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3 years ago

Financial markets have the ultimate purpose of:________

Business

1 answer:

Softa [21]3 years ago

7 0

Answer:

Financial markets have the ultimate purpose of:

C. Bringing several parties together in order to engage in buying, selling, and trading activity of financial assets

Explanation:

A financial market is a platform that brings several parties together in order to engage in buying, selling , and trading activity of financial assets. It generally offers an opportunity to investors in financial assets to either buy or sell the assets. Some examples of financial assets include; securities, bonds, stocks, and currency.

In capitalistic economies where there is high competition, the access of financial assets play a major role in ensuring that such economies run smoothly. Financial markets make it is for companies to trade their financial assets in an easy and fast manner. It also provides more accessibility to borrowers and also give an opportunity to the lenders to earn some interest on their money.

Financial markets involve the buying and selling of various financial assets and thus there is need for transparency to ensure that the market prices are fair. The information about the prices need to be clear and appropriate to protect investors.

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The journal entry to record the inventory shrinkage is :Debit Cost of goods sold $18,600; Credit Inventory $18,600.

<h3>Inventory shrinkage</h3>

Based on the information given the appropriate the journal entry to record the inventory shrinkage is :

Debit Cost of goods sold $18,600

Credit Inventory $18,600

($12,400+$39,800-$33,600)

(To record inventory shrinkage)

Inconclusion the journal entry to record the inventory shrinkage is :Debit Cost of goods sold $18,600; Credit Inventory $18,600

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2 years ago

Beckett, Inc. reports the following cost information for March: Cost of Goods Manufactured $ 73 comma 000 Manufacturing Overhea

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Answer:

Beckett, Inc.

Cost of Goods Manufactured Statement

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Manufacturing Overhead 18 ,900

Total Manufacturing Costs $ 64,320

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3 years ago

An accountant agreed to perform a compilation of a company's financial statements under Statements of Standards for Accounting a

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3 years ago

Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received

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Answer:

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B) Isabel's after-tax cost for paying the bill in January:

the cost before taxes = $19,000 - ($19,000 x 4%/12) = $19,000 - $63 = $18,937

after-tax cost = $18,937 - ($18,937 x 40%) = $18,937 - $7,575 = $11,362

C) January, since the cost of the debt is lower.

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3 years ago

A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed

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