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3 years ago

What is JROTC?

Business

2 answers:

scZoUnD [109]3 years ago

5 0

A military officer training program

julia-pushkina [17]3 years ago

3 0

Answer:

A military officer training program

Explanation:

I just took the quiz and it was correct

<3 Enjoy,

Dea

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Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2016, options were granted for 60,000 $1 par c

Sergeu [11.5K]

Answer:

See the explanation below.

Explanation:

Fair value of expired option = 60,000 * $1 * 10% = $6,000

Journal entries will be as follows:

<u>Details Dr ($) Cr ($) </u>

Paid-in capital - stock options 6,000

Paid-in capital - expiration to stock options 6,000

<u> </u><em><u>To record the expiration of stock option </u></em>

4 0

3 years ago

2. “An American woman executive is sent to negotiate a contract with a corporation in Saudi Arabia. She dresses conservatively i

Tpy6a [65]

Answer:

1. The mistakes she made include:

1. Dressing like a male when it was expected that she should dress like a female.

2. Not wearing a feminine cloth but rather a suit.

3. She wearing a makeup.

4. She fixing her hear but not covering it with hijab.

b. She could have done the following to fix it:

1. Making researches on how best to dress when in Saudi Arabia.

2. Wearing a long covering cloth.

3. Covering her hair with Hijab despite not been from their culture and country.

Explanation:

3 0

3 years ago

Vulcan Service Co. experienced the following transactions for Year 1, its first year of operations: Provided $82,000 of services

Over [174]

Answer:

Vulcan Service Co.

a. Journal Entries:

Debit Accounts Receivable $82,000

Credit Service Revenue $82,000

To record services rendered on account.

Debit Cash $49,200

Credit Accounts Receivable $49,200

To record cash collected on account.

Debit Salaries Expense $30,000

Credit Cash $30,000

To record salaries expense for the year.

2. Debit Bad Debts Expense $2,456.72

Credit Allowance for Uncollectible $2,456.72

To record bad debts expense.

b. Income Statement for year ended December 31, Year 1:

Service Revenue $82,000

Salaries Expense 30,000

Bad Debts expense 2,456.72 32,456.72

Net income $49,543.28

c. The net realizable value of the accounts receivable at December 31, Year 1 is:

Accounts Receivable = $32,800

less Allowance for

uncollectibles 2,456.72

Net realizable value = $30,343.28

Explanation:

a) Data and Calculations:

Accounts Receivable

Account Titles Debit Credit

Service Revenue $82,000

Cash $49,200

Balance 32,800

Service Revenue

Account Titles Debit Credit

Accounts receivable $82,000

Salaries Expense

Account Titles Debit Credit

Cash $30,000

Bad Debts Expense

Account Titles Debit Credit

Allowance for Collectibles $2,456.72

Allowance for Uncollectibles

Account Titles Debit Credit

Bad Debts expense $2,456.72

Cash Account

Account Titles Debit Credit

Accounts receivable $49,200

Salaries expense $30,000

Balance 19,200

Trial Balance as at Year 1:

Account Titles Debit Credit

Cash $19,200

Accounts Receivable 32,800

Allowance for Uncollectibles $2,456.72

Service Revenue 82,000

Salaries Expense 30,000

Bad Debts expense 2,456.72

Totals $84,456.72 $84,456.72

Accounts receivable aging schedule:

Number of Percent Likely to

Days Past Due Amount Be Uncollectible Allowance Balance

Current $ 24,272 .01 $242.72

0-30 1,640 .05 82.00

31-60 2,296 .10 229.60

61-90 1,968 .30 590.40

Over 90 days 2,624 .50 1,312.00

Total $32,800 $2,456.72

8 0

3 years ago

Adams Corporation's present capital structure, which is also its target capital structure is

kaheart [24]

Answer:

Task a:

The answer is $24,500.

Task b:

The answer is 17%

Explanation:

<h2>Task a:</h2><h3>What is the maximum amount of new capital that can be raised at the LOWEST component cost of EQUITY?</h3><h3>Solution:</h3>

We already know the following:

Projected net income = $21,000

Payout ratio = 30%

Retention ratio = 70%

Debt share = 40%

Equity share = 60%

Maximum amount of capital to be raised at the lowest component cost of equity = Projected net income × $\frac{Retention ratio}{Equity share}$

= $21,000 × $\frac{0.70}{0.60}$

= $24,500

<h3>Answer:</h3>

The maximum amount of new capital that can be raised at the lowest component of equity is $24,500.

<h2>Task b:</h2><h3>What is the component cost of equity by selling new common stock?</h3><h3>Solution:</h3>

k(e) (component cost of external equity) = [Dividend (D0)(1 + growth) / stock price(1 - flotation cost)] + growth

Formula:

k(e) = $\frac{Do(1+g)}{P(1-0.20)}$ + 0.05

Where

Do = $2.00

G = 0.05

P = $21/88

= ($2.00(1 + 0.05) / $21.88(1-.20)) + 0.05

= ($2.10/$21.88(1-.20)) + 0.05

= ($2.10/$21.88(0.80) + 0.05

= 0.17 or 17%

<h3>Answer: </h3>

The component cost of equity by selling new common stock = 17%

5 0

4 years ago

Is Faraj legally required to pay this additional amount in this case? Melissa Faraj owns a lot and wants to build a house accord

lubasha [3.4K]

Answer:

The issues that arises between the Faraj and Siegel can be discussed by three different groups in resolving the contract agreement.

Note: Kindly find an attached copy of the complete question below.

Explanation:

Solution

In this case between Faraj and Siege'ls building contractors the following issue are discussed by three groups as follows:

(1) The contractor can increase the price of finishing construction based on inflation and the cost of raising materials during inflation prices for the materials increases or goes up and this will affect the customer gradually.

(2) Faraj will not pay the additional amount requested by Siegel because according to the contract the amount she has to pay is $153,000

(3) Issues or problems that might come up during construction is listed below:

Poor communication
Not feasible or impractical forecasting
The unavailability of structure

3 0

4 years ago