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3 years ago

To find the balance due from an individual customer, the accountant would refer to

1 answer:

4 0

The answer is in the accounts receivable subsidiary ledger. The balance in each customer account is at times settled with the accounts receivable balance in the general ledger, to safeguard correctness. The subsidiary ledger is also usually denoted to as the sub ledger or subaccount.

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Sam invests $5,000 of his own money in his new auto detailing business. He then obtains a loan and builds a small workshop in hi

ki77a [65]

Answer:

Assets= 15,000

Liabilities= 10,000

Owner's equity= 5,000

Explanation:

When he invests 5,000 of his own money that 5,000 is an asset as it is cash and the 10,000 he borrows is also an asset as it is cash. The liabilities are 10,000 as he has to pay 10,000 back and it is a loan so it is a liability also.

The owners equity is 5,000 as he invested 5,000 of his own money in the business and that is owners equity.

7 0

4 years ago

Stech Co. is issuing $9 million 12% bonds in a private placement on July 1, 2017. Each $1,000 bond pays interest semi-annually o

STALIN [3.7K]

Answer:

Expected selling price =$ 1,271.81

Explanation:

The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.

These cash flows include interest payment and redemption value

The price of the bond can be calculated as follows:

Step 1

PV of interest payment

coupon rate - 12%, yield - 8%, years to maturity- 10 years

Semi-annual coupon rate = 12%/2 = 6%

Semi-annual Interest payment =( 6%×$1000)= $60

Semi annual yield = 8%/2 = 4%

PV of interest payment

= A ×(1- (1+r)^(-n))/r

A- interest payment, r- yield - 4%, n- no of periods- 2 × 10 = 20periods

= 60× (1-(1.04)^(-10×2))/0.04)

= 60× 13.59032634

=$815.41

Step 2

PV of redemption value (RV)

PV = RV × (1+r)^(-n)

RV - redemption value- $1000, n- 2×10 r- 4%

= 1,000 × (1+0.04)^(-2×10)

= $456.38

Step 3

Price of bond = PV of interest payment + PV of RV

= $815.41 + $456.38

= $ 1,271.81

Expected selling price =$ 1,271.81

5 0

3 years ago

For firms like Target and Walmart, competition

liubo4ka [24]

Answer:

The correct answer is D

Explanation:

Competition is the term which is described as the rivalry among companies selling the similar products and the services in order to achieve or accomplish the market share growth, revenue and profit.

The competition among the business is a contest or the rivalry among the firms or organization to win the revenue. It is the fundamental force, that benefits or advantage the customers as the firms are under the pressure in order to improve the products and also provide or offer the attractive prices.

4 0

3 years ago

Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar

meriva

Answer:

$ 102,100

Explanation:

Based on the scenario been described in the question the incremental Analysis for replacement of old equipment:

Cost of New used lift

$ 190,500

Saving in Incremental Cost of Repair of old lift

$ (45,000)

Reduction in Annual operating expenses = $25,600 * 6 years

$ (153,600)

Annual Rent revenue from new used lift = $11,000*6 years

$ (66,000)

Sale price of old lift

$ (28,000)

Saving in Incremental Costs

$ (102,100)

Net income increase

$ 102,100

Hence, the net income shall increase by $102,100 if the old liftis replaced.

3 0

3 years ago

________ is a collection of change methods that seek to improve organizational effectiveness and employee well-being.A) Organiza

____ [38]

Answer:

The correct option is A

Explanation:

OD ( Organizational Development) is the collection or group of the change methods which try to improve or enhance the effectiveness of the firm or organization and also the well being of the employee. OD methods value the human as well as the organization growth, participative and the collaborative processes and the spirit of inquiry.

6 0

4 years ago