Answer and Explanation:
The journal entry to record the given transaction is shown below;
Cash $2,881,200
Interest Expense ($2,940,000 × 2%) $58,800
To Notes Payable $2,940,000
(Being the cash and the interest expense is recorded)
Here the cash and interest expense is debited as it increased the asset and expenses while on the other hand the note payable is credited as it also increased the liabilities
For a soft drink compant, dividing the market up based on fashion preferences is an example of which segmentation variable?
A. Geographic
B. Demographic
C. Psychographic
D. Behavioral
Answer:
The correct answer is the option C: Psychographic
Explanation:
To begin with, in the field of marketing the term known as segmentation refers to the strategy of dividing the target market into different groups that characterizes themselfs because of having common features in their lifestyles of something like that for example. So when segmentation takes place there are different types of it, the psychographic segmentation is the one that focus on the psycological part of the people and their common likes, attitudes, aspirations and more. Therefore that one they are segmentating according to fashion preferences they are doing a psychographic segmentation
On Sep 18, Mesa returned $800 of the inventory. On Sep 20, Mesa paid Butte for the inventory. What journal entry did Mesa make on Sep 20
Answer:
Decrease the trade payables by a debit entry with the amount paid after the return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.
Explanation:
Hi, your question is incomplete, i tried looking for the question online but i could not find it.
Here i will explain the journal entries that are usually made when there is a Purchase, Return and Payment of Inventory assuming the view of the customer or trade receivable.
1. Purchase
Here we have to increase the value of inventory by creating a debit entry and also increase the value of trade payable by creating a credit entry.
2. Return
The value of trade payables has to be decreased to the extent of the amount that would have been paid if the inventory was not returned. Also the inventory value has to decrease with the same amount as for the trade payable.
3. Payment
Decrease the trade payables by a debit entry with the amount paid the after return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.
Under the Real Estate Law of California, an agent is required to give a copy of the listing agreement to his principal at:__________.
a. the close of escrow.
b. the beginning of escrow.
c. once the buyer has signed it.
d. at the time of signing.
Answer:
d. at the time of signing.
Explanation:
Under Section 10142 of real estate law agent has to submit a copy of the listing agreement to the principal.
Section 10142 of the real estate law of California is attached with this is attached please find it.
Use the following information to answer next three questions: IO PI IRR LIFEProject 1 $300,000 1.12 14.38% 15 yearsProject 2 $150,000 1.08 13.32% 6 yearsProject 3 $100,000 1.20 16.46% 3 yearsAssume that the cost of capital is 12%.If the firm has a maximum capital expenditures budget of $450,000, and if the projects are independent and mutually exclusive but not repeatable, which project(s) should be accepted?Projects 1 and 2Projects 1 and 3Projects 2 and 3Projects 1, 2, and 3Project 1
Answer:
Project 1
Explanation:
IO PI IRR LIFE
Project 1 $300,000 1.12 14.38% 15 years
Project 2 $150,000 1.08 13.32% 6 years
Project 3 $100,000 1.20 16.46% 3 years
Assume that the cost of capital is 12%.
We should invest in the projects that have the highest profitability index (PI) first.
PI = present value of project's cash flows / initial outlay
Projects with a high PI should also have high IRRs and this applies to this situation:
Project 3 has a PI of 1.2 and an IRR of 16.46%Project 1 has a PI of 1.12 and an IRR of 14.38%Project 2 has a PI of 1.08 and an IRR of 13.32%If the protects weren't mutually exclusive and the company had enough money for the 3 of them, then it should invest in all of them. But that is not the case, here, since the company has to decide in which project it will invest (only 1 project). The first option should be project 3, but since it cannot be repeated, and its life is short, I would go for project 1.
Besides, it is the only possible answer since you have to choose only 1 project (remember projects are mutually exclusive).
Fifteen years ago, your parents opened an investment account with an initial deposit of $5,000. Today, that account is worth $38,563. What average annual rate of return did they earn on their investment?
A. 14.47%
B. 14.59%
C. 14.78%
D. 15.03%
Answer:
B. 14.59%
Explanation:
Nper = 15
PMT = 0
PV = -5,000
FV = 38,563
Type = 0
Using the Ms Excel
Rate of return = Rate(Nper, PMT, PV, FV)
Rate of return = Rate(15, 0, -5000, 38,563, 0)
Rate of return = 0.145900003
Rate of return = 14.59%
Cosplay Unlimited sells 1,140 outfits per year at an average price of $143. The terms of the sale are 1/15, net 40. The discount is taken by 71 percent of customers. What is the company's accounts receivable balance?
a. $19,651.73
b. $17,865.21
c. $9,937.52
d. $8,632.13
e. $7,326.74
Answer: c. $9,937.52
Explanation:
The Accounts receivable balance can be calculated by;
= Outfits per years * Average Price * (Collection period/365)
Collection period;
71% take the discount which means that they pay in 15 days while the rest pay in 40.
= (71% * 15) + (29% * 40)
= 22.25 days
Accounts Receivable balance = 1,140 * 143 * (22.25/365)
= $9,937.52
Costs of insurance vary by state, risk profile and amount of coverage. Visit insurance company websites and find out how much each of these insurance policies would cost you: In Indiana Please
1.home owner's insurance for $100,000
2.medical insurance for yourself and three family members (there is no set price because medical insurance covers a percentage of costs and has co-pays)
3.automobile insurance for two cars for $50,000 each.
Answer:
Home owner’s insurance: most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. The costs for such a policy would be $500 deductible.
Medical Insurance: For a four person household with a family income of $75,000 in Virginia would be approximately $600 a month. This would not include supplementary insurance.
Automobile insurance: To insure to cars up to $50,000 in damages each, would cost $1,200 a year, paid every 6 months. This assuming that only 2 people in the household have driver’s licenses.
Explanation:
This was the sample answer given
Answer:
Homeowners insurance: most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. The costs for such a policy would be $500 deductible. Medical Insurance: For a four person household with a family income of $75,000 in Virginia would be approximately $600 a month. This would not include supplemental insurance. Automobile insurance: To insure two cars up to $50,000 in damages each, would cost $1,200 a year, paid every 6 months. This assumes that only 2 people in the household have driver’s licenses.
Explanation:
for pluto i did change it up a little
Jerry works as an accountant in a manufacturing firm. His firm has sold goods to customers on credit, while the full payment for the goods is expected after a month. In which category should Jerry mention the price of these goods? A. accounts payable B. accounts receivable C. cost of goods sold D. depreciation E. operating expenses
Answer:
If we are talking about the price Jerry and his firm purchased goods for I would say "Cost of goods sold", if we are talking about the revenue that will be collected from customers in the future I would say "accounts recceivable"
Explanation:
Answer:
the answer is b. accounts receivable
Explanation:
a word-for-word copy from edmentum:
"Accounts receivable: Let’s say that a business sells goods to a customer on credit. The customer plans to make the payment a few months later. A business recognizes this amount as a current asset called accounts receivable until it receives the payment."
Gaber Land Corp. is evaluating a 4-acre (front 2-acre and back 2-acre) waterfront property for development. Gaber is considering a design that includes a 32-unit building on each lot. Determine the total initial cost using the per unit model
Complete Question:
Gaber Land Corp. is evaluating a 4-acre waterfront property for development into rental condominiums. The front 2-acre lot is more expensive to purchase than the rear 2-acre lot, and condo leases closer to the waterfront can be more expensive than those units in the rear. Gaber is considering a design that includes a 32-unit building on each lot.
Data includes the following:
Initial Costs
Lot purchase prices: $400,000/acre front lot, $100,000/acre back lot Legal fees, applications, permits, etc.: $80,000
Site clearing and preparation: $3000/acre
Paving roadways, parking, curbs, and sidewalks: 25% of total lot at $40,000/acre.
Construction costs: $3,000,000 per building
Recurring Costs
Taxes and insurance: $5000/month per building
Landscaping: 25% of lot at S1000/acre/month
Security: $1000 building for $1500/month
Other costs: $2000/month
Revenue (assume 90% annual occupancy)
Front lot units: $2500/unit/month
Rear lot units: $1750/unit/month
Other revenue: $5000/month
Answer the following: (1) Use the concept of the per-unit model to estimate the total initial cost. annual cost, and annual revenue of this prospective project, and (2) If you made the simplifying assumption of no changes to costs and revenues for 10 years, estimate the profitability of this prospective investment ignoring the effects of money's value over time.
Answer:
Gaber Land Corp.
1a. Total Initial cost: $193,252,000
1b. Annual cost: $5,064,000
1c. Annual revenue: $5,935,200
2. Profitability of Project for 10 years:
Total Revenue $5,935,200 x 10 years = $59,352,000
Total costs $5,064,000 x 10 years = (50,640,000)
Profitability $8,712,000
The profitability totalling $8,712,000 for ten years will be reduced by the allocated cost of building for the same period in order to determine the net income.
Explanation:
a) Data and Calculations:
Initial costs:
Lot purchase prices:
Front lot, $400,000/acre x 2 = $800,000
Back lot $100,000/acre x 2 = 200,000
Legal fees, applications, permits, etc. 80,000
Site clearing & preparation: $3000/acre 12,000 ($3,000 * 4)
Paving roadways, parking, curbs, and sidewalks:
25% of total lot at $40,000/acre. 160,000
Construction costs:
$3,000,000 per building 192,000,000
Total initial costs $193,252,000
Annual costs:
Taxes and insurance: $5000/month per building $3,840,000
Landscaping: 25% of lot at S1000/acre/month 48,000
Security: $1000 building for $1500/month 1,152,000
Other costs: $2000/month 24,000
Total annual costs $5,064,000
Revenue (assume 90% annual occupancy)
Front lot units:
$2500/unit/month (32 * 4 * 2,500 * 90% * 12) = $3,456,000
Rear lot units:
$1750/unit/month (32 * 4* 1,750 * 90% * 12) = 2,419,200
Other revenue: $5000/month ($5,000 * 12) = 60,000
Total annual revenue = $5,935,200
AJAX Inc. has subsidiaries in Vietnam, Bangladesh, and China. AJAX pays an annual insurance premium to OPIC (the Overseas Private Investment Corporation). AJAX is probably protecting itself from _____.
a. natural disasters overseas.
b. financial instability.
c. unfair competition.
d. nationalization.
Answer:
The correct answer is the option B: Financial instability.
Explanation:
To begin with, the "Overseas Private Investment Corporation" or OPIC was the name given to a financial institution of the United States Government who main purpose was to help solve problems according to financial matters of companies who were going abroad to establish work and capital. Therefore that this institution was created with the objective of impulsing the United States' foreign policies. That is why that if AJAX pays an annual insurance premium to OPIC is because its trying to protect itself from financial instability that could bring the fact of going overseas to work, which in case that happens the OPIC will help them to resolve that situation
John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $421,800. He estimates that the boat he wants will cost $341,400 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 12% (compounded annually) to buy the boat at retirement?
Answer:
John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.
Explanation:
To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:
FV = M * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value or the amount of the boat he wants = $341,400
M = Annual investment required = ?
r = Annual interest rate = 12%, or 0.12
n = number of yeas = 6
Substituting the values into equation (1) and solve for M, we have:
$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)
$341,400 = M * 6.35284736
M = $341,400 / 6.35284736
M = $53,739.6824846741
Approximating to 2 decimal places, we have:
M = $53,739.68
Therefore, John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.
According to growth accounting studies, a country would achieve better results by promoting
Answer:
I dont really know i nee the points tho sorry hope you find help
Explanation:
Answer: research and education
Explanation:
Acme Company has variable costs equal to 40% of sales. The company is considering a proposal that will increase sales by $15,000 and total fixed costs by $9,000. By what amount will net income increase?
a. $6,000
b. $9,000
c. $3,000
d. $0
Answer: C
Explanation:
I main kirby in ssbu
Me too bro- me too. He was honestly my main character, and now I'm stuck with the other useless characters.
Answer:
me too except i only spam stone a bit and use a whole variety of moves
Explanation:
Assuming a 360-day year, when a $49,200, 90-day, 6% interest-bearing note payable matures, the total payment will be ______ .
Round your answer to the nearest whole dollar.
a. $2,952
b. $49,938
c. $52,152
d. $49,200
Answer:
b. $49,938
Explanation:
The computation of the total payment is shown below:
Total payment is
= Principal + interest amount
where,
The Principal is $49,200
And, the interest is
= $49200 × 6% × 90 days ÷ 360 days
= $738
Now
Total payment is
= $49,200 + $738
= $49,938
hence, the correct option is b. $49,938
The same is to be considered
Sunoco in Canada realizes the importance of physical evidence to determining the value of the service being provided.As a result,it has refurbished its restrooms and committed its station operators to maintaining hygienic restrooms.A clean-smelling restroom is an example of a positive:____________.
A) Artifact
B) Functional form
C) Ambient condition
D) Spatial format
E) Service symbol
Answer: ambient condition
Explanation:
Based on the scenario in the question, a clean-smelling restroom is an example of a positive ambient condition.
Ambient condition simply refers to a term typically used by designers when referring to the ventilation systems. It should be noted that ambient conditions gas to do with temperature, and humidity.
Ambient working conditions are essential for a company. From the question, refurbishing of the restrooms and maintaining hygienic restrooms shows that a positive ambient condition is being created.
A user access agreement typically is __________ than the list of employee expected behaviors within an organization.
Answer:
Narrower
Explanation:
To make sure that all employees that work in an organization know all their responsibilities, that is ethical and legal. They are required to review and to also accept the terms that has been stated in the user access agreement form.
So for this question, the user access agreement is narrower than the list of employees expected behavior in an organization.
How should wildlife species like grouse or deer be valued, and how should that value be balanced against the economic interests of a company like Questar? What, if anything, should Questar be doing differently?
Answer:
The description is summarized in the clarification section below, according to the particular circumstance.
Explanation:
Mostly with rising economic company's best interest including Questar, maintaining wildlife species including grouse as well as deer protected has become much more important. It is not only just the economic gain but also the ecological advantage that would not affect wildlife animals. Preserving the natural environment seems to be the most fundamental way of evaluating animal habitats. The same as deer, animal species should be covered in their habitat. It may also become extinct by upsetting them. The ecosystem is, thus, an important one that should have been taken note that to value certain native wildlife. But because service providers like Questar, who are rocky mountain oil producers, have quite a several financial advantages by exploration in that field, however, this contributes to mining, etc. in something like a wide coverage of the region which destroyed the habitat.Companies should preserve the balance, such as invading the field which is far less occupied by endangered species, reexhibiting certain organisms to a safer location, or putting the region back into the very same old role.So quester should do these things completely differently, to protect the ecological balance.
A Wal-Mart in Lawrenceville, Georgia, would be considered which type of market?
A)
It is a Product Market, because goods and services are sold there.
B)
It is a Resource (Factor) Market, because productive resources are sold
there.
C)
It is both Factor and Product Markets, because goods, services and
resources are sold there.
D)
It is neither, because the Circular Flow of Economic Activity has nothing to
do with what is being bought and sold at Wal-Mart.
Answer:
the answer to the question is A
Answer:
The answer is c
Explanation:
It is both Factor and Product Markets, because goods, services and
resources are sold there.
In Opulencia, the marginal propensity to save is only 0.10. In an effort to promote the virtues of saving, the government starts a campaign encouraging citizens to increase their marginal propensity to save to 0.20. How would this greater saving affect the impact of the multiplier?
A) The multiplier rises, making spending more powerful.
B) The multiplier falls, making spending less powerful.
C) The multiplier stays the same.
D) The multiplier will disappear altogether.
Answer:
B) The multiplier falls, making spending less powerful.
Explanation:
As we know that the multiplier refers to a factor where the changes with respect to increase or decrease of another things is to be seen.
Also,
MPS + MPC = 1
And,
Multiplier = 1 ÷ (1 - MPC)
or
= 1 ÷ MPS
In addition to this, MPS has the negative relationship with the multiplier
that means if the MPS increased then the multiplier decreased and vice versa
Therefore the option B is correct
Stock J has a beta of 1.26 and an expected return of 13.46 percent, while Stock K has a beta of .81 and an expected return of 10.4 percent. You want a portfolio with the same risk as the market. a. What is the portfolio weight of each stock
Answer:
J = 0.422
K = 0.58
Explanation:
When a portfolio is said to have risk that is equal to market, this means that the beta is equal to 1.
Let us define the weight of stock J = x
Let us define the Weight of stock K = (1-x)
To get the The Beta of portfolio = (x*1.26) + ((1-x)*0.81) = 1
When we open the brackets,
1.26x + 0.81 - .81x = 1
1.26x-0.81x = 1-0.81
0.45x = 0.19
To get x we divide through by 0.45
X = 0.422
Therefore the Weight of stock J = 0.422
Then the Weight of stock K = 1 - 0.422 = 0.578
Approximately 0.58
On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is the: a.variable cost of goods sold b.fixed manufacturing costs c.variable selling and administrative expenses d.fixed selling and administrative expenses
Answer:
c. variable selling and administrative expenses
Explanation:
On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is the variable selling and administrative expenses. Variable cost is comprised of cost of goods sold and selling and administrative expense when we deduct cost of goods sold from sales we get manufacturing margin and when we deduct further selling and administrative expense we get contribution margin.
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.
Northwest Lumber had a profit margin of 5.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8.
What was the firm's ROE?
a. 12.79%
b. 13.47%
c. 14.18%
d. 14.88%
e. 15.63%
Answer:
ROE = 0.14175 or 14.175%
Explanation:
The DuPont equation to calculate ROE or return on equity breaks the ROE into three components namely Net Income or Net Profit margin, Total assets turnover and equity multiplier. This is used to see what factor are affecting the Return on Equity generated by the business. ROE under DuPont can be calculated as follows,
ROE = NI Margin * Total Assets Turnover * Equity Multiplier
ROE = 0.0525 * 1.5 * 1.8
ROE = 0.14175 or 14.175%
All of the following are documents used for inventory control except:______.
a. a purchase order.
b. a vendor's invoice.
c. a petty cash voucher.
d. a receiving report.
Answer:
c. a petty cash voucher.
Explanation:
For controlling the inventory following documents are to be used i.e.
1. Purchase order
2. Vendor invoice
3. Receiving report
These three documents we called as an voucher package
But it does not involved the petty cash voucher
Therefore the correct option is c.
And, the same is to be considered
At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July showed that actual maintenance costs totaled $13,680 and that the associated rate variance was $450 unfavorable. If 7,000 machine-hours were actually worked during July, the standard maintenance cost per machine-hour was:
Answer:
$1.89 per machine hour
Explanation:
With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.
Standard maintenance cost = $ 13,680 - $450
= $13,230
Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;
= $13,230 / 7,000
= $1.89
Therefore, the cost was $1.89 per machine hour.
Suppose a retail store was offering 10% off all prices on all goods. The incentive to take advantage of the 10% savings is:_____.
Answer:Directly related to the list price of the good
Explanation:
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
Learn more: brainly.com/question/16911495
A competitive market is one in which:
a. few large sellers compete for a majority of the market share.
b. individual sellers and buyers have a lot of influence over market price.
c. government oversees its operation.
d. fully informed price-taking buyers and sellers easily trade a standardized good.
Answer:
d. fully informed price-taking buyers and sellers easily trade a standardized good.
Explanation:
A competitive market is a market where there is a large number of buyers and sellers that sell and purchased homogenous products. The sellers are to be considered as price takers also they cannot influence the price of the market. Plus, the demand for the perfect competition is perfectly elastic
Therefore the correct option is D.
Based on the following information, calculate the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average assuming a perpetual inventory system is in place.
Beginning Balance - 90 units at $11
March 3 - Purchase 300 units for $15
April 4 - Sell 240 units for $28
June 30 - Purchase 250 units for $18
August 16 - Sell 180 units for $30
Answer:
Cost of Sales :
FIFO = $ 6,030
LIFO = $6,840
Weighted Average = $6,354.60
Ending Inventory :
FIFO = $4,176
LIFO = $3,150
Weighted Average = $3,636.60
Explanation:
FIFO
This method assumes that the first inventory purchased will be the first to be sold
Cost of Goods Sold :
90 units × $11 = $990
150 units × $15 = $2,250
150 units × $15 = $2,250
30 units × $18 = $540
Total = $ 6,030
Ending Inventory :
232 units × $18 = $4,176
LIFO
This method assumes that the last inventory purchased, will be the last to be sold
Cost of Sales :
240 units × $15 = $3,600
180 units × $18 = $3,240
Total = $6,840
Ending Inventory :
90 units × $11 = $ 990
60 units × $15 = $ 900
70 units × $18 = $ 1,260
Total = $3,150
Weighted Average
A new average cost per unit is calculated with every purchase made.
New Average Cost = (90 units × $11 + 300 units × $15) ÷ 390 units
= $14.08
Cost of Sale , April 4 = 240 units × $14.08
= $3,379.20
New Average Cost = (150 units × $14.08 + 250 units × $18.00) ÷ 400 units
= $16.53
Cost of Sale, Aug 16 = 180 units × $16.53
= $2,975.40
Total Cost of Sales = $3,379.20 + $2,975.40
= $6,354.60
Ending Inventory = 220 units × $16.53
= $3,636.60
