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2 years ago

Prior to any trip it is important to do all of these except:

1 answer:

8 0

<span>Checking the upholstery is not one of the important pre-trip tasks. This is not something that will affect anything other than the passenger comfort during the trip. Making sure that one has enough gas and other fluids in the car is much more important to the overall trip.</span>

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As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc

Natalka [10]

Answer:

a. How would this investment be classified on Florists' balance sheet?

Florists International must use the equity method since it exercises significant influence over Nursery Supplies. This investment must be reported under non-current assets as Investment in Nursery Supplies.

Dr Investment in Nursery Supplies 60,000,000

Cr Cash 60,000,000

Dr Cash 12,000,000

Cr Investment in Nursery Supplies 12,000,000

Dr Investment in Nursery Supplies 21,000,000

Cr investment revenue 21,000,000

b. Prepare all appropriate journal entries related to the investment during 2021, under the fair value option, and in a manner similar to what Florists would use for investments in equity securities for which it does not have significant influence.

Dr Investment in Nursery Supplies 60,000,000

Cr Cash 60,000,000

Dr Cash 12,000,000

Cr Dividend revenue 12,000,000

Dr Loss on held for trading securities 4,000,000

Cr Investment in Nursery Supplies 4,000,000

3 0

2 years ago

You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt

Ad libitum [116K]

Answer:

Option (a) is correct.

Explanation:

Contribution per unit:

= Selling price per unit - Variable cost

= Selling price per unit - (Material + labor cost)

= $25 - ($10 + $5)

= $25 - $15

= $10

Fixed cost = Administrative cost + Sales and marketing expense

= $60,000 + $20,000

= $80,000

Break-even quantity:

= Fixed cost ÷ Contribution per unit

= $80,000 ÷ $10

= 8,000 shirts

8 0

2 years ago

A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provid

Thepotemich [5.8K]

Answer:

large capitalization growth stocks

Explanation:

Out of the four possible options, large capitalization growth stocks are the only option that provides potential growth and receives income from dividends.

Money market instruments are extremely safe investments, but they yield a very low return. This type of investment is suitable for investors that wish to preserve their capital.

Mutual funds is not a very specific answer, since it can apply to several types of investments.

Bonds only provide income, but they do not provide growth (fixed coupon rate).

5 0

2 years ago

Woodcarving Co. incurred the following costs during May: Conversion costs $ 476,500 Prime costs 403,750 Manufacturing overhead 3

faust18 [17]

Answer:

The correct answer is C

Explanation:

With the following information, we need to calculate the direct materials and direct labor:

Woodcarving Co. incurred the following costs during May:

Conversion costs $ 476,500

Prime costs 403,750

Manufacturing overhead 320,500

We know that:

Conversion cost= direct labor + Manufacturing overhead

476500= direct labor + 320500

direct labor= $156000

Prime costs= direct materials + direct labor

403750= direct materials + 156000

direct labor= $247750

7 0

2 years ago

Which Act was enacted as a response to the rising level of unsecured consumer debt?

musickatia [10]

The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 or also known as the Credit CARD Act was passed on May 22, 2009. This act will make it easier for the consumers to settle their credit card liability balances. This is made as an answer to the increasing number of consumer debt.

7 0

2 years ago