Answer:
Parnevik Company
Journal Entries:
(a) March 1, 2020
Debit Notes Receivable (Goosen Inc.) $660,000
Credit Sales Revenue $660,000
To record the sale of goods in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937.
Debit Cost of Goods Sold $400,000
Credit Inventory $400,000
To record the cost of goods sold.
(b) December 31, 2020:
Debit Interest Receivable (Goosen Inc.) $55,000
Credit Interest Revenue $55,000
To record the interest receivable for 10 months on the note.
Explanation:
The sale of goods will be recorded net of the interest. Interest Receivable from Goosen Inc. will be accumulated until when it is settled by Goosen Inc. at the end of the note's 5-year life. By that time, the interest must have accumulated to $402,937 compounded yearly.
A simple supply curve shows that an increase in the price of a good will cause the quantity supplied to:
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Decrease.
b) Increase.
c) Remain constant.
d) Fluctuate randomly around its equilibrium value.
And the correct answer is the option B: Increase.
Explanation:
To begin with, in the microeconomics theory the supply curve is known for being the one who shows what quantity will be supplied by the offerents given a particular amount of price that is already establish by the interaction between the forces of the market given a perfect competitive market as an example. So in that graphic the supply curve will always have a positive slope and that is due to the law of supply that establishes that there is a direct relationship between the price a good and its supply, so that means that if the price a good increases its quantity supplied will increase as well with it.
Beauty Products International happens to be located a few miles from a minimum security prison. To help released prisoners reintegrate into society, BPI hires them in entry-level jobs, provides resources to set up a home, and provides training and education to advance to higher-level jobs as they prove themselves. BPI is using this as an opportunity to
A employ sustainable business practices with regard to its employees and society.
B remove a community constraint in order to increase the company's profitability.
С use a balanced Scorecard approach to integrate their business with the community.
D teach ethical business practices to employees.
Answer:
A employ sustainable business practices with regard to its employees and society.
Explanation:
Since in the question it is mentioned that for helping released prisoners they hired for the entry level jobs, resources are to be provides also at the same time they provides the training & education
So this represents that have business practices that are sustainable in nature with respect to the employees and society
Therefore the correct option is a.
What particular activities are involved in the enterprise's internal operational scope?
Answer:
A business internal operational scope is related to the dailya activities of the different business divisions that any company has:
Explanation:
The Marketing Department has operations like elaborating market studies, selling, and promoting products.
The Human Resources Department has operations like recruiting and training personnel.
The Operations department has operations related to the production process of the company (for a manufacturing firm)
And the Financial department has operations related with accounting and obtaining funds for the firm.
A free enterprise system relies on entrepreneurs to:
A.
decide on fair pricing for consumer goods.
B.
settle disputes between competing businesses.
C.
take risks when starting new businesses.
D.
regulate companies in important industries.
A free enterprise system relies on entrepreneurs to regulate companies in important industries. That is, in a free enterprise system, entrepreneurs have the right to establish private properties with less state control.
Free enterprise encourages economic growth through the possibility of profitability through private property, with companies themselves being responsible for establishing rules and guidelines, following current legislation, but with less intervention.
Business risks are also assumed by entrepreneurs, prices are determined by the law of supply and demand and competition is free.
Therefore, in a free enterprise system, entrepreneurs have the ability to regulate companies in important sectors, contributing to a country's economic growth, investment and industrialization.
The correct answer is letter D.
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Answer:
C. take risks when starting new businesses
Explanation: the other person is wrong
What is the payback period for a project with an initial investment of $180,000 that provides an annual cash inflow of $40,000 for the first three years and $25,000 per year for years four and five, and $50,000 per year for years six through eight?
Answer:
It will take 5.2 years to cover the initial investment.
Explanation:
The payback period is the time required to cover the initial investment.
year 1= 40,000 - 180,000= -140,000
Year 2= 40,000 - 140,000= -100,000
Year 3= 40,000 - 100,000= -60,000
Year 4= 25,000 - 60,000= -35,000
Year 5= 25,000 - 35,000= -10,000
Year 6= 50,000 - 10,000= 40,000
To be more accurate:
(10,000/50,000)= 0.2
It will take 5.2 years to cover for the initial investment.
A corporate bond has an annual coupon rate of 7.5% and pays interest annually. The face value is $1,000 and the current market price is $1,108.15. The bond matures in 14 years. What is the yield to maturity?
a. 6.31%
b. 7.82%
c. 8.00%
d. 8.04%
e. 8.12%
Answer:
the correct option is a. 6.31%
Explanation:
The computation of the yield to maturity is shown below:
Given that
Present Value = $1,108.15
NPER = 14
Future Value = $1,000
PMT = $1,000 × 7.5%
Now the formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
= 6.31%
hence, the yield to maturity is 6.31%
Hence, the correct option is a. 6.31%
All other options are wrong
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $ 85,800 Depreciation expense 12,500 Gain on sale of land 8,000 Increase in merchandise inventory 2,550 Increase in accounts payable 6,650
Answer:Cash provided bY operating activities = $94,400
Explanation:
Using the indirect method
Net Income $85,800
Add :
Depreciation expense $12,500
Increase in accounts payable $6,650
Deduct :
Gain on sale of land ($8,000)
Increase in inventory ($2,550)
Cash provided bY operating activities $94,400
Answer:
94,400
Explanation:
Cash flow from operating activities using the indirect method is calculated as follows
Statement of Cash Flow
Amount Total
Income 85,800
Gain on sale of Land (8,000)
Depreciation 12,500
Increase in inventory (2,550)
Increase in accounts payable 6,650
Cash flow from operating activities 94,400
Curtis invests $700,000 in a city of Athens bond that pays 9.00 percent interest. Alternatively, Curtis could have invested the $700,000 in a bond recently issued by Initech, Incorporated that pays 11.00 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent. How much implicit tax would Curtis pay on the city of Athens bond?
Answer:
$14,000
Explanation:
Calculation for How much implicit tax would Curtis pay on the city of Athens bond
Using this formula
Implicit tax=(Amount invested*Initech Interest rate)- (Amount invested* Athens bond Interest rate)
Let plug in the formula
Implicit tax=(11%*$700,000)- (9%*$700,000)
Implicit tax=$77,000-$63,000
Implicit tax=$14,000
Therefore the implicit tax that Curtis would pay on the city of Athens bond will be $14,000
Google reportedly offered to buy Groupon for $5 billion to $6 billion in November 2010—an offer that Groupon turned down. Why do you think Google wanted to acquire Groupon, and why do you think Groupon turned Google down?
Instant rewards reinforce desired behavior. Annual raises are ________ effective in reinforcing behavior because there is too much time between the behavior and the reward.
A. more
B. less
C. as
D. never
Answer:
B. less
Explanation:
As compared with the instant rewards the annual raises are becomes less effective when the behavior is reinforced also it is depend upon the time gap that lies between the behavior and the actual reward
Therefore as per the given situation, the option b is correct
hence, all other options are wrong
So, the same is to be considered
The manufacturing process used to make a wide variety of highly customized products typically in small quantities as small as one is a:_____
Answer:
"Job Shop" would be the appropriate solution.
Explanation:
A workshop seems to be a small enterprise or organization that makes unique items within one person at the same time. It is a production unit that deals in tailor-made including custom-built components in limited amounts. Under that same production or manufacturing economy, a large number of products are manufactured with smaller quantities requiring a remarkable setup as well as production measures.Unemployment is often called a lagging or trailing indicator because unemployment tends to rise some time after the economy begins to slow down, and unemployment begins to fall again after the economy begins to rebound. Unemployment trails GDP because:
A) laws prevent firms from reducing employment during recessions and during expansions people are still collecting unemployment insurance.
B) firms reduce hours before laying off when the economy is in recession, and increase hours before hiring when the economy expands.
C) when the economy is in a recession, firms do not want to pay unemployment insurance, and during expansions they do not want the added cost of new employees.
D) the labor force increases during recessions and shrinks during expansions.
Answer:
B) firms reduce hours before laying off when the economy is in recession, and increase hours before hiring when the economy expands.
Explanation:
In the case when the output falls so the workers would not be laid off in a direct manner. In the first time the labor would be decreased so that the demand could be analyzed. The same would be happen in that case also where the growth picked up
Therefore in the given case, the option B is correct
And the other options are wrong
Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answer:
Price of the Bond = $935.63
Explanation:
N = 15 x 2 = 30
I/Y = 7.0%/2 = 3.5%
PMT = 6.3% x 1000 / 2 = 31.5
FV = 1000
Using the Ms Excel Function
Price of the Bond = PV(N, I/Y), PMT, FV)
Price of the Bond = PV(30, 3.5%, 31.5, 1000)
Price of the Bond = $935.6278411
Price of the Bond = $935.63
The book value per share of stock is the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is
Answer:
False
Explanation:
The book value per share of stock can be defined as a measure of the total amount of value associated with a net asset that an investor is entitled to when he or she buys a share of stock.
The book value per share of stock is a ratio of the equity gotten by an investor to the amount of outstanding shares.
Hence, the book value per share of stock is not the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is completely false.
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a
Answer: Wholesaler
Explanation:
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.
A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers
Here, Television Haven is a whilesaler while the department store is a retailer.
Investment is an example of which of the following risks?
O Political risk
O Uncontrollable risk
O Pure risk
O Speculative risk
Answer:
Political risk
Explanation:
Investment is an example of Political risk of the following risks?
Answer:speculative risk
Explanation:
correct answer
A company has beginning inventory of 42 units at a cost of $13.00 each on October 1. On October 5, it purchases 27 units at $14.00 per unit. On October 12 it purchases 37 units at $15.00 per unit. On October 15, it sells 81 units.
Required:
Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
Answer:
$375
Explanation:
October 1: 42 units at $13 = $546
October 5: 27 units at $14 = $378
October 12: 37 units at $15 = $555
total = $1,479
October 15: 81 units sold
Cost of goods sold under FIFO:
42 units at $14 = $546
27 units at $14 = $378
12 units at $15 = $180
total = $1,104
inventory on October 15 after sale = $1,479 - $1,104 = $375
Which of the following does NOT distinguish a blog?
a. Updated frequently Include links, pictures, videos
b. Collection of thoughts on a variety of topics
c. Written in second person
d. Accessible online for free
Answer:
c. Written in second-person
Explanation:
Indeed, although blog contents are available online for free, may include links, pictures, videos, and a variety of thoughts, they are usually not written in second-person writing style.
Remember, the second-person writing style involves writing from another person's viewpoint. However, a blogger often writes from his or her views on a variety of topics which ultimately implies they'll use the first-person writing style. Hence, a blog is not distinguished by been written in the second person.
A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on an index is 900. Futures contracts on $250 times the index can be traded. What trade is necessary to reduce beta to 0.9 (how many contracts should be shorted)?
Answer:
Short of 48 contracts.
Explanation:
What trade is necessary to reduce beta to 0.9?
Number of contract to be shortened = (0.9 - 1.2) * 36,000,000 / (900*$250)
= -0.3*36,000,000 / 225,000
= -10,800,000 / 225,000
= -48
As it is of negative value, it should be short of 48 contracts.
Shiny Industries producers of crab meat can issue perpetual preferred stock at a price of $31.86 per share. The stock would pay a constant annual dividend of $4.85 per share. What is the company's return on preferred stock (r)
Answer:
the return on the preferred stock is 15.22%
Explanation:
The computation of the return on the preferred stock is shown below:
Return on Preferred Stock is
= Constant annual Dividend ÷ Price × 100
= $4.85 ÷ $31.86 × 100
= 15.22%
Hence, the return on the preferred stock is 15.22%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000.
Required:
a. What is the maximum amount Gene can contribute to an IRA in 2016?
b. What is the maximum amount Beth can contribute to an IRA in 2016?
Answer:
a. $5,500
b. $5,500
Explanation:
During 2016, the maximum contribution per person was $5,500 ($6,500 if older than 50) or 100% of taxable income, whichever is lower. Since both spouses work, they can both contribute to their own IRA accounts. Assuming that they file their taxes jointly, then they can both contribute the maximum amount (it doesn't matter who earns more money) since their combined AGI is higher than $11,000.
compare and contrasts the different measures of economic development
Crane Corp. had total variable costs of $281,400, total fixed costs of $130,350, and total revenues of $420,000. Compute the required sales in dollars to break even.
Answer:required sales to break even=$395,000
Explanation:
Break Even Sales = Fixed Expenses / Contribution Margin
But
Fixed Costs /Expenses is given as $130,350
And
Contribution Margin Ratio is solved as (Total Revenue - Variable Cost) / Total Revenue x 100
= ($420,000-$281,400)/ $420,000 x 100
=0.33 x 100
= 33%
Break Even Sales = $130,350/33%
= $395,000
Will mark Brainly
What does CPM imply, and what is the software package that helps in assessing your online promotional tool?
CPM implies the expenditure invested in reaching (___) individuals. A marketing (___) is a software package that helps you calculate the vital statistics about your marketing promotion campaign.
First blank choices are
10,000
100
1,000
Second blank choices are
dashboard
reach
service
Answer:
1,000 dashboard
Explanation:
M is 1,000
A dashboard is a software package
Answer:
1,000
dashboard
Explanation:
took on plato
I need help ASAP
The ethical danger of data mining primarily centers around
O A. privacy and security issues
O B. equal access to data
O C. objectivity and fairness
O D. research methods
The ethical danger of data mining primarily centers around privacy and security issues. Thus, option (a) is correct.
What is data?The term “data” refers to such kinds of information. Data is a set of information, facts, images, and numbers. The data is a methodical record of the built-in data file. The data are the always recorded into the electronic devices. The data are to share with different file, but share safely because hacker are the smart.
According to the internet period was the important are the ethical are the around the privacy and the securities are the necessary. The data are the hacking are the danger are the conceptual to the based on the around on the primarily are the privacy and the security was the necessary.
As a result, the ethical danger of data mining primarily centers around privacy and security issues. Therefore, option (a) is correct.
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Ryan received land and a building from Thom as a gift. Thom's adjusted basis and the fair market value at the date of the gift are as follows:
Asset Adjusted Basis FMV
Land $40,000 $35,000
Building 110,000 90,000
Thom paid 8,000 gift tax was paid on the transfer.
Required:
a. Determine Gerald’s adjusted basis for the land and building.
b. Assume instead that the fair market value of the land was $87,000 and that of the building was $120,000. Determine Gerald’s adjusted basis for the land and building.
Answer:
a. Determine Gerald’s adjusted basis for the land and building.
Gerald's adjusted basis for gains:
Land = $40,000Building = $110,000Gerald's adjusted basis for loss:
Land = $35,000Building = $90,000The higher the basis, capital gains will be lower. But a lower adjusted basis for loss also decreases the amount of capital losses that can be reported if the asset is sold at a lower price.
b. Assume instead that the fair market value of the land was $87,000 and that of the building was $120,000. Determine Gerald’s adjusted basis for the land and building.
Since the fair market value of the gift is higher than the adjusted basis, then Gerald's adjusted basis will be equal to the FMV (for gains or losses):
Land = $87,000Building = $120,000If there is a high supply for a product, then production would be _____.
decreased
increased
the same
none of the above
Answer:
the same i think is this correct
Answer:
increased
Explanation:
edg
Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:
Product Cost Sales Price
A $40 $60
B 80 100
C 40 80
D 100 130
E 20 30
A) Selling costs include a sales commission equal to 20% of selling price and shipping costs equal 10% of cost. What per unit value should Royal Decking use for each of its products when applying LCNRV?
B) If Royal has 1,000 units of each product, what should total inventory be on the balance sheet if the company applies LCNRV at the product level?
Answer:
Royal Decking
A) Per unit value for each of Royal Decking's products, applying LCNRV:
Product Cost Sales Price NRV LCNRV
A $40 $60 $44 ($60 - 12 - 4) $40
B 80 100 $72 ($100 - 20 - 8) $72
C 40 80 $60 ($80 - 16 - 4) $40
D 100 130 $84 ($130 - 26 - 10) $84
E 20 30 $22 ($30 - 6 - 2) $20
B. Total Inventory on the balance sheet is:
$256,000
Explanation:
a) Data and Calculations:
Ending Inventory at December 31, 2021:
Product Cost Sales Price NRV LCNRV Inventory value
A $40 $60 $44 ($60 - 12 - 4) $40 $40,000
B 80 100 $72 ($100 - 20 - 8) $72 $72,000
C 40 80 $60 ($80 - 16 - 4) $40 $40,000
D 100 130 $84 ($130 - 26 - 10) $84 $84,000
E 20 30 $22 ($30 - 6 - 2) $20 $20,000
Total inventory value $256 $256,000
= ($256 * 1,000)
Selling costs = 20% of selling price
Shipping costs = 10% of cost
Answer:
Explanation:
To get the NRV we should proceed with this formula.
Selling price ($60)x(20%) = 12.
60-12 = 48
Cost ($40)x(10%) = 4.
40-4 = 36
Then we do this.
48 + 36 = 84
Then we subtract this number from the original cost number.
84 - 40 = 44
So the NRV of A is 44.
I am not a professor but this is the way I can teach and using this method I got my question correctly. Do the rest yourself following this example.
It costs Blakeley Company $20.90 of variable and $1.90 of allocated fixed costs to produce an industrial trash can that normally sells for $30.10. A buyer offers to purchase 2,500 units at $21.90 each. Blakeley has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income
Answer:
The effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Explanation:
This can be determined as follows:
Number of units offer to purchase by a buyer = 2,500
Price offered per unit by the buyer = $21.90
Variable cost per unit = $20.90
Allocated fixed costs per unit = $1.90
Total cost per unit = Variable cost per unit + Allocated fixed costs per unit = $20.90 + $1.90 = $22.80
Loss per unit of the offer = Price offered per unit by the buyer - Total cost per unit = $21.90 - $22.80 = -$0.90
Total loss of accepting the offer = Number of units offer to purchase by a buyer * Loss per unit of the offer = 2,500 * (-$0.90) = -$2,250
Since there is loss of $2,250 from accepting the offer, the effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Dividends are best defined as:
a. cash or stock payments to shareholders.
b. cash or stock payments to either bondholders or shareholders.
c. distributions of stock to current shareholders.
d. cash payments to shareholders.
e. cash payments to either bondholders or shareholders.
Answer: a. cash or stock payments to shareholders
Explanation:
A dividend is a cash or stick payment that is given to the shareholders of a company. This reward given to the shareholders can be in the form of cash or other form.
The dividend given to the shareholders is gotten out of the profit that the company makes.
Therefore, the correct option is A.
