Determine whether each consequence of poor financial decisions is an initial consequence or a long-term

consequence

Simon lost $5,000 gambling this year on a trip to Las Vegas. In addition, he paid $2,000 to his broker for managing his $200,000 portfolio and $1,500 to his accountant for preparing his tax return.

M&R Company provided $2,000 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end.

Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Revenues $ 100,000 Accounts receivable decrease $ 24,000 Expenses Purchased a machine for cash 10,000

Pember Corporation started business in 2007 by issuing 200,000 shares of $20 par common stock for $36 each. In 2012, 30,000 of these shares were purchased for $52 per share by Pember Corporation and held as treasury stock.

For each of the three properties of equivalence relations (reflexivity, symmetry, and transitivity), come up with an example of a relation that does not have that property, but does have the other two.

Amanda Company is considering the replacement of a machine that is presently used in production. The following data are available: Old Machine New Machine Original cost $200,000 $160,000 Useful life in years 10 5 Current age in years 5 0 Book value

Accounting principles are "generally accepted" only when I. an authoritative accounting rule-making body has established it in an official pronouncement. II. a given practice has been accepted as appropriate because of its universal application. A.

The U. S. money supply (M1) at the beginning of 2015 was $2,683.3 billion broken down as follows: $1,165.7 billion in currency, $3.5 billion in traveler's checks, and $1,514.1 billion in checking deposits.

Charley has a typing service. he estimates that a new computer will result in increased cash inflow $1,600 in year 1, $2,000 in year 2 and $3,000 in year 3.

Real GDP per person in Northland is $30,000, while real GDP in Southland is $10,000, However, Northland's real GDP per person is growing at 1 percent per year, and Southland's real GDP per person is growing at 3 percent per year.