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3 years ago

which is the simplest option that sole proprietors can use to post an advertisement about the sale of their small businesses

1 answer:

4 0

<span>Craigslist is always a good option for selling most anything. It allows the seller to advertise to both the local market and nearby cities, as well as any other cities in the United States and abroad. It costs nothing to advertise on Craigslist and once a login is established, it is extremely easy to place an ad.</span>

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Swifty Corporation had the following selected transactions.

Anon25 [30]

Answer:

Missing word <em>"Indicate the effect each transaction has on the accounting equation, (Assets = Liabilities + Stockholders' Equity), using plus and minus signs."</em>

Assets = Liabilities + Stockholders' Equity

1. Increase(+) No Effect Increase(+)

2. Decrease(-) No Effect Decrease(+)

3. Increase(+) No Effect Increase(+)

4. Decrease(-) No Effect Decrease(+)

3 0

3 years ago

Oil Products Company purchases an oil tanker depot on January 1, 2017, at a cost of $600,000. Oil Products expects to operate th

anzhelika [568]

Answer:

The Journal entries are as follows:

(i) On January 1, 2017

Plant Assets A/c Dr. $600,000

To cash $600,000

[To record the depot]

(ii) On January 1, 2017

Plant Assets A/c Dr. $41,879

To To Asset retirement obligation $41,879

[To record the Asset retirement obligation]

Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.

4 0

4 years ago

Two alternatives, code-named x and y, are under consideration at guyer corporation. costs associated with the alternatives are l

nikdorinn [45]

Answer:

Two alternatives

Costs of alternatives:

The financial disadvantage of alternative y over alternative x is $28,800.

Explanation:

a) Data and Calculations:

Costs of alternatives:

alternative x alternative y

materials costs $ 45,000 $ 65,300

processing costs $ 49,400 $ 49,400

equipment rental $ 18,400 $ 18,400

occupancy costs $ 17,600 $ 26,100

Total costs $ 130,400 $ 159,200

Difference in costs = $28,800

b) The financial disadvantage of alternative y over alternative x is the increased cost incurred with alternative y over alternative x. While the total cost of alternative x is $130,400, alternative y has a total cost of $159,200, which is $28,800 more than the total costs of alternative x. The implication is that alternative y costs more than alternative x, making alternative x is a preferred alternative where cost is the determinant of the chosen option.

3 0

4 years ago

Under the equity method of accounting for investments, an investor recognizes its share of the earnings in the period in which t

Sphinxa [80]

Answer: Earnings are reported by the investee in its financial statements

Explanation:

Equity method is when investments are being treated in associate companies and it is usually applied in cases whereby an investor entity holds about twenty to fifty percent of the associate company's voting stock. Due to this reason, it has a strong say in the associate company's management.

Under the equity method of accounting for investments, an investor recognizes its share of the earning in the period in which the earnings are reported by the investee in its financial statements.

8 0

3 years ago

Following are summary financial statement data for Nordstrom Inc. for fiscal years ended 2014 through 2016.

Gwar [14]

Answer:

Nordstrom Inc.

a. Return on Assets (ROA) for the fiscal years ended 2019 and 2018:

= Net income/Total Assets

2019 = 7.15%

2018 = 5.39%

b. Profit Margin (PM) for fiscal years ended 2019 and 2018:

= Net income/Sales * 100

2019 = 3.56%

2018 = 2.82%

c. Asset Turnover (AT) for fiscal years ended 2019 and 2018:

= Total Sales / Average Assets

2019 = 1.98x

2018 = 1.94x

Explanation:

a) Data and Calculations:

$ thousands 2019 2018 2017

Sales $15,860 $15,478 $14,757

Net income 564 437 354

Total assets 7,886 8,115 7,858

Average assets 8,001 7,986

Equity 873 977 870

a. Return on Assets (ROA) for the fiscal years ended 2019 and 2018:

= Net income/Total Assets

2019 = $564/$7,886 * 100 = 7.15%

2018 = $437/$8,115 * 100 = 5.39%

b. Profit Margin (PM) for fiscal years ended 2019 and 2018:

= Net income/Sales * 100

2019 = $564/$15,860 * 100 = 3.56%

2018 = $437/$15,478 * 100 = 2.82%

c. Asset Turnover (AT) for fiscal years ended 2019 and 2018:

= Total Sales to Average Assets

2019 = $15,860/$8,001 = 1.98x

2018 = $15,478/$7,986 = 1.94x

b) Return on Assets (ROA) indicates the relative profitability of assets, which indicates the ability of management to generate earnings from the entity's assets.

The Profit Margin (PM) measures the degree to which a dollar-sales is turned into profit.

Asset Turnover (AT) measures the efficiency achieved by the entity in generating sales from its assets.

7 0

3 years ago