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3 years ago

1.Which might NOT be an option for increasing your present income?

1 answer:

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Quitting your job to find another job is not an option for increasing your present income, because it may take months to find and start a new job and even longer to get your first paycheck. A merit increase in pay may have to wait until you reach a certain anniversary date in order to receive it.

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A local restaurant owner is considering expanding into another rural area. The expansion project will be financed through a line

Vladimir79 [104]

Answer:

B) $2,500 per month rent.

Explanation:

Incremental cash flows do not include interest payments on investment capital, since the cash flows should be equally generated if you invest your own money, another partner invests his money or someone else lends it to you. The same logic applies to the administrative costs of the credit line.

5 0

3 years ago

When entering a transaction into a general journal, the entry would be dated; then the accounts_________ would be listed first;

Diano4ka-milaya [45]

Answer: The accounts DEBITS are listed first then the accounts CREDITS would be listed next.

Explanation: In preparing a journal entry, the journal entry date is first stated. This is followed by all accounts DEBITS and the accounts CREDITS are listed next.

The sum of the debits on the journal entry must equate the total sum of the credits. This will help to balance the trial balance.

7 0

2 years ago

Price Manufacturing assigns overhead based on machine hours. The Milling Department logs 1,800 machine hours and Cutting Departm

kifflom [539]

Answer and Explanation:

The Journal entry is shown below:-

Work in progress Dr, $24,000

To Manufacturing Overhead $24,000

(Being the overhead assigned is recorded)

For recording this we debited the work in process as it increased the assets and credited the manufacturing overhead for assigning the overhead

Working note

Overhead amount = (Milling Department + Cutting department) × Overhead rate

= (1,800 + 3,000) × $5

= $4,800 × $5

= $24,000

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3 years ago

pany is considering the purchase of a new bubble packaging machine. If the machine will provide $15,000 annual savings for 12 ye

finlep [7]

Answer:

Present Value= $74,018.97

Explanation:

Giving the following information:

The machine will provide $15,000 annual savings for 12 years and can be sold for $48,000 at the end of the period.

Interest rate= 15%

<u>To determine the present value of the savings, first, we need to determine the future value at the rate provided.</u>

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual save

FV= {12,000*[(1.15^12)-1]}/ 0.15

FV= 348,020 + 48,000= $396,020

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 396,020/1.15^12= $74,018.97

4 0

3 years ago

Hector is a married, self-employed taxpayer, and this year he paid $3,000 for his health insurance premiums (not through an exch

Korvikt [17]

Answer:

The answer to this question is option B. Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

Explanation:

Hector can deduct the cost of the premium for AGI if Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

7 0

3 years ago