1. Offering a credit customer a discount after the sale has occurred is a way to?​

Answer:

Annual depreciation (year 2)= $20,000

Explanation:

Giving the following information:

Purchase price= $115,000

Salvage value= $15,000

Useful life= 5 years

To calculate the annual depreciation under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (115,000 - 15,000) / 5

Annual depreciation= $20,000

Answer: $2,340

Explanation:

The total annual insurance is $4,680. This is prepaid insurance however and will need to be apportioned to months within the year in order to be recognized as an expense as the months go by.

The monthly insurance will be:

= 4,680 / 12 months

= $390

From March 1 to August 31 is 6 months. Total insurance recognized will be:

= 390 * 6

= $2,340

Answer:

72,880

Explanation:

Given:

Taxable amounts are as follows,

2014$40,000

2015$50,000

2016$60,000

2017$80,000

Deducible amounts are as folllows,

2014$0

2015$(15,000)

2016$(19,000)

2017$0

Solution:

Taxable amount is as follows,

2014$40,000-34%-13,600

2015$35,000-38%-13,300

2016$41,000-38%-15,580

2017$80,000-38%-30,400

Therefore the deferred liability 72,880

To income tax provision 72,880

This would be shown as deferred tax liability under the long term liabilities head with amount of $72,880

Correct Answer: pawnshop

The type of business could best meet Adel’s needs "Pawnshop" where short-term loans individuals can use valuable items like his gold watch as collateral. The correct option is B.

He repays the loan along with interest within a specified period, he can retrieve his watch. Pawnshops are designed to offer immediate cash based on the value of the pledged item.

This solution suits Adel's situation as he can secure the funds he needs for the concert tickets using his watch as collateral even though it involves some risk due to the possibility of losing the watch if he doesn't repay the loan.

Therefore, the correct option is B.

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Answer:

needs to be more spefic

Explanation:

Answer: $3.02

Explanation:

The Gordon growth method can help solve this:

Formula is:

Price of stock = (Most recent dividend * (1 + growth rate)) / (required return - growth rate)

80 = ( D * ( 1 + 6%)) /  (10% - 6%)

80 = 1.06D / 4%

1.06D = 80 * 4%

D = 3.2 / 1.06

D = $3.02

Answer: short-run fluctuations in economic activity.

Explanation:

The business cycle helps explain fluctuations in economic activity within a period of time which makes it a short run measure. The cycle consists of expansion phases and recession phases which show that economic activity seems to expand and then go into a recession overtime.

The lowest point in the recession is called the depression and when this happens, the economy hits rock bottom and starts to expand after some time. This is what happened with the Great Depression and the Great Recession. The height of the expansion is the peak and here, the economy is at its most successful.

Answer:

fixed cost.

Explanation:

Straight-line depreciation is a typical example of a fixed cost.

Answer: $5510

Explanation:

For organizations cost up to $50,000, there'll be a deduction of $5000. The remaining non deductible expense will then be spread out for 180 months. Here, the non deductible cost will be:

= ($13200 + $7100) - $5000

= $20300 - $5000

= $15300

The capitalized cost will then be:

= $15300 / 180

= $85 per month.

Since there's an ammortization of 6 months from July, then the capitalized cost will be:

= $85 × 6

= $510

Therefore, the amount that should be deducted on its first tax return will be:

= $5000 + $510

= $5510

Question Completion:

Inventories:

Beginning   9,940 units  $19,880

Ending       24,140 units

Total net Sales (255,600 units)  $1,060,740

Cost of goods purchased (269,800 units) $867,620

Quarterly Purchases:

Quarters  Units         Unit Costs     Total Costs

1              71,000             $2.98          $211,580

2            56,800               3.10            176,080

3            56,800              3.26             185,168

4            85,200              3.46           294,792

Answer:

Felipe Inc.

Income Statement for the year ended December 31, 2020:

                                       FIFO              LIFO

Sales Revenue         $1,060,740    $1,060,740

Cost of goods sold       803,976        825,304

Operating results      $256,764      $235,436

Explanation:

a) Data and Calculations:

Quarters   Units         Unit Costs     Total Costs

Beginning 9,940            $2.00            $19,880

1               71,000             $2.98            211,580

2             56,800               3.10            176,080

3             56,800              3.26             185,168

4             85,200              3.46           294,792

Total    279,740                               $887,500

Units sold 255,600

Ending inventory = 24,140 (279,740 - 255,600)

FIFO:

Cost of goods sold

= Cost of goods available for sale - Ending inventory

= $803,975.60 ($887,500 - $83,524.40)

Ending Inventory:

= $83,524.40 (24,140 * $3.46)

LIFO:

Cost of goods sold

= Cost of goods available for sale - Ending inventory

= $825,304 ($887,500 - $62,196)

Ending Inventory:

= (9,940 * $2.00) + (14,200 * $2.98)

= ($19,880 + $42,316)

= $62,196        

Answer:  $32,729

Explanation:

Net working capital for a period is the current assets of the company less the current liabilities.

Change in Net Working capital is:

= Increase in inventory + Increase in accounts receivable - Increase in Accounts payable

= 41,375 + 35,370 - 44,016

= $32,729

Answer:

A supply chain refers to a network that involves the production and delivery of goods or services from the manufacturer to the end user (consumer).

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Generally, the four (4) stages of a supply chain include the following;

I. Supply management.

II. Supply chain management.

III. Supply chain integration.

IV. Demand-supply collaboration.

Answer:

D. 62.9 days

Explanation:

Half Life Cpm activity:

320,000 / 2 = 160,000

At 100 days cpm is 120,000 then cpm 160,000 will be at 62.9 days.

[320,000 - 216,100] / 40 days = 2,597.5

160,000 / 2,597.5 = 62.9 days.

Merchandise Inventory is classified into the financial statements of a company as a current asset.

The kind of asset whose benefits are fully utilized by the company within a year and do not last for more than a year in the company's financial statements are known as current assets.

Hence, option B states about current assets.

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Answer:

Debit retained earnings for $20,160,000

Explanation:

Calculation to determine what Rick would record

First step

Shares to be distributed = .01 × 36 million

Shares to be distributed= 360,000 shares

Now let determine the Retained earnings

Retained earnings: Market value of shares = 360,000 × $56

Retained earnings: Market value of shares= $20,160,000

Therefore In recording this transaction, Rick would:Debit retained earnings for $20,160,000

Answer:

Explanation:

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Answer:

The three most commonly used credit reporting agencies that measure creditworthiness are Experian, TransUnion, and Equifax.

Credit helps you purchase a home, lease a car, rent an apartment, etc. Credit is very important, but also very dangerous. Mistakes you make will have a lasting impact that will stay on your credit report for years. NEVER max out a credit card, it will greatly impact your score and any future loans you need for the next several years following the max out. 

Credit, in my experience and opinion, is really for lenders to see how responsible of a spender you are. 

Explanation:

My answer for Plato

Answer:

[tex]\\ \dashrightarrow \:\bf \red{ ( 0.2×336)× (t-30) = (0.5×4.2×10³×30)}[/tex]

Answer:

$738.68

Explanation:

the price of the bond is $738.68.

Answer and Explanation:

The preparation is presented below:

1. For Direct labor budget

Particulars           1st quarter  2nd quarter   3rd quarter  4th quarter Year

Production Units   10400        9400                11400            12400       43600

direct labor time

per unit (hr)             0.25         0.25                   0.25               0.25         0.25

Total direct labor

hour needed           2600      2350                   2850               3100     10900

direct labor cost

per hour                   12              12                         12                    12          12

Total direct

labor cost              31200         28200               34200           37200 130800

2. For Manufacturing overhead budget

Particulars           1st quarter       2nd quarter   3rd quarter   4th quarter Year

Variable

manufacturing overhead 4420    3995              4845            5270         18530

Fixed manufacturing

overhead               84000            84000            84000        84000      336000

Total manufacturing

overhead            88420               87995              88845          89270 354530

Less: depreciation  -24000        -24000             -24000        -24000 -96000

cash disbursement

for manufacturing overhead 64420  63995  64845    65270    258530

Answer:

busineess would have to chnage that

Answer:

i guess c By creating multilateral trade agreement . i am not sure if its correct or not .

Answer:

It is important because it can help identify potential obstacles that may impede its operations and recognize the amount of funding it will need to get the business up and running.

Explanation:

It is very crucial to ascertain accurate market information in your market research before carrying out a feasibility study so as to help identify possible obstacles that would impeded the business and also to know the amount needed for funding.

Answer:

$2,167,228

Explanation:

Calculation to determine the value of the levered firm

First step is calculate Unlevered firm value using this formula

Unlevered firm value = EBIT(1 - Tax) / Cost of equity

Let plug in the formula

Unlevered firm value = $344,000(1 - 0.34) / 0.124

Unlevered firm value = $344,000(0.66)/0.124

Unlevered firm value = $1,830,968

Now let calculate the Levered firm value using this formula

Levered firm value = Unlevered firm value + (Debt * Tax rate)

Let plug in the formula

Levered firm value = $1,830,968 + ($989,000 * 0.34)

Levered firm value = $1,830,968+$336,260

Levered firm value = $2,167,228

Therefore the value of the levered firm is $2,167,228

Answer: Closest answer is: FVA $4,000 x [(1.04-1)/0.04

Explanation:

Because the deposit is constant and occurs every period, it is an annuity.

The formula for the future value of an annuity is:

= Annuity * ( (1 + rate)^number of periods - 1) / rate

Correct formula is therefore:

= 4,000 * ( ( 1 + 4%)⁵ - 1)  4%+

= 4,000 * ( 1.04⁵ - 1 ) / 0.04

Closest answer is: FVA $4,000 x [(1.04-1)/0.04

Answer:

Cowboy Company

Closing Entries:

Debit Fees Earned 156,000

Credit Income Summary 156,000

To close the revenue account to the income summary.

Debit Income Summary 75,750

Credit:

 Wages Expense 35,000

 Rent Expense 20,100

 Supplies Expense 7,800

 Utilities Expense 3,600

 Depreciation Expense 9,000

 Interest Expense 250

To close the expenses to the income summary.

Debit Net Income 80,250

Credit Cowboy, Capital 80,250

To close the income summary to the Capital account.

Explanation:

a) Data and Calculations:

Cowboy Company

Adjusted Trial Balance

December 31, 2020

ACCOUNT NAME              DEBIT     CREDIT

Cash                                156,750

Accounts Receivable         4,500

Prepaid Rent                      7,800

Building                          145,000

Accumulated Depreciation - Building 65,000

Accounts Payable                                  5,500

Salaries Payable                                     1,300

Interest Payable                                    2,000

Unearned Revenue                            24,000

Notes Payable                                    60,000

Cowboy, Capital                                 98,000

Cowboy, Withdrawals   22,000

Fees Earned                                    156,000

Wages Expense            35,000

Rent Expense                20,100

Supplies Expense           7,800

Utilities Expense            3,600

Depreciation Expense  9,000

Interest Expense             250

Totals                          411,800         411,800

Answer:

Securities returns are uncorrelated.

Explanation:

Portfolio diversification is the process of holding different asset and security classes in order to minimise the non systemic risk of the portfolio

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

Correlation is a statistical measure used to measure the relationship that exists between two variables.

1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases.

For example, there should be a positive correlation between quantity supplied and price

When there is a positive correlation, the graph of the variables is upward sloping

2. Negative correlation :  it mean that the two variables move in different direction. If one variable increases, the other variable decreases.

For example, there should be a negative correlation between quantity demanded and price

When there is a negative correlation, the graph of the variables is downward sloping

3. Zero correlation : there is no relationship between the variables

In order to achieve the highest benefit of diversification, there should be no relationship between the assets in the portfolio

Answer:

Decrease, $2,000

Explanation:

The premium on bonds payable will decrease total interest expense recognized over the life of the bond by $2,000. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.

Answer:

The answer is "[tex]10\%[/tex]".

Explanation:

You are equivalent investors in 16 percent of a portfolio and 4 percent of a risk-free asset. A weighted mean of these two will become the predicted return.

[tex]= \text{(Portfolio weight} \times \text{Return portfolio)} + \text{(Portfolio weight}\times \text{risk-free)}\\\\[/tex]

[tex]= (0.5 \times 16\%) + (0.5 \times 4\%)\\\\= (0.5 \times \frac{16}{100}) + (0.5 \times \frac{4}{100})\\\\= \frac{8}{100} + \frac{2}{100}\\\\= \frac{8+2}{100}\\\\= \frac{10}{100}\\\\= \frac{1}{10}\\\\= \frac{1}{10} \times 100\\\\=10\%[/tex]

Answer:

Income Statement:

Gains and expenses for the period go to the income statement so the accounts that go here include:

   a. Gain on Bond Retirement

   e. Bond Interest Expense

   h. Loss on Bond Retirement

Balance sheet:

All liabilities go to the Balance sheet.

   b. Discount on Bonds Payable

   c. Mortgage Notes Payable

   d. Bonds Payable

   f. Bond Interest Payable (due next period)

   g. Premium on Bonds Payable