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Jet001 [13]
3 years ago
12

During the year ended June 30, 2020, Hopkins College, a private college, received a federal government grant of $800,000 for res

earch on the role of music in improving math skills for students. Expenses that were not capital in nature for this research amounted to $100,000 during the same year. Under FASB standards, which of the following best represents how Hopkins College would report this nonexchange transaction in the net assets section for the year ended June 30, 2020? Without Donor Restrictions With Donor Restrictions A. $ 0 $ 800,000 B. $ 0 $ 700,000 C. $ 100,000 $ 700,000 D. $ 800,000 $ 0 Multiple Choice Choice C. Choice D. Choice A. Choice B
Business
1 answer:
ratelena [41]3 years ago
8 0

Answer:

b

Explanation:

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The Dean Company has sales of $500,000, and the break-even point in sales dollars of $300,000. What is the company’s margin of s
postnew [5]

Answer:

40%

Explanation:

The Dean company have a sales of $500,000

The break-even point in sales dollar is $300,000

Therefore, the company's margin of safety can be calculated as follows

Margin of safety= Sales-break-even sales/sales

= $500,000-$300,000/$500,000

= $200,000/$500,000

= 0.4×100

= 40%

Hencethe company's margin of safety percentage is 40%

4 0
3 years ago
Bella is looking into getting an apartment that costs $800 per month. How much does she need to make per year in order to comfor
Andreyy89
$41,600
 is the correct answer
please give brainliest

4 0
3 years ago
On January 1, 2019, Stronger Industries issued $480,000 of 9%, five-year bonds that pay interest semiannually on June 30 and Dec
Katena32 [7]

Answer:

Journal Entry to record the first interest payment

June 30, 2019

Dr. Interst Expense $19,979.32

Dr. Premium on Bond $1,620.68

Cr. Cash $21,600

Explanation:

First, we need to calculate the premium on bond amortization as follow

Premium on bond amortization = Coupon Payment - Interest Expense

Premium on bond amortization = ( $480,000 x 8% x 6/12 ) - ( $499,483  x 8% x 6/12 )

Premium on bond amortization = $21,600 - $19,979.32

Premium on bond amortization = $1,620.68

4 0
3 years ago
Use the following information about the current year's operations of a company to calculate cash provided by operations.Net inco
NikAS [45]

Answer:

Cash from operations:

Net income                                   $100,000

Depreciation Expense                       6,000  

Decrease in Accounts Payable        (5,000)

Increase in Accounts Receivable     (4,000)

Increase in Merchandise Inventory (8,000)

Decrease in Salaries Payable          (2,000)

Cash from operations                   $87,000

Explanation:

a) Data and Calculations:

Net income $ 100,000

Decrease in Accounts Payable 5,000

Increase in Accounts Receivable 4,000

Increase in Merchandise Inventory 8,000

Decrease in Salaries Payable 2,000

Depreciation Expense 6,000

Not an operating activity:

Gain on Sale of Machinery 2,000

b) The gain on the sale of machinery is not an operating activity or a cash flow item.  Cash inflow is recorded when there is a sale of the machinery  and as an investing activity.  Increase in current assets (except cash) are uses of fund together with decreases in current liabilities.

5 0
3 years ago
What time frame is stock investment appropriate for
Ahat [919]
When the market is low. And prices are right. Cause i invest in silver and i buy when silver is low and then sell when its high.
I cant tell you what to invest in however.
Hope this helps.
4 0
3 years ago
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