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2 years ago

5

Select the correct answer. You are reading product reviews posted online by consumers. Which external information source are you

using?
A. company website
B. Industry website
C. social media
D print media
E. consumer report

1 answer:

joja [24]2 years ago

8 0

consumer reports

_______________

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Nirav just opened a savings account paying 2 percent interest, compounded annually. After four years, the savings account will b

nlexa [21]

Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.

<h3>What is a saving account?</h3>

An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.

The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.

Learn more about the interest, refer to:

brainly.com/question/1040694

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3 0

2 years ago

Which of the following is an accounting procedure that (1) estimates and reports bad debts expense from credit sales during the

Murljashka [212]

Allowance method of accounting for bad debts .

Option - B

<u>Explanation: </u>

The financial accounting term payments method refers to a system that is unplayable and records a bad debt expenditure estimate in the same period of accounting as the purchase. The deduction is used to adjust the cash flow accounts receivable.

The payment method is a better solution to the direct payment method because it is in line with the matching accounting theory.

Bad debts expenses are recognized soon since bad debts are likely and can be estimated to a fairly precise degree so that they meet the criteria necessary to recognize predicated losses and recognize the costs of bad debts.

7 0

3 years ago

2. Lereve Company has recorded the following information about the results of its operations for the fourth quarter: Sales reven

Pepsi [2]

Answer:

Lereve Company

Segmented Income Statement for the fourth quarter:

Total Company Western Division Eastern Division

Sales revenues $200,000 $80,000 $120,000

Variable cost of sales 60,000 30,000 30,000

Contribution $140,000 $50,000 $90,000

Fixed costs:

Common $100,000 $25,000 $75,000

Traceable 50,000 20,000 30,000

Net Income (Loss) ($10,000) $5,000 ($15,000)

The results show that the Eastern Division made a net loss of $15,000 and the Western Division raked in a net income of $5,000, which resulted in the company-wide net loss of $10,000. This loss could be traced to the allocated common fixed costs of the division, because its contribution to fixed costs was substantial and better than the Western Division's.

Explanation:

When the results of the operations of a divisional company like Lereve Company are prepared in segmental form, the performance pictures become clearer. Management is enabled to focus on the segments or the factors that are generating the loss to the company. Perhaps, as in this case, the problem may not be with the division, but the allocation of fixed costs to the divisions. It can still be traced to the company as a whole, since it is generating much more fixed costs than it could afford from its revenue.

3 0

3 years ago

Sheffield Inc. has outstanding 13,100 shares of $10 par value common stock. On July 1, 2017, Sheffield reacquired 113 shares at

Svetradugi [14.3K]

Answer:

The journal entries for the given economic events are given below:

Date Account Title Debit Credit

7/1/17 Treasury Stock (113 X $88) 9,944

Cash 9,944

9/1/17 Cash (62 X $94) 5,828

Treasury Stock (60 X $88) 5,280

Paid-in Capital from

Treasury Stock 548

(Paid in capital from Treasury Stock = 5828 - 5280 = 548)

11/1/17 Cash (51 X $86) 4,386

Paid-in Capital from

Treasury Stock 102

Treasury Stock (51 X $88) 4,488

(Paid in capital from Treasury Stock = 4488 - 4386 = 548)

3 0

3 years ago

6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transa

jekas [21]

Answer:

a.

The quality of goods available to consumers
The costs of air and water pollution
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

b. investment; decreases; no overall change

Explanation:

a. GDP only measures goods that have monetary value so when a good cannot be properly quantified in terms of cash, it is difficult to account for it in GDP. Also, even if the good has monetary value for the Government was unaware of it, they will be unable to use it in the calculation of GDP.

For these reasons, the quality of goods available to consumers, the costs of air and water pollution and the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government will not be a part of GDP calculation.

b.<em> When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the </em><em><u>investment</u></em><em> component of GDP while also </em><em><u>decreasing</u></em><em> net exports by the same amount. Therefore, the purchase of wood from Brazil causes </em><em><u>no overall change </u></em><em>in US GDP. </em>

Purchasing raw materials for use in production is considered Investment by GDP. However, since it was imported it will reduce Net Exports which means that the transaction would cancel itself out in the GDP calculation as it would both increase investment and decrease Net exports by the same amounts.

8 0

3 years ago