Speculators in the futures markets have no intention of actually taking possession of the commodity
Indicate whether the statement is true or false.
Answer: TRUE
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When you describe your work experience on your résumé, you should
A) start with your most recent job and work back chronologically. B) describe one or two jobs in detail so that employers get an idea of your work ethic. C) list only full-time positions. D) indicate why you left. E) omit any positions which you held for less than six months.
On January 2, 2015, Concrete Master Construction, Inc issued $500,000, 10-year bonds for $574,540 . The bonds pay interest on June 30 and December 31 . The face rate is 8% and the market rate is 6%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2015?
a. $574,540 b. $571,776 c. $568,920 d. $500,000
Patty's Pet Shop experienced the following business events during its first year of operation:1) Borrowed $50,000 from the bank.2) Purchased merchandise on account, $44,000, terms 1/10, n/30.3) Paid for the merchandise purchased within the discount period.4) Sold merchandise on account for $51,000. The inventory sold had a cost of $28,000.5) Collected $41,500 on the merchandise sold on account.6) Paid operating expense of $17,000.7) Recognized accrued interest expense of $2,000.Required: a) What is the balance of the cash account at the end of Year 1?b) What are total assets at the end of Year 1?c) What is gross margin for Year 1?d) What is operating income for Year 1?e) What is net income for Year 1? f) What are total liabilities at the end of Year 1?g) What is total retained earnings
at the end of Year 1? What will be an ideal response?
The ________ is referred to as the record of final entry.
What will be an ideal response?