Answer:
$1,114.86
Explanation:
$1,000 in a 3 year CD
total amount received if CD cashed on maturity = $1,000 x (1 + 4%)³ = $1,124.86
total interest = $1,124.86 - $1,000 = $124.86
penalty = interest for 3 months = 4% x 3/12 = 1% ⇒ $1,000 x 1% = $10
total money received = principal + earned interest - penalty = $1,000 + $124.86 - $10 = $1,114.86
the action of sharing something out among a number of recipients.
<u>Answer:</u>
<em>a. San Francisco–based Airbnb used #OneLessStranger to spark an international social media campaign in which it asked its community of customers to perform random acts of hospitality for strangers, then share a video or photo of themselves with the person they helped.
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<em>b. Dunkin' Donuts serves dry pork and Seaweed donuts in China and grapefruit donuts in Korea.
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<em>d. Austria’s Red Bull sponsors extreme sports events across Europe, North and South America, and Asia, making its drinks feel like a local presence while the company maintains a European look to its packaging.
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<em></em>
<u>Explanation:</u>
Globalization is the adjustments on the planet where we are moving endlessly from independent nations and toward an increasingly incorporated world. Globalization of business is the adjustment in the industry from an organization related to a solitary country to one that works in numerous nations. Globalization is a mechanism by which businesses and societies are becoming more tightly bound and linked through global networks. During 19th century, when the power of steam cut the cost of moving goods abroad, globalization moved ahead.
Answer:
Gain on Disposal 25,100
Explanation:
book value
cost- accumulated depreciation
387,400 - 312,900 = 74,500
trade-in:
equipment 160,000
cash <u> 40,000 </u>
total 200,000
gain 200,000 - 74,500 = 125,500
As it lack commercial substance we recognize gain for the portion of cash received doing cross multiplication
200,00 --> generates 125,500 gain
40,000 --> generates X gain
40,000/200,000 x 125,500 = <em>25,100</em>
Answer:
Debit Allowance for Doubtful Accounts for $8,500;
Credit Accounts Receivable for $8,500.
Explanation:
The journal entry to record the write-off for Mckinney will look as follows:
McKinney & Co.
Journal Entry
<u>Account title and explanation Dr ($) Cr ($) </u>
Allowance for Doubtful Accounts 8,500
Accounts Receivable 8,500
<u><em>(To record uncollectable amount due from Mangold Corporation.) </em></u>
Note that since the management of McKinney decided that $8,500 due from Mangold Corporation will not be collectible, this implies that the Accounts Receivable will reduce by that amount. Therefore, the entries to make to show the reduction in the amount of account receivale by $8,500 is to Debit Allowance for Doubtful Accounts for $8,500 and Credit Accounts Receivable for $8,500.