The expected value of an asset at the end of its useful life is known as _______

James wants to know what academic path he should follow to get into the fastest growing job market, and the highest paying. you

Mekhanik [1.2K]

Should get a college degree

4 0

3 years ago

Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires

Nitella [24]

Answer and Explanation:

The journal entries are shown below:

1. On Sep 30

Cash $15750

To Sales $15,000

To Sales taxes payable ($15000 ×5%) $750

(Being the cash receipts is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities

2 On Sep 30

Cost of goods sold $12,000

To Merchandise inventory $12,000

(Being the cost of goods sold is recorded)

For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets

3 On Oct 15

Sales taxes payable $750

To Cash $750

(Being cash paid is recorded)

For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets

5 0

3 years ago

If the japanese yen appreciates against the u.s. dollar,

Burka [1]

Answer:

If the Japanese yen appreciates against the U.S. dollar,

a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.

b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.

c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.

d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.

8 0

2 years ago

A portfolio with a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%. This portfolio had

jarptica [38.1K]

Answer: 0.3

Explanation:

The Sharpe ratio is simply used by organizations and investors in order to compare the return on an investment to its risk.

From the question, we are informed that a portfolio has a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%.

The Sharpe ratio will be:

= (15% - 6.0%)/30%

= 9%/30%

= 0.09/0.3

= 0.3

4 0

4 years ago

lue Inc. has decided to raise additional capital by issuing $171,000 face value of bonds with a coupon rate of 11%. In discussio

Dafna1 [17]

Answer:

Explanation:

Value assigned to bonds =

Value of bonds without warrants/(value of bonds without warrants+value of warrants)*Issue price

Value assigned to warrants =

Value of warrants/(value of bonds without warrants+Value of warrants)

Value assigned to bonds = 115,200/(115,200+28,800) * 140,000 = 0.8*140,000 = 112,000

Value assigned to warrants = 28,800/144,000 * 140,000 = 28,000

Journal entries:

Dr Cash 140,000

Dr Discount on bonds payable (171,000-112,000) 59,000

Cr Bonds payable 171,000

Cr Paid in capital-Stock warrants 28,000

5 0

3 years ago

The expected value of an asset at the end of its useful life is known as​ ________.residual

The expected value of an asset at the end of its useful life is known as ________.residual