Answer:
T-account entry:
Office Supplies
Dr Cr
Nov. 1 Balance b/d $1,700
Nov. Purchases $2,000
Answer:
$135million
Explanation:
The Deferred tax liability which isaac would report in its year-end 2021 balance sheet = Temporary difference for installment sales to be reversed in 2022, 2023, 2024 and 2025 * Tax rate
= ($120m + $120m + $150m + $150m) * 25%
= $540 million * 25%
= $135 million
the responsibilities of a manager in an investment center compare to the responsibilities of managers in a cost or profit center-----Investment center managers have more authority and responsibility than managers of a cost or profit center
What is the difference between a profit center and an investment center?
Profit center is a division or a branch of a company that is considered to be a standalone entity that is responsible for making revenue and cost related decisions. Investment center is a profit center that is responsible for making investment decisions in addition to revenue and cost related decisions
What are investment center managers responsible for?
An investment center segment of an organization responsible for costs, revenues, and investments in assets. is an organizational segment that is responsible for costs, revenues, and investments in assets. Investment center managers have control over asset investment decisions.
Learn more about profit center:
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Answer:
The firm’s beginning cash balance on June 1 is $ 205.
Explanation:
We have to use the following the formula to reach to the beginning cash
Beginning Cash balance june 1 = Beginning cash balance may 1 + sales - expenses
Beginning Cash balance june 1 = [$175] + [$430] - [$110 + $290]
Beginning Cash balance june 1= $ 205
Important. The may sales are not included in the calculation because accounts receivable time is 30 days, so may accounts receivable wont be collected until june.
Answer:
8.9%
Explanation:
From the question above
- The investment has 20% chance of earning 30% rate of return
= 20/100
Number or chances= 0.2
- The investment has a 50% chance of earning 10% rate of return
= 50/100
Number of chances = 0.5
- The investment has 30% chance of losing 7%
= 30/100
Number of chances= 0.3
Therefore, the expected return on investment can be calculated as follows
=0.2(30) + 0.5(10) + 0.3(-7)
=6 + 5 - 2.1
= 11-2.1
= 8.9%
Hence the expected return on investment is 8.9%
