Answer:
$9,124.94
Explanation:
the clean price of the bond two months ago was $5,640.
Currently, interest rate have changed and the price of the bond has changed:
the semiannual yield is 4%, that means that the bimonthly yield = 1.04 = (1 + r)³
1 + r = 1.0132
r = 0.0132
the current price of the bond:
PV of face value = $10,000 / (1 + 0.0132)²⁰ = $7,693.01
PV of coupon payments = ($300 x {[1 - (1 + 0.04)⁻⁶] / 0.04}) / (1 + 0.0132)² = $1,572.64 / (1 + 0.0132)² = $1,531.93
minus accrued interests (dirty price) = $300 x 1/3 = $100
Market value of bond = $9,124.94
Max, Inc., has two divisions, South Division and North Division. South Division's sales, contribution margin ratio, and traceable fixed expenses are $500,000, 60%, and $100,000, respectively. What is the segment margin for the South Division
Answer:
$200,000
Explanation:
Segment Margin is Profit wholly controlled by a specific division. Now, this excludes shared costs from the central Head Office.
The segment margin for the South Division is calculated as follows :
Sales $500,000
Less Variable Costs (40% x $500,000) ($200,000)
Contribution (60% x $500,000) $300,000
Less Traceable Fixed Expenses ($100,000)
Segment Margin $200,000
Conclusion
The segment margin for the South Division is $200,000
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500? a. Small automobiles become more fashionable: No change . b. The price of large automobiles rises (with the price of small autos remaining the same): (Click to select) . c. Income declines and small autos are an inferior good: (Click to select) . d. Consumers anticipate that the price of small autos will greatly come down in the near future: (Click to select) . e. The price of gasoline substantially drops: (Click to select) .
Answer:
a. Small automobiles become more fashionable:
demand curve will shift to the right, increasing total quantity demanded and prices
b. The price of large automobiles rises (with the price of small autos remaining the same):
demand curve will shift to the right, increasing total quantity demanded and prices
c. Income declines and small autos are an inferior good:
demand curve will shift to the right, increasing total quantity demanded and prices
d. Consumers anticipate that the price of small autos will greatly come down in the near future:
demand curve will shift to the left, decreasing total quantity demanded and prices
e. The price of gasoline substantially drops:
demand curve will shift to the left, decreasing total quantity demanded and prices
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands):
Sales revenue $25,000 Cost of goods sold $14,000
Interest revenue 240 Selling and administrative expense 3,200
Interest expense 440 Restructuring costs 1,500
In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.2 million and a gain on disposal of the component’s assets of $5.2 million. 600,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income (loss).
Required:
Prepare a multiple-step income statement for 2021, including EPS disclosures.
Answer:
Net income = $4,860,000
Earning Per Share
Income From Continuing Operations ($3660/600) 6.10
Income From Discontinued Operations )$1,200/600) 2.0
Net Income 8.10
Explanation:
The multiple-step income statement can be described as an income statement that differentiate a company's operating revenues and operating expenses from its nonoperating revenues, nonoperating expenses, gains, and losses. It also shows gross profit separately as net sales revenue minus the cost of goods sold.
The required multiple-step income statement can be prepared as follows:
Rembrandt Paint Company
Income Statement
For the Year Ended December 31, 2021
Particulars $'000 $'000
Sales revenue 25,000
Cost of goods sold 14,000
Gross profit 11,000
Operating expenses
Selling and administrative expense (3,200)
Restructuring costs (1,500)
Total operating expenses (4,700)
Operating income 6,300
Other income (expense)
Interest revenue 240
Interest expense (440)
Net interest revenue (expense) (200)
Income from continuing op. b4 tax 6,100
Taxes (40% * $6,100) (2,440)
Income From Continuing Operations 3,660
Discontinued operation
Loss from op. (3,200 * (1-Tax rate)) (1,920)
Gain on disposal (5,200 * (1-Tax rate)) 3,120
Income from discontinued op. 1,200
Net income 4,860
Number of common shares outstanding 600
Earning Per Share
Income From Continuing Operations ($3660/600) 6.10
Income From Discontinued Operations )$1,200/600 2.00
Net Income 8.10
A call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in the afternoon. The premium paid on the call is $5.05. What is the net profit or loss from buying the call just prior to 4 pm on November 18 if at this time the stock price per share of MassComputer is: a.$102.32 Answer:The net profit is $ -2.73 b.$97.62 Answer:The net profit is $ -7.43
Answer and Explanation:
The computation is shown below:
In the case when the stock price is $102.32
So, the net profit is
= $102.32 - $100 - $5.05
= -$2.73
In the case when the stock price is $97.62 is
= $97.62 - $100 - $5.05
= -$7.43
Hence, the same would be considered and relevant too
Which statement describes why the people in a nation with a command
economy might resist a shift to a free market economy?
A. People who hold political power are threatened by fundamental changes.
B. Workers are reluctant to give up their participation in a classless society.
C. Workers are reluctant to accept complete government control of their economy.
D. Factory and business owners are reluctant to place their capital under worker
authority Xd
Answer:
People who hold political power are threatened by fundamental changes.
Explanation:
People who hold political power are threatened by fundamental changes is the statement describes why the people in a nation with a command economy might resist a shift to a free market economy. Thus, option (a) is correct.
What is economy?The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector. The family (consumption) and company (product sales) are both parts of the economy.
According to the population is the important part of the economy. The individual citizen in the nation is a command economy might resist a shift to a free market economy. A people are the special rights to hold political power are imperiled by fundamental changes.
As a result, the significance of the economy are the aforementioned. Therefore, option (a) is correct.
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On December 1, Year 1, Bradley Corporation incurs a 15-year $200,000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in monthly installments of $2,400, which include interest computed at the rate of 12% per year. The first monthly payment is made on December 31, Year 1.
How much of the first payment made on December 31, Year 1, represents interest expense?
a 2400
b 400
c 2304
d 2000
Answer:
d 2000
Explanation:
The computation of the interest payment made is shown below:
Interest expense is
= Mortgage liability × rate of interest × given months ÷ total months
= ($200,000 × 12%) × 1 ÷ 12
= $24,000 × 1 ÷ 12
= $2,000
Hence, the correct option is d.
The following are the transactions for the month of July.
Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 41 $10
July 13 Purchase 205 12
July 25 Sold (100 ) $16
July 31 Ending Inventory 146
Required:
Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used.
Answer:
DO A BARREL ROLL
Explanation:USE THE BRAKE
A process in which computer software that uses statistical analysis, database technology, and artificial intelligence finds hidden patterns, trends, and connections in data so that business owners can make better marketing decisions and predictions about customers' behavior is known as ________. Group of answer choices Total Quality Management Data Mining Guerilla Marketing Individualized Marketing
Answer:
Data Mining
Explanation:
A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.
A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.
In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.
This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.
A process in which computer software that uses statistical analysis, database technology, and artificial intelligence finds hidden patterns, trends, and connections in data so that business owners can make better marketing decisions and predictions about customers' behavior is known as data mining. It plays a significant role in the growth and development of a business and its products or services.
Compute the weight of common equity that should be used in the firm's WACC calculation if the market value of the firm's debt is $62 million, the market value of the firm's preferred stock is $7 million and the market value of the firm's common equity is $111 million. Enter your answer as a decimal (i.e. 0.54)
Answer:
0.62 or 62 %
Explanation:
Weight of common equity = Market Value of Equity ÷ Total Market Value of Sources of Finance
where,
Market Value of Equity = $111 million
Total Market Value of Sources of Finance = $62 million + $7 million + $111 million = $180 million
therefore,
Weight of common equity = $111 million ÷ $180 million
= 0.62 or 62 %
Conclusion
the weight of common equity that should be 0.62 or 62 %
Practice Drawing Timelines!
Purpose: This section describes how to draw a timeline and visualizing the problem being presented. It is important because a time problem that is set up incorrectly will lead to incorrect answers. For each of the descriptions below, draw the timeline on your own.
Inserted a picture of your timeline (the picture can be a jpeg or pasted in a word document).
Criteria: Full points will be based three separate timelines attached as a picture. Your work should be original and not copied, borrowed, or obtained from another student (this would be cheating as defined by Texas Tech University and stated in the syllabus).
Consider an asset that generates $3,000 in 5 years and $5,000 in 1 year; discount rate - 6% (These are uneven cash flows- there is no pattern).
2. Consider an asset that pays $500 per year for 8 years (This is an annuity- it is the same cash flow, evenly spaced, for a finite time (it has an end)).
3. Consider an asset that pays $50 per year starting at the end of year 3 (This is a delayed perpetuity- it is the same cash flow evenly spaced forever, but does not begin until a future date).
Answer:
1. Since the last cash flow occurs at year 5, the timeline ends at 5th year.
2. Since the same cash flow for a finite time of 8 years, the timeline ends at 8th year.
3. The 3 dots at the end of the timeline indicates a perpetuity.
Explanation:
A timeline refers to a line that shows the timing and amount of cash flows. Therefore, we have:
1. Consider an asset that generates $3,000 in 5 years and $5,000 in 1 year; discount rate - 6% (These are uneven cash flows- there is no pattern).
Note: See number 1 in the attached photo for the timeline.
The fact that the last cash flow occurs at year 5 makes the timeline to end at 5th year.
It can also be seen in the timeline that the 6% discount rate is shown in between the previous period and the next.
2. Consider an asset that pays $500 per year for 8 years (This is an annuity- it is the same cash flow, evenly spaced, for a finite time (it has an end)).
Note: See number 2 in the attached photo for the timeline.
The fact that the same cash flow for a finite time of 8 years makes the timeline to end at 8th year.
3. Consider an asset that pays $50 per year starting at the end of year 3 (This is a delayed perpetuity- it is the same cash flow evenly spaced forever, but does not begin until a future date).
Note: See number 3 in the attached photo for the timeline.
It should be noted the 3 dots at the end of the time line indicates a perpetuity.
On April 1, 2015, the City of Southern Ponds issued $3,500,000 in 4% general obligation, tax supported bonds at 101 for the purpose of constructing a new police station. The premium was transferred to a debt service fund. A total of $3,490,000 was used to construct the police station, which was completed before December 31, 2015, the end of the fiscal year. The
remaining funds were transferred to the debt service fund. The bonds were dated April 1, 2015, and paid interest on October 1 and April 1. The first of 20 equal annual principal payments of $175,000 is due April 1, 2016.
What amount would be reported as debt service expenditures for 2015?
A) $ -0-
B) $ 70,000.
C) $140,000.
D) $245,000.
Answer:
B) $ 70,000.
Explanation:
Debt service expense
Debt service expense is the interest expense incurred to avail the debt services from another entity.
Debt service expense can be calculated using the following formula
Debt service expense = Face value of Bonds x Interest rate x Semiannual fraction
Where
Face value of bonds = $3,500,000
Interest rate = 4%
Semiannual fraction = 6 / 12 = 1/ 2
placing values in the formula
Debt service expense = $3,500,000 x 4% x 1/2
Debt service expense = $70,000
Jones Furniture Company produces beds and desks for college students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited, so at most 8 will be produced.a. Formulate the LP model for this problem. b. Solve the problem using the graphical method.
Explanation:
To formulate the LP model for this problem,
Let,
X1 = Number of beds to produce
X2 = Number of Desks to produce
Our objective function:
Max: 30X1 + 40X2
Constraints:
6X1 + 4X2 ≤ 36 available carpentry hours 4X1 + 8X2 ≤ 40 available vanishing hoursX2 ≤ 8 (demand for X2)X1, X2 ≥0Based on the constraints information as well as the objective function you can then solve using the graphical method.
Special Order Poppy has received a special order for 1,000 units of its product at a special price of $125. The product currently sells 18,000 units for $150 and has the following manufacturing costs:
Per unit Direct materials $45
Direct labor 30
Variable manufacturing overhead 35
Fixed manufacturing overhead 25
Unit cost $135
Assume that Poppy has sufficient capacity to fill the order without harming normal production and sales.
a. If Poppy accepts the order, what effect will the order have on the company’s short-term profit?
b. If Poppy accepts the order and fills it completely, what effect will the order have on the company’s short-term profit?
Answer:
Results are below.
Explanation:
1) Because it is a special offer, and there is unused capacity, we will not take into account the fixed costs:
Effect on income= 1,000*125 - 1,000*(45 + 30 + 35)
Effect on income= $15,000
2) Now, the company doesn't have unused capacity. It only has 500 units in excess. We have to take into account the fixed costs and the original selling price of the units.
Effect on income= 1,000*125 - 1,000*(45 + 30 + 35) - 500*(25 + 25)
Effect on income= -$10,000
what is a savings and loans bank? advantages and disadvantages.
Three advantages of savings accounts are the potential to earn interest, it's easy to open and access, and FDIC insurance and security. Three disadvantages of savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal limits on saving withdrawal.
Required information Skip to question Information for Pueblo Company follows: Product A Product B Sales Revenue $ 59,000 $ 51,000 Less: Total Variable Cost $ 11,400 $ 31,500 Contribution Margin $ 47,600 $ 19,500 Determine its break-even sales dollars if total fixed costs are $42,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
$68,852.46
Explanation:
The computation of the break even sales dollars is shown below:
Product Sales variable cost Contribution
A $59,000 $11,400 $47,600
B $51,000 $31,500 $19,500
Total $110,000 $67,100
Now the break even sales dollars is
= $42,000 ÷ $67,100 ÷ $110,000
= $42,000 ÷ 0.61
= $68,852.46
Identify some of the gains that labor unions have made in the United States. What gain do you think is the most important? Why? 15 points
Answer:
Unions have achieved many of their goals for improving working conditions in the United States. Workers in the United States today enjoy higher wages, safer work environments, and shorter work days than workers in previous years. Workers today also have paid vacations and fringe benefits. Also, because of labor unions, the collective bargaining process has helped define acceptable actions for labor and management. (Students should state which of the above listed achievements they consider to be the most important and why.)
Explanation:
hope this helps :)
Answer:
he is correct it is...
Explanation:
"Unions have achieved many of their goals for improving working conditions in the United States. Workers in the United States today enjoy higher wages, safer work environments, and shorter work days than workers in previous years. Workers today also have paid vacations and fringe benefits. Also, because of labor unions, the collective bargaining process has helped define acceptable actions for labor and management. (Students should state which of the above listed achievements they consider to be the most important and why.)"
What is the Best loan option for your
lemonade Stand? Why?
Answer:
Short term loan
Explanation:
Lemonade stand can be regarded as a small business, Hence, the loan that suit the business is " Short term loan".
Short term loan can be regarded as loan that can be obtained to give support to ones personal as well as business capital. It is designed for the needs of small business capital with less interest compare to long term loan. The period of payment is usually within a year. It is of low risk and good profit.
Vaughn Manufacturing sells its product for $60 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $14, direct labor $15, and variable overhead $5. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is
Answer:
$2.00
Explanation:
Consider Variable Manufacturing Costs only.
The per unit manufacturing cost under variable costing is $2.00
A marketer of automobiles wants to introduce a new model using a message
that combines visuals, music, words, and action. Which category of
advertising media will best meet this marketer's goals?
A. Magazines
B. Television
C. Radio
D. Outdoor
Answer: Television!
Explanation:
Radio, Magazine, and Outdoor don't all have the combined visuals, music, words, and action that television has.
Television as the advertising media will best meet the automobile marketer's goals. Thus, the correct answer is option B.
What is advertising media?The term "advertising media" describes a range of mainstream or alternative media platforms via which companies can market their goods, services, or brand. Knowing which advertising media channels are advantageous for your business can be vital in staying ahead of the competition because it is hard for every customer to be aware of every brand's offerings. Marketers can interact with various audiences in unique ways by utilizing the correct kind of advertising media.
Audio and visual are combined in television. This produces a multi-sensory advertising experience that demonstrates to consumers the worth of your goods. The touchpoint occurs in the viewer's house when an advertisement is shown on television. It becomes a more intimate medium as a result. A excellent technique to build a personal relationship with a viewer is through television.
Therefore, Radio, Magazine, and Outdoor as the media for advertising don't have the combined visuals, music, words, and action that television has.
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Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product 3.20 Number of finished units produced 6,500 Standard wage rate per direct labor hour (SP) $ 19.20 Total direct labor payroll for the period $ 359,424 Actual wage rate per direct labor hour worked (AP) $ 16.00 The actual direct labor hours worked (AQ) during November (rounded to the nearest whole number) was:
Answer:
22,464 hours
Explanation:
Calculation to determine The actual direct labor hours worked (AQ) during November
Using this formula
Actual direct labor hours worked (AQ) = Total labor cost ÷ Actual wage rate
Let plug in the formula
Actual direct labor hours worked (AQ) = $359,424 ÷ 16
Actual direct labor hours worked (AQ) = 22,464 hours
Therefore The actual direct labor hours worked (AQ) during November will be 22,464 hours
What is the largest concern regarding the
'educate' and 'support' steps in the
process of implementing change?
A. Time
B. Expense
C. Difficulty
Suppose that unskilled workers find it worthwhile to acquire skills when the wage differential between skilled and unskilled workers reach a certain threshold. Explain the effects on the supply of unskilled workers, the supply of skilled workers, and the equilibrium wage for the two groups. In particular what is the equilibrium wage of skilled workers relative to unskilled workers after some unskilled workers receive training
Answer:
a. Short-run economic profit: $ 40,000 per lease.
Long-run economic profit: $ 0 per lease.
b. Landowners would gain $40,000 per plot each year due to higher rent for land
Explanation:
The short-run economic profit for a cotton farmer is:
Economic profit = Total revenue - Explicit costs - Implicit costs = $60,000 - $14,000 - $6,000 = $40,000 per lease.
Landowners would reap the long-term benefits of the scheme. Their income would rise by $40,000 per year per 120-acre plot because rent would rise from $10,000 to $50,000.
Unskilled labor is one of the most plentiful resources in emerging nations, and it is heavily utilized to support those nations' economic development. Therefore, the cost of this labor plays a significant role in the selection and layout of development projects.
What effects on the supply of unskilled workers?Saving Money – Although skilled workers may initially be paid more than unskilled workers, competent people will ultimately cost less for your company. Unskilled workers are more likely to need more training, commit errors while working, and maybe your client relationships.
If the minimum wage levels are low in comparison to average salaries, increasing the minimum wage that employers must pay has minimal effects on total hours worked (i.e., total jobs times hours per job).
Therefore, Any decrease in the labor force available to a market will result in higher salaries and higher employer costs.
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Sally agrees to roof a house for Bob.After doing his research,Bob chooses Sally based on her great reputation for being conscientious and doing good work.Bob knows little about roofing and stays away from all the noise involved.Sally provides her own tools for herself and other workers,sets her own schedule,and charges a flat rate of $10,000 to be paid when the job is completed.Sally hires Trudy,Glen,and Fred to help with the roofing.She pays them an hourly rate,supervises their work,provides them with tools and materials,and sets their schedules.Curious about what is going on there,Bob's friend Spencer walks by the house while the roofing is being done.Glen absentmindedly throws some old shingles off the roof and hits Spencer in the head,resulting in him going to the local emergency room and receiving a couple of stitches in his scalp.Spencer decides to sue all the roofers,Bob,and Sally for his hospital expenses and for pain and suffering.Which of the following is the most likely characterization of Trudy,Glen,and Fred in relation to Sally?
A) They are both employees and independent contractors.
B) They are employees.
C) They are independent contractors.
D) They are undisclosed principals.
E) They are both employees and disclosed principals.
Answer:
B) They are employees.
Explanation:
They work for Sally. Sally hired Truly, Glen and Fred and pays them an hourly wage, and provides the tools that they use to perform their work. She also supervises and directs their job. They are not independent contractors due to the direct relation that exists between them and the fact that they obey Sally's orders.
Marketing managers from two companies agree that competing to offer the lowest prices has been hurting their profit margins, so they agree on the prices they will charge for some of their key products. What illegal pricing behavior is this? O A. Price discrimination O B. Deceptive pricing C. Price fixing O D. Price gouging
Price fixing is the illegal pricing behaviour is this. Hence, option C is correct.
A written, verbal, or conduct-based agreement to raise, lower, maintain, or stabilize prices or price levels is known as price fixing. Antitrust laws typically mandate that each business establish prices and other competitive terms independently, without consulting a rival.
Competitors who agree to raise, cut, or stable prices are said to have engaged in horizontal price fixing. For instance, a horizontal agreement between two rival fast-food establishments selling hamburgers on the sale pricing of cheeseburgers is prohibited by antitrust rules.
Price fixing is an anticompetitive agreement between players on the same side of a market to buy or sell a good, service, or commodity solely at a set price, or to keep the market's dynamics in such a way that the price is kept at a fixed level.
Thus, option C is correct.
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Answer:
price fixing
Explanation:
Use the information below for questions 1 through 3. Dallas Cowboys Pro Shop produce two types of jerseys for their fan-base to purchase: elite game jersey and limited player jersey. Cowboys Pro Shop determined 20% of the fans do not buy either jersey, 55% buy the elite game jersey, and 25% buy both jerseys, and these percentages are relatively constant from one year to another. There are (hypothetically) 100 fans each year. Q1. How many jerseys should the Pro Shop expect to sell to in a year
Answer:
Number of jerseys= 105 jerseys
Limited= 25
Elite= 80
Explanation:
Giving the following information:
Cowboys Pro Shop determined:
20% of the fans do not buy either jersey
55% buy the elite game jersey
25% buy both jerseys
Number of fans= 100
To calculate the number of jerseys sold, we need to use the following formula:
Number of jerseys= 100*0.55 + (100*0.25)*2
Number of jerseys= 105 jerseys
Limited= 25
Elite= 80
Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June, (1) the company purchased 248 units at $56 each on account, (2) returned 10 units for credit, and (3) sold 206 units at $83 each on account. Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Item 1
Debit : Merchandise $13,888
Credit : Accounts Payable $13,888
Item 2
Debit : Merchandise $560
Credit : Accounts Payable $560
Item 3
Debit : Accounts Receivable $17,098
Debit : Cost of Sales $11,536
Credit : Sales Revenue $17,098
Credit : Merchandise $11,536
Explanation:
See the journal entries prepared above.
Barans Company purchased merchandise on account from a supplier for $12,900, terms 1/10, n/30. Barans Company returned $2,500 of the merchandise and received full credit. a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment? $fill in the blank 1 b. What account is credited by Barans Company to record the return?
Answer: See explanation
Explanation:
a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment?
The amount of cash required for the payment will be:
Purchases: = $12,900
Less: Returns = $2500
Less: Discount = ($12900 - $2500) × 1% = ($10400 × 1%) = $104
Cash required for payment = $10296
b. What account is credited by Barans Company to record the return?
Based on the information above, the merchandise inventory will be credited.
Shmenson Company uses the periodic inventory system. Sales for 2020 were $470,000 while operating expenses were $175,000. Beginning and ending inventories for 2020 were $70,000 and $60,000, respectively. Net purchases were $180,000 while freight in was $15,000. The net income or loss for 2020 was:
Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
A start-up company decides salespeople should visit college campuses to
persuade students to try a new party game. The company realizes that selling
time is short and the salespeople are relatively inexperienced. Which
presentation method is likely to be most effective?
A. Formula selling
B. A prepared sales presentation
C. Telemarketing
D. Consultative selling
Answer prepared sales presentation
Explanation:
The presentation method is likely to be most effective a prepared sales presentation. Thus, option (b) is correct.
What is presentation?A presentation should have a solid theme, match the aim, best fit the audience, and be properly arranged. A speech communicates from a person to a listener. They offer a formal speech, often to sell something or gain support for a proposition.
According to the case was the based on the start-up company are the experienced sales people are the salespeople should visit college are the persuade students to try a new party game. There was the prepared the sales presentation are the sales people are the presentation method was the more to the effective.
As a result, the presentation method is likely to be most effective a prepared sales presentation. Therefore, option (b) is correct.
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A soup kitchen falls under what type of organization?
National School Lunch Program
Nutrition Program for the Elderly
Expanded Food and Nutrition Education Program
Food Bank
food bank because they used a soup kitchen during the Great depression and it's for the homeless people too it has to be program