The selling price of the item is $5.50
What is the selling price?
A buyer's cost to acquire a good or service is known as the selling price. This pricing strategy may differ based on what buyers are willing to pay, what the seller will accept, and how competitive the price is in relation to those of competing companies in the market. It is important to figure out your average selling price because it enables you to keep an eye on market trends and make predictions. It can be a great way to decide on a pricing strategy if you're a start-up manufacturer.
Given:
Cost price = $2.20
Profit margin = 40% = 0.40
So, the selling price is calculated as:
$2.20/0.40 = $5.50
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what has become one of the most significant forces for change experienced by public companies in recent years?
The most important drivers for change that public corporations have faced in recent years are internal forces of change.
What are the four management forces?The four forces are specialization, scarcity, rivalry, and humanity. And a recent PwC research makes the claim that you can better equip yourself and your business for future issues by understanding how they've worked in the past.
What do Porter's Five Forces represent?A method for assessing the level of competition in your industry is Porter's Five Forces. Competitive rivalry, new entrants, buyer and supplier power, as well as the danger of substitutes, are the five forces. To determine a company's potential profitability and modify its strategy, it serves this goal.
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Crane Company had the following two transactions related to its delivery truck.
1. Paid $44 for an oil change.
2. Paid $519 to install special shelving units, which increase the operating efficiency of the truck.
Prepare Crane Company's journal entries to record these transactions. Use the format given below:
No. Account Titles and Explanation Debit Credit
1. 2.
The first step of the accounting cycle, known as a journal entry, is when all company transactions are entered into the books of accounts. Along with the credit and debit accounts, the journal entry incorporates at least two more accounts.
What is the journal entry?Keeping or recording any transactions, whether they are financial or not, in a journal is known as keeping a journal entry. As with depreciation or bond amortization, journal entries might include one-time or recurring items. Accounts payable frequently has its own subledger that indirectly impacts the general ledger, and journal entries are normally entered in accounting software using a distinct module from those. Exemplifying the journal entries will help us comprehend them better. We use accounting examples in actual company to assist us record transactions, events, and recurring items. Simple journal entries show a cash account debit of $300 and a credit for $100 for laptop sales. These entries follow the regulations that demand that any business revenue that is deducted from an account be credited.
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Calculate the resulting change in GDP for each of the following MPCs when the government increases its spending by $250 billion.
Instructions: Round your answers to one decimal place.
a. The marginal propensity to consume (MPC) = 0.2.
The change in GDP is $ _______billion.
b. The marginal propensity to consume (MPC) = 0.5.
The change in GDP is $______ billion.
c. The marginal propensity to consume (MPC) = 0.8.
The change in GDP is $ _____billion.
d. Comment on the relationship between the MPC and the resulting change in GDP—as the MPC rises, does its effect on GDP (increase or decrease)?
As the MPC rises, its effect on GDP (Click to select)(stays the same decreases increases)
The resulting change in GDP for each of the MPCs for statement a the change in GDP is $312.5 billion, statement b the change in GDP is $500 billion and statement c the change in GDP is $1250 billion.
What is the economy's GDP?The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (less imports).
How can you determine MPC using GDP?The change in consumption is divided by the change in income to determine the marginal propensity to consume. For instance, if a person's spending rises by 90% for every dollar of additional income, the ratio would be 0.9/1 = 0.9.
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croft corporation has a target capital structure of 65 percent common stock and 35 percent debt. its cost of equity is 14 percent, and the cost of debt is 8 percent. the relevant tax rate is 22 percent. what is the company's wacc?
Company's wacc is 30.94%
Weighted average cost of capital is defined as cost of capital structure multiplied by its weight by its market value and then total it.
It is also used as a discount rate for future cash flows is discounted cash flow analysis.
It is a discount rate which is used to calculate company's net present value.
Wacc = (weight of common stock* cost of common stock)+ ( weight of equity* cost of equity)
= 0.65(0.14)+ 0.35(0.8)(1-.022)
=0.091+0.2184
=0.3094
= 30.94%
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which system supports the capturing, organization, and dissemination of knowledge throughout an organization?
An organization's ability to collect, organize, and share knowledge is supported by knowledge management systems.
What exactly do knowledge management systems do?Any type of IT system that saves and retrieves knowledge to enhance comprehension, teamwork, and process alignment is referred to as a knowledge management system. Within teams or organizations, knowledge management systems are possible.
What are the four different types of knowledge management?The four most important components of knowledge management are people, processes, content/IT, and strategy. Your organization will always require leaders, sponsors, and supporters of knowledge sharing regardless of its sector, size, or knowledge requirements.
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Sung Office Products just announced it is decreasing its annual dividend from $2.20 per share to $1.85 per share effective immediately. If the dividend yield remains at its pre-announcement level, then you know the stock price:
Multiple Choice
increased proportionately with the dividend decrease.
was unaffected by the announcement.
decreased by $.35 per share.
increased by $.35 per share.
decreased proportionately with the dividend decrease.
An investment earned annual returns of 7 percent, −32 percent, 11.5 percent, and 21.4 percent during the past four years. If you wish to know the compound annual rate of growth that the investment experienced, you should determine the ________, which equals ________ percent.
Multiple Choice
arithmetic; 17.97
arithmetic; 1.97
geometric; 4.21
geometric; −.38
geometric; 17.59
Based on the period 1926-2019, the actual real return on large-company stocks has been around:
Multiple Choice
6 percent.
8 percent.
7 percent.
10 percent.
9 percent.
A dividend is a portion of a company's retained earnings and profits that it distributes to its shareholders. Dividend yield is calculated by taking the annual dividend per share and dividing it by the share price.
It should be emphasised that distributions to shareholders might not have an impact on the enterprise's total worth. Whatever the case, making such a move tends to reduce the venture's overall equity value by the precise amount that is being given as a dividend. To expand further, a dividend payment is an irreversible action that permanently debits the accounting records.
1. In the given question, it is said that the dividend is being decreased by
the company so, the stock price will also decrease proportionately with
the decrease in dividend.
2. We know that,
Geometric return = [(1 + rate1) (1 + rate2) (1 + rate3)
(1 + rate4)] ^1/time period – 1
= [(1 + 0.07) (1 - 0.32) (1 + 0.115)
(1 + 0.214)] ^1/4 – 1
= [0.98489] ^1/4 - 1
= 0.9962 - 1
= -0.0038 or -0.38%
Therefore, the correct option is Geometric, -0.38%.
3. Large company stocks has been around 9 percent, in 1926-2019.
Therefore, Option (e) is the correct option.
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if a project has a net present value equal to zero, then: multiple choice the project's pi must also be equal to zero. a decrease in the project's initial cost will cause the project to have a negative npv. any delay in receiving the projected cash inflows will cause the project to have a positive npv. the total of the cash inflows must equal the initial cost of the project. the project earns a return exactly equal to the discount rate.
If a project has a net present value equal to zero, then the project earns a return exactly equal to the discount rate.
A financial term called net present value (NPV) aims to measure the overall worth of an investment opportunity. To calculate the net present value (NPV), one must predict all potential future cash flows from an investment, discount each one to the present, and then add them all together.
The net present value of a project or investment indicates how much money it will make or lose in terms of today's money. Due to the effects of variables like inflation and lost compound interest, the future cash flow of a project does not accurately reflect the current cash flow, hence NPV is adjusted accordingly.
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If you stood outside an NBA championship game and sold your ticket for double the original price, you'd be engaged in _____ pricing.
a. prestige
b. cost-based
c. unsportsmanlike
d. demand-based
If you stood outside an NBA championship game and sold your ticket for double the original price, you'd be engaged in d. demand-based pricing.
The countrywide Basketball affiliation is a expert basketball league in North america. The league is composed of 30 groups and is one of the important expert sports activities leagues in the united states and Canada. it's far the most fulfilling guys's expert basketball league within the global.
The national Basketball association (NBA) is a worldwide sports activities and media enterprise with the venture to inspire and connect human beings everywhere via the energy of basketball.
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Many businesses optimize their website to incorporate a ______ with simplified navigation to accommodate smartphones and tablets.
Many businesses optimize their website to incorporate a mobile-first strategy with simplified navigation to accommodate smartphones and tablets.
What is the importance of the "mobile first" strategy?The "mobile first" principle, in other words, plays a significant role in product design. On the one hand, it increases designers' efficiency and helps to shorten the product design process. On the other hand, it makes product content a more important consideration for designers, which helps them produce clean and useful designs.
What does a "mobile first" strategy mean?A "mobile-first" strategy entails designing a desktop site first for mobile, and then adapting it for larger screens. Instead of starting with a desktop site and then adapting it for smaller screens, as is the norm.
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you are considering purchasing an annuity that would pay you $1,000 per year for 1 years. the interest rate is 5%. out of the choices below, what would be a reasonable price to pay for thatannuity?
$952
Computation of amount that should be invested today:
PV = Cash flow per period × [{1 - (1 + i)-n} ÷ i]
PV = $1,000 × [{1 - (1+0.05)-1} ÷ 0.05]
PV = $1000, × 0.952
PV = $952 (Approx)
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A call option with a strike price of 110 is selling for 3.50 when the market price of the underlying stock is 108. The intrinsic value of the call is: (published CFP question, 1994)
a, 1.50
b, 0.00
c. 2.00
d. -2.00
A call option with a strike price of 110 is selling for 3.50 when the market price of the underlying stock is 108. The intrinsic value of the call is: (0.00)
What does the market price mean?Market pricing is a technique used to determine prices in accordance with what is currently being paid in the market for identical or comparable goods or services. It allows firms the chance to set higher prices initially before matching market prices to remain competitive while also increasing return on investment.Find the point where supply and demand converge to establish the market price. Find the market price by investigating factors including market trends, the number of suppliers, and the number of current purchasers.
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if the real estate taxes for last year were $4,567, what is the prorated tax entry for this year's taxes for a september 11 closing?
$2,554.26 debit seller is prorated tax entry for this year's taxes for September 11 closing.
What is a tax?Tax compliance refers to both governmental actions and individual behavior in order to make sure that taxpayers are paying the correct amount of tax at the right time and receiving the correct tax allowances and tax reliefs. A tax is a levy that must be paid by the taxpayer and is imposed by the government in order to pay for various public expenses and other necessary financial charges. Ancient Egypt saw the first taxation on record sometime between 3000 and 2800 BC. A violation of the legislation includes failing to make payments on time, evading taxes, or opposing taxation. Cash or the labor equivalent may be used to pay direct and indirect taxes.
Debit= 4567-2012.74=2554.26
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suppose the demand for milk is relatively inelastic. what happens to sales revenue if the government imposes a price floor above the free-market equilibrium price in the market for milk?
The sales revenue rises if the government imposes a price floor above the free market equilibrium price.
Given that, demand for milk is inelastic, it is not a luxury item.
If the price of milk increases, the demand will not get affected. A given percentage change in price causes a lesser percentage change in quantity demanded when demand is price inelastic. This indicates that total revenue will fluctuate in the direction of the price change: a higher price will result in higher total revenue, and a lower price will result in lower total revenue.
Therefore, the sale revenue will increase for the government if the price is above the equilibrium price.
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your money in the bank can be viewed as inventory. which of the following is not the corresponding inventory holding cost? losing the chance to make a more profitable investment value deterioration due to the inflation rate account maintenance fee income tax due to the interest income
taxation on the interest income can be viewed as inventory.
What does inventory holding cost?
The expenses a company incurs for keeping goods on hand are referred to as carrying costs, holding costs, and inventory carrying costs.Inventory holding costs are the fees incurred for storing items or inventory at a warehouse. Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms. Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance. The total cost of keeping products is referred to in marketing as the carrying cost of inventory, holding cost, or holding cost.
This includes financial commitments including opportunity costs and expenditures for perishable, shrinkable, and insured items in addition to storage expenses like rent, utilities, and salaries. To reduce stock-out costs, merchandise is kept on hand. To prevent shortages of raw materials, finished items, consumables, and work-in-progress inventory, all businesses must project consumer demand for their products customer is sent back empty handed.
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suppose your company is a merchant and you enter into a contract with another merchant. however, instead of a formalized contract between the two parties, the other company just sends a written memo outlining the products ordered and prices. is this memo sufficient to satisfy the statute of frauds?
Yes, a written memo is considered to fulfill the statute of frauds if two parties are merchants.
The definition of a writing that meets the statute differs significantly between the UCC and the statute of frauds. According to common law, the party challenging the enforceability of the contract must submit a written argument, either made or signed by the party.
Unless the parties are merchants, the UCC applies to this rule. Though two merchants make an oral agreement, even if the receiving party does not admit receiving the note, it is still considered to have satisfied the statute of frauds.
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many of the tactics of distributive bargaining and integrative negotiation are used to exert influence over the other party in the service of achieving the best deal, most commonly only for the self. these tactics are called
Many of the tactics of distributive bargaining and integrative negotiation are used to exert influence over the other party in the service of achieving the best deal, most commonly only for the self. These tactics are called power over tactics.
In the field of business, such a tactic in the business where negotiations are used in order to influence the other party is referred to as power over tactics.
Distributive bargaining is a force that exerts influence on both parties and is a method of power over tactics. Integrative negotiation is a method of negotiation that is based on the interests of the distributor.
Both parties use integrative negotiations as power-over tactics in order to come to terms that benefit both parties.
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describe the allowance method of accounting for uncollectible accounts and the two bases that are generally used to calculate the allowance.
The balance of the accounts receivable in the different aging categories is multiplied by a reserve rate to determine the allowance for uncollectible accounts (see table below). Because older receivables have a lower likelihood of being collected, a greater reserve rate is applied to them.
What two techniques are included in the allowance method for estimating uncollectible accounts?The two primary approaches for evaluating uncollectible accounts under the allowance method are the percentage of credit sales method and the percentage of receivables method. The percentage of sales approach calculates the estimated proportion of credit sales that are uncollectible accounts will represent for the period.
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a full-time agent of an insurance company knows about the aml program of his employer, but the $20,000 in money orders his customer is using to fund the purchase of a single premium whole life insurance policy would help his meet her sales goal for the year. consequently, he overlooks the source of funds and submits the application to her company. from an aml perspective, the agent has:
The agent has admitted to committing the crime of willful bliss. Fighting money laundering and terrorist financing requires a thorough understanding of sources of wealth and funding. when a customer's or potential customer's profile indicates that they are involved in criminal activity.
What does an AML compliance program entail?A financial institution's compliance framework must include an anti-money laundering (AML) compliance program. Every effective program has as its top priority safeguarding the company from money laundering.
What is an illustration of AML regulation?AML regulations mandate that banks and other financial institutions that grant credit or accept customer deposits abide by guidelines that ensure they are not assisting in money laundering.
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which of the following would be the most effective statement in a bad-news letter declining an invitation to speak to a professional organization? a. although i'm not authorized to tell you why, i can't speak at your dinner. b. i regret to inform you that i am unable to speak to your professional organization. c. i'm not interested in addressing your professional organization. d. although i'm already booked the night of your dinner, i would be happy to speak to your organization sometime next year.
The best phrase to use when declining a speaking engagement with a professional organization is I would be happy to speak to your organization sometime next year, even though I'm already scheduled for the night of your dinner.
A speaking engagement is what?
Any event, whether public or private, that features a single speaker or a panel of speakers is referred to as a speaking engagement. These occasions assist professionals in networking with others in the same industry and showcasing their technical expertise and skills when prospecting for new business. Business prospecting enables a company or entrepreneur to draw in new customers and create enduring connections that contribute to the success of their enterprise.
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torch industries can issue perpetual preferred stock at a price of $51.50 a share. the stock would pay a constant annual dividend of $6.50 a share. what is the company's cost of preferred stock, rp? round your answer to two decimal places.
Torch industries can issue perpetual preferred stock at a price of $51.50 a share and the stock would pay a constant annual dividend of $6.50 a share so the company's cost of preferred stock, rp is 10.53%.
Perpetual preferred stock is a type of most well-liked share has no date and pays a set dividend upon issue, sometimes declared and paid quarterly, as long because it remains outstanding. Shareholders of perpetuals don't have balloting rights and also the issuers of perpetual stock will generally redeem the shares.
Constant annual dividend is a constant dividend payout quantitative relation policy maintains constant proportion of earnings paid out as dividends to shareholders.
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California surf clothing company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to purchase 100 shares at a cost of $38 per share.
Treasury shares are shares that were originally issued and in circulation but were later reacquired by the company that issued them.Treasury shares are treated as a contra-equity account and recorded at cost in the company's books.
Contra-equity account indicates that the total value of shareholders' equity will decrease as a result of the total amount of treasury shares.
How Does Treasury Stock Work?
The term "treasury stock," also referred to as "treasury shares" or "reacquired stock," refers to previously outstanding stock that has been repurchased by the issuing company from its stockholders.As a result, there are fewer shares available for purchase on the open market.
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consider a $5,000,000, 8.5%, 30-year mortgage with monthly payments. what is the yield to maturity (ytm) of this loan under the following circumstances: (a) no points, fully-amortizing (b) three points of disbursement discount (point), fully amortizing (c) three points of disbursement discount, 7-year maturity with b
A 30 year mortgage with a 3/1 adjustable rate is one in which the interest rate is fixed yield to maturity .The correct answer is three points of disbursement discount (point), fully amortizing.
The first three years and then is subject to change. I created an amortisation schedule that shows the first three payments will have a 7% interest rate, followed by payments with a 6% interest rate for the remaining payments. The initial 36 months' payment is $997.95 (principal debt after 36 payments: $145,090.59), after which it drops to $905.34.look at the amortisation schedule 1.The monthly payments would be $935.98 if the first three years' interest costs were the only ones paid by the payments, which would be calculated as follows: $150,000 x 7%/12 = $875. see Schedule of Amortization 2.
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The fda has approved a new gene therapy drug described as the most expensive ever. How much per treatment?.
Recently, the FDA approved the priciest medication that is currently on the market. Hemgenix, a drug with a price tag of $3.5 million per dose, is administered to patients with the uncommon condition hemophilia B.
How might gene therapy be used? What is it?Gene therapy involves altering the genes in your body's cells to treat or prevent disease.
Your genes contain your DNA, which regulates many aspects of how your body looks and functions, including how tall you are and how your body's systems work. Genes that are not working properly can cause disease.
Gene therapy repairs a damaged gene or adds a new gene in an effort to treat illness or boost your body's resistance to illness. Many diseases, including AIDS, cancer, cystic fibrosis, heart disease, diabetes, and hemophilia, may be treated by gene therapy in the future.
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ou have the following time and cost information for use in a time-cost cpm scheduling model. activity normal time crash time normal cost crash cost a 3 2 $400 $ 600 b 5 3 $600 $ 1200 c 4 1 $300 $ 1500 what are the three costs per unit of time to expedite each activity?
A will therefore cost $200, B will cost $300, and C will cost $400 to speed up each activity.
What does CPM (Critical Path Method) mean?Important Path Method (CPM) The most common scheduling method in the transportation industry is scheduling. With the help of this scheduling method, a project can be planned, managed, and its minimum completion time as well as potential start and end times for its various activities, can be determined. A project scheduling technique called the Critical Path Method (CPM) analyzes and visualizes the tasks necessary to complete a given project.
What is CPM model?The term "cost per mille" (CPM), which is derived from the Latin word mille, which means "thousand," roughly translates to "cost per thousand impressions." This indicates that the cost of advertising is based on the quantity of served impressions. The cost-per-thousand-impressions (CPM) in online advertising and digital marketing refers to the price a marketer would pay to receive 1,000 campaign impressions. CPM actually stands for "cost per mille," which is Latin for "thousand" and is not to be confused with the cost per mile of a rental car.
Briefing:Cost per unit of time = (Crash cost - Normal cost)/(Normal time - Crash time)
A = (600-400)/(3-2) = 200
B = (1200-600)/(5-3) = 300
C = (1500-300)/ (4-1) = 400
Total time is 12 days, total cost is $ 1700
Alternative paths in the network are following:
A-B-D-E, duration = 3+4+3+2 = 12
A-C-D-E, duration = 3+1+3+2 = 9
The critical path is A-B-D-E because it is the longest path. and the project will last 12 days.
Total normal cost = 200+300+200+500+500 = $ 1700
Total time is 11 days, total cost is $ 1850
The critical path activity with the lowest crash cost per unit time must be crashed in order to shorten the project's duration. With a crash cost of (550-500)/(3-2) = 50, that activity is D.
Normal cost = 200+300+300+500+500 = 1800
Total cost = Normal cost + Crash cost = = 1800+50 = $ 1850
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TRUE/FALSE. to state that public saving is equal to investment, for a closed economy, is to state an accounting identity.
To state that public saving is equal to investment, for a closed economy, is to state an accounting identity. This is a true statement.
The closed economy: what is it?An economy that is completely self-sufficient and that doesn't engage in foreign trade is referred to as a closed economy. Closed economies are practically nonexistent nowadays, however some nations are closer to having one than others.
Why is a closed economy advantageous?Utilizing just domestic resources, the domestic economy satisfies all demands. Limit your exposure to exchange rate and global economic shocks. Through international commerce and capital flows, a financial crisis or recession spread. A closed economy is therefore not at risk from either because neither exist.
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Suppose you have just celebrated your 19th birthday. A rich uncle has set up a trust fund for you that will pay you $150,000 when you turn 30. If the relevant discount rate is 9 percent, how much is this fund worth today?
The present value of $150,000 If the relevant discount rate is 9 percent is $58,130.
What is a present value?The worth that an investment currently owns or has is referred to as its "present value." By deducting any amount of money that will be received in the future, it is discovered.
The temporal value of money (TVM) principle is used to compute the present value of the any cash flow, including lump sums, annuities, and multiple cash flows.
Future value = $150,000
N= 11 years
discount rate = 9 percent.
1/1.09^{11} = 1/2.5804 = .38751/1.09
11
=1/2.5804=.3875
The present value is thus about $58,130.
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Assume current assets totaled $57,000 and the current ratio was 1.2 before the following independent transactions:
(1) Purchased merchandise for $6,000 on short-term credit.
(2) Purchased a delivery truck for $29,000. paid $3,000 cash and signed a two-year interest-bearing note for the balance.
Required:
Compute the current ratio after each transaction.
Transaction current ratio
1) ?
2) ?
In contrast to case 2, which has a current ratio of 1.35, case 1 has a current ratio of 1.42.
How do you describe current ratio?Recognizing current ratios. With the help of cash, inventory, and short-term receivables, a company can determine how well its short-term or current liabilities, such as debts and payables, can be covered.
The ability of a corporation to meet its immediate financial obligations is determined by the current ratio, a liquidity ratio.
How to Calculate the Current Ratio?The method for computing the current ratio is rather straightforward: Just multiply the organization's current liabilities by the current assets. In contrast to current assets, which can be turned into cash within a year, current liabilities are obligations that must be paid within a year. Current assets include things like cash, inventory, and accounts receivable. Current liabilities include, but are not limited to, accounts payable, salaries due, and the current portion of any anticipated interest or principal payments.
Current ratio = Current assets ÷ Current liabilities
So, the current liabilities is
= $57,000 ÷ 1.2
= $47,500
where,
Current assets = $57,000 + $6,000 = $63,000
Current liabilities = $47,500 + $6,000 = $53,500
So, the current ratio is
= $63,000 ÷ $53,500
= 1.18 times
where,
Current assets = $63,000 - $3,000 = $60,000
Current liabilities = $47,500 + $6,000 = $53,500
So, the current ratio is
= $60,000 ÷ 53,500
= 1.12 times
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due to recent beef recalls, southwest steakhouse is considering incorporating. bob, the owner, wants to protect his personal assets in the event the restaurant is sued. requirements 1. which advantage of incorporating is most applicable? what are other advantages of organizing as a corporate entity? 2. what are some disadvantages of organizing as a corporation? question content area bottom part 1 requirement 1. which advantage of incorporating is most applicable? what are other advantages of organizing as a corporate entity? first answer which advantage of incorporating is most applicable in protecting bob's personal assets? a. stockholders have limited liability. b. there is a mutual agency among the stockholders. c. a corporation has continuous life. d. the transfer of corporate ownership is easy. e. corporations can raise more money to pay for government regulations.
The highest type of business, which has multiple proprietors, is a corporation. After its initial public offering, a corporation will be listed on the securities exchange market (IPO).
What are Advantages of incorporating a business and Disadvantages of a corporation?1).
The main benefit of a corporation is that it is a separate legal entity from its owners, which means that owners are not liable for the liabilities of the company with their own assets. Owners will only lose their investment capital if the company defaults.People can readily transfer ownership of a business by transferring stocks. As long as ownership can be transferred continuously, the company can exist forever.2).
A southwest steakhouse shareholders must submit financial reports on a regular basis in order to comply with a number of government regulations.The company may be acquired by its competitors without prior notice due to the ease with which equities can be traded in the market.There will be a lot of dispute between current shareholders & former shareholders because the company has multiple owners. A barrier in a corporation is also the agency issue between shareholders and managers.To know more about southwest steakhouse, visit:
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suppose you bought a ticket to a football game for $30 and that you place a $35 value on seeing the game. if you lose the ticket, then what is the maximum price you should pay for another ticket? assume that losing the ticket does not alter how you value it.
The maximum price you should pay for another ticket is $35.
You can give the same great ticket to another fan for the amount you paid. Log in to your Ticketmaster account and tap your order to view your tickets. From there, tap the Sell button to get started. Tap the pencil icon next to the list price you want to edit. Also, edit the price in the price editor.
You can see the price breakdown. Tap Edit and the offer price will be updated shortly. When someone puts a ticket into their shopping cart, that ticket is reserved for her for 10 minutes. Your reservation will be extended by 30 minutes as soon as the payment process starts. If the transaction is not completed within 30 minutes, the ticket becomes available to everyone again.
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qs 7-14 (algo) note receivable interest and maturity lo p4 on december 1, daw company accepts a $40,000, 45-day, 9% note from a customer. (1) prepare the year-end adjusting entry to record accrued interest revenue on december 31. (2) prepare the entry required on the note's maturity date assuming it is honored.
(1) The year-end adjusting entry to record accrued interest revenue on December 31 would be:
Debit Interest Revenue $360
Credit Interest Payable $360
This entry is made to record the accumulated interest of $360 that has accrued on the $40,000 note ($40k x 9% x 45/360).
(2) On the note's maturity date, assuming it is honored, the entry would be:
Debit Cash $40,360
Credit Notes Payable $40,000
Credit Interest Payable $360
This entry is made to record the payment of the $40,000 note plus the interest of $360 that has accrued on the note ($40k x 9% x 45/360).
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