Answer:
The correct option is D
Explanation:
Perpetual inventory is a method of accounting for inventory that records the sale of inventory immediately by the use of computerised point of sale systems.
What fact or facts support a situation where trade is advantageous?
B. II only
Paxson's retained earnings balance one year earlier on December 31, 2013 was $24,500.00
High risk, high returns. The higher the risk of an investment, the higher the returns or losses.
Speculative stocks investment is a high risk investment. It offers the possibility of earning substantial returns to compensate for its high risk profile.
Retirement plans are investments made in preparation for retirement. These investments have minimal risks compared to speculative stocks.
Property investments are low in risk but it is still subject to risk.
A-rated bonds are bonds that are credible and are expected to give a return to investors.
Based on my understanding, the correct order of investment from the least risky to the most risky is:
1) property
2) A-rated bonds
3) retirement plans
4) Speculative stocks.
Answer:
$306.67
Explanation:
The accrued interest is of 23 days which must be accounted for in the books of accounts.
The interest for 120 days = $80,000 * 6% * 120 / 360 = $1600
Now we will find interest for 23 days (July 31 MINUS 8 July).
Interest for 23 days = $1600 * 23 / 120 = $306.67
So the interest that has accrued at the end of the year is of 23 days and is $306.67.
