Answer: B
Explanation:
Duerr Company makes a $69,000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use 360 days a year.)
Answer:
the journal entry to record the loan:
E.g. January 1, 202x, loan made to Ryan Company
Dr Notes receivable 69,000
Cr Cash 69,000
the journal entry to record the collection of the note:
E.g. January 31, 202x, note collected from Ryan Company
Dr Cash 69,575
Cr Notes receivable 69,000
Cr interest revenue 575
interest revenue = $69,000 x 10% x 30/360 = $575
A company is involved in a lawsuit for which the contingent liability is remote. How should the liability be treated on the balance sheet?
a. It should be disclosed in the notes only.
b. It should not be recorded and need not be disclosed.
c. It should be recorded as a current liability.
d. It should be recorded as a long-term liability.
Answer:
b. It should not be recorded and need not be disclosed.
Explanation:
A contingent liability must be recorded in the balance sheet only if its outcome is very probable and the company can estimate its cost.
If the liability is only possible or its amount cannot be determined exactly, then it must be disclosed in the footnotes.
If the liability is only a remote outcome, or it is unlikely to happen, then it doesn't need to be recorded or disclosed.
1) The defect rate for your product has historically been about 2.00%. For a sample size of 300, the upper and lower 3-sigma control chart limits are:UCL= _______LCL=_________
Answer:
UCL= 0.044
LCL=-0.004
Explanation:
Use following formula to calculate the UCL and LCL
UCL = p + z[tex]\sqrt{\frac{p(1-p)}{n}}[/tex]
Where
P = defect rate = 2% = 0.02
z = sigma control chart limit = 3
n = samploe size = 300
PLacing values in the formula
UCL = 0.02+3[tex]\sqrt{\frac{0.02(1-0.02)}{300}}[/tex]
UCL = 0.02 + 3 x 0.008082904
UCL = 0.02 + 0.024248711
UCL = 0.044248711
UCL = 0.044
Now calculate LCL using folllowing formula
LCL = p - z[tex]\sqrt{\frac{p(1-p)}{n}}[/tex]
Where
P = defect rate = 2% = 0.02
z = sigma control chart limit = 3
n = samploe size = 300
PLacing values in the formula
LCL = 0.02 - 3[tex]\sqrt{\frac{0.02(1-0.02)}{300}}[/tex]
LCL = 0.02 - 3 x 0.008082904
LCL = 0.02 - 0.024248711
LCL = -0.004248711
LCL = -0.004
Hoffman Company purchased merchandise on account from a supplier for $65,000, terms 1/10, n/30. Hoffman Company returned $7,500 of the merchandise and received full credit.
a. If Hoffman Company pays the invoice within the discount period, what is the amount of cash required for the payment?
b. What account is debited by Hoffman Company to record the return?
Answer: a. $56925 ; b. Account payable
Explanation:
a. If Hoffman Company pays the invoice within the discount period, what is the amount of cash required for the payment?
Purchase invoice = $65000
Less: Return = ($7500)
Net Purchase Invoice = $57500
Less: Discount = $57500 × 1% = $575
Cash received = $56925
b. What account is debited by Hoffman Company to record the return?
The account that is debited by Hoffman Company to record the return is the account payable.
The classified Balance Sheet will subsection the assets section as follows:
A. Current Assets and Property, Plant, and Equipment.
B. Other Assets and Property, Plant and Equipment.
C. Current Assets and Other Assets.
D. Current Assets and Short-Term Assets.
The following lots of a particular comsmodity were available for sale during the year:
Beginning inventory 10 units at $60
First purchase 25 units at $65
Second purchase 30 units at $68
Third purchase 15 units at $75
There are 25 units of the commodity on hand at the end of the year. What is the amount of the inventory at the end of the year using the average cost method?
Answer:
1. a current assets and Property,Plant and Equipment
2. $1,684.37
Explanation:
1. Classified balance sheet is classified into current assets and Property, Plant and Equipment (long term liabilities) and the current assets are classified on the basis of liquidity.
2. Beginning inventory 10 units
First purchase 25 units
Second purchase 30 units
Third purchase 15 units
Units available for sale 80 units
Ending inventory (in units) = 25 units
Units sold = Units available for sale - Ending inventory (in units)
Units sold = 80-25
Units sold = 55 units
Beginning inventory 10 units*$60 $600
First purchase 25 units*$65 $1,625
Second purchase 30 units*$68 $2,040
Third purchase 15 units*$75 $1,125
Cost of goods available for sale $5,390
Weighted average cost per unit = Cost of goods available for sale / Units available for sale
Weighted average cost per unit = 5,390 / 80
Weighted average cost per unit = $67.375
Cost of goods sold = Units sold * Weighted average cost per unit
Cost of goods sold = 55 units * $67.375
Cost of goods sold = $3,705.625
Cost of goods sold = $3,705.63
Ending inventory = Cost of goods available for sale - Cost of goods sold
Ending inventory = $5,390 - $3,705.63
Ending inventory = $1,684.37
Thus, the amount of the inventory at the end of the year using the average cost method is $1,684.37
can someone plz tell me the percentages
Answer:
1) 7.75%
2) 1.45%
3) 6.20%
4) 3.65%
Explanation:
They are listed
A social media content strategy is __________.
a. the planning, development and management of social media content.
b. how often and on what platforms social media content should be published.
c. a collection of the resources needed to create social media content.
d. a schedule of all social media posts.
Answer:
a. the planning, development and management of social media content.
Explanation:
A social media content strategy is the planning, development and management of social media content.
Basically, a good social media content strategy is focused on actively delivering the contents such as infographics, blog posts, videos, images etc of an individual or an organization through the use of an effective and efficient channel where a larger percentage of the demographic or potential customers can easily see them.
Hence, a good social media content strategy would have a significant impact on the business as the goods and services produced by the company would experience an increased demand and as a result increasing its sales, as well as level of profit.
Answer:
A.
HOPE THIS HELPS :)
Suppose that 2 years after the issue date (as in Part a) interest rates fell to 8%. Suppose further that the interest rate remained at 8% for the next 8 years. What would happen to the price of the bonds over time
Answer:
the first part of the question is missing, so I looked fro a similar one:
Suppose Hillard Manufacturing sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments.
the market price of the bond after 2 years:
PV of face value = $1,000 / (1 + 4%)¹⁶ = $533.91
PV of coupon payment = $50 x 11.652 (PV annuity factor, 4%, 16 periods) = $582.60
market price = $1,116.51
the market price of the bond after 5 years:
PV of face value = $1,000 / (1 + 4%)⁶ = $790.31
PV of coupon payment = $50 x 5.2421 (PV annuity factor, 4%, 6 periods) = $262.11
market price = $1,052.42
the market price of the bond after 7 years:
PV of face value = $1,000 / (1 + 4%)² = $924.56
PV of coupon payment = $50 x 1.8861 (PV annuity factor, 4%, 2 periods) = $94.31
market price = $1,018.87
You are an entrepreneur in the cyber security industry seeking to develop alliances in India. India has diverse regions with many different peoples, traditions, and levels of economic development. Which two regions of India may be most conducive to developing your entrepreneurial alliances? Why?
Please limit the length of responses to two paragraphs.
Answer:
Two places to conduct cyber business in India :
1. Bangalore, Karnataka
Bangalore karnataka is the also called the cyber hub of Asia. Due to the continuous work by the Karnantaka government this place has become the prime destination for cyber industries.
2. Gurugram, Haryana
After the division of hyderabad, the second best place to implement the cyber hub is gurugram due to its high availability of labor force and workplaces.
The two regions of India that may be most conducive to developing your entrepreneurial alliances will be Bengaluru and Delhi.
It should be noted that cyber security simply means the practice of defending computers, mobile devices, severs, networks, data, etc from unauthorized use.
Based on the information given, the two regions of India that may be most conducive to developing your entrepreneurial alliances will be Bengaluru and Delhi. The reason for choosing these countries is because they're the major IT hubs in the country.
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This year Amy purchased $2,000 of equipment for use in her business.However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business.Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation expense for the equipment.
a. After the accident, Amy had the choice of repairing the equipment for $1,800 or selling the equipment to a junk shop for $300.Amy sold the equipment.What amount can Amy deduct for the loss of the equipment?
b. After the accident, Amy repaired the equipment for $800.What amount can Amy deduct for the loss of the equipment?
c. After the accident, Amy could not replace the equipment so she had the equipment repaired for $2,300.What amount can Amy deduct for the loss of the equipment?
Answer:
a. After the accident, Amy had the choice of repairing the equipment for $1,800 or selling the equipment to a junk shop for $300.Amy sold the equipment.What amount can Amy deduct for the loss of the equipment?
Amy can deduct $2,000 - $300 = $1,700 as casualty loss. Casualty losses occur due to unexpected and sudden events that damage or destroy assets.
b. After the accident, Amy repaired the equipment for $800.What amount can Amy deduct for the loss of the equipment?
Amy can deduct $1,800 as casualty loss. She can deduct the lesser between the asset cost and the cost or repairing it.
c. After the accident, Amy could not replace the equipment so she had the equipment repaired for $2,300.What amount can Amy deduct for the loss of the equipment?
Amy can deduct $2,000 as casualty loss. She can deduct the lesser between the asset cost and the cost or repairing it.
acc 340 Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost $12 each. During the month, the company made two purchases: 3,000 units at $13 each and 12,000 units at $13.50 each. Checkers also sold 12,900 units during the month. Using the LIFO method, what is the ending inventory
Answer:
$113,700
Explanation:
Last in first out (LIFO) is an inventory management method, in which the cost of the most recent product bought are the first to be charged to expenses.
With regards to the above question, we'll have;
Inventory sold = (12,000 × $13.5) + (900 × $13) = $173,700
Ending inventory = [7,200 × $12] + [(3,000 - 900) × $13]
Ending inventory = $86,400 + $27,300
Ending inventory = $113,700
Therefore, the ending inventory using LIFO is $113,700
benefits are offered by employers to attract good employees
Answer:
its true :))
Explanation:
Answer:
true
Explanation:
edg 2021
According to Henry Mintzberg, the realized strategies of a firm:__________
A) are a combination of deliberate and emergent strategies.
B) are a combination of deliberate and differentiation strategies.
C) must be based a company's strategic plan.
D) must be kept confidential for competitive reasons.
Answer:
are a combination of deliberate and emergent strategies.
Explanation:
According to Henry Mintzberg, a Canadian management scientist, the realised strategy of a firm are a combination of the deliberate and also emergent strategies.
The deliberate strategy are those parts of the intended strategy that a firm would continues to go after over time.
The emergent strategy are strategies that are not planned. These strategies come up in response opportunities and challenges that were not expected.
The Wilson family has a disposable income of $60,000 annually. Currently, the Wilson family spends 80% of new disposable income on consumption. Assume that their marginal propensity to consume is 0.8 and that their autonomous consumption spending is equal to $10,000. What is the amount of the Wilson family's annual consumer spending
Answer:
the annual consumer spending is $58,000
Explanation:
The computation of the amount of the wilson family is shown below"
Annual consumer spending is
= Disposable income × marginal propensity to consume + autonomous consumption spending
= $60,000 × 0.8 + $10,000
= $48,000 + $10,000
= $58,000
hence, the annual consumer spending is $58,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The free enterprise system is a type of economy that?
Answer:
The governemnt doesnt have many restrictions on buisness, Business has a lot of say in government activity.
Explanation:
Answer:
prevents governments from interfering with businesses.
Explanation:
Cora purchased a hotel building on May 17,.2018, for $3,000,000. Determine the cost recovery deduction for 2019.
a. $48,150
b. $59,520
c. $69,000
d. $76,920
e. None of the above
Answer:
d. $76,920
Explanation:
Calculation to Determine the cost recovery deduction for 2019
Based on the information given we were told that they purchased a hotel building on May 2018 for the amount of $3,000,000 which means that to calculate the cost recovery deduction for 2019 we would be using 2.563 to multiply the cost of purchasing the hotel reason been that hotel building is a non residential property.
Hence,
Cost recovery deduction=2.563* $3,000,000
Cost recovery deduction=$76,920
Therefore the Cost recovery deduction will be $76,920
How does a business identify how much profit was made on a job?
Answer:
Making a profit is one of the most important objectives of a business. You can calculate your business profit by subtracting your total expenses from your total revenue. To identify what the revenues and expenses are, start by choosing the time period you want to study.
Explanation:
Hope this helps u
Crown me as brainliest:)
Describe the key elements of IKEA’s globally successful business model. What are the sources of IKEA’s competi-tive advantage?
Answer:
following are the solution to this question:
Explanation:
The key factors for IKEA's growth are as follows:
It made simple to use goods as well as the technique of "do it yourself" allows employees to increase costs lower, prices fair, a good understanding of the population it wants to target, goods clean with a clear aesthetics.
These were also regarded for fair payer money for staff and vendors, as well as the mechanism is open. Its shops also provide accommodation for the whole family.
Which financial statement would include a listing of a companies assets
Answer:
Balance Sheet
Explanation:
In accounting, Balance sheet will show a complete listing of assets, liabilities and Equity of a company within a specific time period. (For most companies, the balance sheet will be made at each end of the year)
under the Assets segment, Balance sheet will specify several accounts arranged based on their liquidity. Cash usually put at the top of the list since it's considered as the most liquid assets.
People use balance sheet to give a general measurement on Company's financial health. If for example, they noticed that the liability is significantly larger than their assets, investors might feel discourage to invest in the company.
what is say's law in economics
Answer:
Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.
A firm is productively efficient when:__________.
A) it is producing its product or service at the lowest unit cost that it can
B) it is selling at the lowest price possible
C) it has the highest labor productivity that it can
D) it is making what its customers want
Answer:
Its is A
Explanation:
At a price of $100, Beachside Canoe Rentals rented 11 canoes. When it increased its rental price to $125, 9 canoes were rented. Calculate the absolute value of the price elasticity of demand for canoe rentals using the midpoint formula.
A) 2.
B) 1.25.
C) 0.9.
D) 0.75.
Answer:
C) 0.9.
Explanation:
The calculation of the price elasticity of demand is shown below:
Price elasticity of demand is
= (Change in quantity demanded ÷ average of quantity demanded) ÷ (Change in price ÷ average of price)
where,
q1 = 11
q2 = 9
p1 = $100
p2 = $125
So,
= {(9 - 11) ÷ (9 + 11) ÷ 2} ÷ {($125 - $100) ÷ ($125 + $100) ÷ 2 }
= {-2 ÷ 10} ÷ {25 ÷ 112.5 }
= -0.9
= 0.9
Explain which of the following items are money in the U.S. economy. Discuss your answers in terms of three functions of money. 1. US $100 2. Euro 3. Mona Lisa painting 4. American Express credit card
Answer:
$100
Mona Lisa painting
Explanation:
To start with, I will list the 3 primary functions of money, which are;
store of value,
unit of account, and
medium of exchange.
Going by the above, I would say that 2 of the 4 options presented before us are money, why so?
A $100 bill is definitely money, no much explanation is needed here, because it's used daily as a means of exchange between people
2. Euro is not a form of money in the US. While it is a form of money in many other places, it's not in the US because it doesn't satisfy the "medium of exchange" criteria of function of money. Euro can not be spent in a store or anywhere in the country, without it having been first exchanged into dollars
3. Mona Lisa painting, part of the functions of money is to store value, and I believe very much, a painting is a good store of money in that regard.
4. American Express credit card is not a form of money because unlike money
being used essentially, to pay for goods and services directly, a credit card is more or less, a store of wealth that is lent by the bank
The use of departmental overhead rates will generally result in:______.
A. The use of a single cost allocation base.
B. The use of a single overhead cost pool for the factory.
C. The use of a separate cost allocation base for each department in the factory.
D. The use of a separate cost allocation base for each month.
Answer:
C. The use of departmental overhead rates will generally result in the factory
Explanation:
The use of departmental overhead rates will generally result in the use of departmental overhead rates will generally result in the factory. Under the departmental overhead rates approach, separate overhead rates are ascertained for each department based on the most suited allocation base for that department. Budgeted costs and budgeted activity for that department are used to calculate departmental overhead rates.
Turner's Inc. has a price-earnings ratio of 16. Alfred's Co. has a price-earnings ratio of 19. Thus, you can state with certainty that one share of stock in Alfred's:_______
a. has a higher market price than one share of stock in Turner's.
b. has a higher market price per dollar of earnings than does one share of Turner's.
c. sells at a lower price per share than one share of Turner's.
d. represents a larger percentage of firm ownership than does one share of Turner's stock.
e. earns a greater profit per share than does one share of Turner's stock.
Answer:
B. has a higher market price per dollar of earnings than does one share of Turner's.
Explanation:
Harrison is an civil engineer and wants to sketch a plan to show the electrical and lighting locations on the same floor plan. He should use a plan, also called RCP.
Answer:should he reflected ceiling plan
Explanation:
A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $80 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is?
Answer:
Rate of return = 9.887%
Explanation:
What will be the rate of return on the bond if its yield to maturity at the end of the year is 6%
New price of the bond = Present value of the final coupon payment + Present value of the maturity amount
New price of the bond = $80 / (1+r) +$1,000 / (1+r)
New price of the bond = $80 / (1+0.06) +$1,000 / (1+.06)
New price of the bond = $80 / (1.06) +$1,000 / (1.06)
New price of the bond = $1,080 / 1.06
New price of the bond = $1,018.87
Rate of return = Coupon + New price - Old price / Initial price
Rate of return = $80 + $1,018.87 - $1,000 / $1,000
Rate of return = $98.87 / $1,000
Rate of return = 0.09887
Rate of return = 9.887%
a. Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 6%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) b. What is the duration if the yield to maturity is 10%
Answer:
A) the formula to calculate modified duration of bonds:
modified duration = [1 - (1 + y)⁻ⁿ] / y
modified duration = [1 - (1 + 6%)⁻³] / 6% = 2.673 years
if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.673 years x 1.06 = 2.833 years
B) modified duration = [1 - (1 + 10%)⁻³] / 10% = 2.487 years
if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.487 years x 1.1 = 2.736 years
a. The duration should be 2.833 years.
b. The duration should be 2.736 years.
The calculation is as follows:Modified duration = [1 - (1 + y)⁻ⁿ] ÷ y
= [1 - (1 + 6%)⁻³] ÷ 6%
= 2.673 years
Macaulay duration = modified duration × (1 + yield)
= 2.673 years × 1.06
= 2.833 years
B) modified duration = [1 - (1 + 10%)⁻³] ÷ 10%
= 2.487 years
Macaulay duration = modified duration × (1 + yield)
= 2.487 years × 1.1
= 2.736 years
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A firm operated at 90% of capacity for the past year, during which fixed costs were $420,000, variable costs were 40% of sales, and sales were $1,000,000. Operating income was:____________.
a. $420,000
b. $980,000
c. $180,000
d. $1,080,000
Answer:
A
Explanation:
Based on the fixed and variable costs, as well as the sales amount, the operating income was C. $180,000.
What was the operating income?This can be found as:
= Sales - Variable costs - Foxed costs
Solving gives:
= 1,000,000 - (40% x 1,000,000) -420,000
= 1,000,000 - 400,000 - 420,000
= $180,000
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A “new product" can be new to the world, to the market, to the producer or seller, or some combination of these.
True or False