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Kryger [21]
2 years ago
6

Thomas co. sold $1,000 worth of merchandise on a bank credit card less a 3ee. the entry to record the sales transaction would in

clude a debit to cash in the amount of?
Business
1 answer:
DedPeter [7]2 years ago
4 0

The amount of the sales transaction would include a debit to cash is $970.

<h3>How is the percentage determined?</h3>
  • The percentage is a value that has been multiplied by 100. In this manner, expressing 25% of a value is equivalent to expressing 25% out of 100, or 25% divided by 100.
  • Simply multiply the total by the percentage to determine the precise number of absentees from the event.

So: 160 x 25% = 160 (25/100) = 160 x 0.25 = 40

This is so that the cash sum received will be equal to the sales values multiplied by one less the credit card fee.

1000 x (1-0,03)

1000 x 0,97 = 970$

So, the amount of debt to cash that would entry to the record sales would be 970$.

To learn more about Finance sum, refer

to brainly.com/question/26106218

#SPJ4

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Kline Construction is an all-equity firm that has projected perpetual EBIT of $360,000. The current cost of equity is 13.3 perce
Aleksandr [31]

Answer:

Value of Levered Firm is 1,728,095

Explanation:

As company has total equity based, So, the cost of equity will be the discount rate to calculate the value of equity.

Value of Equity = $360,000 ( 1 - 0.4 ) / 13.3% = $1,624,060

Value of Debt = $976,000

Total value = $1,624,060 + $976,000 = $2,600,060

Now calculate the WACC

WACC = (13.3% x $1,624,060/$2,600,060) + (5.9% x $976,000/$2,600,060)

WACC = 8.3% + 2.2%

WACC = 10.5%

Now Assuming the EBIT remains the same.

Value of the firm = [ ( $360,000- (976,000 x 5.9%) ) x ( 1 - 0.4 ) ] / 10.5%

Value of the firm = $181,450 / 0.105 = 1,728,095

8 0
2 years ago
Sheridan Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were
kvasek [131]

Answer:

$1,511,642.50

Explanation:

Kindly check attached picture for detailed explanation

6 0
3 years ago
Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus
LiRa [457]

Answer:

Explanation:

How to add a great answer

Add your answer

Question

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $325,000; Cash paid for rent, $37,000; Cash paid to employees for services rendered during the year, $117,000; Cash paid for utilities, $47,000. In addition, you determine that customers owed the company $57,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.

4 0
2 years ago
If Julie has an employee stock option that allows her to purchase 1,000 shares of stock at a strike price of $10.00 and she is c
loris [4]

The amount would she have to pay to exercise the option contract today is: $50,000.

<h3>Exercise option</h3>

Using this formula

Exercise option=(Stock per shares×Strike price)×Percentage vested in stock option

Let plug in the formula

Exercise option=(1,000 shares×$10)×50%

Exercise option=$100,000×50%

Exercise option=$50,000

Therefore the amount would she have to pay to exercise the option contract today is: $50,000.

Learn more about exercise option here:brainly.com/question/25750529

#SPJ4

7 0
2 years ago
For an institutional investor to qualify as a "QIB" under Rule 144A, the institution must have at least: A $1,000,000 of assets
True [87]

Answer:

C) $100,000,000 of assets that it invests on a discretionary basis

Explanation:

For an institutional investor to qualify as Qualified Institutional Buyer (QIB) under Rule 144A of the Securities and Exchange Commission (SEC) it must:

  1. manage at least $100 million worth of securities
  2. the securities must come from issuers that are not affiliated with the institutional investor

In case of banks or savings and loans institutions, Rule 144A requires them to have a net worth of at least $25 million.  

6 0
3 years ago
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