Using Excel, 40 applicants apply for 5 similar positions in a company. How many different ways can the candidates be hired?

Transent Foods announced that its current sales are $1,233,450 this year. The company forecasts a growth rate of 16 percent for

hodyreva [135]

Answer:

Approximately 6 years

Explanation:

Use Future value formula to calculate the period:

FV = Target Earning = $3 million

PV = Current Sales = $1,233,450

g = growth of sales = 16%

n = number of years = ?

FV = PV ( 1 + g )^n

$3,000,000 = $1,233,450 x ( 1 + 16% )^n

$3,000,000 / $1,233,450 = ( 1 + 0.16 )^n

2.4322 = 1.06^n

log 2.4322 = log 1.16^n

n = log 2.4322 / log 1.16

n = 5.99

n = 6 years (Rounded off to nearest whole year)

4 0

2 years ago

The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is cal

velikii [3]

Answer:

Preemptive right

Explanation:

The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a <u>Preemptive right.</u> A preemptive right grants right to existing shareholders to buy some proportion of new shares at a price lower than market price

7 0

2 years ago

Assume that TarMart purchased equipment at the beginning of fiscal year 2016 for $480,000 cash. The equipment had an estimated u

vovikov84 [41]

Answer:

1. What would depreciation expense be for year 3 under the straight-line method?

= ($480,000 - $30,000) / 8 = $56,250

same depreciation expense for every year

2. What would depreciation expense be for year 3 under the double-declining balance method?

depreciation year 1 = 2 x 1/8 x $480,000 = $120,000

depreciation year 2 = 2 x 1/8 x $360,000 = $90,000

depreciation year 3 = 2 x 1/8 x $270,000 = $67,500

3. What is the first year in which depreciation expense under the straight-line method is higher than under the declining balance method?

under double declining method

depreciation year 4 = 2 x 1/8 x $202,500 = $50,625

In year 4, depreciation expense wil be higher using the straight line method.

4. Assume TarMart uses the straight-line depreciation method for its equipment. Also assume that at fiscal year-end 2020, TarMart sold the equipment purchased at the beginning of fiscal year 2016 for $200,000 cash. Prepare the journal entry to record the sale of the equipment at year-end 2020.

Dr Cash 200,000

Dr Accumulated depreciation - equipment 225,000

Dr Loss on sale of equipment 55,000

Cr Equipment 480,000

Explanation:

purchase cost $480,000

useful life 8 years

salvage value $30,000

3 0

2 years ago

Vega corporation expects to pay a 4% bonus on net income after deducting the bonus. assume the corporation reports net income o

Alex

Hey there!

the answer is

A credit to Employee Bonus Payable, $5,000

thank you

Best regards

OFFICIALLYSAVAGE2003

7 0

2 years ago

Exercise 14-27 (Algorithmic) (LO. 3) On May 9, 2020, Glenna purchases 500 shares of Ignaz Company stock for $14,400. On June 30,

mars1129 [50]

Answer: uh huh, this my sh

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A few times I've been around that track

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I ain't no hollaback girl

A few times I've been around that track

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Few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

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A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

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A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

5 0

2 years ago