Which phrase best completes the diagram? Macroeconomic Goals for a Society ? Stable prices Economic growth

Gummy Co. purchased merchandise on June 10 at a $9,000 invoice price with terms of 2/10,n/30 and paid for the merchandise on Jun

Olenka [21]

Answer:

June 10

Debit Purchases for $9,000: Gross method

June 30

Debit Discounts lost for $180: Net method

June 30

Credit Cash for $9,000 : Both methods

Explanation:

To Illustrate the required journal entries to record and pay for this purchase under the GROSS METHOD and NET METHODS by matching the action on the left with the method on the right using a PERIODIC INVENTORY SYSTEM.

June 10

Debit Purchases for $9,000: Gross method

June 30

Debit Discounts lost for $180: Net method

(2%*$9,000)

June 30

Credit Cash for $9,000 : Both methods

6 0

3 years ago

Crystal Industries is considering an expansion project with cash flows of -$287,500, $107,500, $196,100, $104,500, and-$92,700 f

GaryK [48]

Answer:

E. Yes: The MIRR is 9.13 percent.

Explanation:

The First Step is to Calculate the Terminal Value at end of year 4.

Terminal Value (FV) = Sum of (PV x (1 + r) ^ 5 - n)

= $107,500 x (1.134) ^ 3 + $196,100 x (1.134) ^ 2 + $104,500 x (1.134) ^ 1 + -$92,700 x (1.134) ^ 0

= $156,764.47 + $252,175,97 + $118,503 - $92,700

= $434,743.44

The Next Step is to Calculate the MIRR using a Financial Calculator :

- $287,500 CFj

0 CFj

$434,743.44 CFj

Shift IRR/Yr 9.13%

Therefore, the MIRR is 9.13% .

4 0

3 years ago

Cheyenne Corp. had the following transactions that took place during the year:I.Recorded credit sales of $2250II.Collected $1350

Degger [83]

Answer:

The correct option is d) Decrease.

Explanation:

Free cash flow (FCF) can be described as the cash that is generated by a company after cash outflows required to support operations and maintain the capital assets of the company have been accounted for.

Therefore, FCF can be calculated by adjusting for non-cash expenses, changes in working capital, and capital expenditures to reconcile net income.

The total effect of these transactions on free cash flow can be determined by first calculating the account receivable for the year as follows:

Calculation of account receivable for the year:

Particular Amount ($)

Credit sales 2,250

Cash collected from the customer (1,350)

Sales returns (450)

Account receivable  450 

A partial free cash flow statement can therefore be prepared as follows:

Cheyenne Corp.

Free cash flow statement (Partial)

Particular Amount ($)

Net income xx

(Increase) decrease in non-cash current assets:

Increase in account receivable (450)

Free cash flow  (450) 

Since the free cash flow is negative or minus $450, it therefore implies that the total effect of these transactions on free cash flow is a decrease.

Therefore, the correct option is d) Decrease.

7 0

3 years ago

How have ATMs evolved since then? Have you used one? Explain.

olga2289 [7]

<h2>The following points describe how have ATMs evolved since their first setup: </h2>

The very first ATM that came out in 1967 functioned with paper printed on with radioactive ink that the machine could read to process the information.
The more popular type of ATMs came out two years later in 1969 and were disseminated throughout the United States over the next decade.
The new ATMs used plastic cards similar to the cards that we use today.
Both the types of cards and the interface of the ATMs changed with time.

8 0

3 years ago

Read 2 more answers

Susie has lost her job in a Vermont textile plant because of import competition. She intends to take a short course in electroni

pentagon [3]

Answer:

Seasonal Unemployment

Explanation:

Susie is going through an unwanted unemployment that is caused by the economic changes. This kind of unemployment is called seasonal unemployment. It is caused by the changes that are occurring in the economy due to which certain skills or tasks are being replaced or not required anymore.

Susie is going to change her economic surrounding to fit in better now with the kind of skill set she plans on developing.

4 0

3 years ago