The year-end trial balance for beltway corporation appears as follows: beltway corporation trial balance december 31 debit credit cash $ 300 accounts receivable 500 prepaid insurance 60 supplies 140 equipment 4,000 accumulated depreciation, equipment $ 800 unearned revenues 300 common stock 1,000 retained earnings 1,400 service revenue 3,000 salaries and wages expense 1,000 rent expense 500 $ 6,500 $ 6,500 if the company has not yet recorded its performance of $200 of services to a customer who had paid in advance, the company should record an adjusting entry that
a) debits depreciation expense for $200 and credits accumulated depreciation for $200.b) debits depreciation expense for $200 and credits equipment for $200.c) debits accumulated depreciation for $200 and credits equipment for $200.d) debits equipment for $200 and credits accumulated depreciation for $200.e) debits depreciation expense for $200 and credits cash for $200.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.