Answer:
Stated interest rate
Explanation:
The stated interest rate is the rate of interest in which the value of the cash interest that has to paid on each date of interest
The value of the cash interest paid could be determined by applying the following formula
= Face value of the securities × Stated interest rate
Therefore as per the given situation, the stated interest rate is the answer and the same is to be considered
Answer:
The contribution margin is $29,650
The contribution margin ratio is 42.35%
Explanation:
Contribution Margin : The contribution margin shows a difference between sales revenue and variable cost.
For computing the contribution margin, the following formula is used which is shown below:
= Service revenue - Cleaning supplies - wages expenses
= $70,000 - $22,000 - $18,350
=$29,650
Thus, the contribution margin is $29,650
Now, the contribution margin ratio is a ratio between contribution margin and sales.
In mathematically,
Contribution margin ratio = Contribution ÷ Service revenue
= $29,650 ÷ $70,000
= 42.35%
Hence, the contribution margin ratio is 42.35%
Answer: $204,800
Explanation:
When a good is shipped FOB shipping point, it means that the buyer assumes responsibility for the goods as soon as the goods reach the place they will be shipped from. The purchase from Pelzer should therefore be included in inventory because it has already been shipped.
A good shipped FOB Destination means that the buyer only assumes responsibility after the goods have been delivered to them. As the sale to Alvarez was still in transit, it is still the responsibility of Marigold and should be included in inventory.
Inventory is therefore:
= 155,000 + 28,000 + 21,800
= $204,800
Answer:
By asking self reflective questions like–
Would I like to work for someone else, or be my own boss?
Explanation:
By so doing, it allows you to know your strengths and can you make right job choices peculiar to you.
For example, a recent college graduate student John who is very skilled at art may examine himself to know if he prefers to open his own art collection or instead would want to work for an art collection company.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On June 12
Cash $300,000
To Paid-In Capital in Excess of Par- Common Stock $220,000
To Common Stock $80,000 (80,000 shares × $1)
(Being the issuance of the common stock is issued and the remaining balance is credited to the paid in capital)
On July 11
Cash $318,000 (3,000 shares × $106)
To Preferred Stock $300,000 (3,000 shares × $100)
To Paid-In Capital in Excess of Par - Preferred Stock $18,000
(Being the issuance of the preferred stock is issued and the remaining balance is credited to the paid in capital)
On Nov 28
Treasury Stock $9,000
To Cash $9,000
(Being the treasury stock is purchased)
