Answer and Explanation:
The journal entry is shown below:
Delivery expenses Dr $56
Merchandise inventory Dr $179
Miscellaneous expenses $25
To Cash $260
(Being the reimbursement of the account is recorded)
For recording this we debited all expenses and credited the cash as it increased the expenses and decreased the assets
"from" (and any subsequent words) was ignored because we limit queries to 32 words.
Answer:
$68,800
Explanation:
Let the direct material used be X,
Direct Material + Direct Labor + Over Head = Total product cost
X + $62,000 + $40,000 = $165,000
X + $102,000 = $165,000
X = $165,000 - $102,000
X = $63,000 Materials Used
Raw Materials used = Beginning Inventory + Purchased - Ending Inventory
Raw Materials used = Beginning Inventory + Purchased - [Beginning Inventory + $5,800]
$63,000 = Beginning Inventory + Purchased - Beginning Inventory - $5,800
$63,000 = Purchased - $5,800
Purchased = $63,000 + $5,800
Purchases = $68,800
Answer:
You didn’t provide a list so I came up with possible answers.
Choreographer
Writer
Actor/Actress
Director
Answer:
D) Stock prices of companies that announce increased earning in January tend to outperform the market in February.
Explanation:
The above is consistent with the Efficient Market Hypothesis. All others are a direct contravention.
<em>The efficient market hypothesis (EMH), also known as the efficient market theory, is a hypothesis that states that the prices of shares contain all information and that consistent alpha generation is impossible.</em>
According to the hypothesis, stocks always trade at their fair value on exchanges, making it impossible for investors to purchase undervalued stocks or sell stocks for inflated prices.
This means that it should not be possible to outperform the overall market through professional stock selection or market timing.
The only way according to EMH that an investor can obtain better returns is by purchasing riskier investments.
By implication, this also means that it is not possible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.
You would note that in the option D, earning (which is a key driver for demand of stock) is announced in one month. The natural reaction would be for the demand for that stock to surge in the next month.