Answer:
D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The journal entry to record the merchandise return is shown below:
Account payable A/c Dr $1,500
To Merchandise inventory A/c $1,500
(Being returned inventory is recorded)
For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done
The net present value would be zero.
Hope this helped! :)
Answer: d. A price near $60
Explanation:
The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.
This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.
Answer:
Explanation:
Corruption is the misuse of power that have been entrusted, It is doing contrary .
Corruption leads to poverty - the state of been poor, lacking in important things. When resources available for masses is embezzled by some certain persons it makes others poor lacking in good thing.
Corruption leads to unsustainable growth and development. In a corrupt environment their is virtually no growth or slow growth rate, individual life's cannot be sustained become they lack resources and amenities.
