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2 years ago

5

Suppose the value of the Mexican peso depreciates relative to the US dollar. How would this benefit people in the United States

or Mexico

1 answer:

Agata [3.3K]2 years ago

8 0

United States because it would help them

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Aggie Fitness began business in College Station, TX on June 1, 2018. At that time, the company collected $6,000 in advance payme

REY [17]

Answer:

b. $2,500, $3,500

Explanation:

Amount collected in advance will be recognized as a liability until the revenue is earned. Entries are posted between the cash account and deferred revenue account on collection of cash.

Given that he company collected $6,000 in advance payments from customers for 12-month gym memberships on June 1, 2018.

Debit Cash account $6,000

Credit Unearned revenue $6,000

After 7 months ( between 1 June and 31 December 2018),

Revenue earned = 7/12 × $6,000 = $3,500

On December 31, 2018,

Debit Unearned revenue $3,500

Credit Membership Revenue $3,500

Balance in unearned revenue accounts = $6,000 - $3,500 = $2,500

Balance in Membership revenue = $3,500

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3 years ago

Suppose you believe that Delva Corporation's stock price is going to decline from its current level of $82.50 sometime during th

Yakvenalex [24]

Answer:

B. $1,989.75

Explanation:

Cost of option (C) = $510.25

Option selling price (Po) = $85 per share

Share price when selling (Ps) = $60 per share

Number of shares (n) = 100 shares

Since the option allows you to sell shares that are valued at $60 for at $85 each, by selling 100 shares, your total earnings are:

$E=(P_o-P_s)*n\\E=(\$85-\$60*)100\\E=\$2,500$

To find the pre-tax net profit (P), subtract the amount paid for the options from your earnings:

$P=E-C= \$2,500-\$510.25\\P=\$1,989.75$

6 0

4 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.

7 0

3 years ago

You are thinking of building a new machine that will save you $ 2 comma 000 in the first year. The machine will then begin to we

Serga [27]

Answer:

Present Value= $18,181.82

Explanation:

Giving the following information:

Savings= $2,000

The machine will then begin to wear out so that the savings decline at a rate of 4 % per year forever.

Interest rate= 7%

To determine the present value of the savings, we need to use the perpetual annuity formula with the decline rate.

PV= Cf/ (i + g)

Cf= cash flow

PV= 2,000/ (0.07 + 0.04)

PV= $18,181.82

4 0

3 years ago

Growth tutorial: plato <br><br>how might the lack of this aspect of infrastructure affect health

Alenkasestr [34]

Answer:

how might the lack of this aspect of infrastructure affect health?

Infrastructure on its own is one way of development, ways at which lack of it will affect health include;

it will deter the link between rural areas and the urban area

lack of infrastructure will help to increase the chances of breeding parasites which affects health

lack of infrastructure also affects personal hygiene as lack of water and other basic amenities affects health greatly.

Explanation:

6 0

3 years ago

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