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2 years ago

January 12, purchased supplies for cash, to be used all year, $3,850; December 31, physical count of remaining supplies, $850

1 answer:

6 0

At some stage in the period, the corporation purchases an additional $three,700 of workplace components for coins. by the give-up of the duration, only $850 of workplace elements remains.

Whilst you buy workplace materials for your company, the purchase impacts the components price account (fairness subaccount) and the coins account (asset). document the purchase through growing the substances price account with a debit and decreasing the coins account with a credit.

Purchase of materials for coins is recorded inside the coins and substances bills. if you buy your supplies on credit score, and it's far a huge sufficient amount that you are in all likelihood to use it over more than one accounting duration, then your liabilities, in terms of money owed payable, boom, and your modern-day belongings growth as well.

Supplies bought from a supplier the usage of credit: The resources cost account is debited and the accounts payable account is credited. inventory purchased from a provider they use of coins: The stock account is debited and the coins account is credited.

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_____ involves marketing philosophies, policies, procedures, and actions whose primary objective is the enhancement of society.

Leto [7]

Social responsibility in marketing refers to marketing philosophies, strategies, practices, and actions whose main goal is to improve society and safeguard the environment by using environmentally friendly goods and methods.

SOCIAL RESPONSIBILITY: WHAT IS IT?

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4 0

1 year ago

What is the failure rate for a franchise?

monitta

Approximately 5% of franchises fail because survey's show about 95% success rate still in business.

6 0

3 years ago

Emerald Jewelery Store had a credit balance in interest payable of $200 at the beginning of the period, and a credit balance of

Evgesh-ka [11]

Answer:

Net income will be decreased by $150.

Explanation:

Given:

The credit balance of interest payable (Opening) = $200

Credit balance of interest payable (Closing) = $50

Net income will be decreased by $150.

Decreased net income = credit balance of payable (Opening) - credit balance (Closing)

Decreased net income = $200 - $50

Decreased net income = $150

The interest of $150 was paid which would reduce the net profit.

7 0

3 years ago

You are considering investing $65,000 in new equipment. You estimate that the net cash flows will be $18,000 the first year, but

Alina [70]

Answer:

a. The annual capital cost is $9,798

b. The equivalent annual savings is $27,495

c. The decision is wise

Explanation:

a. In order to calculate the annual capital cost (ownership cost) for the equipment we would have to calculate the following formula:

annual capital cost=P(A/P,i,n)-F(A/F,i,n).........

annual capital cost=$65,000(A/P,9%,10)-$5,000(A/F,9%,10)

=$65,000(0.1558)-$5,000(0.0658)

=$10,127-$329

=$9,798

b. In order to calculate the equivalent annual savings (revenues) we would have to calculate the following formula:

equivalent annual savings=A+G(A/G,i,n).........

equivalent annual savings=$18,000+$2,500(A/G,9%,10)

=$18,000+$2,500(3.798)

=$18,000+$9,495

=$27,495

c. The decision is wise becauste the equivalent annual savings are greater than the annual costs of the equipment.

6 0

3 years ago

Lawrence Industries' most recent annual dividend was $1.80 per share (D0equals$ 1.80), and the firm's required return is 11

Dima020 [189]

Answer:

The price of the stock today is $34.13

Explanation:

The price of the stock that grows at two different growth rates can be calculated using the two stage growth model of DDM. The DDM requires to discount back the dividends to calculate the price of the share today.

The price of the stock today is,

P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [(Dn * (1+g) / (r - g)) / (1+r)^n]

P0 = 1.8 * (1+0.08) / (1+0.11) + 1.8 * (1+0.08)^2 / (1+0.11)^2 +

1.8 * (1+0.08)^3 / (1+0.11)^3 + [ (1.8 * (1+0.08)^3 *(1+0.05) / (0.11-0.05)) / (1+0.11)^3]

P0 = $34.127 rounded off to $34.13

8 0

4 years ago