Answer:
2021 understated by $3,060
2022 overstated by $3,060
Explanation:
<u>June 30, 2021</u>
DEBIT CREDIT
Note receivable $68,000
Sales $68,000
<u>Dec 31, 2021</u> (July 1, 2021 to Dec 31 2021)
DEBIT CREDIT
Interest receivable $3060
Interest Income $3060
Working = 68,000 x 9% x6/12 = $3060
<u>March 31, 2022</u>
DEBIT CREDIT
Cash 72,590
Interest receivable 3,060
Interest income 1,530
Note Receivable 68,000
Working = 68000 x 9% x 3/12 = 1,530
2021 income will be understated by $3,060 if adjusting entry is not prepared and revenue is not recognized
2022 income will be overstated by $3,060
Answer:
The answer is Duress.
Explanation:
Duress is a term in law used to justify a wrong action but excluding murder cases.
For a defendant to successfully prove he or she acted under duress, the following must be satisfied:
1. The defendant is in an immediate danger that could lead to death. For example, if Dreyfus shoots Eton by refusing, he can shoot Eton to death.
2. There is a believe that the defendant will be will be hurt
3. There is no option to avoid the harm or being hurt other than to succumb to doing the illegal action.
<span>A
global marketing strategy refers to a marketing strategy used by a firm or a
company to be able to compete worldwide. This is used to promote or market its
products or services worldwide. This strategy is taken in response to the
different international trading aspects and global market conditions. </span>
Answer:
Should Marston Manufacturing Company accept or reject the project?
Marston C Company should reject the project because its expected return is lower than Division H's cost of capital.
Since the divisions' risk is so different, and probably their projects are also very different, the company should use different costs of capital to accept of reject the projects based on each division's cost of capital.
Imagine another situation where Division L is evaluating a project that yields 10%. If they used the company's WACC, then they should reject the project, but if they used the division's cost of capital, then they should accept the project (in this case I would recommend accepting it).
Explanation:
Division H's risk = 14%
Division L's risk = 8%
WACC = 11%
Answer:
An example of a product going through scarcity is when heavy rainfall and flooding destroy crops because of which their supply is decreased, and because of this shortage their prices sky rocket or increase very fast.
Explanation: