The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

Advertising Revenue $46,982
Cash 41,516
Accounts Receivable 7,296
Interest Expense 2,299
Accounts Payable 5,000
Operating Expenses 37,460
Deferred Revenue 1178
Equipment 18,648
Income Tax Expense 2,326

The following activities occurred in 2019:

1. Performed advertising services on account, $55,000.
2. Received cash payments from customers on account, $10,400.
3. Received deposits from customers for advertising services to be performed in 2020, $2,500.
4. Made payments to suppliers on account, $7,000.
5. Incurred $45,000 of operating expenses; $39,000 was paid in cash and $6,000 was on account and unpaid as of the end of the year.

Required:
What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2019?

Answers

Answer 1

Answer:

the amount of the revenue that should be recorded is $51,896

Explanation:

The computation of the amount of the revenue that should be recorded is shown below:

= Opening balance of account receivable + service revenue balance on the account - cash payment

= $7,296 + $55,000 - $10,400

= $51,896

Hence, the amount of the revenue that should be recorded is $51,896


Related Questions

An investor will choose between Asset Q with an expected return of 6.5% and a standard deviation of 5.5%, Asset U with an expected return of 8.8% and a standard deviation of 5.5%, and Asset B with an expected return of 8.8% and a standard deviation of 6.5%. Which one should the investor prefer

Answers

Answer:

Asset U

Explanation:

Reward-to-volatility ratio for Asset Q = Expected return / standard deviation

Reward-to-volatility ratio for Asset Q = 6.5% / 5.5%

Reward-to-volatility ratio for Asset Q = 1.1818

Reward-to-volatility ratio for Asset U = Expected return / standard deviation

Reward-to-volatility ratio for Asset U = 8.8% / 5.5%

Reward-to-volatility ratio for Asset U = 1.6

Reward-to-volatility ratio for Asset B = Expected return / standard deviation

Reward-to-volatility ratio for Asset B = 8.8% / 6.5%

Reward-to-volatility ratio for Asset B = 1.3538

The  investor should prefer Asset U because its has the highest reward to volatility ratio among the three options.

When computing equivalent units of production, the method that combines partially completed units in beginning inventory with current-period production is the

Answers

Answer: the weighted average method

Explanation:

When computing the equivalent units of production, the weighted average method can be used in the combination of partially completed units in the beginning inventory with the current-period production.

In Weighted Average Cost method, a weighted average is used in the determination of the amount which gives into the inventory and the cost of goods sold.

The specific actions to be taken in implementing a strategy.

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

In general terms, the specific actions to be taken in implementing a strategy are the following.

First of all, the manager has to clearly define the strategic plan and its content.

Then, define the general goal, and specific goals. It is highly recommended to use the SMART formula. Goals have to be specific, measurable, attainable, realistic, and time-bound.

Then, define the Key Performing Indicators or KPI's. These will serve to define the results the company expects to accomplish with the plan.

Create a series of programs and specific actions to reach the goals.

Then, to implement the tactics or specific programs.

Monitoring the programs and then evaluate the results to provide feedback.

ACS Industries is considering a project with an initial cost of $6.2 million. The project will produce cash inflows of $1.8 million a year for five years. The firm uses the subjective approach to assign discount rates to projects. For this project, the subjective adjustment is 2%. The firm has a pre-tax cost of debt of 6.7% and a cost of equity of 9.4%. The debt-equity ratio is 0.6 and the tax rate is 35%. What is the net present value of the project

Answers

Answer:

$0.710 million

Explanation:

The net present value of the project is the present value of future cash inflows discounted at the appropriate project discount rate minus the initial investment outlay.

The weighted average cost of capital of the firm is computed using the formula below:

WACC=(weight of equity*cost of equity)+(weight of debt*after-tax cost of debt)

debt-equity ratio=debt/equity=  0.6(which means debt is 0.6 while equity is 1 since 0.6/1=0.6)

weight of equity=equity/(equity+debt)

weight of equity=1/(1+0.6)=62.50%

weight of debt=debt/(equity+debt)

weight of debt=0.6/(1+0.6)=37.50%

cost of equity=9.4%

after-tax cost of debt=pre-tax cost of debt*(1-tax rate)

pre-tax cost of debt=6.7%

tax rate=35%

after-tax cost of debt=6.7%*(1-35%)=4.36%

WACC=(62.50%*9.4%)+(37.50%*4.36%)

WACC=7.51%

The WACC would be adjusted upward by 2% to reflect the higher level of risk of the new project

project's discount rate=7.51%+2%=9.51%

present value of a future cash flow=future cash flow/(1+discount rate)^n

n is the year in which the future cash flow is expected, it is 1 for year 1  cash flow ,2 for year 2 cash flow, and so on.

NPV=$0.710 million($710,000)

For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Transaction
i. Andrew's employer upgrades all of its computer systems using U.S.-made parts.
ii. Beth gets a new refrigerator made in the United States Andrewbuys a bottle of Italian wine.
iii. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
iv. Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website,

Answers

Answer and Explanation:

The classification is as follows:

i. It is an investment as the employer of andrew spent money for upgrading the system so that the productivity could be increased due to this it will give benefits till the long term

ii. It is a consumption as the product is made in US and the same should be consumed in US only

It is a consumption and imports as the andrews purchased the bottle

iii. It is a government spending as the government used the money for creating the infrastructure that should beneficial for the general public

iv. It is an export as father lived in sweden and the maple syrup should be delivered to the foreign party

XYZ Corporation produces and sells 10,000 units of Product X each month. The selling price is $40 per unit, and variable expenses are $32 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $70,000 of the $120,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be: Group of answer choices

Answers

Answer:

If the company discontinues Product X, income will decrease by $30,000.

Explanation:

Giving the following information:

Sales= 10,000*40= $400,000

Total variable expense= 32*10,000= 320,000

Avoidable fixed costs= $50,0000

To calculate the effect on the income of discontinuing Product X, we need to use the following formula:

Effect on income= avoidable fixed cost - total contribution margin

Effect on income= 50,000 - (400,000 - 320,000)

Effect on income= $30,000 decrease

If the company discontinues Product X, income will decrease by $30,000.

Joe quits his computer programming​ job, where he was earning a salary of ​$ per​ year, to start his own computer software business in a building that he owns and was previously renting out for ​$ per year. In his first year of business he has the following​ expenses: salary paid to​ himself, ​$​; ​rent, $0; and other​ expenses, ​$. Find the accounting cost and the economic cost associated with​ Joe's computer software business. ​(Enter numeric responses using an integer.​) The accounting cost of​ Joe's business is ​$ 107000- nothing. ​(Enter your response as an integer.​)

Answers

Answer:

accounting cost = $65,000

economic cost = $74,000

Explanation:

Here is the complete question

Joe quits his computer programming job, where he was earning a salary of $50,000year, to start his own computer software business in a building that he owns and was previously renting out for $24,000/year. In his first year of business he has the following expenses: salary to himself, $40,000; rent, $0; other expenses, $25,000.

Find the accounting cost and economic cost associated with Joe's computer software business.

There are two types of costs

1. Economic cost or Implicit cost or opportunity cost : Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is used in calculating economic profit

By starting his business, joe is forgoing his income and the rent he could have earned on his building

$50,000+ $24,000 = 74,000

2. Explicit cost : It includes the amount expended in running the business. It is used in calculating accounting profit

They include rent , salary and cost of raw materials

40,000+ 25,000 = 65,000

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 110,000 $ 55,000 $ 165,000 Variable expenses 27,400 5,600 33,000 Contribution margin $ 82,600 $ 49,400 132,000 Fixed expenses 93,840 Net operating income $ 38,160 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.

Answers

Answer:

1. Overall contribution margin ratio for the company = 80%

2. Company's overall breakeven point in dollar sales = $117,300

3. Net operating income = $0

Explanation:

1. What is the overall contribution margin (CM) ratio for the company?

Overall contribution margin ratio for the company = (Total contribution margin / Total sales) * 100 = ($132,000 / $165,000) * 100 = 80%

2. What is the company's overall break-even point in dollar sales?

Company's overall breakeven point in dollar sales = Fixed cost / Contribution margin ratio = $93,840 / 80% = $117,300

3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.

Note: See Part 3 of the attached excel file for the contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.

From the Part 3 of the attached excel file, we have:

Net operating income = $0

Sansa, Cercei, and Tyrion have just finished their team's project and are waiting for their supervisor's feedback. Cercei has been mostly unengaged and quiet ever since the project started. While this was not her best work, neither was her work bad. Her mood would be categorized as Group of answer choices deactivated. negative activated. intense negative. intense positive. positive activated.

Answers

Answer:

Cercei's mood would be categorized as:

negative activated.

Explanation:

Moods do not last longer than emotions.  Like Cercei's that unengaged and quiet mood during the project duration, it starts and ends within some period of time.  However, a person's mood can be described as either negative or positive.  Since Cercei's mood was negative from the commencement of the project to its ending, one can conclude that she activated her negative mood during the period.

Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs. During the month, the forming department started 300,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 80% complete as to materials and 30% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. Beginning work in process inventory$60,100 Direct materials added during the month 1,231,200 Conversion added during the month 896,700 Exercise 03-7A FIFO: Costs per EUP LO C4 Assume that Fields uses the FIFO method of process costing. 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming departmen

Answers

Answer:

Fields Company

Forming Department

                                                            Materials       Conversion

1. The equivalent units of production 304,000          294,000

2. The costs per equivalent unit            $4.05               $3.05

Explanation:

a) Data and Calculations:

                                  Units       Materials       Conversion

Work in Process     25,000          60%                 40%

Units started        300,000

Ending WIP            30,000          80%                 30%

Units completed 295,000        100%                100%

Equivalent Units:

                                  Units       Materials       Conversion

Work in Process     25,000       10,000 (40%)   15,000 (60%)

Units started        300,000

Ending WIP            30,000       24,000 (80%)      9,000 (30%)

Units completed 295,000        100%                100%

Units started and

completed         270,000     270,000             270,000

Total equivalent units           304,000             294,000

                                  Units          Materials       Conversion   Total

Costs added during the month $1,231,200       $896,700   $2,127,900

Total equivalent units                    304,000         294,000

Cost per equivalent unit                 $4.05               $3.05

When corporate taxes and the cost of financial distress are taken into consideration, the market value of a firm is equal to the value of the all-equity firm _____ the PV of the tax shield _____ the costs of financial distress

Answers

Answer:

rise and decrease

Explanation:

Corporate tax is also called as company and is directly imposed by law on the incomes of capital and many countries imposed such taxes at the national levels and on the state level. Financial distress is a condition which the company make sufficient revenue and has higher fixed losses. This takes place due to some downturns.

Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws

Answers

Answer:

The price elasticity of demand is -9.00.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

The table below shows the weekly demand for machine screws at the local hardware store.

Price (dollars per pack of 100 screws)   Quantity (packs of 100 screws)

                     $5.00                                                              0

                       4.50                                                              60

                       4.00                                                              120

                      3.50                                                               180

                      3.00                                                              240

                      2.50                                                               300

                      2.00                                                               360

                       1.50                                                               420

                       1.00                                                               480

                       0.50                                                              540

                        0.0                                                               600

Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws:

The explanation of the answer is now provided as follows:

New quantity = 120

Old quantity = 60

New price = $4.00

Old price = $4.50

Using the formula for calculating the starting point method for elasticity of demand, we have:

Price elasticity of demand = ((New quantity - Old quantity) / (New price - Old price)) * (Old price / Old quantity) = ((120 - 60) / (4.00 - 4.50)) * (4.50 / 60) = -9.00

Therefore, the price elasticity of demand is -9.00.

The price elasticity of demand is -9.00.

Given information

New quantity = 120

Old quantity = 60

New price = $4.00

Old price = $4.50

Now, we will use the formula below for calculating the starting point method for elasticity of demand.

Price elasticity of demand = ((New quantity - Old quantity) / (New price - Old price)) * (Old price / Old quantity)

Price elasticity of demand = ((120 - 60) / (4.00 - 4.50)) * (4.50 / 60)

Price elasticity of demand = -9.00

In conclusion, the price elasticity of demand is -9.00.

Read more about price elasticity of demand

brainly.com/question/5078326

a. After the magazine The Economist publishes an article indicating that analysts expect the value of Tunisian dinars to rise relative to Peruvian sol, Peru's currency will

Answers

Answer: Depreciate

Explanation:

The Economist is a widely respected financial and economic magazine which means that their articles can cause movements in the market especially when backed up by analysts.

The Economist believes that the Tunisian Dinar will rise relative to the Peruvian Sol, this means that the Peruvian Sol will depreciate against the Tunisian Diner. Some people and entities holding Peruvian Sol assets will try to offload it so that they do not suffer losses.

This increase in supply and reduction in demand for the Peruvian Sol will lead to it depreciating.

which one between vodacom and mtn can be considered as price leader in south africa ?​

Answers

Explanation:

Vodacom, it's one of the most popular everywhere

Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4%. Group of answer choices The bonds were sold at a discount, with annual interest expenses more than $18,000 The bonds were sold at a discount, with annual interest expenses less than $18,000 The bonds were sold at a premium, with annual interest expenses more than $18,000 The bonds were sold at a premium, with annual interest expenses less than $18,000 The bonds were sold at par, with annual interest expenses equal to $18,000

Answers

Answer:

The bonds were sold at a premium, with annual interest expenses less than $18,000

Explanation:

r = 4% per annum = 4%*6/12 = 2%

n = 5 years * 2 = 10

Present value of annuity factor = [1 - (1+r)^(-n)] / r

Present value of annuity = [1 - (1.02)^(-10)] / 0.02

Present value of annuity = 8.982585

Interest payment = $300,000*6%*6/12

Interest payment = $9,000

Present value factor = 1/(1+r)^n

Present value factor = 1 / (1.02)^10

Present value factor = 0.8203483

Face value = $300,000

Selling value of bond = [8.982585*9000] + [0.8203483*300,000]

Selling value of = 80,843.265 + 246,104.49

Selling value of = 326,948. (Amount that bond are sold for is greater than 300,000 i.e at a premium).

Coupon rate payment = $300,000*6%

Coupon rate payment = $18,000

Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $1,300,000. According to independent appraisals, the fair values were $630,000 (building A) and $280,000 (building B) for the buildings and $490,000 for the land. Required: Determine the initial valuation of the buildings and the land.

Answers

Answer:

Pinewood Company

Initial valuation of the buildings and the land are:

Building A = $585,000

Building B = $260,000

Land =         $455,000

Explanation:

a) Data and Calculations:

Purchase price of buildings and land = $1,300,000

Fair values of:

Building A = $630,000

Building B = $280,000

Land =         $490,000

Total fair value = $1,400,000

Initial valuation of the buildings and the land are:

Building A = $630,000/$1,400,000 * $1,300,000 = $585,000

Building B = $280,000/$1,400,000 * $1,300,000 = $260,000

Land =         $490,000/$1,400,000 * $1,300,000 = $455,000

Total fair value =                                                      $1,300,000

Colette Value Inc., a game development firm, has received a new project that involves the development of a mobile game. The project must be completed within a year. The company, however, is facing a shortage of mobile game developers and must hire 50 developers to ensure the timely completion of the project. As a result, the firm decides to take part in a job-related event that would give the firm access to a large pool of applicants at the same time. Which of the following recruitment options has Colette Value decided to use to find a large number of suitable candidates in a short time?
a. Alumni networks.
b. Job fairs.
c. Job posting systems.
d. Employee referrals.

Answers

Answer:

b. Job fairs.

Explanation:

Job fairs is the quickest method to bring the right talent as at the job fairs the people who wants to look for the job presently and on urgent basis so it will be considered. Also it considered the young and the latest talent plus the right candidates that hired in some days. Due to this, it saves the cost also received the best talent

So as per the given situation, the option b is correct

Which of the following accurately describes the correlation between task interdependence and team performance?

a. It is weak and positive.
b. It is moderate and negative.
c. It is strong and negative.
d. It is moderate and positive.
e. It is weak and negative.

Answers

Answer: it is moderate and positive.

Explanation:

Task interdependence has to do with the degree to which there's an interaction and reliance on the team members which is vital in the accomplishment of the goals of the organization.

The correlation between task interdependence and the team performance is that it is moderate and positive. Therefore, the correct option is D.

The following information is available for Jorgensen Company: a. The Cash Budget for March shows a bank loan of $10,000 and an ending cash balance of $48,000. b. The Sales Budget for March indicates sales of $120,000. Accounts receivable is expected to be 70% of March sales.

Answers

Answer:

Accounts receivable is

Explanation:

Expected accounts receivable is 70% of sales amount. The sales budget is $120,000 then accounts receivable will be $84,000. The rest of sales will be in cash, so the cash collection for the month of march will be $36,000. The new cash balance will be $36,000 + $48,000 = 84,000.

In purchasing an existing business, Alice has decided to lease the equipment and fixtures from the original owner rather than purchasing it outright to save money initially. This is an example of ______.

Answers

Answer: thinning the assets

Explanation:

Thinning the assets refers to the reduction of the burden of an asset on the buyer by the seller do that the business can be priced at a reasonable value for the buyer. It is done to make a business more affordable.

Since Alice decided to lease the equipment and fixtures from the original owner rather than buying it outright to save money initially, this is thinning the assets.

Suppose that a firm currently produces 100 units using 10 units of K and 14 units of labor per day. The wage rate is $100 and the rental rate is $150 per day. The cost to produce this output is

Answers

Answer: $2,900

Explanation:

The cost of this amount of output is:

= (Amount of K used * Rental rate of capital) + (Amount of labor used * wage rate)

= (10 * 150) + (14 * 100)

= 1,500 + 1,400

= $2,900

If elasticity of demand is 0.6, elasticity of supply is 0.6, and a 20% excise tax is levied on the good:________a. The fraction of the tax borne by consumers will be 0.5. b. The fraction of the tax borne by suppliers will be 0.6 c. The fraction of the tax borne by consumers will be 0.6. d. The fraction of the tax borne by suppliers will be 0.3.

Answers

Answer:

The correct option a. The fraction of the tax borne by consumers will be 0.5.

Explanation:

The tax burden is determined by the supply and demand price elasticity. Consumers bear the burden of the tax more than the suppliers when supply is more elastic than demand. When demand is more elastic than supply, the tax burden falls more on suppliers than consumers. When demand elasticity and supply elasticity are identical, the tax burden is shared equally by consumers and suppliers.

From the question, we have:

Elasticity of demand = Elasticity of supply = 0.6

Since demand elasticity and supply elasticity are identical, the burden of 20% excise tax is shared equally by consumers and suppliers. That 50% by 50%, or 0.5 by 0.5.

Therefore, the correct option a. The fraction of the tax borne by consumers will be 0.5.

Prepaid Insurance is $23,149. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2016, for $15,510. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2017, for $10,224. This policy has a term of 18 months. Prepare the adjusting entries at December 31, 2017.

Answers

Answer:

Journal Entry

December 31, 2017

Dr. Insurance Expense-Building $5,170

Cr. Prepaid Insurance-Building $5,170

Dr. Insurance Expense-Motor vehicle $6,816

Cr. Prepaid Insurance-Motor vehicle $6,816

Explanation:

First, we need to calculate the Amount of insurance expense accrued in the year for each insurance

Policy B4564

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $15,510 x 1 year / 3 years

Insurance expense accrued = $5,170

Policy A2958

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $10,224 x 12 months / 18 months

Insurance expense accrued = $6,816

Scottie Adams Bird Supplies issued 15% bonds, dated January 1, with a face amount of $310,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021

Answers

Answer:

a. $326,421.

Explanation:

Missing word "Some relevant and irrelevant present value factors:

* PV of annuity due of $1: n = 20; i = 7% is 11.33559

* PV of ordinary annuity of $1: n = 20; i = 7% is 10.59401

**PV of $1: n = 20; i = 7% is 0.25842

Multiple Choice $326,421. $361,100. $572,732. $292,814."

Semi annual cash interest = 23250 (310,000*15%*6/12)

n = 20      

I =7%

Cashflows                              Amount       PVF        Present value

Semi annual cash interest   23250      10.59401      246,310.70

Maturity value                       310,000    0.25842      80,110.20

Price of bonds                                                           $326,420.90

Bill’s Mechanical Devices Inc. produces robots for the automotive industry. If its average variable costs are given by AVC = 25, its fixed costs are $2,500, and it charges $75 a robot, what is Bill’s break-even level of output?

Answers

Answer:

50 units

Explanation:

The computation of the break even level of output is given below:

TVC = AVC × Q

= 25 × Q

Total cost is

= TVC + FC

= 25Q + $2,500

Total revenue is

= P × Q

= 75Q

Now in Break even

TR = TC

75Q = 25Q + $2,500

Q = $2,500 ÷ 50Q

= 50 units

Journalizing credit sales, note receivable transactions, and accruing interest.
Endurance Running Shoes reports the following:
2018
​​May 6 Recorded credit sales of . Ignore Cost of Goods Sold.
Jul. 1 Loaned $18,000 to Jerry Paul, an executive with the company, on a one-year, 7% note.
Dec. 31 Accrued interest revenue on the Paul note.
2019
Jul. 1 Collected the maturity value of the Paul note.
Journalize all entries required for Endurance Running Shoes.

Answers

Answer:

6-May-18

Dr Accounts receivables $102,000.00

Cr To Sales revenue $102,000.00

1-Jul-18

Dr Note receivables $18,000.00

Cr To Cash $18,000.00

31-Dec-18

Dr Interest receivables $630.00

Cr To Interest revenue $630.00

1-Jul-19

Dr Cash $19,260.00

Cr To Interest revenue $630.00

Cr To Interest receivables $630.00

Cr To Note receivables $18,000.00

Explanation:

Preparation of the journal entries required for Endurance Running Shoes.

6-May-18

Dr Accounts receivables $102,000.00

Cr To Sales revenue $102,000.00

(To record sales revenue)

1-Jul-18

Dr Note receivables $18,000.00

Cr To Cash $18,000.00

(Being loan given)

31-Dec-18

Dr Interest receivables ($18,000*7%*6/12) $630.00

Cr To Interest revenue $630.00

(To record interest accrued)

1-Jul-19

Dr Cash $19,260.00

($18,000+$630+$630)

Cr To Interest revenue $630.00

Cr To Interest receivables $630.00

($18,000*7%*6/12)

Cr To Note receivables $18,000.00

(To record receipt of note at maturity)

Merchandise inventory: A. Is a long-term asset. B. Is a current asset. C. Includes supplies. D. Is classified with investments on the balance sheet. E. Must be sold within one month.

Answers

Merchandise Inventory is classified into the financial statements of a company as a current asset.

What is a current asset?

The kind of asset whose benefits are fully utilized by the company within a year and do not last for more than a year in the company's financial statements are known as current assets.

Hence, option B states about current assets.

Learn more about current assets here:

https://brainly.com/question/14287268

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Combining a protective put with a forward contract generates equivalent outcomes at expiration to those of a:

Answers

Answer:

Fiduciary call.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

A covered interest arbitrage can be defined as trading strategy in which an investor minimizes his or her currency risk by using a forward contract to hedge against the interest rate difference between two countries i.e the exchange rate risk. Thus, it's considered to be the most common interest rate arbitrage around the world.

Generally, when a protective put is combined with a forward contract it would generate equivalent outcomes at expiration to those of a fiduciary call.

This ultimately implies that, a fiduciary call combines both a call option and a bond that's risk free and matures on the expiry date of an option.

The Milestone Decision Authority is responsible for establishing the Critical Operational Issues (COIs) that will be addressed in testing.
A. True
B. False

Answers

Answer:

False

Explanation:

What is Brad doing when he starts dialoguing with his colleagues about their opinions related to tobacco use at the hospital

Answers

Answer: Using collective strategies

Explanation:

Collective strategies has to do with the organizing of people in order to be able to change health damaging environment and this is done through several strategies such as the provision of educational forums, building coalitions, lobbying for legislative changes etc.

Therefore, Brad dialogue with his colleagues about their opinions related to tobacco use at the hospital is the use of collective strategies.

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