preferred stock that will be

weight of preferred stock = Total value of preferred stock ÷ total market value × 100 .........................2

put here value

weight of preferred stock = ( 2,500 × $47 ) ÷ $2539250 × 100

weight of preferred stock = 4.63 %

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3 years ago

On January 2, 20Y4, Whitworth Company acquired 40% of the

Gelneren [198K]

Answer:

Journal entries needed for:

a. Purchase of stock

b. Share of Aloof income

c. Dividend

d. Sale of Aloof company stock

a. Purchase of stock

Date Account Title Debit Credit

Jan 2, 20Y4 Investment in Aloof company $340,000

stock

Cash $340,000

b. Share of Aloof income

Date Account Title Debit Credit

Dec 31, 2024 Investment in Aloof company $72,000

stock

Income of Aloof Company $72,000

<u>Working:</u>

= 40% * 180,000 income

= $72,000

c. Dividend

Date Account Title Debit Credit

Dec 31, 2024 Cash $4,000

Investment in Aloof company $4,000

stock

<u>Working:</u>

= 40% * 10,000 dividend

= $4,000

d. Sale of stock

Date Account Title Debit Credit

Dec 31, 2024 Cash $405,000

Loss on sales of Aloof $3,000

company stock

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stock

<u>Working:</u>

Value of stock = Purchase price + share of Aloof income - Share of dividend

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= $408,000

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2 years ago

Explain the importance of the marketing function of promotion.

CaHeK987 [17]

Answer:it helps people business I guess

Explanation:

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3 years ago