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3 years ago

What is it called when work is done for a company by people who live in other countries

Business

1 answer:

Gemiola [76]3 years ago

5 0

Answer:

Offshoring

The answer is offshoring because people do work for companies that are in other countires or states because they are probably a proffesional at what they are doing.

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Strickland Company owes $202,900 plus $18,600 of accrued interest to Moran State Bank. The debt is a 10-year, 10% note. During 2

Vesnalui [34]

Answer:

a. Strickland Company (Debtor)

Date Account Title and Calculation Debit Credit

Notes payable $202,900

Interest payable $18,600

Accumulated depreciation (Machine) $218,689

Machine $397,600

Gain on disposition of machine $7,080

(186,000 + 397,000 - 218,680)

Gain on debt restructuring $35,500

[(202,900 + 18,600) - 186,000]

Moran State Bank (Creditor)

Date Account Title and Calculation Debit Credit

Machine $186,000

Allowance for Doubtful accounts $35,000

Notes receivable $202,900

Interest receivable $18,600

b. Gain on machine disposition and the gain on debt restructuring should be reported as an ordinary gain in the income statement.

c. Strickland Company (Debtor)

Date Account Title and explanation Debit Credit

Notes payable $202,900

Interest payable $18,600

Common stock $112,000

Additional paid-in-capital $74,000

Gain on debt restructuring $35,500

Moran State Bank (Creditor)

Date Account Title and explanation Debit Credit

Investment Trading $186,000

Allowance for Doubtful accounts $35,500

Notes receivable $202,900

Interest receivable $18,600

7 0

3 years ago

Knowledge Check 01 On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exer

Westkost [7]

Answer:

$153,333

Explanation:

Calculation to determine What amount should Olympic recognize as compensation expense for 2016

Using this formula

Compensation expense =Total compensation/Vesting period

Let plug in the formula

Compensation expense=($5 x 92,000)/3 years

Compensation expense=$460,000/3 years

Compensation expense=$153,333

Therefore What amount should Olympic recognize as compensation expense for 2016 is $153,333

5 0

3 years ago

if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the

stira [4]

Revised Sales revenue (1,000 + 150 units = 1,150 * $35) $40,250

Less: Reised Variable costs ($21 + $1 = $22 * 1,150) ($25,300)

Revised Contribution Margin $14,950

Less: Revised Fixed costs ($8,400 + $1,250) ($9,650)

Net operating income $5,300

Fixed costs remain the same for a period of time. Variable costs increase or decrease depending on the performance of the company. Examples of fixed costs are rent, taxes, and insurance premiums.

Variable costs are costs that change with changes in quantity. Examples of variable costs include raw materials, parts labor, production materials, handling charges, shipping charges, packaging materials, and credit card fees. In some fiscal documents, the variable cost of production is called the "cost of goods sold."

Learn more about Variable costs at

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#SPJ4

4 0

1 year ago

In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. th

frutty [35]

I think the depreciation will be charged only on the value of the house so that would be $753000-134000=$619000 since the land wouldn't depreciate. The actual amount of depreciation I don't know, just that it will be based on this value of the building on the land.

8 0

3 years ago

ou want to buy a new sports coupe for $81,500, and the finance office at the dealership has quoted you an APR of 6.3 percent for

Natasha_Volkova [10]

Answer:

a. The monthly payment will be <u>$1,664.91</u>.

b. The effective annual rate on this loan is 6.49%.

Explanation:

a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

This is calculated by using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or price of new sports coupe = $81,500

P = Monthly payment = ?

r = Monthly interest rate = Annual percentage rate (APR) = 6.3% / 12 = 0.063 / 12 = 0.00525

n = number of months = 60

Substitute the values into equation (1) and solve for P as follows:

85,500 = P * ((1 - (1 / (1 + 0.00525))^60) / 0.00525)

85,500 = P * 51.3541976210894

P = 85,500 / 51.3541976210894

P = $1,664.91

Therefore, the monthly payment will be <u>$1,664.91</u>.

b. What is the effective annual rate on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Effective annual rate (EAR) refers to the interest rate that is received by an investor in a year after adjusting for compounding.

Since the APR in the question is paid monthly, it implies that it is compounded monthly and the EAR can be computed using the following formula:

EAR = ((1 + (APR / n))^n) - 1 .............................(1)

Where;

APR = 6.3% = 0.063

n = Number of compounding periods or months in a year = 12 months

Substituting the values into equation (1), we have:

EAR = ((1 + (0.063 / 12))^12) - 1

EAR = 1.06485133891298 - 1

EAR = 0.06485133891298

EAR = 6.485133891298%

EAR = 6.49% rounded to 2 decimal places

Therefore, the effective annual rate on this loan is 6.49%.

8 0

3 years ago