Answer:
If we add up the debit we got: 260,000 + 116,000 = 376,000
adding the credit we also get the same amount:
260,000 + 116,000 = 376,000
the accounting equation will be:
Assets 376,000 = Liabilities 116,000 + Equity 260,000
Explanation:
CASH
DEBIT CREDIT
260,000
EQUIPMENT
DEBIT CREDIT
116,000
ACCOUNTS PAYABLE
DEBIT CREDIT
116,000
COMMON STOCK
DBEIT CREDIT
260,000
To record the first two transactions of Seventh Investments, Inc. in the T-accounts, debit the Cash and Computer Equipment accounts and credit the Common Stock and Accounts Payable accounts. To show that total debits equal total credits, calculate the balance of each account and compare the sum of the debit balances with the sum of the credit balances.
Explanation:A T-account is a tool used in accounting to separate a firm's assets from its liabilities. In the case of Seventh Investments, Inc., the T-accounts would be used to record the company's transactions. The first transaction is the issuance of common stock for cash, which would be recorded by debiting the Common Stock account and crediting the Cash account. The second transaction is the purchase of computer equipment on account, which would be recorded by debiting the Computer Equipment account and crediting the Accounts Payable account.
Cash T-account:
Debit (+) $260,000
Common Stock T-account:
Credit (-) $260,000
Computer Equipment T-account:
Debit (+) $116,000
Accounts Payable T-account:
Credit (-) $116,000
To ensure that total debits equal total credits, you need to calculate the balance of each account. If the sum of the debit balances equals the sum of the credit balances, then the total debits equal the total credits.
The following information is available for Kinsner Corporation: Total fixed costs $313,500 Variable costs per unit $99 Selling price per unit $154 If management has a targeted net income of $46,200, then the number of units that must be sold is ________. Select one: A. 6,540 units B. 2,036 units C. 2,336 units D. 5,700 units
Answer:
The number of units that must be sold is A. 6,540 units
Explanation:
The number of units must be sold to meet the target profit figure are calculated by using following formula:
The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.
Contribution margin per unit = Sales price per unit – Variable cost per unit = $154 - $99 = $55
The number of units must be sold = ($313,500 + $46,200)/$55 = 6,540 units
Following are the January transactions:
Received a $665 deposit from a customer who wanted her piano rebuilt in February.
Rented a part of the building to a bicycle repair shop; $685 rent received for January.
Delivered five rebuilt pianos to customers who paid $18,675 in cash.
Delivered two rebuilt pianos to customers for $9,600 charged on account.
Received $8,000 from customers as payment on their accounts.
Received an electric and gas utility bill for $395 for January services to be paid in February.
Ordered $1,255 in supplies.
Paid $2,600 on account in January.
Paid $12,200 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g).
Prepare journal entries for the above January transactions.
The question asks for the preparation of journal entries for various January transactions in a business context.
Explanation:The subject of this question is Business. The question is asking to prepare journal entries for various January transactions. To prepare journal entries, we need to record the transactions in the appropriate accounts, following the rules of double-entry bookkeeping.
Three important steps are involved in preparing journal entries:
Analyze the transaction and determine the accounts affected.Identify the account type (asset, liability, equity, revenue, or expense) and the impact of the transaction on the account.Record the transaction in the journal, using debits and credits to maintain the accounting equation (Assets = Liabilities + Equity). Debits are recorded on the left side of the account, while credits are recorded on the right side of the account.Based on the given transactions, you will need to analyze and record the corresponding journal entries, considering the impact on different accounts such as cash, accounts receivable, rent revenue, supplies, accounts payable, wages expense, and utility expense.
Learn more about Journal Entries here:https://brainly.com/question/33762471
#SPJ12
A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sachs will be the lead underwriters. The value of the company has been estimated to range from a low of $5billion to a high of $100billion, with $45billion being the most likely value. If there is a 20% chance that the price will be at the low end, a 10% chance that the price will be at the high end, and a 70% chance that the price will be in the middle, what value should the owner expect the company to price at?
The expected value of the company's price at public offering, considering the probabilities and values provided, is calculated to be $42.5 billion.
Explanation:The expected value of the company's price when it goes public can be calculated using the probabilities and values given. The expected value (EV) is calculated by multiplying each possible value by its corresponding probability and summing these products. Therefore, the calculation is as follows:
20% chance at $5 billion = 0.2 * 5 = $1 billion70% chance at $45 billion = 0.7 * 45 = $31.5 billion10% chance at $100 billion = 0.1 * 100 = $10 billionAdding these values together, the EV = $1 billion + $31.5 billion + $10 billion = $42.5 billion.
Thus, the owner should expect the company to price at around $42.5 billion when it goes public.
All of the following are ethical sources of data for external analysis EXCEPT: a. trade shows. b. a competitor's help-wanted advertisements. c. a competitor's confidential memos. d. a competitor's annual reports.
Answer:
c. a competitor's confidential memos.
Explanation:
Using a competitor's confidential memos for external analysis is not an ethical practice. To use confidential internal memos is unethical and it might be illegal in some situations because you might use an illegal and unethical way to obtain that information. All the other options Trade shows, Advertisements and annual report are the publicized data which could be used. Competitive Intelligence is a practice in the market to to gather competitor's data by using all the public information available which is legal and ethical too.
A competitor's confidential memos are not an ethical source of data for external analysis, unlike trade shows, help-wanted ads, and annual reports, which are publicly available and ethical to use.
The question asks which of the following is not an ethical source of data for external analysis: a. trade shows, b. a competitor's help-wanted advertisements, c. a competitor's confidential memos, d. a competitor's annual reports. The ethical sourcing of data is critical for maintaining professional integrity and adhering to legal standards in business practices. Ethical sources include publicly available information such as data from trade shows, help-wanted advertisements, and annual reports. These sources are openly accessible to the public and do not infringe upon privacy or proprietary rights.
Conversely, a competitor's confidential memos are not an ethical source of data for external analysis. These documents are considered proprietary and confidential, accessing them without permission constitutes a breach of privacy and can result in legal consequences as well as damage to professional relationships and reputation.
Therefore, the correct answer to the question is c. a competitor's confidential memos.
Individuals are rationally ignorant about the wealth implications of government activities because the cost of acquiring such information is high and the private benefit is low.true or false
Answer:
The answer is true
Explanation:
The cost of acquiring information about the wealth implications of government activities is high
The following quote best describes ________. "The marvels of modern technology include the development of a soda can which, when discarded, will last forever, and a car, which when properly cared for, will rust out in two or three years."
A) planned obsolescence
B) product failure
C) deceptive promotions
D) deceptive packaging
E) excessive markups
Answer:
E)excessive markups
Explanation:
the car must was the must to the book
Final answer:
The quote describes planned obsolescence, a business strategy where products are designed to become obsolete quickly, forcing consumers to buy new ones. This practice is common in electronics and fashion, highlighting issues of environmental waste and economic consumption.
Explanation:
The quote “The marvels of modern technology include the development of a soda can which, when discarded, will last forever, and a car, which when properly cared for, will rust out in two or three years” best describes planned obsolescence. Planned obsolescence is a strategy used by companies to create products that are designed to become obsolete or unusable after a certain period, forcing consumers to purchase new ones. This concept is evident in various sectors, from electronics where smartphones and laptops are made with non-upgradeable components or batteries, to the fashion industry with goods like the nylon stockings that wear out quickly. On a wider scale, this practice has significant environmental and economic implications, encouraging a cycle of continuous consumption and waste.
Fixed Costs,or overhead,are expenses that are the same no matter how much product you sell. Identify the fixed costs for your cafe, estimate the monthly amount for each, and calculate the monthly total.
Answer:
Total cost = $14,720 per month.
Explanation:
There is a kiosk café near my house that runs for 40 hours a week and its fixed cost comprises of basically of rent and labour, it employs a Barista, a baker and a manager. Below is what the total fixed cost looks like
Rent = $8000 Per month
Labour (barista$8, baker$8 and manager$14 all per hour) = $6720(assuming a 160 working hours per month.
Therefore, the overhead cost is $14,720 per month.
Fixed costs for the cafe include rent, insurance, salaries, equipment leases, and utilities. Estimating these monthly expenses helps determine the business's stable operational costs, vital for financial planning.
In your cafe, fixed costs typically remain constant regardless of sales volume. Common fixed costs include rent or lease payments, insurance premiums, salaries of salaried employees, equipment leases, and utilities like internet and phone services.
To estimate the monthly amounts, tally up these expenses from your records or contracts. For instance, if your rent is $2,000, insurance is $300, and utilities cost $500 per month, the total fixed costs would be $2,800 monthly. This calculation helps you understand your baseline operational expenses, allowing you to plan your budget and pricing strategies effectively.
For more questions on Fixed costs
https://brainly.com/question/32973182
#SPJ3
A local bank advertises the following deal: ""Pay us $100 a year for 10 years and then we will pay you (or your beneficiaries) $100 a year forever."" Is this a good deal if the interest rate is 6%?
Answer: at $194.6673, it is a good deal to invest
Explanation:
From the statement made by the bank that investors should pay $100 per year for 10 years to get a return of $100 per year forever at an interest rate of 6%, we would need to calculate the Present net value to determine if this is a good deal.
Present net value = Present value of Perpetuity - Present value of Annuity
let us solve for each;
⇒ Present value of annuity in year 0
Present value = payment made × [(1- 1/(1+interest rate)yrs) / interest rate]
= $100 × [(1- 1/(1+6%)¹⁰) / 6%]
= $100 × [(1- 1/(1.06)¹⁰) / 0.06] = $100 ˣ 7.360087
Present value of annuity₀ = $736.0087
⇒ Value of Perpetuity in year 10
Present value of Perpetuity₁₀ = Amount / Rate
= $100/6% = $100/0.06 = $1666.7
∴ Present value of Perpetuity₁₀ = $1666.7
⇒ Present value of perpetuity in year 0
Present value of Perpetuity₀ = Value of Perpetuity in the end of year 10 / (1 + Rate)ⁿ
where n = no of years
= $1666.7 /(1 + 6%)¹⁰ = $930.676
Present value of Perpetuity₀ = $930.676
Therefore the Net Present value = Present value of perpetuity(inflow) - Present value of annuity(outflow)
Therefore the Net Present value = $930.676 - $736.0087 = $194.6673
⇒This means that the net present value of the investment is a positive value i.e. $194.6673, so it is a good deal of investment.
cheers i hope this helps.
Answer: The answer is $16,666.6, it is a good deal of investment
Explanation:
Using the formula Present Value (PV) of perpetuity = R/i
n= 1
Where R= The receipt for payment and
i = The rate of interest per compounding period
Since n = 10, i = 6% (6 ÷ 100) = 0.06
i = 0.06 ÷ 10
= 0.006
Using the value in the formula we get
PV of perpetuity = 100 ÷ 0.006
= $16,666.6
It is a good deal of investment
Diaz Company owns a milling machine that cost $125,100 and has accumulated depreciation of $93,400. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.
The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
Diaz sold the machine for $17,000 cash.
Diaz sold the machine for $31,700 cash.
Diaz sold the machine for $40,500 cash.
Answer:
Diaz sold the machine for $17,000 cash.
Dr. Cr.
Cash $17,000
Accumulated Depreciation $93,400
Loss on Sale $14,700
Machinery (Asset) $125,100
Diaz sold the machine for $31,700 cash.
Dr. Cr.
Cash $31,700
Accumulated Depreciation $93,400
Machinery (Asset) $125,100
Diaz sold the machine for $40,500 cash.
Dr. Cr.
Cash $40,500
Accumulated Depreciation $93,400
Gain on sale $8,800
Machinery (Asset) $125,100
Explanation:
Diaz sold the machine for $17,000 cash.
Loss on Sale = 125,100 - 93,400 - 17,000 = -14,700
Diaz sold the machine for $31,700 cash.
Loss on Sale = 125,100 - 93,400 - 31,700 = 0
Diaz sold the machine for $40,500 cash.
Loss on Sale = 125,100 - 93,400 - 40,500 = 88,00
Yvonne and Garret are looking at information about how their organization's products could fit potential customers' needs. This information deals with demographic characteristics, product benefits sought, lifestyles, geographic factors, brand preferences, and usage rates. They are most likely looking at
Answer:
a market segment profile.
Explanation:
A market segment profile -
It refers to the detailed information and analysis of the market on the wider range of aspects , is referred to as a market segment profile .
It helps of understand the factors in a better manner , which can be advantageous for the company or organisation .
The information is about the brand preference , geographical aspects , benefits of the products etc,.
Hence , from the given scenario of the question,
The correct term is a market segment profile .
When Target Corporation attempted to expand into the Canadian market in 2013 to establish itself as an international firm, it was adopting a stance toward the global retail environment.
Answer:
proactive
Explanation:
The Target Corporation tried to be proactive in nature instead of just relying on the response to an unsuitable market conditions. The company created a series of proactive measures for the global retail environment. This helped the company to be able to respond to the change in the conditions of the Canadian market due to change in demand and supply.
A company is in its first month of operations. Supplies worth $4,000 were purchased on January 5. At the end of the month supplies worth $3,000 were in hand. What adjusting entry would be made at the end of January?
Answer:
Adjustying Entry at the end of January
Dr. Cr.
Supplies Expense Account $1,000
Supplies Inventory Account $1,000
Explanation:
Opening supplies = 0 (First month of operation)
Purchases on January 5 = $4,000
Supplies on January 31 = $3,000
Closing Inventory = Opening Inventory + Purchase during the month - Expense for the month
$3,000 = $0 + $4,000 - Expense for January
Expense for January = $4,000 - $3,000 = $1,000
The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2017:
Cash and cash equivalents, governmental activities $3,640,000
Cash and cash equivalents, business-type activities 832,000
Receivables, governmental activities 615,000
Receivables, business-type activities 1,259,000
Inventories, business-type activities 492,000
Capital assets, net, governmental activities 10,030,000
Capital assets, net, business-type activities 10,740,000
Accounts payable, governmental activities 615,000
Accounts payable, business-type activities 624,000
Noncurrent liabilities, governmental activities 5,160,000
Noncurrent liabilities, business-type activities 3,039,000
Net position, net investment in capital assets, governmental activities 4,870,000
Net position, net investment in capital assets, business-type activities 7,701,000
Net position, restricted for debt service, governmental activities 714,000
Net position, restricted for debt service, business-type activities 211,000
From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2017.
The Statement of Net Position for the City of Southern Springs includes cash and cash equivalents, receivables, capital assets, accounts payable, noncurrent liabilities, and net position for both governmental and business-type activities.
Explanation:Statement of Net Position for the City of Southern Springs as of April 30, 2017
Governmental Activities:
Cash and cash equivalents: $3,640,000Receivables: $615,000Capital assets, net: $10,030,000Accounts payable: $615,000Noncurrent liabilities: $5,160,000Net position, net investment in capital assets: $4,870,000Net position, restricted for debt service: $714,000Business-Type Activities:
Cash and cash equivalents: $832,000Receivables: $1,259,000Inventories: $492,000Capital assets, net: $10,740,000Accounts payable: $624,000Noncurrent liabilities: $3,039,000Net position, net investment in capital assets: $7,701,000Net position, restricted for debt service: $211,000Learn more about Statement of Net Position here:https://brainly.com/question/32370618
#SPJ12
The T-account balance sheet for the bank lists reserves, government bonds, and loans as assets, totaling $620. The only liability listed is deposits at $400. The bank's net worth, calculated as total assets minus total liabilities, is $220.
Explanation:Bank's T-Account Balance SheetTo create a T-account balance sheet for the bank, we list assets on the left side and liabilities plus equity on the right side:
AssetsReserves: $50Government Bonds: $70Loans: $500Liabilities and EquityDeposits: $400The net worth or equity of the bank is the difference between the total assets and total liabilities. In this case:
Total Assets = $50 (reserves) + $70 (bonds) + $500 (loans) = $620
Total Liabilities = $400 (deposits)
Net Worth (Equity) = Total Assets - Total Liabilities = $620 - $400 = $220
Therefore, the bank's net worth is $220.
Learn more about T-Account Balance Sheet here:https://brainly.com/question/34197312
#SPJ3
Frederick W. Taylor is speaking to a friend about scientific management. Which of the following statements might Frederick say?
(A) "Make sure your managers are spending time in five different areas: planning, organizing, commanding, coordinating, and controlling. If they’re overlooking an area, the company won’t be as effective."
(B) "Are you dividing work and responsibility equally between managers and employees? Managers need to provide friendly help to the workers they employ."
(C) "What kinds of rules and procedures do you have in place? Create a set of rules and apply them consistently throughout the organization."
Frederick W. Taylor would likely discuss the equal division of work and responsibility between managers and employees, reflecting his emphasis on scientific management, time and motion studies, and improving workplace efficiency.
Explanation:If Frederick W. Taylor were speaking to a friend about scientific management, he might say: "Are you dividing work and responsibility equally between managers and employees? Managers need to provide friendly help to the workers they employ." This statement aligns with Taylor's philosophy on improving efficiency and productivity in the workplace through careful study and redesign of work processes and fostering a supportive relationship between management and workers. Taylor's approach emphasized the importance of time and motion studies for creating efficient work processes and believed that the goal of management should be to maximize productivity, benefiting both the employer and the employees.
A 10-year German government bond (bund) has a face value of €100 and a coupon rate of 5% paid annually. Assume that the interest rate (in euros) is equal to 6% per year. What is the bond’s PV?
Answer:
€92.64
Explanation:
The present value i.e PV formula is used that is shown in the attached spreadsheet
The NPER reflects the time period.
Given that,
Future value = €100
Rate of interest = 6%
NPER = 10 years
PMT = €100 × 5% = €5
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be €92.64
To find the present value of a bond, calculate the present value of its future coupon payments and its face value, then sum these values. The present value of the bond is the amount it would be worth in today's euros.
Explanation:The bond's present value (PV) is computed using a discount rate equal to the market interest rate and cash flows based on the bond's face value and coupon rate. The bond pays an annual coupon of €5 (€100 * 5%) for 10 years and pays back the face value of €100 at maturity. Each cash flow is discounted back at the 6% interest rate:
PV of Coupons = €5 / (1+0.06)¹ + €5 / (1+0.06)² + ... + €5 / (1+0.06)¹⁰PV of Face Value = €100 / (1+0.06)¹⁰Adding these two components together gives the total present value of the bond. This tells us how much the bond would be worth in today's euros, given the future cash flows and the market interest rate.
Learn more about Present Value of Bonds here:https://brainly.com/question/29451394
#SPJ11
Consider the market for plane tickets to Hawaii. A bad winter in the mainland United States increases demand for tropical vacations, shifting the demand curve to the right. The supply curve stays constant. Total surplus will:
Answer:
Increase
Explanation:
Consumer surplus means the difference between the highest price a consumer is willing to pay and the actual market price of a product
Producer surplus means the difference between the market price and the lowest price a producer is willing to take for his product.
The addition of the two gives total surplus which is also known as economic surplus.
In economics, market price and quantity of a good are obtained when supply and demand curves intersect. The space before the intersection of the two curves is where the consumer is ready to pay higher than the price which suppliers is ready to a given quantity the good. There is therefore surplus for both of them at the market price.
If the demand curve shifts to the right while the supply curve remains constant, the market price will rise and this will lead to increase both consumer and producer surplus increase. By implication, total surplus will rise since it is the addition of both consumer and producer surplus.
Therefore, total surplus will increase if a bad winter in the mainland United States increases demand for tropical vacations, which shifts the demand curve to the right while the supply curve stays constant.
I wish you the best.
Answer:
increase because both consumer and producer surplus increase
Charles Berkle is the manager of Nogain Manufacturing and is interested in doing a cost of quality analysis. The following cost and revenue data are available for the most recent year ended December 31: Sales revenue$250,000 Cost of goods sold 140,000 Warranty expense 21,000 Inspection costs 15,000 Scrap and rework 8,600 Product returns due to defects 6,000 Depreciation expense 10,000 Machine maintenance expense 3,000 Wage expense 35,000 Machine breakdown costs 4,000 Estimated lost sales due to poor quality 5,000
Explanation:
a. The classification is shown below:
Prevention cost: This cost incurred so that the faults, or defects could be minimized as compare to before. It includes the machine maintenance expense i.e $3,000
Appraisal cost: This cost incurred specially to meet the quality of the customer expectations. It is a quality control cost. It includes the inspection cost of $15,000
Internal failure: This cost is occurred before delivery the product from the factory. It includes Scrap and rework of $8,600 and Machine breakdown cost of $4,000
External failure: This cost is occurred after delivery the product. It includes the warranty expense of $21,000, product return due to defects of $6,000 and Estimated lost sales due to poor quality of $5,000
b. Now the percentage is
= (Prevention and appraisal cost) ÷ (Sales revenue) × 100
= ($3,000 + $15,000) ÷ ($250,000) × 100
= 7.2%
c. The percentage is
= (Internal and external failures) ÷ (Sales revenue) × 100
= ($8,600 + $4,000 + $21,000 + $6,000 + $5,000) ÷ ($250,000) × 100
= 17.84%
Below is the attachment for cost of quality report
Frank purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. The mortgage has a fixed interest rate of 5 percent compounded monthly. If he wants to pay off his mortgage today, how much money does he need? He made his most recent mortgage payment earlier today. (Round your intermediate calculation and your answer to two decimal places.)
Answer:
The answer is $76,312.05
Explanation:
We have monthly interest rate which is discount rate is: 5% / 12 = 0.42%;
The mortgage will have 25 x 12 = 300 payments;
The monthly payment is calculated by applying present value for annuity as below:
(150,000 x 0.42%) / [ 1 - (1+0.42%)^(-300)] = $880.38
As at the time of fully pay-off, there are (25-16) * 12 = 108 payments left.
The amount needs to fully pay-off this loan is equal to the present value of 108 payments left which is calculated as below:
(880.38/0.42%) * ( [ 1 - (1+0.42%)^(-108)] = $76,312.05.
So, the answer is $76,312.05.
A manager who allows employees to make the decisions necessary to face a rapidly changing environment promotes a culture, which emphasizes an internal focus on the participation of employees to adapt rapidly to change.
True or False?
Explanation:
Yes, the answer is in fact true
The last stage of Monsanto’s commercialization path involved Select one: a. sustainability as a corporate goal b. promises of further innovations c. competition from DuPont d. government restrictions
Answer:
The correct answer is c. competition from DuPont
Explanation:
Municipal short-term notes are used for: (A) Interim financing (B) Permanent financing (C) Long-term financing (D) Project financing
Answer: (A) Interim financing
Explanation:
Municipal short notes are also known as short term debt securities which are issued in order to raise finances for daily activities or specialised projects. They are issued by local or State government and are not taxable even at federal level. Examples includes RANS TANS, used for interim or temporary sources of finances.
Municipal short-term notes are used for interim financing to support temporary funding needs for cities and townships during project preparation or construction, not for long-term finance which is typically sourced through the issuance of various types of bonds.
Explanation:Municipal short-term notes are predominantly used for interim financing. This type of financing is a temporary solution that allows cities and townships to manage their finances while they are preparing for or constructing projects such as new infrastructure, a school, or a sewer treatment plant. Unlike capital markets that are used for the raising of long-term finance, municipal short-term notes are not intended for investments that take several years to provide a return or to repay the money back. Instead, they have maturities that are typically less than one year, such as 1-month, 3-months, 6-months, or up to 1-year durations.
Municipal bonds, another type of borrowing for local governments, are meant to finance both discretionary and non-discretionary large-scale projects. Voters may be involved in bond elections for discretionary items, clearly distinguishing it from short-term interim financing. For the development of long-term infrastructure or permanent financing needs, local governments issue these bonds, agreeing to pay back the borrowed amount with interest over an extended time period.
The cost for manufacturing a component used in intelligent interface converters was $23,000 the first year. The company expects the cost to increase by 2% each year. Calculate the present worth of this cost over a fiveyear period at an interest rate of 10% per year.
Answer:
present worth = $7380
Explanation:
given data
initial cash flow = $23,000
geometric gradient = 2%
interest rate i = 10% per year
time period = 5 year
solution
we get here present worth cost that is
present worth = initial cash flow × [tex]\frac{1-(\frac{1+g}{1+i})^t}{1-g}[/tex] ......................1
put here value and we get
present worth = $23,000 × [tex]\frac{1-(\frac{1+0.02}{1+0.10})^5}{1-0.02}[/tex]
present worth = $23,000 × 0.32087
present worth = $7380
Hunter Company reported a net loss of $12,000 for the year ended December 31, 2017. During the year, accounts receivable decreased $28,000, inventory increased $20,000, accounts payable increased by $30,000, and depreciation expense of $24,000 was recorded. During 2017, operating activities:
1. used net cash of $10,000. used net cash of $25,000.
b. provided net cash of $25,000. provided net cash of $10,000.
Answer:
$50,000
Explanation:
The preparation of the operating activities under the indirect method is shown below:
Cash flows from operating activities
Net loss -$12,000
Add: Depreciation expense $24,000
Add: Decrease in account receivable $28,000
Less: Increase in inventory -$20,000
Add: Increase in account payable $30,000
Cash provided from operating activities $50,000
The options are incorrect. The right answer is shown above
On May 1, Mary's Morsels Company provided catering services at a wedding. The bride is billed $4,000 and will pay during the following month. Record this transaction on May 1 in the accounting equation of Mary's Morsels by:
Answer:
accounts receivables 4,000 debit
services revenue 4,000 credit
Explanation:
The accounting works with accrual basis so we will reocrd the transaction when it was performed regarding of the time of collection of the catering services.
The accounting wil represent the fact the services weren't pay at the moment of performance thus, the business has the claim on the billed amount.
Also, it will represent the amount earned for the business which is the 4,000 dollar billed.
The accounting transaction for Mary's Morsels Company will be recorded as a $4000 increase in Assets (Accounts Receivable) and a $4000 increase in Equity (Service Revenue), per the principles of accrual accounting.
Explanation:In the given scenario, Mary's Morsels Company has provided a catering service but the payment of $4000 will be received in the following month. This is known as accrual accounting. For May 1, the entry in the accounting equation would show an increase in Accounts Receivable and an increase in Service Revenue, both by $4000.
This means the accounting equation is as follows: Assets = Liabilities + Equity
Here, Assets (Accounts Receivable) increase by $4000 and Equity (Service Revenue) also increases by $4000, while there is no change in liabilities. So, you would add $4000 to both sides of the equation.
Learn more about accrual accounting here:https://brainly.com/question/34770329
#SPJ3
Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividends, and it has ending total equity of $4.99 million. The company currently has 130,000 shares of common stock outstanding.a. What are earnings per share?b. What are dividends per share?c. What is the book value per share?d. If the stock currently sells for $74 per share, what is the market-to-book ratio?
Answer:
a. $3.5 per share
b. $1.49 per share
c. $38.38 per share
d. 1.93 times
Explanation:
The computation is shown below:
a. Earning per share = (Net income) ÷ (Number of shares)
where,
Net income = Additions to retained earnings + cash dividends
= $261,000 + $194,000
= $455,000
So, the earning per share equal to
= $455,000 ÷ 130,000 shares
= $3.5 per share
b. Dividend per share = (Total dividend) ÷ (number of shares)
= ($194,000) ÷ (130,000 shares)
= $1.49 per share
c. Book value per share = (Total equity) ÷ (number of shares)
= ($4,990,000) ÷ (130,000 shares)
= $38.38 per share
d. Market to book ratio = (Market price per share) ÷ (book value per share)
= $74 ÷ $38.38
= 1.93 times
Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are: 1 customer: $30 2 customers: $32 3 customers: $35 4 customers: $38 5 customers: $42 6 customers: $48 7 customers: $57 8 customers: $68. If you are compensated $10 per ride, what customer load would you choose?
Answer:
Explanation:
I will choose 1 customer because I will end up carry 1 load and get $10 dollars... Since the compensation is per ride not per customers...
Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3.1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. Depreciation Expense1 Year Straight-Line Method Units-of-Activity Method Double-Declining-Balance Method2 Year 13 Year 24 Year 35 Total2. What method yields the highest depreciation expense for Year 1?a. Straight-line methodb. Units-of-output methodc. Double-declining-balance methodd. All three depreciation methods3. What method yields the most depreciation over the three-year life of the equipment?a. Straight-line methodb. Units-of-output methodc. Double-declining-balance methodd. All three depreciation methods
Explanation:
The computation is shown below:
a) Straight-line method:
= (Purchased cost of packaging equipment - residual value) ÷ (expected useful life)
= ($72,000 - $4,500) ÷ (3 years)
= ($67,500) ÷ (3 years)
= $22,500
In this method, the depreciation is same for all the remaining useful life
So for all years, the total depreciation is
= $22,500 × 3 years
= $67,500
(b) Double-declining balance method:
First we have to find the depreciation rate which is shown below:
= One ÷ expected useful life
= 1 ÷ 3
= 33.33%
Now the rate is double So, 66.67%
In year 1, the original cost is $72,000, so the depreciation is $48,000 after applying the 66.67% depreciation rate
And, in year 2, it would be
= ($72,000 - $48,000) × 66.67%
= $16,000
And, in year 3, it would be
= $67,500 - $48,000 - $16,000
= $3,500
So the total depreciation is
= $48,000 + $16,000 + $3,500
= $67,500
(c) Units-of-production method:
= (Purchased cost of packaging equipment - residual value) ÷ (estimated operating hours)
= ($72,000 - $4,500) ÷ (18,000 hours)
= ($67,500) ÷ (18,000 hours)
= $3.75 per hour
For first year
= 7,600 × $3.75 per hour
= $28,500
For second year
= 6,000 × $3.75 per hour
= $22,500
For third year
= 4,400 × $3.75 per hour
= $16,500
So, the total depreciation is
= $28,500 + $22,500 + $16,500
= $67,500
2. By above calculations, we concluded that the double declining method yields higher depreciation expense in year 1 i.e $48,000
3. By above calculations, we concluded that the all depreciation methods yields most depreciation over the three-year life of the equipment
In the context of strategic approaches to international staffing, which of the following is TRUE of the ethnocentric policy? a. This policy primarily aims at easing transfer of policies from subsidiary to headquarters. b. This policy encourages host-country nationals to staff key positions. c. This policy primarily encourages third-country nationals to fill key positions. d. This policy supports the view that managers from headquarters should staff key positions.
Answer:
d. This policy supports the view that managers from headquarters should staff key positions.
Explanation:
ethnocentric policy refers to employing managers based at headquarters
of the multinational company for heading the subsidiary units at different countries instead of employing local managers at local level units.
Assume for Brazil that the opportunity cost of each cashew is 100 peanuts. Which of these pairs of points could be on Brazil’s production possibilities frontier?
Answer: (200 cashews, 30,000 peanuts) and (150 cashews, 35,000 peanuts)
Explanation:
The best pair point as related to the opportunity cost is (200 cashews, 30,000 peanuts) and (150 cashews, 35,000 peanuts).
If Brazil had an opportunity cost on each cashew for 100 peanuts, then, its best pairs of points on its production possibilities frontier will be (200 cashews, 30,000 peanuts) and (150 cashews, 35,000 peanuts).
The Production possibility frontier is an economic curve that illustrates the amounts of two products that can be produced while both of them depend on the exhaustible resources.
In conclusion, the pair will be (200 cashews, 30,000 peanuts) and (150 cashews, 35,000 peanuts).
Read more about PPF
brainly.com/question/20796051
Monthly rates of return are as follows: January = 2.800%, February = 4.950% and March = 3.540%. The monthly time-weighted rate of return for the three month period is ________.
Answer:
3.76% will be the rate of return per month
while 11.71% the rate of return for the quarter
Explanation:
We have to look for a rate which is equivalent to this three rates.
[tex](1+r_1)(1+r_2)(1+r_3) = (1+r_e)^3\\(1+.028)(1+.0495)(1+.0354)=(1+r_e)^3\\\\\sqrt[3]{1,1170785644} -1 = r_e\\r_e = 0.037595086[/tex]