Answer:
Store of value.
Explanation:
Ruth Hu recently inherited $200,000. She has invested the inherited money in real estate and government securities. Hu is using her money as a store of value.
A store of value can be defined as the characteristic of an asset which makes it tradable, can be saved, maintain its value, retrievable and exchanged at a future time without it depreciating.
Assets with such functions or characteristics are money, gold, diamonds and other precious stones.
Answer:
Dagwood bonds receivables 300,000 debit
Cash 300,000 credit
--to record purchase of bonds--
Interest receivables 18,000 debit
Interest revenue 18,000 credit
--to record accrued interest on dagwood bonds--
Cash 18,000 debit
Interest receivables 18,000 credit
--to record collection of interest--
Explanation:
as the bonds are purchased at par we pay for the same as the face value
interest for the year
principal x rate
300,000 x 6% = 18,000
at December 31th the interest are receivables as we didn't collect the cash yet
Then, on january first, we receive the cash and write-off the receivables
Answer:
$17,000
Explanation:
Units sold = 3,000 units
Expected warranty = 3,000 * $8 = $24,000
Actual warranty costs = $7,000
Estimated warranty liability = $24,000 - $7,000 = $17,000
Therefore, Petal should report $17,000 as estimated warranty liability at June 30, Year 9.
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) salary basis.
Answer:
Place Marketing
Explanation:
Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.
