a. The maturity date of the March 1 note is April 29 and that of November 1 note is Jan. 29.
b. Journal Entries:
2020
Jan. 15 Debit Cost of goods sold $25,200
Credit Inventory $25,200
Debit Accounts Receivable (JanCo.) $29,400
Credit Sales Revenue $29,400
terms 3/5, n/15.
Jan. 16 Debit Allowance for Doubtful Accounts $15,200
Credit Accounts Receivable (Fedun) $15,200
Jan. 20 Debit Cash $28,518
Debit Cash Discounts $882
Credit Accounts Receivable (JanCo.) $29,400
Mar. 1 Debit Notes Receivable $12,080
Credit Accounts Receivable (Parker Holdings) $12,080
60-day, 7% note
Apr. 15 Debit Cost of goods sold $62,200
Inventory $62,200
Debit Cash from Visa $70,606
Debit Visa Card Expense $714
Credit Sales Revenue $71,400
April 29 Debit Cash $12,219
Credit Accounts Receivable (Parker Holdings) $12,080
Credit Interest Received $139
Nov. 1 Debit Notes Receivable $24,400
Credit Accounts Receivable (Grant Company) $24,400
three-month, 6% note
Dec. 31 Debit Interests Receivable $244.67
Credit Interest Income $244.67
($24,400 x 6% x 61/12)
Dec. 31 Debit Bad Debts Expense $9,700
Credit Allowance for Doubtful Accounts $9,700
2021
Jan. 29 Debit Accounts Receivable (Grant Company) $24,760.99
Credit Notes Receivable $24,400
Credit Interests Receivable (Grant Company) $244.67
Credit Interest Income $116.32
dishonoured its note dated November 1, 2020.
Mar. 5 Debit Accounts Receivable (Derek Holston) $1,500
Credit Allowance for Doubtful Accounts $1,500
Debit Cash $1,500
Credit Accounts Receivable (Derek Holston) $1,500
Mar. 14 Debit Allowance for Doubtful Accounts $24,760.99
Credit Accounts Receivable (Grant Company) $24,760.99
Data Analysis:
2020
Jan. 15 Cost of goods sold $25,200 Inventory $25,200 Accounts Receivable (JanCo.) $29,400 Sales Revenue $29,400 terms 3/5, n/15.
Jan. 16 Allowance for Doubtful Accounts $15,200 Accounts Receivable (Fedun) $15,200
Jan. 20 Cash $28,518 Cash Discounts $882 Accounts Receivable (JanCo.) $29,400
Mar. 1 Notes Receivable $12,080 Accounts Receivable (Parker Holdings) $12,080 60-day, 7% note
Apr. 15 Cost of goods sold $62,200 Inventory $62,200 Cash from Visa $70,606 Visa Card Expense $714 Sales Revenue $71,400
April 29 Cash $12,219 Accounts Receivable (Parker Holdings) $12,080 Interest Received $139
Nov. 1 Notes Receivable $24,400 Accounts Receivable (Grant Company) $24,400, three-month, 6% note
Dec. 31 Interests Receivable $244.67 Interest Income $244.67 ($24,400 x 6% x 61/12)
31 Bad Debts Expense $9,700 Allowance for Doubtful Accounts $9,700
Allowance for Doubtful Accounts showed an unadjusted credit balance of $1,620 on this date.
2021
Jan. 29 Accounts Receivable (Grant Company) $24,760.99 Notes Receivable $24,400 Interests Receivable (Grant Company) $244.67 Interest Income $116.32
dishonoured its note dated November 1, 2020.
Mar. 5 Accounts Receivable (Derek Holston) $1,500 Allowance for Doubtful Accounts $1,500 Cash $1,500 Accounts Receivable (Derek Holston) $1,500
Mar. 14 Allowance for Doubtful Accounts $24,760.99 Accounts Receivable (Grant Company) $24,760.99
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outlook 365 can be described as a personal information manager true or false
Answer:
True.
Explanation:
If you search up this exact question, your number one answer should be from wikipedia. It says, and I quote:
"Microsoft Outlook is a personal information manager software system from Microsoft, available as a part of the Microsoft Office suite. Though primarily an email client, Outlook also includes such functions as calendaring, task managing, contact managing, note-taking, journal logging, and web browsing."
What are the professions in teaching sector?explain.
[tex] \: [/tex]
Explanation:
teachers should be identified as professionals, however it is dependent on how individual teachers conduct themselves, behave and portray their personality that defines whether they are being a professional.hope it helps[tex] \: [/tex]
Alma owns fifty shares of common stock in Alpha Corporation. Alma also owns eighty shares of preferred stock in the same corporation. Alpha Corporation has an upcoming vote for a new director. In the election for the new board member of Alpha, Alma will be able to cast:
Given the situation described above, Alma will be able to cast 50 votes.
This is because common stock gives voting rights to shareholders. And given that Alma has 50 shares of common stocks. Therefore, he would be able to cast 50 votes.
On the other hand, preferred stocks give no voting rights to shareholders.
However, preferred shareholders have preference over a company's revenue or earnings, which implies that they are paid dividends before common shareholders.
Hence, in this case, it is concluded that the correct answer is "50 votes."
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A firm has a weighted average cost of capital of 11.68 percent and a cost of equity of 15.5 percent. The debt-equity ratio is 0.65. There are no taxes. What is the firm's cost of debt
The firms Cost of Debt is 9.62%.
Data and Calculations:
Weighted average cost of capital = 11.68%
Cost of equity = 15.5%
Debt-Equity Ratio = 0.65
Without taxes, the firm's Weighted Cost of Debt (WACC) = WACC - Weighted Cost of Equity
= 11.68% - (15.5% (1 - 0.65)
= 11.68% - 5.425%
= 6.255%
Unweighted cost of debt = 6.255%/0.65
= 9.62%
Thus, the firm's cost of debt is 9.62% while the weighted cost of debt is 6.255%.
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Home Decor has a debt-equity ratio of .54. The cost of equity is 15.7 percent, the pretax cost of debt is 6.8 percent, and the tax rate is 22 percent. What will be the cost of equity if the debt-equity ratio is revised to .65
If the debt-equity ratio is revised from 0.54 to 0.65, the cost of equity will be 11.95%.
Data and Calculations:
Debt-equity ratio = 0.54
Weight of equity = 0.46 (1 - 0.54)
Cost of equity = 15.7%
Pretax cost of debt = 6.8%
Tax rate = 22%
Post-tax cost of debt = 5.3% (6.8% (1 - 22%)
Revised debt-equity ratio = 0.65
Revised weight of equity = 0.35 (1 - 0.65)
Thus, if the cost of equity is 15.7% when equity ratio is 0.46, then the cost of equity will be 11.95% (15.7%/0.46 x 0.35) when the equity ratio revises to 0.35.
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The cost of equity would 16.43% if the debt equity is revised to 0.65
Solution
The debt equity ratio = 0.54
To get the cost of the debt post tax:
= 6.8%*(1-0.22)
= 0.068*0.78
= 0.05304
= 5.304%
Next we are to get the WACC
[tex]WACC= 15.7percent*\frac{1}{1+0.54} *5.304percent*\frac{0.54}{1+0.54}[/tex]
WACC = 0.157*0.6494+0.05304*0.3506
= 0.1205
= 12.05%
Since the Debt equity ratio is revised to 0.65 and WACC stays the same
We would have
[tex]12.05percent = Ke*\frac{1}{1+0.65} +5.304percent*\frac{0.65}{1+0.65}[/tex]
0.1205 = Ke*0.606+0.05304*0.3939
0.1205 = 0.606Ke + 0.02089
We collect like terms
0.1205-0.02089 = 0.606Ke
0.09961 = 0.606Ke
Ke = 0.1643
= 16.43 percent
The cost of equity would 16.43% if the debt equity is revised to 0.65
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Because so many customer balances consist of multiple invoices, what could the auditors do to eliminate unnecessary reconciliation
In order to eliminate unnecessary reconciliation the auditors could request to send empty letter spaces to the customers.
Then the auditor should make the request of asking these customers that they should write out their balances in these letters.
The reason why the auditor has to do this is to check if they are correct or if they are not.
The account receivable has to be sent by this firm in order to determine if the customers have same amount of balance.
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examine the importance of relative
Prices
the
economy
Relative-price movements convey necessary info concerning the deficiency of specific merchandise and services. A rising relative worth indicates that demand is outstripping provide (or that offer is falling behind demand), whereas a falling relative worth denotes simply the other.
Skinner Baking Company is ready to launch a coffeecake line under the Skinner Baking 108 label. Which condition for favorable branding will likely be easiest for Skinner Baking Company to achieve
Answer:
Hybrid bikes
Explanation:
Confronting negative feelings shows weakness.
Please select the best answer from the choices provided
T
F
Answer:
It's False!! :)
Explanation: Don't get it from the guy at the top he's wrong unfortunately
Regal, Incorporated, currently has an EPS of $1.30 and an earnings growth rate of 6.5 percent. If the benchmark PE ratio is 30, what is the target share price five years from now
Based on the information given the target share price five years from now is $53.4.
First step is to earning per share for year 5 using this formula
Earning per share for year 5=EPS×(1+Growth Rate)^5
Let plug in the formula
Earning per share for year 5=$1.30×(1+.065)^5
Earning per share for year 5=$1.30×(1.065)^5
Earning per share for year 5=$1.78111266
Second step is to calculate the target share price
Target Stock price=$1.78111266×30
Target Stock price=$53.4
Inconclusion the target share price five years from now is $53.4.
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Keitaro, a university administrator, needs to send an official memo to the directors of the registration, advising, and financial aid divisions, as well as their supervisors. To determine who should receive his memo, Keitaro consults the Multiple Choice organization chart. grapevine. lateral network. social media policy.
Considering the situation described above, to determine who should receive his memo, Keitaro would need to consult "Organization Charts."
This is because an Organization Chart is a pictorial representation that shows the structure of an organization.
It usually depicts those or the top ranks at the top, while the lower ranks are placed accordingly.
It also shows the relationships and positions or jobs of the ranks or individuals presented on the organization charts.
Organization charts is often referred to as organogram.
Hence, in this case, it is concluded that the correct answer is option A. "organization chart."
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rong 200 từ hoặc ít hơn, hãy giải thích một trường hợp sử dụng phân tích lợi ích – chi phí để ra quyết định mà bạn quan sát được trong cuộc sống
say wHaT?! I don't know what that meanss
Compute the discounted payback period for a project with the following cash flows received uniformly within each year and with a required return of 8%:
The discounted payback period for the project is 2.33 years.
Time Cashflow PVF at 8% Present value Cumulative Present value
0 -$100 1 -100 -100
1 40 0.925926 37.03704 -62.963
2 50 0.857339 42.86694 -20.096
3 60 0.793832 47.62993 27.53391
Note
The PVF for each year are derived using the PVF calculator (i.e PVF, 8%, 0 years)We can also observe that we are able to payback the money before the entire 3rd year, therefore, the 2nd year will be used in calculation of discounted payback period.Discounted payback period = 2 Years + 20.096/47.6299
Discounted payback period = 2 Years + 0.33
Discounted payback period = 2.33 years.
Therefore, the discounted payback period for the project is 2.33 years.
Missing word includes "Compute the discounted payback period for a project with the following cash flows received uniformly within each year and with a required return of 8%: Initial Outlay = $100 Cash Flows: Year 1 = $40 Year 2 = $50 Year 3 = $60"
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PowerSounds Inc. is a manufacturer of audio equipment. The corporation has production, marketing, accounting, and finance departments. They have a department that makes speakers, turntables, and accessories for professional DJs, and a department that produces equipment for home use. Marlena works in the production department manufacturing speaker components. She reports to the production manager and her project manager. Emmanuel works in the accounting department and also manages public relations. The organization requires all the employees to wear the corporation's T-shirt as part of the uniform. There are also specific procedures that the employees must follow while manufacturing the instruments.
It can be inferred that Marlena works in a ________ department.
a. flat
b. wide
c. narrow
d. line
e. staff
Which items are on both the balance sheet and the statement of owner's equity?
Question 17 options:
Capital
Additional owner's investments
Net loss
Owner's withdrawals
Answer:
Additional Owners Investment
Explanation:
You can find some clues, the word "additional" and the word "owner's."
Hope it helps.
What is a labor market?
Question 6 options:
the availability and demand for jobs in a certain area
a place where people can go to learn about jobs
an online stock exchange that tracks jobs
a career cluster dealing with manual jobs
Answer:
the availability and demand for jobs in a certain area
A labor market is simply the:
A. Availability and demand for jobs in a certain area.
Based on the given question, we can see that we need to show the correct answer to the question which asked for the definition and explanation of what a labor market is.With this in mind, we can see that a labor market has to do with how available the demand for jobs are in a certain area and the man power that is needed to fill such vacancies.
Therefore, the correct answer is option A
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If Dr Oz Sleep gives 10 off coupon on its mattresses then what's one of them's mattress price of purchase, The original price is $899?
Answer:
89.9$
Explanation:
I just do it?
also if wrong I am so sorry
1 - At the Montell Company, functions are divided into areas of specialization such as production, marketing, accounting, and finance. This type of organization reflects Fayol's principle of: A. division of labour. B. equity. C. unity of command. D. hierarchy of authority. to describe middle managers whose job was to implement the 2 - Max Weber used the term orders of top management: A. management B. autocrats C. staff personnel D. bureaucrats
At the Montell Company, since the functions are divided into areas of specialization such as production, marketing, accounting, and finance, it reflects Fayol's principle of division of labor.
Max Weber used the term bureaucrats to describe middle managers. Their job is usually to implement the orders that they get from top management.
It should be noted that division of labor is when the roles that'll be performed in an organization are divided into various departments. This is done in order to make the job easier and faster.
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Which of the following statements pertain to a joint venture and not to a partnership business arrangement?
I.It has a limited purpose
II.It is a business relationship between several entities
III.Involves the sharing of gross returns rather than profits
IV.Each person or entity involved is liable only for an agreed-upon portion of the liabilities
V.Allows for the right of each person or entity involved to dispose of any interest in the property subject to the agreement
Review Later
I, III, IV and V only
II and III only
I, II, III, IV and V
I and II only
The statements that pertain to a joint venture and not to a partnership business arrangement are: I and II only.
A joint venture is a business arrangement that is entered into by two or more business entities who pool resources together to venture into a business where resources will be shared.
This is different from a partnership that involves two or more people who decide to run a combined business.
So, the major difference between these two is that joint ventures are mainly entered because of a particular project.
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Bridger Ski Co. has developed a tract of land into a ski resort. The company has cut the trees, cleared and graded the land and hills, and constructed ski lifts. a. Should the tree cutting, land clearing, and grading costs of constructing the ski slopes be debited to the land account
Answer:
A. Yes
B. No
Explanation:
According to the question, option A, The tree cutting, and land clearing answer is yes, and for option B costs of constructing the ski slopes be debited to the land account the answer is NO.
What is the land account?A land account organizes information on land value, usage, and cover in a consistent manner throughout time and space. This kind of information organization demonstrates the connections between environmental and economic processes as they occur throughout our planet.
A land account lays the groundwork for understanding Australia's land and aiding in improved decision-making. It serves as the basis for several additional accounts, including ecosystem accounts.
Using a land account, we can:
Monitor changes in vegetation and land cover and comprehend their timing and mechanisms; assess policies and programs to determine whether they are having the desired effect, and comprehend the effects of various land uses on the environment and the economy.
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Suppose that Beltran Corporation uses all-equity financing and that Beltran’s market value in one year’s time will be either $100 million or $50 million depending on the success of new product innovations. Currently, investors view the outcomes equally likely, but Beltran’s CEO Kim Smith has information that success is virtually certain. Will leverage of $25 million make Smith’s claims credible? How about leverage of $55 million?
With a leverage of $25 or $55 million, the risk of failure is diversified among equity and debt holders. Financial leverage has its risks. It will impact success negatively if the debt leverage does not add more value.
However, if Beltran Corporation achieves success with the added leverage, the equity's returns will increase because of the increased volatility.
On the other hand, debt leverage increases the cost of capital when calculating the weighted average cost of capital. The increased cost of capital reduces the market value of equity.
Data and Calculations:
Expected market value of equity with product success = $100 million
Expected market value of equity without product success = $50
Probability of product success = 50%
Expected market value of equity with or without product success = $75 million ($100 x 50% + $50 x 50%)
Thus, the leverage of either $25 or $55 million does not drive successful outcomes unless success depends solely on more funding.
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Fombell, Incorporated has the following assets in its trial balance: Cash $8,000 Equipment 58,000 Accounts Receivable 2,000 Copyright 4,000 Inventory 18,000 Patent 12,000 Building 100,000 What is the total balance of its Property, Plant, and Equipment
Based on the information given the total balance of its Property, Plant, and Equipment is $158,000.
Using this formula
Property, Plant, and Equipment Total balance=Equipment+ Building
Where:
Equipment=$58,000
Building=$100,000
Let plug in the formula
Property, Plant, and Equipment Total balance=$58,000+$100,000
Property, Plant, and Equipment Total balance=$158,000
Inconclusion the total balance of its Property, Plant, and Equipment is $158,000.
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a. Suppose the Federal Reserve wants to increase the money supply. What should it do to accomplish this goal
If the Federal reserve want to increase the money supply what they would do would be to reduce or lower the discount or the interest rate in the economy.
When the interest rate is lowered, it would discourage savings. There would be an increase in the consumption of goods and services in the economy.
Also lowering the discount rate is going to cause the banks to want to borrow more reserves from the Fed. It would then be able to create more loans.
This would lead to a raise in the money supply.
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Bonds Issued at a Discount (Effective Interest) Crafty Corporation received $472,088 of cash upon issuance of 500, $100 par value bonds. Each bond has a stated rate of 5% and will mature on December 31, 2030, 7 years after the issuance of the bonds. Interest is paid annually on December 31. The market rate of interest is 6%. Required: Prepare the journal entry for December 31, 2026. If an amount box does not require an entry, leave it blank. When required, round amounts to the nearest whole dollar. 2026 Dec. 31 Interest Expense Interest Expense Interest Expense Discount on Bonds Payable Discount on Bonds Payable Discount on Bonds Payable Cash Cash Cash Prepare the journal entry for December 31, 2027. If an amount box does not require an entry, leave it blank. When required, round amounts to the nearest whole dollar. 2027 Dec. 31 Interest Expense Interest Expense Interest Expense Discount on Bonds Payable Discount on Bonds Payable Discount on Bonds Payable Cash Cash Cash
The Crafty Corporation will record the following Journal Entries:
1. Dec. 31, 2026:
Debit Interest Expense $28,325
Credit Discount amortization $3,325
Credit Cash $25,000
To record the first interest payment and amortization of discount.
2. Dec. 31, 2027:
Debit Interest Expense $28,525
Credit Discount amortization $3,525
Credit Cash $25,000
To record the second interest payment and amortization of discount.
Data and Calculations:
Cash proceeds from bonds issuance = $472,088
Face value of bonds = $500,000
Discounts on bonds = $27,912 ($500,000 - $472,088)
Coupon interest rate = 5%
Market interest rate = 6%
Maturity period = 7 years
December 31, 2026:
Interest expense = $28,325 ($472,088 x 6%)
Cash paid = $25,000
Discount amortization = $3,325 ($28,325 - $25,000)
Bond's value = $475,413 ($472,088 + $3,325)
December 31, 2027:
Interest expense = $28,525 ($475,413 x 6%)
Cash paid = $25,000
Discount amortization = $3,525 ($28,525 - $25,000)
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Firms that use Groupon to communicate their products are actively engaged in Multiple Choice viral marketing. advertising. product placement. infomercials. personal selling.
The term that describes what the Firms engage in by using Groupon to communicate their products is Advertising.
Advertising can be regarded as attempt to influence the buying behavior of customers as well as clients. It involves using means such as radio, television or internet to communicate about ones product to the consumer.
Therefore, advertising is correct term.
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Type the correct answer in the box. Spell all words correctly.
At which stage of advertising is the customer motivated to take action?
The customer is motivated to take action at the stage of ………advertising.
Answer:
motivated to take action at the product purchase stage of advertising.
Explanation:
The customer is motivated to take action at the stage of growth or early maturity advertising.
What is advertising?
The term “advertising” refers to the part of the promotion in the market. Advertising informs the consumer about the product and services available. These are the primary goals for attracting the target audience. There are the based on the marketing promotion. The advertising is the target audience.
The customer is motivated to take action during the "growth or early maturity" stage of advertising. Persuasive advertising is a type of communication that encourages customers to take action. During the expansion stage, pricing and product or service quality should be maintained, and more features and support services may be offered.
As a result, the customer is motivated to take action at the stage of growth or early maturity advertising.
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Malcolm (37) is a U.S citizen
Answer: good for him
Explanation:
What’s a good ship name for Ronica and Jaevin
Options for dealing with uncertainty include using safety ________. Inventory and demand Demand and stock Lead time and inventory Stock and lead time
When one experiences uncertainty in business, one way they can deal with it is by using safety stock and lead time.
Safety stock and lead time:
Allow for goods to arrive earlier than they normally would have so as to avoid delays Allows for goods to be stored to satisfy an unplanned increase in demandBy doing these things, safety lead time and safety stock ensure that a company can deal with stock uncertainty such that they will have enough to sell to people.
In conclusion, one can deal with uncertainty through the use of safety lead time and stock.
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Briefly explain 2 functions of an offcice
Answer:
An office is the center point of organization. ... The office performs a clerical function such as information collection, recording analyzing, distribution of information and executive function such as planning, policies formulation, organization, decision making etc.
Explanation: