Answer and Explanation:
The journal entries are shown below:
1 Equipment $53,420
To Cash $53,420
(Being the equipment is purchased for cash is recorded)
The computation is given below:
= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost
= $49,500 + $3,650 + $100 + $60 + $110
= $53,420
2. Depreciation expense $9,614
To Accumulated Depreciation - Equipment $9,614
(Being the depreciation expense is recorded)
The computation is shown below:
= ($53,420 - $5,350) ÷ ( 5 years)
= $9,614
Answer: $500
Explanation:
Interest for the period = Amount borrowed * Interest rate * 120/360 days
= 15,000 * 10% * 120/360
= $500
There are monetary policy lags
<h3>What is monetary policy lags ?</h3>
The presence of temporal delays is one of the drawbacks of countercyclical monetary policy. The monetary authority must have time to recognise the need for action, take that action, and observe how that action affects economic activity. The time relationship between the resultant monetary series and the subsequent series of impacts of monetary operations is how Friedman defines "lag." He claims that economic circumstances are only affected by monetary measures after a "long and varied lag." Friedman makes a distinction between three fundamental lags: the administrative lag, the operation lag, and the recognition lag.
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Answer:
$240
Explanation:
The computation of the cash flows from investing activities is shown below:
Cash flow from investing activities
Purchased of used equipment -$240
Sale of investment $480
Cash flow provided by investing activities $240
The purchase of used equipment is a cash outflow therefore it is represented in a negative sign while on the other hand sale of investment is cash inflow so the same is presented in a positive sign
The apps stated above will be marked as <u>Stars </u>on Under Armours Market Growth/Market Share matrix.
<h3>What do <u>STARS </u>mean on the Market Share/Market Growth/BCG Growth-Share Matrix?</h3>
The two keywords which define stars on the matrix are:
Any product that is projected as fast-growing and which comprises a huge portion of the market is referred to as "Stars" on the growth matrix.
Other categories of the growth matrix are:
- Cash Cows
- Dogs (Pets)
- Question Marks
Please see the link below for more about Market Growth Matrix:
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