The amount of money you need to maintain in your account to avoid a fee is the?

Internal Stakeholders → Exhibition that is open to the public, usually requiring an entrance fee.

yanalaym [24]

Answer:

Explanation:

t

5 0

3 years ago

Read 2 more answers

Dan Watson started a small merchandising business in 2018. The business experienced the following events during its first year o

Jet001 [13]

Answer:

<u>Horizontal statemtent:</u>

Assets = Liabilities + Equity

1) 30,000 = 0 + 30,000

2) 18,000- 18,000 = 0 + 0

3) 17,000 = 0 + 17,000

+30,000 Financing

Operating

collected from customer 32,000

paid to suppliers (18,000)

net 14,000

total cash flow 44,000

Income statment

sales revenue 32,000

COGS (15,000)

income 17,000

Total assets: 47,000 (44,000 cash + 3,000 inventory)

Explanation:

assets:

1) +30,000 cash from common stock

2) 18,000 inventory - 18,000 cash = 0 effect on total assets

3) 32,000 cash - 15,000 inventory = 17,000

total assets: 30,000 + 17,000 = 47,000

8 0

3 years ago

National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds mature o

Jobisdone [24]

Answer:

The price of the bonds $483,841.97

Journal entry:

Dr cash $483,841.97

Dr discount on bonds payable $16,158.03

Cr bonds payable $500,000.00

Explanation:

Using a financial calculator, we determine the bond price by using the following inputs:

N=8(number of semiannual coupons in 4 years=4*2=8)

PMT=22500 (semiannual coupon=face value*coupon rate*6/12= $500,000*9%*6/12=$22,500)

I/Y=5(semiannual yield=10%%*6/12=5%)

FV=500000( the face value is $600,000)

CPT PV=$483,841.97

Bond discount=face value-bond price

Bond discount=$500,000-$483,841.97

Bond discount=$16,158.03

The double entries are to debit cash and discount on bonds payable with $483,841.97 and $16,158.03 respectively while bonds payable is credited with the face value of $500,000

8 0

3 years ago

Monopolistically competitive firms:

Annette [7]

Answer:

<h2>The correct answer here would be option a. given in the answer choices or earn a positive economic profit if price is greater than ATC(Average Total Cost).</h2>

Explanation:

Monopolistically competitive market is a particular type of market structure characterized by multiple number of firms producing and selling various differentiated products in the market.
Monopolistically competitive firms usually have higher pricing and market power than a perfectly competitive market structure but less than the purely monopolistic market structure with only one seller.
Since,the monopolistically competitive firms have limited market and pricing power as they sell differentiated products or services,they can evidently charge or set a price for their products or services greater than the Average Total Cost or ATC and earn positive economic profit in the market.
However,due to presence of partial market competition or rivalry, any economic profit earned by the firms in the short run would attract more number of firms to enter the market in the long run until the chance of probability of earning any further economic profit is completely diminished.

5 0

3 years ago

Which statement best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accou

Mrrafil [7]

The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules , The Last Statement describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accounting profession

Explanation:

In February 2017, the AICPA Executive board on Professional Ethics decided to suggest changes to the system of professional conduct requiring certain measures when members are aware of non-compliance with legislation or regulations related to their involvement or employment.

IESBA also created a structure for accountants to follow the IESBA Professional Accountants ' Code of Ethics–in particular the problem of the tension between sharing non-compatibility with appropriate people and keeping client or contractor knowledge confidential— while hearing of unlawful acts under the new standard. The application of this code has been called NOCLAR. The recommendation from the AICPA is largely in line with the IESBA system, but significant differences do remain.

8 0

3 years ago