Answer:
the maturity date is August 12
Explanation:
The computation of the maturity date of 60 day note receivable dated on June 17 is as follows
Here we have to determine the 60 days from June 17
So in June, the remaining days left would be = (30 - 17) = 13
31 days in July
And, the rest of the days i.e. 12 days in August
So, the maturity date is August 12
Hence, the same would be considered
and, the same is relevant
Answer: Produce less.
Explanation:
Given that,
Price = $65
Marginal revenue = $35
Average total cost = $35
Marginal cost = $50
From the information given, it was observed that marginal revenue is not equal to marginal cost. The profit maximizing condition for a monopolist is at a point where marginal revenue is equal to the marginal cost.
But here marginal cost is greater than the marginal revenue. So, the monopoly firm should produce less output in order to reduce the marginal cost.
Accounts receivable turnover = 10
Annual credit sales = $900,000
Average collection period = ?
Average collection period = 365 / Accounts receivable turnover rate
As Account receivable turnover rate is 10, so we divide 365 by 10
= 365/10 = 36.50 days
it means, 36.50 days is the average collection period.
Answer:
Martin has a recognized gain on the transfer of <u>$40,000</u> and a basis of <u>$0</u> for his stock.
Explanation:
Martin's gain = liability assumed on the real estate transfer - real estate basis = $300,000 - $260,000 = $40,000
Martin's basis for his stock = real estate basis + recognized gain - liability assumed on the real estate transfer = $260,000 + $40,000 - $300,000 = $0
In this case the corporation assumed a liability, and the basic accounting equation is:
assets = liabilities + equity
If the liability's value offset the asset value, then there is no increase in equity.
Maturity mathing or hedging approach of working capital financial in an idealistic approach