Answer and Explanation:
The journal entries are shown below:
On Mar 11
Bad debt expense $8,100
To Account receivable $8,100
(Being bad debt expense is recorded)
On Mar 29
Account receivable Dr $8,100
To bad debt expense $8,100
(Being written off amount is recorded)
On Mar 29
Cash Dr $8,100
To account receivable $8,100
(Being collection is recorded)
Which of the following is a decision an Italian restaurant owner makes only in the long
run?
Answer:
B - The decision to stay in business
options for this question obtained through online search
A - The decision to hire an additional cook
B - The decision to stay in business
C - Whether to open on Sundays or not
D - The decision to increase prices in response to an increase in the price of cheese
Explanation:
The long-run refers to a period beyond the current financial year. Long-run decisions are futuristic in nature. In the long run, all costs and the factors of production are variable. A business has time to adapt to changes in technology and react to customer preferences.
The long-run period contrasts with the short-run. Short-run is about the current financial year. Short-run decisions have an immediate impact. The decision to hire an additional cook, whether to open on Sundays or not, and the decision to increase prices in response to an increase in the price of cheese will affect the current financial period. Staying in business is a decision that will impact the current and future periods.
If the securities market is efficient, an investor need only throw darts at the stock pages to pick securities and be just as well off as they would be with a professionally-developed portfolio. This statement is:
Answer: This statement is false.
Explanation:
An efficient security market simply means a market whereby the prices of the securities that are available rovides the investors with the necessary information and all available information.
The statement given in the question isn't true. This is due to the fact that a desirable combination of risk return may not be held by such investors which could bring about loss to the investor.
During recessionary periods: a outlays decrease and tax revenue increases. b outlays and tax revenue stay the same. c outlays decrease and tax revenue falls. d outlays increase and tax revenue falls. e outlays increase and tax revenue increases.
Answer:
D
Explanation:
A recession is when the GDP of an economy for two consecutive quarters is negative.
In a recessionary period, income falls and as a result tax falls. this makes tax is an automatic stabilizer.
The government would also increase spending in order to stimulate the economy
What are two examples of "non-store" retailing?
Answer:
vending machine
Explanation:
A company has $46,000 today to invest in a fund that will earn 4% compounded annually. How much will the fund contain at the end of 6 years
Answer:
$58,204.67
Explanation:
The computation of the fund contains at the closing of six years is shown below:
Given that
Present value = $46,000
Compound interest rate, i = 4%
Period = 6 years
Based on the above information
As we know that
Future value = Present value × (1 + interest rate)^number of years
So,
= $46,000 × (1 + 0.04)^6
= $58,204.67
All else equal, which of the following bond has the lowest market price? Select one: a. A bond with a 7% coupon. b. A bond with a 6% coupon. c. A bond with a 5% coupon. d. A bond with a 9% coupon. e. A bond with a 10% coupon.
Answer:
b. A bond with a 6% coupon.
Explanation:
All else equal, the bond with the lowest coupon payment (in this case, the bond with a 6% coupon) is the bond that will have the lowest price, simply because the coupon represents the periodic interest that the bondholder will get, and in general terms, the less interests a bond pays, the cheaper its price.
Besides, a lower coupon rate is more likely to be lower than the prevailing interest rate in the market, which is one of the most important factors when determining the price of a coupon.
Answer: c) A bond with a 5% coupon.
Explanation: All else equal, the bond with the lowest coupon rate has the lowest market price, whereas the bond with the highest coupon rate has the highest market price. As a result, a bond with a 5% coupon has a lower market price than a bond with a 6% coupon, which has a lower market price than a bond with a 7% coupon, and so on.
A bond with a 9% coupon has a higher market price than a bond with a 7% coupon, which has a higher market price than a bond with a 6% coupon, and so on. Furthermore, a bond with a higher coupon rate is less vulnerable to interest rate fluctuations because its coupon payments are larger.
As a result, high-coupon bonds have less interest rate danger than low-coupon bonds. As a result, in general, bond prices and yields move in the opposite direction.
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If the actual demand for the months of January, February and March are 10, 11 and 15 units respectively; the forecast for April using 3-period weighted moving average technique is (weights are 0.2, 0.3, 0.5) Group of answer choices
Answer: 12.8 units
Explanation:
Using the weighted moving average technique means using calculating a weighted average of the demands for the past 3 months using their weights and demand.
April forecast = (January sales * January weight) + (February sales * February weight) + (March sales * March weight)
= (10 * 0.2) + (11 * 0.3) + (15 * 0.5)
= 2 + 3.3 + 7.5
= 12.8 units
You have been told that, in this hot weather, lemonade is selling for $5.50 a unit. Use the spreadsheet to determine: g
Answer:
The revenue will be $5.50 per lemonade the cost will be $4.25 per lemonade the profit is $1.25 per lemonade.
Explanation:
Spreadsheet application is used for solving complex equation. To determine the profit per lemonade we will enter the selling price and the cost of lemonade in the cells of the spreadsheet. The gross profit calculations will be arrived when we enter the formula in the bar above the home tab.
Calculate the present value for the following assuming that the money can be invested at 12% percent. (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)
Answer and Explanation:
The computation of the present value in the following cases are as follows
As we know that
A = P × (1 + interest)^number of years
a) P = $50,000
b) $75,000 = P × (1.12)^6
P = $37,998
c) P = $12,000 × [ 1 ÷ 1.12 + 1 ÷ 1.12^2 + 1 ÷ 1.12^3 + 1 ÷ 1.12^4 + 1 ÷ 1.12^5 + 1 ÷ 1.12^6 ]
= $12,000 × [ 1 ÷ 1.12] [1- (1 ÷ 1.12)^6] / (1 - 1 ÷ 1.12)
= $12000 × [0.893] [0.493] ÷ 0.107
= $12,000 × 4.111
= $49,332
Option A would be chosen
What is the major accounting difference between interest incurred during a period and cash dividends declared during the same period
Answer: b. Interest reduces net income while dividends declared do not affect net income
Explanation:
The interest incurred during a period is deducted from the Net Income before tax is calculated as it is a tax deductible expense to the business.
Dividends on the other hand are not paid from the Net income and so do not affect it. They are rather paid from the Retained earnings which a company is only able to derive after the Net Income has been calculated.
Bermuda Cruises issues only common stock and coupon bonds. The firm has a debt–equity ratio of .77. The cost of equity is 11.7 percent and the pretax cost of debt is 6.7 percent. What is the capital structure weight of the firm's equity if the firm's tax rate is 35 percent?
Answer:
56.50%
Explanation:
Calculation for the capital structure weight of the firm's equity
Using this formula
Capital structure weight of the firm's equity =
1/(1+Debt equity ratio)
Let plug in the formula
Capital structure weight of the firm's equity =
1/(1+0.77)
Capital structure weight of the firm's equity = 1/1.77
Capital structure weight of the firm's equity = 0.5650*100
Capital structure weight of the firm's equity = 56.50%
Therefore Capital structure weight of the firm's equity will be 56.50%
You've found that few employees take advantage of free tests and screenings, including cholesterol tests. You don't have any hard numbers, but you estimate at least half of employees haven't had cholesterol tests during the past few years. You also know that many employees are nervous about getting this simple test because they think they don't want to confront the possibility of having high cholesterol. Which of the following statements is most likely to persuade employees to go to the fair and take the test?
A) • High cholesterol increases your risk of heart attack. At the benefits fair, you can receive free cholesterol tests. Our friendly nurses will discreetly provide the results, and if needed, explain the steps you can take to improve your cholesterol levels.
B) Are you scared to do a cholesterol test? Don't let this fear stop you from understanding your health situation. At the benefits fair, we are offering free cholesterol tests. Our nurses can give you immediate feedback about steps to take to reduce your cholesterol count.
C) Are you scared to do a cholesterol test? Most of us are, but it's certainly in your best interest to know where you stand. At the benefits fair, you can receive free cholesterol tests. Our friendly nurses will discreetly provide the results and, if needed, explain the steps you can take to improve your cholesterol levels.
D) Are you scared to do a cholesterol test? Don't risk a heart attack at the risk of your own pride or indifference. Now is the time to act. At the benefits fair, we are offering free cholesterol tests. Our nurses can give you immediate feedback about steps to take to reduce your cholesterol count.
Answer: C
Explanation:
In full truth, the rest either seem pushy, advertising, or non empathetic. Option C does not enduse fear or accuse the person of ignorance to their scared issues, it shares with empathy why they should continue for a screening.
A company paid its annual dividends of $4.40 per share last week. The company expects to grow its dividends at the rate of 5.0 percent per year for four years, after which the dividends are expected to remain constant at the level of $5.68 per share per year in perpetuity. If investors require a rate of return of 11.5 percent on this company's stock, what should be the price of one share of this stock today
Answer:
$47
Explanation:
Calculation for what should be the price of one share of this stock today
First step is to calculate Year 1 dividend
Year 1 dividend = 4.4 (1 + 5%)
Year 1 dividend= 4.62
Second step is to calculate Year 2 dividend
Year 2 dividend = 4.62 (1 + 5%)
Year 2 dividend= 4.851
Third step is to calculate Year 3 dividend
Year 3 dividend = 4.851 (1 + 5%)
Year 3 dividend= 5.09355
Fourth step is to calculate Year 4 dividend
Year 4 dividend = 5.09355(1 + 5%)
Year 4 dividend= 5.34823
Now let calculate the year 4 value using this formula
Year 4 value = Year 5 dividend / Required rate - Growth rate
Let plug in the formula
Year 4 value = 5.68 / 0.115
Year 4 value=49.3913
Last step is to calculate the Present value using this formula
Present value = Future value / (1 + rate)^time
Let plug in the formula
Price today = 4.62 / (1 + 0.115)^1 + 4.851 / (1 + 0.115)^2 + 5.09355 / (1 + 0.115)^3 + 5.34823 / (1 + 0.115)^4 + 49.3913 / (1 + 0.115)^4
Price today = $47
Therefore what should be the price of one share of this stock today will be $47
Rising relative strength indicates a. lack of investor conviction b. the security is performing better than the market or entity being compared c. the market is performing better than the security d. positive price momentum e. both b and d
Answer:
b. the security is performing better than the market or entity being compared
Explanation:
In the case when the relative strength is rising so that means the stock maintain its present price i.e. better as compared with the general market
In the given situation, the option B is correct as it mentioned that the security which is performed is better as compared with the market or entity.
Therefore option B is correct
And, all the other options are wrong
Assume that the current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000. The current price index is
Answer:
125
Explanation:
Calculation for the current price index using this formula
Current price index =Current price/Base year price
Let plug in the formula
Current price index=$2,500/$2,000
Current price index=1.25*100
Current price index=125
Therefore the Current price index is 125
Assume the Mirtha Company had the following balances at year-end. Assume the company recorded no write-offs or recoveries during 2015. What was the amount of bad debt expense reported in 2015
Answer:
The answer is "$ 14,500".
Explanation:
please find the complete question in the attached file:
calculating the bad debt spending reported in 2015:
[tex]\to \$ \ 80,000 - \$ \ 65,500\\\\ \to \$ \ 14,500[/tex]
30 points, please help
Answer: You didn’t post a picture can you please post it so I can answer it?
Explanation: I’ll help you but add a picture.
Answer:
Explanation:
? There’s no picture, :(
Read the following training evaluation problem, then carefully answer the questions that follow. Before beginning, you should be familiar with Kirkpatrick’s (1976) four levels of criteria for evaluating training programs:
Walstart" has recently designed a training program for their employees on crime prevention. Employees will attend a two-hour workshop designed to train them to watch for shoplifters. They will also be taught procedures that should be used when identifying a potential shoplifter. This workshop primarily includes videos of Walstart’s policies, conducted in large rooms that can accommodate up to 150 trainees at a time. You are called in to help Walstart evaluate the effectiveness of their training program.
Required:
You first ask Walstart whether they conducted an organizational needs assessment with respect to designing this training. What factors might be particularly important for you to know with respect to this type of needs assessment?
Answer:
The variables that would need to be weighed for this kind of evaluation of need will be given below.
Explanation:
Reaction: The trainees could believe that the experience has been beneficial for them anyway. This assessed some basic questions via asking the trainees, such as-did you enjoy the training? Is it going to be useful here for some on-job role? Was it possible to comprehend the vocabulary used?Learning: Evaluate the performance including its trainees by basic tests to see if the teaching needs have indeed been fulfilled. Behavior: The next step would be to see how the workers put the studying into effect to be used on the job. The procedures learned to be themselves for capturing or picking a shoplifter could now be successfully applied by the educated workers to work.Results: The assumption as well as perception including its training results will now be measured throughout this phase and therefore any shortcomings need to be reviewed and addressed during the next module for something like a successful training result.I F Passed Company (IFPC) purchased a new van on January 1, 2019. The van cost $40,000 with an estimated life of 5 years and $10,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance in the accumulated depreciation for 2020
Answer:
Accumulated depreciation= $19,200
Explanation:
Giving the following information:
The van cost $40,000 with an estimated life of 5 years and $10,000 salvage value at the end of its useful life.
To calculate the depreciation expense for each year, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2019:
Annual depreciation= 2*[(40,000 - 10,000)/5]= 12,000
2020:
Annual depreciation= 2*[(30,000 - 12,000)/5]= 7,200
Accumulated depreciation= 12,000 + 7,200= $19,200
All of the following factors drive compensatory versus non-compensatory decision making EXCEPT: * 57 points a. the total price of the items. b. the importance of the various attributes to the consumer. c. resource availability. d. the size of the choice set.
Answer:
a. the total price of the items.
Explanation:
In compensatory decision making consumer does not consider the price of the item. The Consumer evaluates the characteristics of the item. Consumer compares the good and bad characteristics of the item. He/She compensates for the price and bad characteristics of the product in Compensatory decision making.
Whereas in non-compensatory decision making the price of the product is considered.
To get rid of a bad habit, it takes a minimum of 21 days? True or False
Sheridan Company received cash of $33300 on September 1, 2020 for one year’s rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2020 adjusting entry is
Answer and Explanation:
The adjusting journal entry is shown below:
Unearned Rent revenue ($33,300 ÷ 12 × 4 months) $11,100
To Rent Revenue $11,100
(Being the unearned rent revenue is recorded)
here we debited the unearned rent revenue as it decreased the liability at the same time it increase the rent revenue as it revenue contains normal credit balance
Suppose you repay a $100 loan from City National Bank (CNB) by writing a check from your CNB checking account. Use the T accounts to show the effects of this transaction on you and the CNB. How much has your wealth changed as a result of this transaction
Answer:
T accounts shows additions & subtractions (debit & credits) to the account, in individual accounts resembling 'T' shape.
Explanation:
Repaying Loan from CNB by CNB check account :
Loan is a liability, its increase balance is credit. So, paying off loan decreases the loan, hence Loan T a/c is Debited
Bank Balance is an asset, its increase is debit. So, paying off loan by bank checking account decreases bank balance, hence Bank ac is Credited
A company reported the following amounts and balances: Beginning capital balance $45,000, Net Sales $420,000, Cost of Goods Sold $273,000, Total Expenses $112,000, Net Income $35,000, Ending Cash Balance $22,000, Withdrawals $7,200, Ending Accounts Receivable $27,000. What is the Ending Capital Balance
Answer:Ending Capital Balance= $72,800
Explanation:
Ending Capital Balance is is the amount left in an account whether , positive or negative, at the end of an accounting period and calculated as Beginning Capital Balance+Net Income-Withdrawals
Particulars Amount
Beginning Capital Balance $45,000
Add:
Net Income $35,000
deduct:
Withdrawals $7,200
Ending Capital Balance $72,800
A US importer will purchase 500 Italian sport cars on each of the following dates: the 15th of FEB, APR, JUL and OCT of 2014. The price per car is fixed at EUR40,000/car. 3.1 What is the risk born by the US importer
Answer:
Foreign exchange risk
Explanation:
Foreign exchange risk is associated with currency fluctuations. When foreign currencies fluctuate, the accounts receivables or payables will vary. Sometimes these variations are positive for your business and a gain might result, e.g. the price of euros decreases and you need less dollars to pay your debt. But other times, variations might result in negative consequences for your business. E.g. the price of euros increases, meaning that you will need more dollars to pay your debt.
3. Assume that on January 2, 2022, the copyrighted item was impaired in its ability to continue to produce strong revenues. The other intangible assets were not affected. Starn estimated that the copyright would be able to produce future cash flows of $22,700. The fair value of the copyright was determined to be $21,700. Compute the amount, if any, of the impairment loss to be recorded.
Answer:
Explained
Explanation:
The impairment loss can be calculated by comparing the carrying value and the higher of recoverable amount and value in use assets. In this question, the carrying value of the copyrighted item is not given. But we have the recoverable amount (FV) and the Value in use( i.e Future cashflows).In this question, the value in use is higher than the recoverable amount. so we will deduct value in use from the carrying amount of the copyrighted asset.
Impairment loss = Carrying value - Value in use
Revenues Low (0.30) Medium (0.50) High (0.20) A 120,000 255,000 390,000 B 130,000 295,000 460,000 C 100,000 300,000 480,000 What is the best decision if you prefer the mini-max regret approach
Answer:
B
Explanation:
The computation is shown below:
Decision S1 S2 S3
A 10000 45000 90000
(120,000 - 130,000) (295,000 - 255,000) (480,000 - 390,000)
B 0 5000 20000
C 30000 0 0
Based on the above table, the minimum value is for the decision B
So, the best decision should be taken for B only
A company's postretirement health care benefit plan had an APBO of $220,000 on January 1, 2021. During 2021, retiree benefits paid were $35,500. The discount rate for the plan for this year was 10%. Service cost for 2021 was $75,500. Plan assets (fair value) increased during the year by $37,800. The amount of the APBO at December 31, 2021, was:
Answer:
$282,000
Explanation:
APBO means Accumulated post retirement benefit obligation
Computation of amount of the APBO at December 31, 2021
APBO at the beginning $220,000
Add: Service cost $75,500
Add: Interest cost $22,000 (220,000*10%)
Less: Benefit paid $35,500
APBO at December 31 $282,000
A company's ___ is the coordinated series or sequence of functional activites necessary to transform inputs into the finished goods or services that customers value and want to buy.
Answer:
Value chain
Explanation:
The value chain refes to a concept in which it adds the values to the company and on the other hand is the sequencing series where the activities are carried out to transform the raw material into the finished goods that created some value for the customer so that they can able to buy the company goods
Therefore in the given case, the value chain is the answer
On its 2010 balance sheet, Lowell Co, reports treasury stock at cost of $1,000 million. The company has a total of 1,000,000,000 shares issued and 900,000,000 shares outstanding. What average price did Lowell Co. pay for treasury shares
Answer:
$10
Explanation:
The average price paid for a treasury stock is computed using the formula below:
Average price of treasury stock=balance of treasury stock/number of shares repurchased
balance of treasury stock=$1,000 million=$1,000,000,000
number of shares repurchased =number of shares issued- number of shares outstanding
number of shares issued=1,000,000,000 shares
number of shares outstanding=900,000,000 shares
number of shares repurchased =1,000,000,000-900,000,000= 100,000,000
Average price of treasury stock= $1,000,000,000/100,000,000=$10