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3 years ago

Jake receives a promotion at his law firm after winning an important case. this is an example of a:

1 answer:

3 0

<span>Jake receiving a promotion at his law firm after winning an important case is an example of a positive social sanction. This is a sociological term used to explain the reaction to a person's behavior or actions.</span>

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The following transactions are for Oriole Company.

shepuryov [24]

Answer:

Journal 1 ;

Account Receivable - Cullumber Co. $ 492200 (debit), Revenue $ 492200

Journal 2;

Cost of Sales $325000 (debit) , Merchandise $325000

Journal 3

Discount Allowed $22900 (debit), Accounts Receivable - Cullumber Co $22900 (credit)

Journal 4

Bank or Cash $469300 (debit), Account Receivable - Cullumber Co (credit)

Explanation:

Journal 1

Revenue is being recognized on sale of Merchandise to Cullumber Co.Since this is not a credit transaction ( the merchandise was sold on credit 2/10, n/30), we recognize an Asset in the Account Receivable - Cullumber for future economic benefits expected to flow to Oriole.

Journal 2

Company uses perpetual inventory system. Which means cost of merchandise is recorded at each sale and not after a certain period (periodic).Thus cost of merchandise is matched to the revenue.Note that Merchandise Account is decreasing (Credit) while the Cost od Sale is increasing (Debit)

Journal 3

The Asset element in the Account Receivable - Cullumber is decreasing due to allowance granted to them.Therefore Culumber is credited.An expense account - Discount Allowed has been created to reflect a decrease in future economic benefit due to grant of the allowance.

Journal 4

The Recognition of Payment through Bank or Cash. Asset of Cash or Bank are increasing as a result of the payment while assets of Accounts Receivable are decreasing due to Cullumber Co. settling their debt. The settled amount is net of allowance granted to them $469300 (492200-22900)

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3 years ago

Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equality. It has a before-tax cost o

ioda

Answer:

Raising the Funds through Retained Earnings

WACC = Ke(E/V) + Kp(P/V) + Kd(D/v)(1-T)

WACC = 14.7(0.36) + 12.2(0.06) + 11.1(0.58)(1-0.40)

WACC = 5.292 + 0.732 + 3.8628

WACC = 9.89%

Raising New Equity

WACC = Ke(E/V) + Kp(P/V) + Kd(D/v)(1-T)

WACC = 16.8(0.36) + 12.2(0.06) + 11.1(0.58)(1-0.40)

WACC = 6.048 + 0.732 + 3.8628

WACC = 10.64%

Difference in WACC = 10.64% - 9.89%

= 0.75%

Explanation:

WACC equals cost of equity multiplied by proportion of equity in the capital structure plus cost of preferred stock multiplied by proportion of preferred stock in the capital structure plus after-tax cost of debt multiplied by proportion of debt in the capital structure.

In this case, there is need to calculate WACC if funds were raised through retained earnings and WACC if funds were raised through new common stock. Then, we will determine the difference in WACC.

5 0

3 years ago

Lauer Corporation has provided the following information about one of its laptop computers:DateTransactionNumberof UnitsCost per

LiRa [457]

Answer:

$40,000

Explanation:

The LIFO inventory system means last in, first out. It means that It is the last purchased inventory that is first sold.

If 750 laptop computers were sold ,they would be sold from the inventory purchased on 10/15 , 8/10 , 5/5. This would total 700 laptops. The last 50 laptops would be sold from the beginning inventory . This would leave an ending inventory of 50 laptops.

50 × $800 = $40,000

I hope my answer helps you

8 0

4 years ago

Which type of transaction refers to a flow of MONEY through the economy?A)Individuals spend money to purchase resources from fac

Nikitich [7]

Answer:

B) Money is used to purchase goods and services in the product markets.

7 0

3 years ago

Read 2 more answers

Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment

cestrela7 [59]

Answer:

C3 should be chosen

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

For project C1:

Cash flow in year 0 = $-252,000

Cash flow in year 1 =$20,000

Cash flow in year 2 =116,000

Cash flow in year 3 =176,000

I = 10%

NPV = $5,719

For project C2

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $104,000

Cash flow in year 2 = $104,000

Cash flow in year 3 = $104,000

I = 10%

NPV = $6,633

For project C3

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $188,000

Cash flow in year 2 =68,000

Cash flow in year 3 =56,000

I = 10%

NPV = $17,181

C3 should he accepted because it has the highest NPV

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

3 0

3 years ago