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2 years ago

One thing to consider when you’re setting your goals is to focus on your _____________, not on the outcome.

Business

1 answer:

mr Goodwill [35]2 years ago

8 0

<h2>Answer:</h2>

performance.

<h3>Explanation:</h3>

It is favorable to learn how well you can and are doing before planning ahead and concentrating on the outcome.

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g Twins Jane and Hal each inherited $150,000 exactly ten years ago. Jane invested the entire amount in a brokerage account to fu

zepelin [54]

Answer:

a) Jane currently has $150,000 x (1 + 8%)¹⁰ = $323,838.75 in her account

in 20 years, she will have $323,838.75 x (1 + 5%)²⁰ = $859,240.61

b) we can use the future value of an annuity formula to calculate Hal's annual contribution.

future value = annual contribution x annuity factor

annual contribution = future value / annuity factor

future value = $959,240.61
FV annuity factor, 5%, 20 periods = 33.066

annual contribution = $959,240.61 / 33.066 = $29,009.88

6 0

3 years ago

On January 22, Zentric Corporation issued for cash 342,000 shares of no-par common stock at $20. On February 14, Zentric issued

Iteru [2.4K]

Answer:

Journal Entries

January 22

Dr. Cash $6,840,000

Cr. Common stock $6,840,000

February 14

Dr. Cash $720,000

Cr. Preferred stock $720,000

August 30

Dr. Cash $2,635,000

Cr. Preferred stock $2,480,000

Cr. Paid in capital excess of par-Preferred stock $155,000

Explanation:

January 22

Common Stock = Numbers of shares issued x Issue price per share

Common Stock = 342,000 shares x $20

Common Stock = $6,840,000

February 14

Preferred stock = Numbers of preferred shares x Price per preferred share

Preferred stock = 9,000 shares x $80 per share

Preferred stock = $720,000

August 30

Cash Received = Numbers of shares x issuance price = 31,000 x $85 = $2,635,000

Cash Received = Numbers of shares x par value = 31,000 x $80 = $2,480,000

Paid in capital excess of par = $2,635,000 - $2,480,000 = $155,000

7 0

3 years ago

Bill is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenan

Mnenie [13.5K]

Answer:

B. $2,600

Explanation:

The computation of the net rental income is shown below:

= Monthly rental payments × total number of months in a year - (utilities + maintenance & repairs + insurance) × percentage - depreciation expense

= $550 × 12 months - ($3,600 + $900 + $500) × 50% - $1,500

= $6,600 - $2,500 - $1,500

= $2,600

Since only one apartment is on rent so we considered the expenses of the building at 50% not full value and the same is applied above

5 0

3 years ago

For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $360,000 of factory labor cos

bezimeni [28]

Answer:

The amount of overhead debited to Work in Process Inventory should be: a. $182,00

Explanation:

The Overheads are Applied in the Manufacturing Costs as:

Budgeted Rate × Actual Activity for the Month

At the End of the Period we would need to determined whether this amount of overhead is Over or Under Applied by comparing it to the actual overheads incurred of $180,000 (given)

In our Case, the predetermined overhead rate is 70% of direct labor cost

<em>Thus we need to find the Direct Labor Cost first</em>:

Total Labor Costs $360,000

<em>Less </em>Indirect Labor Costs<em> </em>$100,000

Direct Labor Cost $260,000

<em>Therefore Overheads applied would be determined as:</em>

= $260,000 × 70%

= $182,000

6 0

4 years ago

Read 2 more answers

If the interest rate on a savings account is 0.01%, approximately how much money do you need to keep in this account for 1 year

konstantin123 [22]

If the interest rate on a savings account is 0.01 % , the amount of money that you need to keep in 1 year to cover a single $ 9.99 below minimum balance fee is : $ 100,000

0.01 % x $ 100,000 = $ 10

hope this helps

5 0

3 years ago