The following information is available for Ramos Corporation for the year ended December 31, 2014.Beginning cash balance $ 79,425Accounts payable decrease 6,531Depreciation expense 285,930Accounts receivable increase 14,473Inventory increase 19,415Net income 501,437Cash received for sale of land at book value 61,775Cash dividends paid 21,180Income taxes payable increase 8,296Cash used to purchase building 510,085Cash used to purchase treasury stock 45,890Cash received from issuing bonds 353,000Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answers

Answer 1

Answer:

Please see the statement of cash flows prepared below.

Explanation:

Ramos Corporation

Statement of cash flows

Net income                                                                        $501,437

Add: Depreciation expense                                              285,930

        Income taxes payable increase                                   8,296

Less: Accounts payable decrease                                       (6,531)

         Accounts receivable increase                                  (14,473)

         Inventory increase                                                     (19,415)

Net cash flows from operating activities (a).......          755,244

Proceed from sale of land                                                    61,775

Purchase of building                                                        (510,085)

Net cash flows from investing activities (b).......         (448,310)

Cash dividends paid                                                           (21,180)

Purchase treasury stock                                                   (45,890)

Proceed from the issue of bonds                                    353,000

Net cash flows from financing activities (c).......          285,930

Net increase in cash and cash equivalents (d=a+b+c)592,864

Cash balance at the beginning of the year                     79,425

Cash balance at the end of the year                           $672,289


Related Questions

Mandy, an Adlerian group leader is helping group members to realize they have choices in their lives about which stimuli they pay attention to and remember. Mandy is employing which techniques?

Answers

Answer:

Push button

Explanation:

Organisms respond to stimuli in order to survive in their given environment. It is the ability to adjust to different environmental factors that are beneficial or detrimental.

For example a worm reflexively crawls towards moisture or a dog salivating when it perceives food.

Push button shows a person that they have choices in their lives about which stimuli they pay attention to and remember.

Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?

Answers

The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.

To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.

To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:

NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost

\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)

\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)

NPV = $3,913.04 + $3,537.41 - $7,800

NPV = -$350.55

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a food worker wearing artifishal nails is preparing a salad for lunch rush what should she do to prevent from contaminating the salad

Answers

Answer:

wear gloves when preparing the salad.

Explanation:

WHEN MUST A TAXPAYER WHO HAS RECIEVED STOCK APPRECIATION RIGHTS FROM AN EMPLOYER INCLUDE THE VALUE OF THE RIGHTS IN INCOME

Answers

Answer:

"There are no federal income tax consequences when you are granted stock appreciation rights. However, at exercise you must recognize compensation income on the fair market value of the amount received at vesting. An employer is generally obligated to withhold taxes. Depending on the rules of your plan, the employer may satisfy that withholding obligation by withholding cash or shares. The remaining net proceeds will be deposited into a brokerage account. If you receive net shares and sell them at a later point, the appreciation in value of the shares from the time of exercise to the time of sale will be treated as a capital gain or loss. Whether it is a long-term or short-term gain or loss will depend on how long the shares are held."

Explanation:

I don't know if this helps, but here is a quate i found.

https://www.fidelity.com/webcontent/ap002390-mlo-content/18.09/help/learn_stock_appreciation_rights.shtml

give the meaning of office machine​

Answers

Answer: Equipment

Explanation:The equipment used in an office; for example: phones, computers, and printers. ... These markets cover computers and other machines for workplaces.

Hope this helps! Brainlist?

Answer:

What are office machines? The Cambridge Dictionary defines office machinery as the equipment used in an office for example: phones, computers, and printers These markets cover computers and other machines for workplaces.

Explanation:

[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.

[100 points, economics, midpoint question]Consider two markets: the market for motorcycles and the market

Answers

The elasticity of supply for televisions:  2. less elastic than supply in the market for televisions.

To calculate the elasticity of supply, we use the midpoint formula, which is given by:

Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)

First, we need to calculate the percentage change in quantity supplied:

Change in quantity supplied = New quantity supplied - Initial quantity supplied

Change in quantity supplied for televisions = 800 - 1,000 = -200

Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100

Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%

Next, we calculate the percentage change in price:

Change in price = New price - Initial price

Change in price = $1,200 - $800 = $400

Percentage change in price = (Change in price / Initial price) * 100

Percentage change in price = ($400 / $800) * 100 = 50%

Now, we can calculate the elasticity of supply for televisions:

Elasticity of Supply = (-20% / 50%) = -0.4

The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.

The answer is: 2. less elastic than supply in the market for televisions.

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Complete question:

Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.

Supply in the market for smartphones is

the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.

a contractor entered into an agreement with a homeowner whereby the contractor would construct a fireplace in the homeowner's home for a fee of $5,000, with construction set to begin in july and to be finished by october 1. the contractor began the work promptly but soon found that the walls of the homeowner's home were built more solidly than expected, which was particularly unusual for homes in the homeowner's neighborhood. the contractor notified the homeowner immediately of the problem with the walls. the contractor told the homeowner that in order to

Answers

The contractor and homeowner have a valid contract, as the contractor notified the homeowner of the additional costs and the homeowner agreed to the revised fee.

What is contractor?
A contractor is someone who has the skills and expertise to carry out a specific job or service for a customer. Contractors, who are usually self-employed, are hired to complete specific tasks or projects that require specialized skills or knowledge. Contractors can work on either a short-term or long-term basis, and often have their own team of employees or subcontractors to carry out the work. When a contractor is hired, they are usually responsible for providing their own equipment and materials and for meeting any agreed-upon deadlines.

The contractor was also able to complete the job by the agreed-upon deadline, so all the terms of the contract have been fulfilled.

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Which diagram arranges the types of business organizations from the most complicated to start to the least complicated to start?

Which diagram arranges the types of business organizations from the most complicated to start to the

Answers

Answer:

C. Corporation- partnership - Sole Proprietorship

Explanation:

Corporation- partnership—Sole Proprietorship is the diagram arranges the types of business organizations from the most complicated to start to the least complicated to start. Hence, option C is correct.

What is partnership?

Partnership is the deal between the two person or party to start the business, partnership can be legally registered or can also start without the partnership agreement.

In partnership the investment is invested by both the partners that and the profit and loss is divided into equally.

Thus, option C is correct.

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What happens if you still have a
balance on your credit card AFTER the
company starts charging you interest?
A. The bank will extend the 0% APR so you don't pay
interest.
B. The bank will offer you a 0% so they make no money
off you.
C. The bank will make your interest payments for you.
D. The bank will make money from the interest fees you
pay.

Answers

Answer:

its A.

Explanation:

An employee:
works for someone else
O takes the risk of a business venture
sets financial goals for the business
sets nonfinancial goals for a business

Answers

Answer:

works for someone else

Explanation:

An employee is someone hired to offer labor services to their employers.  The employers may be an individual, a private organization, or the governments. Employees earn wages, salaries, and other benefits provided by the employer in exchange for their labor services.

Employees do not assume any risks as the business owners do. Their role is to fulfill their mandate as instructed by the employers. Employees assist the employer in accomplishing their business vision.

Amazon is the dominant firm in the online shopping service industry, which has a total market demand given by Q = 100 – 2 P. Amazon has competition from a fringe of four small firms that produce where their individual marginal costs equal the market price. The fringe firms each have total costs given by TCi = 10 Qi + Q i 2. If Amazon’s total costs are given by TCA = 10 + 10 QA, , how much does the industry as a whole produce at this price?

Answers

The price that Amazon has to establish for their online shopping should be $20.

The Excel financial functions section includes the Price Function. It will determine the cost of a bond with a $100 face value that accrues interest on a recurring basis. The PRICE function in financial analysis can be helpful when we want to borrow money by selling bonds rather than stocks.

We have the price function as

P = 10 + 2Qi

Make Qi subject

= Qi = 0.5P - 5

4 firms with identical features

This would give us  

Qs = 4Qi

Qs = 4(0.5P -5)

Qs = 2p - 20

Q = 100 - 2p

Qa = Q - Qs

(100 - 2P) - (2P -20)

Take like terms

100 - 2p - 2p + 20

100 - 4p + 20

Qa = 120 - 4p

Make p subject

p = 120 - Qa / 4

p = 30 - 0.25Qa

TRa = p*Qa

= (30 - 0.25Qa)Qa

= 30Qa - 0.25Qa²

MRa

=  30 - 0.5Qa

TCA = 10 + 10QA

=  ΔTCA / ΔQA

= 10

30 - 0.5QA = 10

Take like terms

30 - 10 = 0.5Qa

divide through by 0.5

20/0.5 = Qa

40 = Qa

Output produced =  40.

We have P as

30 - 0.25QA

P = 30 - 0.25( *40)

= 20

Hence the price that Amazon has to establish for online shopping should be $20

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A travel agency specializes in vacation packages that provide the best value.

Answers

Answer:

is this is you business dudeee??????

A travel agency specializes in vacation packages that provide the best value. An agent offers a prospect a package that would meet his needs. The response that would be effective is ask for an opportunity to show him the savings, trip insurance, and special perks her agency can offer. The correct option is a.  

Trip insurance is intended to safeguard against dangers and financial losses that may occur when travelling. The dangers vary from little inconveniences like missed aeroplane connections and delayed luggage to more serious ones like injury or serious sickness.

Trip insurance can help protect you from medical expenditures incurred when travelling overseas that are not covered by your regular health insurance. Most health insurance policies do not provide full coverage in foreign countries, and some health plans, including Medicare, do not provide any coverage at all.

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The question is incomplete, but the complete question was:

A travel agency specializes in vacation packages that provide the best value. An agent offers a prospect a package that would meet his needs. The prospect claims that he can create his own package online and save money by not using an agent. Which response (s) would be effective? Select all that apply.

a) Ask for an opportunity to show him the savings, trip insurance, and special perks her agency can offer

b) Ask him to call her back and tell her if he finds a better deal

c) Assure him that the agency's buying power and connections offer the best packages for the lowest price

d) Ask the agency owner if there are any better offers, she can provide to save on the sale

e) Thank him for considering her agency and encourage him to call her directly if he can't find a package to meet his needs

Which of the following activities is an example of using an intranet to gather
information?
A. A salesperson checks a customer's order status, posted by the
production department.
B. A marketing researcher reads the comments posted by
consumers on a social media website.
C. A marketing manager uses a news feed to get links to articles
about industry-related events each day.
D. A marketing manager looks up information about where a
retailer's stores are located on the retailer's website.
SUBMIT

Answers

Answer:

A. A salesperson checks a customer's order status, posted by the production department.

Explanation:

In the A answer it is an order status posted by the production department but does not state any external sources or websites. So you have to assume the action is done within the company network or "Intranet"

In the examples B through D there are references made to external sources like: social media website, news feed, and a retailer's website.

A salesperson checks a customer's order status, posted by the production department is an example of using an intranet to gather information.

What do you mean by salesperson?

Simply said, a sales representative promotes a company's brand while selling their goods or services. From the initial lead outreach until the actual purchase, they manage client connections and function as the primary point of contact.

It is the perfect career if you want to be in control of your career because it is mostly performance-driven, meaning how well you sell directly effects how much money you earn.

One of the various careers you might apply for with a business degree is a sales representative position. Everything you need to know about this career path is outlined here.

All stages of the sales process involve a sales representative having direct consumer interactions. They are in charge of determining a customer's needs, making suitable product or service recommendations, and making sure they have a great experience from beginning to end.

Sales representatives occasionally make cold calls to leads they find in company directories or through customer recommendations.

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What is a survey?
A. It is when only a portion of a population is researched.
B. It is a research method where the researcher assembles small
groups of people.
C. It involves recording actions or events related to buying behavior.
D. It is a set of questions used for gathering data.

Answers

D. It is a set of questions used for gathering data
Ex: let's say it's like school they gym survey they would ask you questions about your health or your activity and things like that so they can know if your health is good or not

It is a set of questions used for gathering data is a survey. Hence, option D is correct.

What is gathering data?

Data collection is the process of gathering and measuring information on variables of interest in a systematic and prescribed manner in order to respond to specific research questions, test hypotheses, and evaluate findings.

The methods usually utilized in TNA to collect data include surveys and interviews. Because each TNA has characteristics that make it more or less effective according on the situation and the parties involved, it is necessary to select which one to utilize.

Data enables businesses to evaluate the efficacy of a certain strategy: Gathering data after implementing solutions to a problem will allow you to determine how well your strategy is functioning and whether it needs to be modified over time.

Thus, option D is correct.

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Mckenna is a high-school student who wants to become a High School Science Teacher. What are the most helpful examples of milestones for this goal? Check all that apply.


1 graduating from college

2 graduating from high school

3 living in another country, and learning the language

4 completing an internship at a newspaper

5 learning to swim

6 volunteering to work in classrooms

answer is 1 2 6

Answers

Answer:

2, 1, and 6

Explanation:

McKenna should graduate from high school and apply to college prior to graduation. To be a teacher, McKenna must earn a college degree. After earning a bachelor's degree, McKenna will need to spend time volunteering in a classroom while preparing to take a state licensing test and successfully pass it to be a paid high school teacher in any state's education system.

Answer:

1,2,6

Explanation:

Which of the following is filling the role of a consumer?

Answers

The following is filling the role of a consumer - A consumer is some-one who buys things, like at a super-market. Lets say someone purc-hased ice cream, they are a consumer.

What is the role of a consumer?

A consumer also is call-ed the end user. The consumer is the one who pays some-thing to consume goods and ser-vices produced. As such, con-sumers play a vital role in the econ-omic system of a nation.

Without consumer dem-and, producers would lack one of the key motiv-ations to produce: to sell to consumers. Consumer is the per-son who uses the product and/or service.

Complete question -

Which of the following is filling the role of a consumer?

A. A consumer is some-one who buys things, like at a super-market.

B. Courtney orders chicken for her company picnic

C. Mario plays a computer game with his sister

D. Latoya buys software for her business start up

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1. What are 2-3 reasons why the product (saving or investing) might be a good option for someone to use for growing their money?

2. What are 2-3 reasons why the product (saving or investing) might NOT be a good idea for someone to use for growing their money?

Answers

1. Some reasons why a savings account or investment can be a good option for someone to use to increase their money is that it generates long-term compound interest in addition to generating a security reserve.

2. And some reasons why a savings or investment might not be a good option for someone to increase their money is lack of information about both and high risk.

How to make good investments?

It is essential that investors seek information about investments and their profile, in order to identify the best options in line with their desires and needs, in addition to diversifying their investment portfolio to reduce risks.

Therefore, saving and investing are positive methods to increase money, generate greater control over your financial resources and greater long-term security.

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Define monopoly is this correct answer

Answers

A monopoly is a market structure that consists of only one seller or producer. A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace. Monopolies can lead to unfair consumer practices.

I need help.
Question 3 of 24
FICA deductions are an example of a
A. savings
B. voluntary
C. health benefit
D. mandatory
deduction.

I need help. Question 3 of 24FICA deductions are an example of aA. savingsB. voluntaryC. health benefitD.

Answers

Answer:

d ) mandatory deduction

3. _________ is a type of form used to obtain important feedback from customers by

asking them to answer checklist.

A. Survey form

B. Bio-data form

C. Interview form

D. Health check form

4. This social benefit from patronizing products and services project how customers

wants to be ________ by others.

A. admired

B. accepted

C. perceived

D. acknowledged

5. Marketing companies exert effort to consider positive feelings provided to customers

in order to create __________ connection with them.

A. Social

B. Emotional

C. Functional

D. Economical​

Answers

Answer:

3. Survey form

4. accepted

5. emotional

Explanation:

Define nongovernment organizations

Answers

Answer:

-UNICEF Việt Nam – Quỹ Nhi đồng Liên Hiệp Quốc

– UNFPA – Quỹ Dân số Liên Hợp Quốc

– UNIDO – Tổ chức Phát triển Công nghiệp Liên Hiệp Quốc

– Aide et Action International

– IntraHealth International

– The Asia Foundation

Explanation:

Tổ chức phi chính phủ phủ là tổ chức quốc tế trong đó các thành viên tham gia không phải là chính phủ, tổ chức phi chính phủ được thành lập một cách tự nguyện, hợp pháp không vì lợi nhuận, thúc đẩy sự phát triển trong công nghệ, khoa học kỹ thuật…

according to the text, a consumer
1) an organism that releases oxygen
2) a business that takes in money
3) anyone or any group that purchases goods or services
4) none of these choices are correct

Answers

Answer:

The answer to your question should be 3 (C).

Explanation:

Correct me if I'm wrong. Have a good day :)

lanni products is a start-up computer software development firm. it currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by lanni's owners. lanni takes out a bank loan. it receives $50,000 in cash and signs a note promising to pay back the loan over three years. lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. lanni sells the software product to microsoft, which will market it to the public under the microsoft name. lanni accepts payment in the form of 2,000 shares of microsoft stock. lanni sells the shares of stock for $70 per share and uses part of the proceeds to pay off the bank loan.

Answers

When the proportion of actual assets to total assets is computed as follows: computer equipment/total assets = $30k/$155k = 19.35%

What Qualifies as an Asset?

A typical definition of an asset is that it is something that offers a current, potential, or future economic advantage to a person or business. The definition of an asset is consequently something that you own or owe. Assets include things like a $10 cash, a desktop computer, a chair, and an automobile. A loan that you made to a borrower is also an asset because you are still owed the money. The loan is a liability for the one who is responsible for it. Any resource that a company or other economic organisation owns or controls is considered an asset in financial accounting. Anything that has the potential to provide positive economic value qualifies.

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Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $114,300 to Angela for $127,000. Of this inventory, $43,600 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $153,600 to Angela for $192,000. A total of $50,400 of this inventory was not sold to outsiders until 2022. In 2021, Angela reported separate net income of $168,000 while Corby's net income was $102,000 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary

Answers

Answer: $9628

Explanation:

First, we need to calculate the gross profit which will be:

= $127,000 - $114,300

= $12700

Then, gross profit rate will be:

= Gross profit / Sales × 100

= ($12700 / $127,000) × 100

= 10%

Unrealized profit on $43,600 will be:

= 10% × $43600

= 0.1 × $43600

= $4360

The unrealized profit for 2021 will be calculated as:

= $192,000 - $153,600

= $38400

Then, gross profit rate will be:

= Gross profit / Sales × 100

= ($38400 / $192,000) × 100

= 20%

Unrealized profit on $50,400 will be:

= 20% × $50,400

= 0.2 × $50,400

= $10080

The noncontrolling interest in the 2021 income of the subsidiary will then be:

Income of Corby company = $102000

Add: Deferal of unrealized gross profit = $4360

Less : Unrealized profit on current year = $10080

Adjusted income = $96280

Non controlling interest at 10% will then be:

= 10% × $96280

= 0.1 × $96280

= $9628

Compared to the recommended percentages that should be allocated to transportation, 18% is _____.
A.too low
B.in the middle
C.the max
D.too high

Answers

Compared to the recommended percentages that should be allocated to transportation, 18% is too low. The correct option is A.

What is allocation in work?

Allocation targets are logical groupings of users or work queues that can be assigned tasks and notifications. This enables the workflow administrator to assign tasks and notifications to a diverse group of users within the organization.

The freight expenditure incurred by the consumer to have purchased goods delivered is known as transportation-in. Costs such as freight insurance and customs duties can be included in this category.

Thus, the ideal selection is option A.

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Which are examples of marketing,sales,and service workplaces? Check all that apply

A:ladoratories
B:schools
C:vehicles
D:warehouses
E:farms
F:stores
G:offices

Answers

Answer:

they are correct

Explanation:

Which are examples of marketing,sales,and service workplaces? Check all that applyA:ladoratoriesB:schoolsC:vehiclesD:warehousesE:farmsF:storesG:offices

Warehouses, stores, and offices are examples of places of employment for marketing, sales, and service. Thus, options D, F, and G are correct.

Why do individuals work in sales, marketing, and service?

Most employees in these areas work there to boost product and service sales.

The vast majority of businesses depend on sales and marketing to generate revenues.

Their salespeople generate a large portion of their revenue. As a result, sales and marketing experts are highly sought after in all sectors of the economy.

It explains why marketing positions are available in every sphere of the economy.

As a result, the traditional places of employment for those in the marketing, sales, and service sectors are establishments like stores, factories, and warehouses.

In both your personal and professional life, a job in sales may provide you with stimulating and rewarding options.

The chance to become a top sales earner is available to those with the following qualities: creativity, knowledge, strategy, independence, confidence, and motivation.

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Jakarius encourages his employees to focus on their own well-being and he truly hopes they will flourish. Jakarius is well on his way to:____________
a) expanding his employees’ skills.
b) designing jobs for task significance.
c) fairly compensating employees for their hard work.
d) creating a positive work environment.

Answers

Jakarius, who encourages his employees to focus on their well-being, is well on his way to d) creating a positive work environment.

What is a positive work environment?

A positive work environment refers to a workplace where the following qualities and values are present and upheld:

TrustCooperationSafetyRisk-taking supportAccountabilityEquity.

A positive work environment encourages employees to flourish as well as meet the organization's goals.

Thus, Jakarius, who encourages his employees to focus on their well-being, is well on his way to d) creating a positive work environment.

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The indirect method of calculating depreciation include the
Capitalization method
Market data method
Both a s b
Neither a nor b

Answers

The indirect method of calculating depreciation includes the Capitalization method and Market data method both a and b. The correct option is C.

How depreciation is calculated?

The cost of the asset less any salvage value over the course of its useful life is the fundamental formula for calculating depreciation. For accounting and tax purposes, depreciation is handled differently, but the fundamental calculation is the same. One way to lower your business tax bill is to claim depreciation expenses each year.

Depreciation expense must be added back to net income under the indirect method because net income serves as the starting point for calculating cash flows from operating activities. Due to the fact that they do not actually use company cash in addition to depreciation, companies may add additional costs and losses to net income.

Thus, the ideal selection is option C.

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On May 20, White Repan Service extended an offer of $108,000 for land that had been priced for sale at $140,000 On May 30 White Repair Service accepted the sellers counteroffer
of $115.000. On June 20. the land was assessed at a value of $95 000 for property tax purposes On July 4 White Repair Service was offered S150.000 for the land by a national retail
chain At what value should the land be recorded in White Repair Service's records?

Answers

Answer:

$115.000.

Explanation:

As per the guidelines of the generally accepted accounting principles, assets should be recorded at their acquisition price. The value to be recorded is the price paid for the asset.

For White Repan Service, the amount they paid for the land was the counteroffer from the seller. White Repan Service paid $105,000 for the land. The value to be recorded should be $105,000.

Recently, "de-dollarization" has become a hot topic of global discussion. Recently, a Chinese think tank published an article saying that the trend of global de-dollarization has become very clear, and many countries in the world are working hard to reduce their dependence on the US dollar. The main driving force for this trend is my country's weaponization of its currency through excessive sanctions.

Answers

De-dollarization, or the reduction of dependence on the US dollar in global financial transactions, has indeed gained attention in recent years. While it is true that some countries are actively working to diversify their currency holdings and reduce reliance on the US dollar, it is essential to consider multiple factors that contribute to this trend.

One of the factors that have led to discussions about de-dollarization is the use of economic sanctions by the United States. Economic sanctions can be a powerful tool for a country to exert pressure on another nation, but they can also have unintended consequences. When the US imposes sanctions, it often restricts access to the US financial system, which is heavily reliant on the US dollar. This has prompted some countries to explore alternative methods of conducting international trade and finance to mitigate the impact of sanctions.

China, as a rising economic power, has been at the forefront of efforts to promote de-dollarization. It has taken steps to internationalize its currency, the yuan (also known as the renminbi), and has established currency swap agreements with various countries to facilitate trade settlements in yuan. Additionally, China has been promoting the use of its currency in international transactions through initiatives like the Belt and Road Initiative, which aims to enhance trade connectivity and financial integration among participating countries.

While weaponization of the US dollar through sanctions is indeed a contributing factor to the de-dollarization trend, it is not the sole driver. Other factors include concerns about the long-term stability of the US dollar, efforts by countries to reduce vulnerability to currency fluctuations, and geopolitical considerations. Some countries view de-dollarization as a way to enhance their economic and financial sovereignty, diversify risk, and reduce exposure to potential US policy changes.

It is important to note that the process of de-dollarization is gradual and complex. The US dollar still remains the dominant global reserve currency and the primary currency for international trade. The global financial system has deep-rooted structures and networks that make a rapid shift away from the US dollar challenging. However, as various countries seek to reduce their dependence on the US dollar, we can expect ongoing discussions and actions related to de-dollarization in the global economic landscape.

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