The appropriate journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.
Journal entries(a) December 31, 2015
Debit Notes receivable $129,859.2
($160,000 x 0.81162)
Credit Service revenue $129,859.2
(PV of $160,000 due in 2 years at 11%)
(b) December 31, 2016
Debit Notes receivable $14,284.5
($129,859.2 x 11%)
Credit Interest revenue $14,284.5
(c) December 31, 2017
Debit Discount on notes receivable $44,425
[$160,000 - ( $129,859.2- $14,284.5)]
Credit Interest revenue $44,425
Debit Cash $160,000
Credit Notes receivable $160,000
Inconclusion the journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.
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If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.
For a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.
Why is the relationship between demand and price of prestige products direct?The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.
And when the quantity demanded increases, the price tends to increase.
An example of a prestige product is an old car.
Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.
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Explain why it is important that prices are flexible. Analyze if you were a manager of a store and how would you deal with a surplus and a shortage. Explain how the law of demand relates to a recent purchase that you have had to make.
Answer:
Price Flexibility is one of the most important practices in our economy to maintain the law of demand and supply. It is also very helpful in the price.
Explanation:
PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3]
Marshalls Corporation completed a $540,000, 8 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2021.
Required:
For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2021, financial statements immediately after the bonds were issued
The amounts that would be reported on January 1, 2021, financial statements of Marshalls Corporation after the issuance of the bonds under these three independent cases are as follows:
Financial statements Case A Case B Case C
(Issued at 100) (Issued at 96) (Issued at 104)
a. Bonds Payable $540,000 $540,000 $540,000
b. Unamortized Premium
(or discount) $0 $21,600 $21,600
c. Carrying Value $540,000 $518,400 $561,600
Data and Calculations:Face value of bonds payable = $540,000
Bond interest = 7%
Bonds issued at par (at 100):
Face value of bonds payable = $540,000
Cash proceeds = $540,000
Unamortized premium (or discount) = $0 ($540,000 - $540,000)
Bonds issued at discount (at 96):
Face value of bonds payable = $540,000
Cash proceeds = $518,400 ($540,000 x 96%)
Unamortized discount = $21,600 ($540,000 - $518,400)
Bonds issued at premium (at 104):
Face value of bonds payable = $540,000
Cash proceeds = $561,600 ($540,000 x 104%)
Unamortized premium = $0 ($561,600 - $540,000)
Question Completion:Marshalls Corporation completed a $540,000, 7 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2018.
Required: For each of the three independent cases that follow, provide the following amounts to be reported on January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) January 1, 2018—Financial statements Case A (Issued at 100) $ 650,000 Case B (at 96) 650,000 Case C (at 104) 650,000 $ $ a. Bonds Payable b. Unamortized premium (or discount) c. Carrying Value
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What the 10 president
Answer:
John tyler
Explanation:
He was the tenth president of the USA
Consider the following two situations: (1) you buy a Porsche produced in Germany, (2) you buy a Volkswagen produced in the U.S. Which of the following statements is true? Note: multiple answers are allowed. a. The action in situation (1) has a direct effect on net exports b. The action in situation (2) has a direct effect on net exports c. The action in situation (1) has a direct effect on net capital income d. The action in situation (2) has a direct effect on net capital income
The purchase of a Porsche produced in Germany has a direct effect on net exports
What is net export?
Net exports is total export less import. Import is when a good or service is brought into a country from a foreign country. Import reduces the value of the net exports. Export is when a good produced in a country is sold in a foreign country.
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Emily works for a small company, where she is the only employee who
handles payroll. What is the best option for the company to ensure that Emily
does not commit payroll fraud?
A. The company should have a different employee handle payroll.
B. The company should conduct an extensive background check.
C. The company should make sure that Emily's office and computer
are monitored.
D. The company should have an outside source review the payroll.
The best option for the company to ensure that Emily does not commit payroll fraud is that the company should have an outside source review the payroll.
What is a payroll fraud?This type of fraud is related to theft of cash from a business via the payroll processing system.
Hence, having an outside source review the payroll to crosscheck the payroll before any payment is made.
Therefore, the Option C is correct.
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Cattle breeds in Philippines
Answer:
Four breed types have been recognized, the Ilocos in northwestern Luzon, Batangas in southwestern Luzon, Iloilo on Panay island, and Batanes Black on the Batanes Islands between Luzon and Taiwan.
For a closed economy, gdp is $12 trillion, consumption is $7 trillion, taxes net of transfers are $3 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving?.
Answer:
i don't know
Explanation:
ask you teacher
Which source of credit is most likely to result in the greatest loss if you
default on payments?
A. Title lender
B. Payday lender
C. Bank or credit union
D. Credit card company
The defaulting on a payday loan is the source of credit that is most likely to result in the greatest loss if one defaults on payments.
What is payday loan?A payday loan refers to a short-term borrowing whereby a lender will extend high-interest credit based on your income.
The reason that payday loan is most likely to result in the greatest loss is because of the option of extending the high-interest credit.
Therefore, the Option B is correct.
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Answer:
The correct answer is A. Title Lender
inappropriate parenting styles
Answer:
im sorry im confused i cant help until you tell me what your trying to ask
Explanation:
“Wealth Management Crisis aat UBS” (see file attached)
Questions:
1.In your opinion, to what extent did the government and national culture play in the scandal? And to what extent did corporate culture contribute to the scandal?
2.Without the Global Financial Crisis, do you think the scandal would have been reasonably uncovered, or would they have lingered? If yes/no, please explain.
3.Does it matter who or what entities could have been impacted by the scandal? What if net/net there were no losses incurred?
4.In your opinion, is the next scandal already underway, and are we just waiting for the next recession to find out what is currently going on? Please explain.
1. Based on the “Wealth Management Crisis at UBS,” my opinion is that the government and national culture of Switzerland, the U.S. Treasury, and some corrupt governments around the world, played a major role in aiding the tax fraud scandal committed by more than 52,000 U.S. residents.
The extent to which the corporate culture of UBS also contributed to the scandal is that the bank continued to help these U.S. residents to hide billions of dollars in untaxed assets. Why should the bank deliberately hide accounts for U.S. residents?
2. The global financial crisis between 2007 and 2009 helped in uncovering the secret accounts and tax fraud scandal because its challenges encouraged the U.S. Department of Justice (DOJ) decided to investigate the tax frauds committed by foreign account holders.
The implication is that without the global financial crisis, the investigations that uncovered the tax fraud would not have been initiated by the U.S. Department of Justice (DOJ) soon.
3. It matters to the entities that could have been impacted by the scandal. For instance, the U.S. Treasury was being deprived of hundreds of millions of dollars in taxes, according to the report.
Without the bailment from the Swiss government, UBS would have collapsed. Many account holders would have lost their savings in the process.
There is no way no losses would not have been incurred if the scandal continued.
4. Importantly, we are not supposed to wait for the next global recession to uncover similar financial scandals and tax frauds around the world.
Thus, tax havens, like the UBS, must come under rigorous investigations from time to time. Such regular investigations would deter would-be tax fraudsters and assets looters from committing to hiding their accounts.
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1. Consider the following information for a project to add a drive-thru window at Crestview
Bank.
Activity Activity Time (weeks) Immediate Predecessor(s)
A 5 -
B 2 -
C 6 -
D 2 A, B
E 7 B
F 3 D, C
G 9 E, C
H 11 F, G
a. Draw the network diagram for this project.
b. Specify the critical path.
c. Calculate the slack for activities A and D.
Based on the activity times, and the order of activities, the critical path is B ⇒ E ⇒ G ⇒ H.
The slack for Activity A is 8 weeks and the slack for Activity D is 8 weeks as well.
What is the critical path?First find all the possible paths:
A ⇒ D ⇒ F ⇒ H - 21 weeksB ⇒ D ⇒ F ⇒ H: 18 weeksB ⇒ E ⇒ G ⇒ H: 29 weeksC ⇒ G ⇒ H: 26 weeksC ⇒ F ⇒ H: 20 weeksThe critical path takes the longest time so will be B ⇒ E ⇒ G ⇒ H: 29 weeks.
What is the slack for Activity A?This can be found as:
= Latest finish for A - Earliest finish for A
Looking at the network, the earliest finish for A is 5 and the latest finish is 13.
Slack is:
= 13 - 5
= 8 weeks.
What is the slack for activity D?Earliest finish for D is 7 and lastest finish is 15.
Slack is:
= 15 - 7
= 8 weeks.
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!!50 Points answer quickly!!
Answer:
i think it's
jesse
jesse
jesse
Explanation:
Blossom Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,470 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.50 per haircut.
Other costs are as follows.
Advertising $310 per month
Rent $930 per month
Barber supplies $0.30 per haircut
Utilities $175 per month plus $0.20 per haircut
Magazines $20 per month
Blossom currently charges $11.00 per haircut.
(a)
Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.)
Total variable cost per haircut
$enter the Total variable cost per haircut in dollars rounded to 2 decimal places
6
Total fixed $enter the total fixed costs in dollars rounded to 2 decimal places
12255
(b)
Compute the break-even point in units and dollars.
Break-even point
enter the break-even point in units 2,451 haircuts
Break even sales $enter the break-even point in dollars
26,961
(d)
Determine net income, assuming 2,880 haircuts are given in a month.
Net income / (Loss)
$enter net income in dollars
a) The determination of the variable costs per haircut and the total monthly fixed costs for Fredonia Barber Shop are as follows:
1) Variable Costs per haircut:Commission per barber per haircut = $5.50
Barber supplies per haircut = $0.30
Utilities per haircut = $0.20
Total variable costs per haircut = $6.00
2) Fixed costs per month:Salaryiesof barbers (6 x $1,470) = $8,820
Supervisor's salary = $2,000
Advertising per month = $310
Rent per month = $930
Utilities per month = $175
Magazines per month = $20
Total fixed costs per month = $12,255
b) The computation of the break-even point in units and dollars for Fredonia Barber Shop is as follows:
1) Break-even point in units is 2,451 units ($12,255/$5)
= Fixed costs/Contribution margin per unit
Contribution margin per unit = $5 ($11 - $6)
2) Break-even point in dollars is $26,964 ($12,255/45.45%)
= Fixed costs/Contribution margin ratio
Contribution margin ratiio = 45.45% ($5/$11 x 100)
c) The net income when 2,880 haircuts are given in a month is $2,145.
Fredonia Barber Shop
Income StatementFor the month
Sales Revenue (2,880 x $11) $31,680
Variable costs (2,880 x $6) 17,280
Contribution margin = $14,400
Fixed costs 12,255
Net income = $2,145
Data and Calculations:Number of barbers employed = 7
Base rate per barber per month = $1,470
Mnager's salary per month = $2,000 ($1,470 + $530)
Commission per barber per haircut = $5.50
Other costs:
Advertising per month = $310
Rent per month = $930
Barber supplies per haircut = $0.30
Utilities per month = $175 plus $0.20 per haircut
Magazines per month = $20
Price charged per haircut = $11.00
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A manufacturing company has budgeted direct labor hours of 600 at a variable overhead rate per direct labor hour of $20. The budgeted fixed cost is $500 per month. The total budgeted overhead cost will be $: ____________
Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.
What is the budgeted overhead cost?This can be found as:
= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost
Solving gives:
= (20 x 600) + 500
= 12,000 + 500
= $12,500
In conclusion, the total overhead cost that would be budgeted is $12,500.
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In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal several different future scenarios, a different __________ plan is attached to each scenario.
In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal several future scenarios, a different contingency plan is attached to each scenario. Thus, option (c) is correct.
A contingency plan might concentrate on a single aspect of a company's operations. All general support systems must have a contingency plan that includes an emergency response strategy, a backup operations plan, and a post-disaster recovery plan.
The many future scenarios employed in contextual recovery are just alternative strategies. This identifies the sort of plan that is concerned with business strategies and has an impact on the company's objectives.
As a result, the significance of the planning as the alternative generation, evaluation, and selection steps are the aforementioned. Therefore, option (c) is correct.
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#SPJ12
Your question is incomplete, but most probably the full question was.
In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal many future scenarios, a different __________ plan is attached to each scenario.
EvaluationAlternativeContingencySelectionDecisionWhat is meant by accounting
Answer:
accounting is a process of analysis and summarising business and financial transactions and verifying the reporting the results...
follow me
Why is it important for a company to pay attention to its
supply chain when practicing CSR?
O A. The company needs to ask its suppliers to help
advertise for the company.
O B. The company needs to request the EPA's approval
for all of its suppliers.
O C. The company needs to make sure its suppliers are
providing products at the lowest cost.
O D. The company needs to make sure its suppliers are
treating the planet with respect.
The company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.
What is CSR?Corporate social responsibility CSR is a concept where a business engages in activities that makes it accountable to a wide range of stakeholders.
Corporate social responsibly make businesses corporate citizens. A business shares some of its profits with society by funding projects and programs that benefit the community.
Hence, the company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.
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QUESTION 2
The communication process is very important for achieving effective business communication.
State and elaborate the TWO (2) components of non-verbal communication and discuss THREE
(3) elements in the communication process from the sender's perspective with relevant examples.
Answer:
lagay mo QUESTION 4 po yan
The interest rate that lenders publish or advertise is usually:
A. the nominal interest rate.
B. the compound interest rate.
C. the simple interest rate.
ОО
D. the lowest interest rate.
Help me
Answer:
It’s A the nominal interest rate
Explanation:
Answer:
the nominal interest rate
Explanation:
In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married filing jointly). Carson's parents provided most of his support. What is Carson's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. b. Carson is 23 years old at year-end. He is a full-time student and earned $14,000 from his summer internship and part-time job. He also received $5,000 of qualified dividend income.
Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.
What is tax liability?Tax liability refers to the amount that a taxpayer is obliged to pay.
The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.
In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.
Data and Calculations:Earned income = $14,000
Qualified Dividend income = $5,000
Adjusted taxable income = $6,450 ($19,000 - $12,550)
Tax liability = $645 ($6,450 x 10%)
Thus, Carson's tax liability for 2021 is $645.
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Which of the following economic systems best describes the economy of the United States?
O Marxism
O command
o socialism
O free-market capitalism
closed
Answer:
Free-market Capitalism
The BEST description of the economic system of the United States is D. free-market capitalism.
What is free-market capitalism?Free-market capitalism is known for the following features:
Private individuals control the factors of production.It is a purely capitalist economic system.The laws of supply and demand regulate production, labor, and the marketplace.An unregulated system of economic exchange reigns.Non-existence of or minimal presence of centralized economic interventions.The best description of the economy of the United States is not:
MarxismCommandSocialismClosed economic system.But the BEST description of the economic system of the United States is D. free-market capitalism.
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True or False: Cutting advertising expenses often causes an erosion of profit
Answer:
So True
Explanation:
Below is annual stock return data on Hollenbeck Corp and Luzzi Edit, Inc.
Year
Hollenbeck
Luzzi Edit
1
7%
-3%
N
20%
0%
2 3
-7%
20%
4
5%
7%
(a)
What is the average return and standard deviation for each stock? (Round answers to 2 decimal places, eg. 52.75.)
The average return of the Hollenbeck stock is 4%.
The average return of the Luzzi Edit stock is 6%
The standard deviation of the Hollenbeck stock is 19.67%.
The standard deviation of the Luzzi Edit stock is 17.72%.
What is the average return of the stocks?The average return can be determined by adding the returns together and dividing it by the number of years.
The average return of the Hollenbeck stock = (7 + 20 - 7 + 5) / 4 = 4%
The average return of the Luzzi stock = (-3 + 20 + 7) = 6%
What is the standard deviation of the stocks?Standard deviation is used to determine how the values in a group differs from the mean of the values in the group. It is a measure of variation.
The standard deviation of the Hollenbeck stock = √(4 - 7)² + (20 - 4)² + (-7 -4)² + (5 - 4)² = 19.67%
The standard deviation of the Luzzi Edit stock = √(-3 -6)² + (20 - 6)² + (7 - 6)² + (0 - 6)² = 17.72%
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Ely Roofing Contractors enters into a lease for the use of new equipment. The term of the lease is three years. The annual lease amount is $6,000. The present value of the lease payments is $50,000. Ely Roofing estimates the economic life of the equipment to be five years. The lease is considered a finance lease. The journal entry to record the initial transaction will include a
The journal entry to record the initial transaction (Right of Use Asset and Lease Liability of $50,000) for Ely Roofing Contractors, who enters into a lease for the use of new equipment for 3 years at an annual lease payment of $6,000 is as follows:
Journal Entry:Debit Right of Use Asset $50,000
Credit Lease Liability $50,000
To record the initial transaction of the Lease Liability and the Right of Use Asset.How to record the initial lease transactions?The present value of annual lease payments is first computed.
With this figure, the recording of the asset and liability is completed by debiting the Right of Use Asset and crediting the Lease Liability account.
Data and Calculations:Annual lease payment = $6,000
Present value of lease payments = $50,000
Economic life of the equipment = 5 years
Lease term = 3 years
Nature of lease = finance lease
Initial Transaction Analysis:Right of Use Asset $50,000 Lease Liability $50,000
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What change will cause a movement along the supply curve?
[tex]\huge\sf\green{Answer \red{✓}}[/tex]
Movement along the supply curve will occur when the price of the good changes and the quantity supplied changes by the original supply relationship.
______________Answer:
When the price of the good changes and the amount supplied varies as a result of the original supply relationship, a movement along the supply curve occurs. To put it another way, a movement happens when a change in quantity supplied is solely due to a price change, and vice versa.
NEED HELP PLEASE
1. Explain why celebrity endorsements are risky agreements for companies.
2. Why do you think the FTC creates laws governing celebrity endorsements? To whom do these laws benefit?
Answer:
The FTC created laws governing celebrity endorsements to protect all parties involved in the endorsement because without them, celebrities could lie about their contracts
Explanation:
"Davcher, Inc. is considering a project for next year, which will cost $5 million. Davcher plans to use the following combination of debt and equity to finance the investment. Issue $1.5 million of 10-year bonds at a price of 101, with a coupon/contract rate of 4%, and flotation costs of 2% of par. Use $3.5 million of funds generated from retained earnings. The equity market is expected to earn 8%. U.S. Treasury bonds are currently yielding 3%. The beta coefficient for Davcher, Inc. is estimated to be .70. Davcher is subject to an effective corporate income tax rate of 30 percent. (8 points) " Compute Davcher's expected rate of return using the Capital Asset Pricing Model (CAPM).
Based on the U.S. Treasury bond rate, the market return and the beta, Davcher's expected rate of return would be 6.5%.
What is the expected rate of return?Using the Capital Asset Pricing Model (CAPM), the expected rate of return would be:
= Risk free rate + Beta x Market premium
Market premium:
= Market return - risk free rate
= 8% - 3% rate of treasury bonds
= 5%
Expected rate of return is:
= 3% + 0.70 x 5%
= 6.5%
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Employers pay ___ ___ ___ ___ (__) to the unemployment insurance system
Answer: employers: The UI program is financed by employers who pay unemployment taxes on up to $7,000 in wages paid to each worker. The actual tax rate varies for each employer, depending in part on the amount of UI benefits paid to former employees. Thus, the UI tax works much like any other insurance premium.
Explanation:
hope this helped ya :)
An Indirect Air Carrier may offer cargo to an Airline if:
Answer:
the IAC carries out an approved TSA security program.
Explanation:
IAC needs an approved TSA security program to be able to offer cargo to an airline because, without TSA, terrorists could use cargo from indirect air carriers to smuggle their weapons.