Assuming a production of 10,500 units, The budgeted materials purchase (in lbs.& $) is $630,000.
10,500 (3lbs)
= 31,500 lbs31,500lbs($20)
= $630,000.
Materials Budgeting:
Material budgeting is the process of developing a material or purchase budget in terms of the amount and monetary value of materials to be purchased over a specific time period. It not only aids in estimating material prices over time, but it also analyses material requirements. Material budgeting ensures reduced inventory risk, maximum buy lead time, low transportation costs, and improved vendor relations.
The purchase is calculated as follows: Purchase in units = Usage + Desired ending material inventory units Beginning inventory units Typically, the direct material budget is supplemented by a calculation of estimated cash payments for materials.
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time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. which of the following equations can be used to solve for the present value of an ordinary annuity?
The formula that can be used to solve for the present value of an ordinary annuity is [tex]PMT * \frac{1 - (1 + rate)^-^n}{rate}[/tex].
What is the formula for the present value of an annuity?Your question is not complete as it does not give the options but it can still be answered based on financial knowledge.
The formula to solve for the present value of an ordinary annuity is given by:
[tex]Present value of ordinary annuity = PMT * \frac{1 - (1 + rate)^-^n}{rate}[/tex]
Here:
PMT = Periodic payment
Rate = interest rate
n = number of periods
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(t/f) regular employees who have no malicious intentions are still a serious security threat to their organization.
regular employees who have no malicious intentions are still a serious security threat to their organization, The Statement above it True statement
Permanent Employees
Permanent employees are paid directly by the employer for whom they work. There is no set time when a permanent employee's employment will cease. In addition to their pay, workers frequently receive benefits like free or discounted health insurance, paid time off for holidays, vacation, or sick leave, or donations. Within their firms, permanent employees frequently have the option to change positions. Permanent employees of large organisations are typically shielded from unexpected job termination even when employment is "at will" by severance plans, such as advance warning in case of layoffs or formal punishment procedures. They could be able to join a union and benefit from their employment in terms of both social and financial perks.
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If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? what is this total amount expressed on a per unit basis?.
Your question is incomplete. Here is the full question:
A Company's relevant range of manufacturing is 7,500 units to 12,500 units. The unit costs when it manufactures and sells 10,000 units are given below. If 8,000 units are made, what is the total manufacturing overhead cost incurred to support this production status?
Amount per unit ($)
Direct materials 6.00
Direct Labor 3.50
Variable manufacturing overhead 1.50
Fixed manufacturing overhead 4.00
Fixed selling overhead 3.00
Fixed administrative overhead 2.00
Sales commissions 1.00
Variable administrative overhead 0.50
Answer:
The total amount of manufacturing overhead cost incurred to support the level of production of 8,000 units is $52,000.
Explanation:
The following equation will help determine the total manufacturing overhead:
Total manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead
Total manufacturing overhead = ($1.50 per unit × 8,000 units) + $40,000
Total manufacturing overhead = $52,000
Note:
The fixed manufacturing overhead will be $40,000 ($4 * 10,000 units) within the range of 7,500 units to 12,500 units.
The manufacturing overhead of a business incorporates direct material, direct labor, and manufacturing overhead incurred during the transformation of raw materials into finished goods.
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on february 20, cheesecake factory sold $1,000 of cheesecake factory gift cards. how will cheesecake factory's total liabilities be impacted by this transaction?
Total liabilities are all of the debts that an individual or company owes. They are divided into short-term, long-term, and other obligations. Total obligations plus equity on the balance sheet must equal total assets.
Total liabilities are the total debt and financial obligations due by a business to persons and organisations at any given moment. Obligations can be zero if all assets are backed by equity, so current assets surpass total liabilities. It is also very common for a corporation to have relatively low leverage, with existing assets financed not only by liabilities but also by equity. In a corporation, significant intangible assets are not documented on the balance sheet or recorded at their cost rather than market value.
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Exporting products overseas is an example of ________. a convertible trade fair trade a marketing mix strategy countertrade a market-entry strategy.
Exporting products overseas is an example of ________. a convertible trade fair trade a marketing mix strategy countertrade a market-entry strategy.
Countertrade is an example of exporting products overseas.
Describe countertrade.A reciprocal kind of international trade known as countertrade involves exchanging one good or service for another in place of hard currency. In underdeveloped nations with few credit or foreign exchange options, this kind of international trade is more prevalent .Barter, counterpurchase, offset, switch trading, buyback, and compensation trade are the five categories. Companies engage in countertrade for three major reasons: (1) to fulfill a foreign government mandate; (2) to protect themselves from price and currency swings; and (3) to repatriate revenues from nations that have currency export restrictions.
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The law of demand states that price and ______________ are _____________ related, ceteris paribus.
The law of demand states that price and quantity demanded are inversely related, ceteris paribus.
More about law of demand:
One of the most basic assumptions in economics is the law of demand. It explains how market economies distribute resources and establish the prices of goods and services that we encounter in daily transactions by combining the law of supply.
The quantity wanted is plotted on the x-axis versus the price on the y-axis to create the demand curve. According to the definition of the law of demand, the demand curve slopes downward. According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
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When a company collects cash from an account receivable, cash ______. multiple choice question.
When a company collects cash from an account receivable, cash increases and total assets are not affected.
What happens when cash is collected from an accounts receivable?An accounts receivable is considered to be an asset to a company because it represents that people owe the company a certain amount of money. The company therefore has an ownership claim against the assets of the accounts receivable.
Cash is another asset of a company and it will increase when cash is collected from an accounts receivable. You therefore have a situation where accounts receivable decreased and cash increased. This means that assets increased and decreased by the same amount so the total amount of assets is not affected.
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Complete the remaining columns in the chart by calculating the missing values for each
category. Round your percentages to the nearest tenth of a percent. Find percent of yearly budget rounded
The annual income tax percentage is 9.80%.
The required details for annual income tax is given below
The average monthly cost of food is $650, and the cost of housing is $11,400 a year.
$900 is the cost of clothing per year.
The typical monthly cost of transportation is $500.
$14,400 is the yearly cost for insurance and medical.
$600 per year is the cost of an emergency reserve.
$50 is the average monthly cost to save for college.
As an additional option, the percentage can be computed by dividing each individual yearly cost by the entire cost, multiplied by 100.
eg.
Annual income tax % is equal to (400/4800) X 100.
= 9.80%
As a result, The average monthly cost of food is $650, and the cost of housing is $11,400 a year.
$900 is the cost of clothing per year.
The typical monthly cost of transportation is $500.
$14,400 is the yearly cost for insurance and medical.
$600 per year is the cost of an emergency reserve.
$50 is the average monthly cost to save for college.
As an additional option, the percentage can be computed by dividing each individual yearly cost by the entire cost, multiplied by 100.
eg.
Annual income tax % is equal to (400/4800) X 100.
= 9.80%
As a result, the annual income tax percentage is 9.80%.
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What operation management tools were used extensively in managing hard rock's rockfest?
MS Project operation management tools were used extensively in managing hard rock's rockfest
This is further explained below.
What is MS Project?Generally, The software for managing projects known as Microsoft Project is created and distributed by the software giant Microsoft.
It is intended to provide assistance to project managers in the processes of defining a schedule, allocating resources to tasks, monitoring progress, controlling the budget, and assessing workloads.
In conclusion, The administration of the hard rock festival made heavy use of the operation management tools provided by MS Project.
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when delivering a professional development, feedback from your audience is important for continuous improvement. other than a satisfaction survey, what are other methods you can use to collect feedback
Here are five ways to ask clients for feedback:-
Emails, questionnaires, focus groups, and other methods of gathering customer feedback are all acceptable.Customer comments received through digital platforms.User Testing customer feedback is provided.
What exactly is client feedback?
Customer feedback is the knowledge, opinions, concerns, and suggestions that members of your community have expressed regarding their interactions with your business, goods, or services. Even (and especially) when it is unfavorable, this feedback can inspire good change in any firm by guiding changes to the customer experience.
Why is client feedback crucial?
Customer opinions are crucial since they act as a roadmap for your business' expansion. Don't you want to know what your customers think of your company in terms of what you're doing correctly and wrong?
You can uncover pearls that make it simpler to modify and improve the client experience over time in both the good and the poor. In other words, getting input is how you can continue to put your community first in all you do.
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Why are children at a disadvantage when participating in short-duration (10 to 90 second) high-intensity anaerobic activities?
Children are at a distinct drawback while collaborating in quick-duration (10 to ninety seconds) excessive intensity anaerobic sports because they produce much fewer glycolytic enzymes which might be required to assist sustained anaerobic strength.
Aerobic methods “with oxygen,” and anaerobic manner “without oxygen.” are vital to your usual fitness because they challenge your body in one-of-a-kind ways. Anaerobic exercise includes brief, rapid, excessive-depth sporting activities that don't make your body use oxygen as it does for cardio (or aerobic) sports.
The takeaway. while both aerobic and anaerobic workout has their location in a well-rounded fitness habitual, anaerobic workouts like HIIT can be greater effective for fat loss. in case you're incorporating HIIT and energy training, take into account that overall weight loss isn't always an accurate indicator of development.
Strolling, strolling, biking and swimming are examples of aerobic workouts. an aerobic hobby can be accomplished at quite a number of intensities over a time period: moderately extreme sports will increase your respiratory and coronary heart price, however, you must still be capable of performing a verbal exchange.
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Anaerobic workout is similar to cardio exercise but makes use of a one-of-a-kind shape of strength — quickly and right now. Anaerobic sports consist of excessive-intensity c language schooling (HIIT), weight lifting, circuit education, Pilates, yoga, and other varieties of power schooling.
Anaerobic exercise is a type of exercise that breaks down glucose in the body without using oxygen; anaerobic means "without oxygen". In practical terms, this means that anaerobic exercise is more intense, but shorter in duration than aerobic exercise.
Cardio exercising produces energy through the usage of continuous delivery of oxygen to maintain the modern-day level of activity with no need for extra energy from any other source. but anaerobic exercising prompts your frame to call for more electricity than your aerobic system can produce.
Kinds of anaerobic exercises
Weightlifting.
Leaping or leaping rope.
Sprinting.
High-intensity c language schooling (HIIT)
Biking.
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What+is+the+current+value+of+a+$1,000+bond+with+a+6%+annual+coupon+rate+(paid+annually)+that+matures+in+11+years+if+the+appropriate+discount+rate+is+12%?
An 11-year maturity for a $1,000 bond with a 6% annual coupon rate if the proper discount rate is 12%. $1,032.98 is the current value.
The discount rate has two unique meanings and applications, depending on the situation. The interest rate levied by the Federal Reserve Bank on short-term loans taken out by commercial banks and other financial institutions is known as the discount rate. The discount rate is the interest rate used in discounted cash flow analysis (DCF) to calculate the present value of future cash flows. Discount lending is a vital tool for monetary policy in the banking industry and is a part of the Fed's role as the lender of last resort. A project's financial viability can be determined by the discount rate, which in discounted cash flow analysis quantifies the time value of money.
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Disclaminar the question is
What is the current value of a $1,000 bond with a 6% annual coupon rate (paid annually) that matures in 11 years if the appropriate discount rate is 12%?
a loan for $100,000 was made to one of dristell’s suppliers. the supplier plans to repay dristell this amount plus 10% interest within 18 months. required: calculate net cash flows from investing activities.
Net cash used by investing activities = $ 2,15,000
Cash flows making an investment sports
coins obtained from the sale of the building was $ 5,00,000.
Cash flows are a degree of how a good deal of cash a commercial enterprise brought in or spent normal over a time period. cash go with the flow is normally damaged down into cash waft from going for walks sports activities, making an investment in sports activities, and financing sports on the assertion of coins float a common monetary announcement.
Cash paid for funding in Fleet Corp $ (1,20,000)
cash paid for the acquisition of device | $ (sixty five,000)
cash paid to mortgage provider $ (1,00,000))
internet cash utilized by investing activities = $ 2,15,000
(500,000 - a hundred and twenty,000 - sixty five,000 - 100,000)
Cash flows from making an investment activities encompass the acquisition and sale of belongings, plant
and equipment, from buy and sale of lengthy-term or quick-time period investments, as well
collections of most important on notes receivable in addition to promoting of notes receivable notice.
Land acquired by way of issuing a notice payable could be a non-coins transaction therefore, will now not be taken into consideration above, as there may be no involvement of cash.
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Perception is the process of using the ______ to acquire information about the surrounding environment or situation.
Perception is the process of using the senses to acquire information about the surrounding environment or situation.
What is perception?Perception can be defined as the way of making use of the body senses organ such as the eyes, ears, nose tongue etc to obtain information about their environment.
This senses of the body are important or essential as they enables us to be aware of our surrounding.
Therefore Perception is the process of using the senses to acquire information about the surrounding environment or situation.
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Before creating a workforce schedule, an operations manager should create what future time-horizon forecast?
Before creating a workforce schedule, an operations manager should create Short Range future time-horizon forecast.
What is workforce schedule ?
Workforce scheduling is defined as the process of creating hourly worker schedules to meet current and future demands in a workplace, such as a restaurant, hospital, or retail store. It also entails creating schedules so that the transition from one shift to the next is smooth and work continues uninterrupted.
Workforce scheduling is the foundation of smooth business operation in any industry that relies on hourly workers. And this scheduling must be efficient in order to accommodate last-minute changes such as tardiness in reporting for work and unexpected leave of absence, among other things. However, with scheduling automation on the rise and an increase in the number of apps available to manage scheduling large workforces, workforce scheduling can become more complex.
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when acme global revenues dropped, the ceo was fired. this demonstrates the influence of the in the organization’s environment. a. suppliers b. customers c. employees d. shareholders
When acme's global revenues dropped, the CEO was fired. This demonstrates the influence of the shareholders in the organization’s environment.
What does "Shareholder" mean?
Any individual, business, or institution that holds at least one share of a company's stock is referred to as a shareholder, sometimes known as a stockholder.
A shareholder's rights as a shareholder include the ability to vote for the Board of Directors, the right to receive dividends from the company, and the right to receive the company's annual financial statements.
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In mortgage lending, a borrower is required to pledge specific real property as security (collateral) for the loan in a practice called?
A property is pledged as collateral for a loan through a process known as hypothecation, which does not give the lender the legal ownership of the item. In a mortgage, the bought property is used as security for the loan, but the lender retains ownership.
What Is a Hypothecation Example?An investor who takes out a mortgage loan to buy an investment property would be an example of hypothecation. The asset is used as security for the loan. In the meantime, the investor receives the rental revenue it generates. However, if the investor doesn't make payments, the lender has the right to file for a foreclosure and seize the property.
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Algeria has a negative trade balance of $7 billion. if it is has a positive balance of goods of $10 billion, how much is its balance of services?
Balance of Trade It refers to the difference in value between a country's imports and exports of goods and services over a period of time usually expressed in the cut of currency of a particular country.
Solution:
balance of Trade = -$7 billion,
balance of Goods = + $10 billion
The formula to calculate the balance of service is
Balance of Services = Balance of trade - the balance of Goods trade-balance = 7-(10)
= 17 billion dollars
Thus, The Balance of Service is $17 billion.
A country's change balance is fantastic which means that it registers a surplus if the cost of exports exceeds the value of imports. Conversely, a country's change balance is bad or registers a deficit if the cost of imports exceeds that of exports. the united states of America have a trade surplus and the exchange balance is stated to be high-quality. If imports exceed exports the use of a vicinity has a trade deficit, and its exchange stability is said to be negative. the USA spends extra on buying goods than it may earn through selling its items.
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The _____ is a national organization composed of all nongovernmental, independent, local regulatory agencies that act to preserve good business practices.
The Council of Better Business Bureaus is a public association made out of all nongovernmental, free, and nearby administrative organizations that demonstration to protect great business rehearses.
What is Council of Better Business Bureaus?BBB NP unites business, industry, and exchange relationship to address public and global worries and advance industry best practices connected with honest promoting, youngster amicable advertising, security, and debate goal.
When an objection is submitted to the Better Business Department, they will decide whether an issue can be dealt with. For instance, BBB doesn't manage estimating, approaches, boss or representative questions, or anything connected with professional cycles or government offices.
One way the BBB brings in cash is by recruiting organizations to be "confirmed." On the off chance that an organization is certify, it can utilize the BBB licensed logo and clients will see the organization as more reliable.
Therefore To be certify, an organization should present an application and pay an expense.
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The ________ bond amortization method allocates an equal portion of the total bond interest expense to each interest period. multiple choice question. straight-line effective interest equal allocation
'The straight-line bond amortization method allocates an equal portion of the total bond interest expense to each interest period.
In economics, amortization refers to spreading payments over multiple periods. The term is used by him for two separate processes: loan write-off and asset write-off. In the latter case, it refers to allocating the cost of the intangible over time.
Amortization is an accounting policy used to reduce the carrying amount of a loan or intangible asset periodically over a specified period. For loans, amortization focuses on the distribution of loan payments over time. Depreciation is similar to depreciation when applied to assets.
Amortization is the repayment of a debt in equal installments. Part of each payment goes towards the loan amount and part towards the interest. As the loan is amortized, the principal starts small and increases each month.
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Suppose the demand curve shifts to the right and the supply curve shifts to the right by more than the demand curve. the new demand curve will be and the new supply curve will be?
Suppose the demand curve shifts to the right and the supply curve shifts to the right by more than the demand curve. The new demand curve will be high and the new supply curve will be high.
What happens to the demand curve when the supply curve shifts to the right?The thing that happens to the demand curve when the supply curve shifts to the right is that based on the fact that the supply curve is generally said to be upward sloping, a shift of the demand curve will be said to be either upward or to the right will lead to both a higher equilibrium price as well as equilibrium quantity.
Note that all of the curve can shift to the right as well as to the left. A rightward shift is one that connote an increase in demand or supply. The implication of the above is that there is a higher quantity that is is demanded, or supplied, at all of the market price.
Therefore, Suppose the demand curve shifts to the right and the supply curve shifts to the right by more than the demand curve. The new demand curve will be high and the new supply curve will be high.
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a consumer who is unhappy with a product expresses their dissatisfaction to their friends, and boycotts the company that manufactured the product. this is an example of which type of action?
In a case whereby a consumer who is unhappy with a product expresses their dissatisfaction to their friends, and boycotts the company that manufactured the product. this is an example of which type of action private response.
What is private response from a consumer?The private response from a consumer can be described as one that is been used by the consumer to show their dissatisfaction without going to the producer directly, however this can have bad impact on the brand.
Therefore, In a case whereby a consumer who is unhappy with a product expresses their dissatisfaction to their friends, and boycotts the company that manufactured the product. this is an example of which type of action private response.
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If+a+real+estate+investment+trust+(reit)+distributes+85%+of+its+net+investment+income+to+shareholders,+on+how+much+of+its+net+investment+income+must+the+trust+pay+taxes?
85% of a real estate investment trust's (REIT) net investment income must be distributed to shareholders, the trust must pay taxes on 15% of that net investment income.
A firm that owns, manages, or finances real estate that generates revenue is known as a real estate investment trust (REIT).
The capital of many investors is gathered through real estate investment trust, which are modeled after mutual funds. Without having to purchase, manage, or finance any properties themselves, this enables private investors to profit from real estate investments.
As a modification to the Cigar Excise Tax Extension, Congress established real estate investment trust in 1960. The clause makes it possible for investors to purchase shares in commercial real estate portfolios, an option that was previously restricted to the very rich and major financial intermediaries.
In general, real estate investment trust focus on a certain area of real estate. The portfolios of diversified and specialty REITs, however, could contain a variety of various property kinds, such as a REIT that owns both office and retail assets.
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item20 item 20 efficiency is , while effectiveness is . multiple choice using resources wisely; leading by example
Efficiency is using resources wisely, while effectiveness is achieving results.
How are efficiency and effectiveness related?When we are efficient, it means that we are using the resources at our disposal in a wise way. This ensures that we do not run out of that resource and are instead able to use it to produce more goods and services.
Effectiveness on the other hand, refers to being able to achieve the goals that are set. The ideal way to do things to to do it both efficiently and effectively as this ensures that we accomplish our goals while wasting the least amount of resources.
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etting goals; using resources wisely achieving results; Investing in technology using resources wisely, leading by example using resources wisely: achieving resultsFind out more on efficiency and effectiveness at https://brainly.com/question/14722433
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assets and costs are proportional to sales. debt and equity are not. the company maintains a constant 30 percent dividend payout ratio. what is the internal growth rate?
The Internal growth rate equals to 5.73%.
What is an Internal growth rate?It refers to the highest level of growth that is achievable for a business without obtaining outside financing
To calculate the internal growth rate, we need to calculate the ROA,
ROA = NI / TA
ROA = $3,420 / $37,850
ROA = .0904, or 9.04%
The plowback ratio, b, is one minus the payout ratio, so:
b = 1 - .40
b = .60
Internal growth rate = (ROA × b) / [1 - (ROA × b)]
Internal growth rate = [.0904(.60)] / [1 - .0904(.60)]
Internal growth rate = 0.0573
Internal growth rate = 5.73%
Therefore, the Internal growth rate equals to 5.73%.
Full word " Income Statement Balance Sheet
Sales $ 14,200 Current assets $ 11,100 Debt $ 15,600
Costs 8,500 Fixed assets 26,750 Equity 22,250
Taxable income $ 5,700 Total $ 37,850 Total $ 37,850
Taxes (40%) 2,280 Net income $ 3,420 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible. What is the internal growth rate?"
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prepare sterling’s december 31 year-end adjusting entry to report its stock investments with insignificant influence at fair value. 2. after the fair value adjustment is made, prepare the assets section of sterling’s december 31 year-end classified balance sheet. assume sterling plans to sell its stock investments with insignificant influence within the next two months of the upcoming year. 3. in which income statement section is the unrealized gain or loss on the portfolio of stock investments with insignificant influence reported?
Sterling’s December 31 year-end adjusting entry to report its stock investments is
1) Journal Entry:-
Particulars Debit($) Credit($)
Fair Value Adjustment A/c ($25000-(1000*$23)) 2000
Unrealized Holding Gain (Income Statement) 2000
2) Asset Section of Balance Sheet:-
Assets Amount($)
Short Term Investment:-
Investment in Shares of LDX 23000
Add: Fair Value Adjustment 2000
Total 25000
3) In Income Statement Section Unrealized Holding Gain is reported under Other Comprehensive Income.
Unrealized Holding Gain Amount = $2000
When you have some savings to invest, feel equipped to shop for shares, and don't need the cash for at least 5 years, then yes, leap in. even when the marketplace has lows — and 2022 has been full of them — in case you're invested for the long term, you'll have time to get better losses.
The easiest way to shop for shares is thru an online stockbroker. After opening and funding your account, you could purchase stocks via the broking's website in a remember of mins. other options consist of the use of a complete-service stockbroker or buying a stock without delay from the company.
Yes, you could lose any amount of money invested in shares. A corporation can lose all its fees, with a view to probably translate right into a declining stock fee. inventory expenses also range relying on the delivery and call for of the stock. If an inventory drops to 0, you can lose all of the cash you've invested.
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If parts of a firm's intended strategy fall by the wayside, it is referred to as? emergent strategy. autonomous action. unrealized strategy. realized strategy.
If parts of a firm's intended strategy fall by the wayside, it is referred to as Unrealized Strategy.
Unrealized Strategy: The elements of an anticipated strategy that were dropped are referred to as unrealized strategies.
Example:
When aspiring novelist David McConnell was having trouble making sales, he made the decision to give away free perfume as a marketing ploy.
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indicate where each item should be presented in the statement of cash flows using these four major classifications
Operating activity- Payments on interest on notes.
Investing activity- Sale of infrastructure at book value.
Financing Activity- Payments of dividend
Significant non-cash investing and financing activity- land exchange for patent.
The interest on a note payable is recorded as Interest Expense on the income statement. Typically, this refers to the amount incurred (rather than the amount paid) under the accrual basis of accounting.Book value is the cost of carrying an asset on a company's balance sheet, and it is calculated by subtracting the asset's accumulated depreciation. As a result, book value can alternatively be thought of as a company's net asset value (NAV), which is derived by subtracting total assets from intangible assets (patents, goodwill) and liabilities.A dividend payment is the distribution of profits by a firm to its shareholders. Dividends are normally given in cash, but they can also be paid in company shares, and they are frequently used by businesses to return excess profits to investors.This is the statement of cash flows.
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Here's the full question:
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity.
A left (debit) side, a right (credit) side, and a title make up an account in its ________ form
A left (debit) side, a right (credit) side, and a title make up an account in its T-form
What is a T-form of account?
The T-form of the account has its left-hand side as debit whereas its right-hand side as credit, together with the title heading, gives a snapshot of the T-form of the account presentation.
In essence, the left(debit) side would record transactions such as an increase in assets and expenses, on the other hand, the right (credit) side consists of increase in liabilities, capital as well as income. The reverse is for decreased assets and expenses because they are shown on the right(credit) side.
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you sold your motorcycle and accepted a note with the following cash flow stream as your payment. what was the effective price you received for the car assuming an interest rate of 6.0%
The effective price you received for the car assuming an interest rate of 6.0% is $6081.155
An interest rate is the amount of hobby due in keeping with the period, as a proportion of the quantity lent, deposited, or borrowed. the full hobby on an amount lent or borrowed relies upon the principal sum, the hobby charge, the compounding frequency, and the length of time over which it's miles lent, deposited or borrowed.
Effective price received:
Enter the below formula in any cell in excel
=1100/1.06+2000/1.06^2+2000/1.06^3+2000/1.06^4
Or the below formuka
=NPV(6%,{0;1100;2000;2000;2000})*(1+6%)
= $6081.155
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