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2 years ago

13

A government bond is NOT as liquid as cash because the bond:

1 answer:

Vesna [10]2 years ago

6 0

Answer:

Option b

Explanation:

In simple words, A government bond reflects a government-issued debt, which is offered to buyers to finance government expenditure. The US Federal reserve is selling the government bonds over the year throughout listings.

Any selling of Treasury bonds throughout the secondary sector. Professional shareholders may purchase or sell previously issued bonds through such a platform with a company or broker operating with it.

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Cash Short and Over Entries 1. Based on the information, prepare the weekly entries for cash receipts from service fees and cash

Harrizon [31]

Answer:

Explanation:

The journal entries are shown below:

On April 2

Cash A/c Dr $266.50

Cash short and over A/c Dr $2

To service fees revenue A/c $268.50

(Being service fees revenue is recorded)

On April 9

Cash A/c Dr $233.50

Cash short and over A/c Dr $4.25

To service fees revenue A/c $237.50

(Being service fees revenue is recorded)

On April 16

Cash A/c Dr $311.00

To Cash short and over A/c Dr $1.75

To service fees revenue A/c $309.25

(Being service fees revenue is recorded)

On April 23

Cash A/c Dr $224.00

Cash short and over A/c Dr $2.50

To service fees revenue A/c $226.50

(Being service fees revenue is recorded)

On April 30

Cash A/c Dr $322.00

To Cash short and over A/c Dr $4.00

To service fees revenue A/c $318.00

(Being service fees revenue is recorded)

4 0

2 years ago

Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing

bogdanovich [222]

Answer:

a.Year 1 = $277,440, Year 2 = $280,280, Year 3 = $272,560

b.i. Inventory Increased in year 4

b.ii $12,500 deferred in inventory

Explanation:

<u>Absorption Costing Income for Year 1, Year 2, Year 3</u>

<em>Hint: Reconcile the Variable Costing Income to Absorption Costing Income</em>

Year 1 Year 2 Year 3

Variable Costing Income $300,000 $269,000 $250,000

Add Closing Inventory $90,240 $101,520 $124,080

Less Opening Inventory ($112,800) ($90,240) ($101,520)

Absorption Costing Income $277,440 $280,280 $272,560

Here we are adding and subtracting the fixed manufacturing overhead in closing and opening inventory.

This is because difference in Variable Costing Income and Absorption Costing Income lies within fixed manufacturing costs included in inventory.

Inventory Increased in year 4

Inventory deferred in Inventory = $261,600 - $249,100

= $12,500

4 0

2 years ago

You need to write a sales message for your company’s new line of exercise apparel. Before composing your message, which question

Alja [10]

Answer: The correct answers are:

- How and where is the apparel manufactured?

- What is the purpose of my message?

- How does the apparel’s durability compare to that of competitors’ products?

Explanation: For an effective sales message it is essential to use persuasion to get the message to the minds of potential customers, so these are some of the questions that should be asked before writing a sales message.

7 0

2 years ago

A house of quality would depict the strength of the relationship between which of the following two items? A. The stitching use

cricket20 [7]

Answer:

The customer's desire for a durable wallet and the company's choice of material for the wallet

Explanation:

House of Quality is a part of a larger process called QFD, which stands for Quality, Function, Deployment. This represents quality-monitoring, a focus on the function of execution of a quality plan, and the application of resources for deployment of that plan

7 0

2 years ago

As the manager of a Papa Sean's restaurant, you must deal with a variety of business transactions. Give an example of a transac

uysha [10]

Answer:

Papa Sean's Restaurant

Transactions that affect the Accounting Equation:

a. Increase one asset and decrease another asset.

Cash of $40,000 is received from customers on account.

b. Decrease an asset and decrease equity.

A wage expense of $56,000 is paid for the period

c. Decrease an asset and decrease a liability.

Suppliers are paid $67,000 on account.

d. Increase an asset and increase equity.

Customers are billed $90,000 for services rendered in the month.

e. Increase an asset and increase a liability.

The company purchases equipment worth $35,000 on account.

Explanation:

The accounting equation shows that for each financial transaction of a business affects at least two accounts and may involve the two sides of the accounting equation or affect two accounts on one side of the equation. This implies that the equation is always in balance. The accounting equation also explains the duality of business transactions.

5 0

2 years ago