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viktelen [127]
3 years ago
13

Rainey Enterprises loaned $20,000 to Small Co. on June 1, 2018, for one year at 6 percent interest. Required Show the effects of

the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign.) (1) The loan to Small Co. (2) The adjusting entry at December 31, 2018. (3) The adjusting entry and collection of the note on June 1, 2019.

Business
1 answer:
kari74 [83]3 years ago
3 0

Answer:

See explanation

Explanation:

See the image below:

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The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $120,000. The machine would
almond37 [142]

Answer:

7.5%

Explanation:

Cost savings :

= Equipment cost - New machine cost

= 30,000 - 12,000

= 18,000

Depreciation per year :

= Cost of automated bottling machine ÷ Useful years

= 120,000 ÷ 10

= 12,000

Simple rate of return:

= (Cost savings - Depreciation of new equipment) ÷ (cost - salvage of old)  

= (18,000 - 12,000) ÷ (120,000 - 40,000)

= 6,000 ÷ 80,000

= 0.075

= 7.5%

7 0
2 years ago
George bought a car for $26,500. he made no down-payment and financed the entire amount on a 5-year term with a monthly payment
pentagon [3]
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695

Question: Find interest rate

Solution:
Unless there is a table available, there is no explicit formula to calculate interest.  However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

A=\frac{P(i*(1+i)^{n})}{(1+i)^{n}-1}
Substituting 
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
A=\frac{26500(i*(1+i)^{60})}{(1+i)^{60}-1}
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02  (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest = 1.6265% (to four decimal places)


4 0
2 years ago
During the listing presentation, it would be appropriate for broker Ted to present the statutory written statement regarding bro
riadik2000 [5.3K]

Answer: a. The listing agreement they will use

b) Ted's office policy regarding intermediary brokerage

c) Ted's office policy regarding commission splits with "other" brokers

Explanation:

Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.

• The listing agreement they will use

• Ted's office policy regarding intermediary brokerage

• Ted's office policy regarding commission splits with "other" brokers.

These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.

3 0
3 years ago
All of the following are expenses associated with home ownership that should be planned for early in the process except
grandymaker [24]
Mortgage payments are expenses associated with home ownership
7 0
2 years ago
______ segmentation delves into how consumers actually describe themselves
andrezito [222]
Psychographic, <span>Segmentation is a method that delves into how consumers actually describe themselves, their attitudes, interests and activities.</span>
3 0
3 years ago
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