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3 years ago

Should shoe companies be able to give away free shoes and equipment to high school athletes?

1 answer:

6 0

If this is an opinion question, then my answer would be that the companies should chose where their products are distributed. This can be based off of their product availability, company income, and other factors such as how well they sell their shoes. This can affect how able they are to supply shoes without generating money back from the schools.

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Todd can afford to pay $390 per month for the next 7 years in order to purchase a new car. The interest rate is 6.8 percent comp

zvonat [6]

Answer:

$26,036.74

Explanation:

Tom is able to pay $390 per month for 7 years. The interest rate is 6.8 %. Tom will pay an equivalent of the present value of a $390 annuity for & years 6.8 per cent

The applicable formula is

PV = P × 1 − (1+r)−n

Where PV is the present value

P is 390

r is 6.8% per year or 0.005666

n is 7 year or 84 months

PV = $390 x 1-(1+0.005666)84

0.00566

PV = $390 x 1- 0. 622133410)

0.00566

PV =390 x (0.37786659/0.00566)

PV = $390 x 66.760

PV = $26,036.74

4 0

3 years ago

Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deduct

Black_prince [1.1K]

Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.

3 0

3 years ago

Which spreadsheet type will determine how well a business has done over the past year?

Scilla [17]

A profit and loss statement will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly.

8 0

3 years ago

Read 2 more answers

Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value

ruslelena [56]

Answer:

1. $2,000,000

2. Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

Calculation of Goodwill :

Purchase Price $6,000,000

Less Net Identifiable Assets

Assets at Fair Value $17,000,000

Less Liabilities at Fair Value ($13,000,000) ($4,000,000)

Goodwill $2,000,000

Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

4 0

3 years ago

Khandi gives a presentation to advocate that her employer, Let-Us Ltd., which offers services such as personal shopping and even

Sladkaya [172]

Answer:

A). She cites a personal services company in another city that increased its business by adding dog walking to its services.

Explanation:

PREP method is demonstrated as the effective method or approach of presentation or speech that consists of four steps: 'P stands for 'point'(statement of claim), 'R stands for 'reasons'(explanation of the point), 'E stands for 'examples or evidence'(to support the claim), and lastly, 'P stands for point('justification and restatement of the claim').

According to this method, option A i.e. 'She cites a personal services company in another city that increased its business by adding dog walking to its services' reflects the third step that Khandi uses for her presentation. This citation would not only support her claim but also establish the credibility of her claim while the next step would prove how her claim is justified. Thus, option A is the correct answer.

7 0

3 years ago