Cion 3

A Advantages of Product Added Mothed Accounting in National income

Ganezh [65]

It is determined by subtracting the value of the output from the value of the intermediate goods. As double counting, a severe mistake when estimating national income, is concerned, the value-added approach is a widely utilized method for computing national revenue.

A mistake known as double counting in accounting occurs when a transaction is counted more than once for any reason. But when an attempt is made to quantify the new value produced by Gross Output or the value of all investments, it also alludes to a conceptual issue in social accounting practice.

A mistake known as double counting in accounting occurs when a transaction is counted more than once for any reason. But when an attempt is made to quantify the new value produced by Gross Output or the value of all investments, it also alludes to a conceptual issue in social accounting practice.

Learn more about double counting here

brainly.com/question/1098565

#SPJ9

6 0

2 years ago

An investment adviser has a soft dollar arrangement with DEF Brokerage Company. An investment adviser representative brings a bi

juin [17]

Answer:

The remaining part of the question:

Which statement is TRUE?

A. Because the payment received by the IAR is small, there is no requirement to notify the client of the payment arrangement with the executing broker

B. Because the client has an investment objective of aggressive growth, requiring an active trading strategy, there is no requirement to notify the client of the payment arrangement with the executing broker

C. The IAR must notify the client of the payment arrangement with the executing broker

D. The IAR must notify RIA of the payment arrangement with the executing broker

Correct Answer:

C. The IAR must notify the client of the payment arrangement with the executing broker .

Explanation:

7 0

3 years ago

Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45. The cost of the merchandise sold is $38,500.

Wewaii [24]

Answer:

Sampson Company

Dr Accounts Receivable -Batson Co.45,080

Cr Sales 45,080

Dr Cost of Merchandise Sold38,500

Cr Merchandise Inventory38,500

Dr Cash 45,080

Cr Accounts Receivable-Batson Co.45,080

Batson Company

Dr Merchandise Inventory45,080

Cr Accounts Payable - Sampson Co.45,080

Dr Accounts Payable -Sampson Co.45,080

Cr Cash45,080

Explanation:

Preparation of the Journal entries for both Sampson and Batson Companies would record

Based on the information given we were told that Sampson Company sold merchandise to Batson Company At the amount of $46,000 with 2/15 term while the merchandise was sold at the amount of $38,500 and since we are Assuming that both of them uses a perpetual inventory system this means the transaction will be recorded as:

Journal Entries for Sampson Company

Dr Accounts Receivable -Batson Co.45,080

Cr Sales 45,080

(2%*46,000=920)

(45,000-920=45,080)

Dr Cost of Merchandise Sold38,500

Cr Merchandise Inventory38,500

Dr Cash 45,080

Cr Accounts Receivable-Batson Co.45,080

Journal Entries for Batson Company

Dr Merchandise Inventory45,080

Cr Accounts Payable - Sampson Co.45,080

(2%*46,000=920)

(45,000-920=45,080)

Dr Accounts Payable -Sampson Co.45,080

Cr Cash45,080

(2%*46,000=920)

(45,000-920=45,080)

6 0

3 years ago

What’s a commercial bank most likely going to do with your money when you deposit it?

sasho [114]

Answer:

keep it in-store and safe until you take some out and if it's there for a while ( like after a year or 2) they could take out a dollar each week or 5 dollars a month for the space you're taking up

8 0

3 years ago

Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%, $100 par value cumulative preferred stock o

Alex787 [66]

Answer:

The divided for common stockholders is $152000

Explanation:

The preferred stock is cumulative whch means any arrears in preference dividend will be paid whenever the dividend is declared.

The amount of yearly preference dividends is = 12000 * 100 * 0.07 = 84000

Thus, when 320000 cash dividend is declared, 2 years ( current year and arrear year) preference dividend will be paid first and the remaining will be distributed among common stock holders.

The dividedn for common stockholders is 320000 - (84000 * 2) = $152000

4 0

3 years ago