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2 years ago

6

A decision strategy is a sequence of decisions and chance outcomes, where the decisions chosen depend on the yet to be determine

d outcomes of chance events.
a. True
b. False

1 answer:

jasenka [17]2 years ago

6 0

Answer:

false is the correct answer

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Suppose Kendall's had cost of goods sold during the year of $ 260 comma 000. Beginning merchandise inventory was $ 20 comma 000

kiruha [24]

Answer:

Inventory turnover = 9.45

Explanation:

Inventory turnover is defined as the ratio between Cost of good sold and average inventory.

Average inventory is defined as follows, where BI = Beginning merchandise inventory and EI = Ending merchandise inventory:

$Average Inventory = \frac{BI + EI}{2}$

$Average Inventory=\frac{20000+35000}{2}=27500$

then:

$Turnover = \frac{260000}{27500} \\Turnover = 9.45$

6 0

2 years ago

The following types of contracts should be in writing: Contracts involving interests in land. Contracts that cannot, by their te

puteri [66]

Answer:

Contracts required in writing

Explanation:

Contracts that required to be in writing to be enforceable. These contracts are never orally agreed and there is no value of such oral contracts. The contact and promise made by executor to pay debt, promises in consideration of marriage, Sale of goods priced $500 or more should be in writing.

8 0

3 years ago

Treasury Stock Pomona Corporation issued 60,000 shares of $3 par value common stock at $21 per share and 9,000 shares of $30 par

In-s [12.5K]

Answer:

Issuance

Common Stock

Dr. Cash $1,260,000

Cr. Common Stock $180,000

Cr. Paid-in-Capital excess of par common stock $1,080,000

Preferred Stock

Dr. Cash $765,000

Cr. Preferred Stock $270,000

Cr. Paid-in-Capital excess of par Preferred stock $495,000

Treasury Stock Purchase

Dr. Treasury Stock $46,000

Cr. Cash $46,000

Explanation:

Common Shares are issued at a specified price, we need to record the par value of the share in common stock account and The value excess of par in the Paid-in-Capital Excess of par common stock separately.

Issuance of 60,000 shares

Par value = $60,000 x 3 = $180,000

Excess of par value = ($21 - $3 ) x 60,000 = $1,080,000

Preferred stock has also recorded same as the common but in different accounts

Par Value = 9,000 x $30 = $270,000

Excess of par value = ($85 - $30) x 9,000 = $495,000

Treasury stocks are the company's own shares which is repurchased by the company. It is recorded in treasury shares account which is an contra equity account. I can be reissued or cancelled by the company.

Purchase of Treasury Stock

Treasury Stock = 2,000 x $23 = $46,000

5 0

3 years ago

Which of the following would be considered to be the most liquid? small time deposits savings deposits checkable deposits money

Nikitich [7]

Answer:

Checking Accounts

Explanation:

Now lets break this down so you can understand more clearly.

Liquidity simply means the ability to convert any asset in to cash easily.

Small Time Deposits: in USA, small deposits are deposits under $100,000 and "small time" means they are generally deposited for a limited time. like a year or for a quarter. They are liquid, but not as much as Checking accounts.
Checking Accounts: The are designed to support in carrying out daily transactions and are almost equal to "money (cash in hand)". No interest is paid on the balance of these accounts. Moreover, you can use Cheques to do transactions as well.
Money Market Mutual Funds: Mutual funds that invest in low risk debt securities such as Treasury Bills and Commercial Papers.
Savings Accounts: These are deposits made in the intention of saving and bears a descent interest rate too. They are highly liquid too, as you can withdraw cash anytime you want. Yet compared with the Checking Accounts, not so much.

But remember, all the things you've mentioned here has a good liquidity. Checking Account is just "Super" liquid.

7 0

2 years ago

Examples of comparative advantage show how trade between two countries can make each better off. Compared to their pre-trade pos

Vika [28.1K]

Answer:

The correct answer is option B.

Explanation:

Comparative advantage refers to the situation when a nation or individual is able to produce a good or service at a comparatively lower opportunity cost. The nation is said to specialize in the good or service it can produce at a lower opportunity cost.

Trade through specialization helps both the nation involved in the trade to consume more. Each nation produces more of the good it specializes in and exchanges it for the good it does not specializes in.

In this way, both of them are able to consume beyond their production possibility curves.

3 0

3 years ago