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3 years ago

The major consideration when considering lettering on a presentation aid should be how fancy and expensive it looks.

1 answer:

3 0

<span>This depends on the audience as well as the presenter and if it is a formal or informal presentation. The age of the audience would play a role in the visual art of the presentation. There are many stipulations that would play a role in this.</span>

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Journalize the following transactions for Powell Company using the gross method of accounting for sales discounts. Assume a perp

Marianna [84]

Answer:

Jan 7

Dr Cost of Good Sold 7,860

Cr Inventory 7,860

(to record the cost of good sold)

Dr Account Receivable 13,100

Cr Revenue 13,100

( to record revenue and receivable owed from Stewart)

Jan 13

Dr Sales Returns 2,620

Cr Account Receivable 2,620

(to record sales return from Stewart)

Dr Inventory 2,620

Cr Cost of good sold 2,620

(to record inventory returns and decrease in cost of good sold due to sales return from Stewart)

Jan 18

Dr Cash 10,480

Cr Account Receivable 10,480

( to record full collection from Stewart after 11 days)

* further working note on Jan 18 transaction: As Stewart had return $2,620 sales; the Receivable from Stewart is just $10,480 ( 13,100 - 2,620). Also, the term of receivable is 5/10, n/30; the repayment after 10 days received from Steward is not eligible for discount.

Explanation:

3 0

3 years ago

The following are selected 2015 transactions of Pedigo Corporation.

emmainna [20.7K]

Answer:

Explanation:

The necessary adjusting entries at December 31 to record amortization required by the events above has been prepared.

It should also be noted that due to the goodwill having an indefinite life, no entry was made to amortize the goodwill.

It should be noted that the amortization expense was gotten as:

Annual amortization = $75,000/5

= $15,000

2015 amortization= $15,000 × 8/12months

= $15,000 × 2/3

= $30,000/3

= $10,000

Kindly check the attached file forthe adjusting entries

5 0

3 years ago

Can you describe cody's current financial position as good average or poor

Slav-nsk [51]

The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                          Liabilities
TV-                    250                         student loan      2600
Mp3 Player       200                         credit card 1          850    Laptop    750 credit card 2           1200    Game system   250           loan from parents 200 watch      200 truck 3200 Checking Account       560    Savings Account 1      945                                                                          Savings Account 2 3400                                                 TOTAL                 $ 6555           TOTAL            $8050                LOSS $-1495

8 0

3 years ago

Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco

inna [77]

Answer:

1. Aggregate output demanded is $500 billion. True.

Aggregate Demand (Y) = C + G + I

Y = 40+0.9∗DI + 80 + 20

Y = 40 + 0.9 ∗ (Y−100) + 80 + 20

Y = 50 + 0.9Y

0.1Y = 50

Y = $500 billion

2. Suppose the government decides to increase spending by $10 billion without raising taxes. Because the expenditure multiplier is 10. True.

Expenditure Multiplier = 1 / ( 1 - Marginal Propensity to Consume)

Marginal Propensity to Consume = 0.9 as per the Consumption function.

= 1/ ( 1 - 0.9)

= 10

2. b. this will increase the economy's aggregate output demanded by $100 billion. True.

Change in Aggregate output = Increase in government expenditure * expenditure multiplier

= 10 billion * 10

= $100 billion

3. ... In this case, the economy's aggregate output demanded is $500 billion . True.

Aggregate Demand (Y) = C + G + I

Y = 40+0.9∗DI + 80 + 20

Y = 40 + 0.9 ∗ (0.80∗Y) + 80 + 20

Y = 140 + 0.72Y

0.28Y = 140

Y = $500 billion

4. Given an income tax of 20%, the expenditure multiplier is approximately 3.6. True.

As a result of the new tax, the MPC will become;

= 0.9 * ( 0.80 * Y)

= 0.72Y.

Expenditure Multiplier = 1 / ( 1 - Marginal Propensity to Consume)

= 1/ ( 1 - 0.72)

= 3.57

= 3.6

4. b. Therefore, if the government decides to increase spending by $10 billion without raising tax rates, this would increase the economy's aggregate output demanded by approximately $36 billion. True.

Change in Aggregate output = Increase in government expenditure * expenditure multiplier

= 10 billion * 3.6

= $36 billion

5. A $10 billion increase in government purchases will have a larger effect on output under a fixed tax of $100 billion. True.

When the tax was fixed, an increase in Government purchases of $10 billion resulted in an increase in Aggregate output of $100 billion. When the Government switched to income taxes however, a $10 billion increase in Government spending led to a significantly lesser increase in Aggregate output of $36 billion.

4 0

3 years ago

National Advertising just paid a dividend of D 0 = $0.75 per share, and that dividend is expected to grow at a constant rate of

DerKrebs [107]

Answer:

$14.52

Explanation:

The calculations proceed as follows:

Step 1: Calculation of expected return

This is done by using the Capital Asset Pricing Model (CAPM) formula as follows:

ERi = Rf + βi(ERm - Rf) ........................................... (1)

Where:

ERi = expected return of investment = ?

Rf = risk-free rate = 4.50% = 0.0450

ERm = market rate = 10.50% = 0.1050

βi = beta of the investment = 1.25

(ERm - Rf) = market risk premium = 0.1050 - 0.0450 = 0.060

Substituting the values into equation (1), we have:

ERi = 0.0450 + 1.25(0.060) = 0.120 = 12%

Step 2: Calculation of current year dividend

D1 = Do × (1 + g) ........................................ (2)

Where;

D1 = current year dividend = ?

Do = last year dividend = $0.75

g = growth rate = 6.50% = 0.065

Substituting the values into equation (2), we have:

D1 = 0.75 × (1 + 0.065) = $0.79875

Step 3: Calculation of current stock price

The dividend growth model formula for calculating stock price is used as follows:

Stock price = D1 ÷ (ERi - g)

= $0.79875 ÷ (0.120 - 0.065)

= 14.5227272727273

Stock price = $14.52.

Therefore, the company's current stock price is $14.52.

5 0

3 years ago