Which of the following is/are appropriate displays for the distribution of salaries at a small company with 75 employees?

(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house for $170,000. He paid $25,000 down and agreed to pay t

valentinak56 [21]

Answer:

The equal payments amount is $16,678.57

Explanation:

Hi, first we need to determine what the loan amount is, we can do that by substracting $25,000 (down payment) from the cost of the new house, that would be $170,000 - $25,000 = $145,000.

Now, we need to solve for "A" the following equation, given a rate of 11% compounded annually, number of yearly payments equals 30 and a present value of $145,000

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$

Everything should look like this.

$145,000=\frac{A((1+0.11)^{30}-1) }{0.11(1+0.11)^{30} }$

$145,000=A(8.693792573)$

Therefore, A = $16,678.57

Best of luck.

5 0

3 years ago

Larry Nelson holds 1,000 shares of General Electric common stock. The annual shareholders meeting is being held soon, but as a m

Lisa [10]

Answer:

Larry must have signed a PROXY AGREEMENT that gives the management group control over his shares.

A proxy agreement is generally used for stockholders voting procedures, they basically grant another person the right to vote on behalf of another stockholder.

Larry's current investment in the company is $86,000.

= 2,000 stocks x $43 = $86,000

If the company issues new shares and Larry makes no additional purchase, Larry's investment will be worth $82,560.

company's new market value = (20,000 x $43) + (5,000 x $34.40) = $1,032,000

new stock price = $1,032,000 / 25,000 stocks = $41.28

= $41.28 x 2,000 = $82,560

This scenario is an example of STOCK DILUTION.

The stock price will lower because the increase in the company's value is less than proportional to the increase in the number of stocks.

Larry could be protected if the firm's corporate charter includes a PREEMPTIVE provision.

Preemptive rights give current stockholders the right to purchase more stocks (in case the company issues more stocks) before any outside investors.

If Larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become $103,200.

= [(5,000 / 10) x $34.40] + $86,000 = $17,200 + $86,000 = $103,200

5 0

3 years ago

You will imagine a newly established SERVICE COMPANY as of Jan 01, 2015. You will start and finish the Accounting Cycle accordin

Anvisha [2.4K]

Answer:

Your Semester Assignment (SA) is instructed below: The submission process of the SA. 1. Deadline for submission: Dec 13, 2021, Monday, 23:59 2. Do NOT prepare a "Copy-Paste" assignment. 3. DO NOT prepare the same numbers, same examples, or same thoughts for more than one student in assignments. 4. The SA should be prepared with high quality by considering English grammar and good shape in structuring paper. 5. There should be a cover page that should include; • The name, department, and number of the student. • The subject of the assignment. • The abstract (summary) of your accomplishment (by saying that what you did, what you reach, what you learn, etc.) 6. If necessary, I will inform further considerations. 7. The SA's subject: Given data and requests: You will imagine a newly established SERVICE COMPANY as of Jan 01, 2015. You will start and finish the Accounting Cycle according with the below instructions. You should prepare your Semester Assignment by considering below items to be recorded to the Journal; 1. During January, record 12 economic events (directed below) to the Journal and post these recorded entries to the related Ledger accounts (10 points): a. 1 investing some capital (On the 1" of January, some capital from shareholders (14 economic event) is transferred to the company.) b. 1 getting some loan from a bank (On the 1" of January, some loan from the creditors (banks) with 20% annual interest rate is deposited to the company's bank account (2nd economic event). c. 3 prepaid expenses, 1 unearned revenue, d. 3 accrued expense, 1 accrued revenue, e. 1 purchasing a vehicle in the beginning of January, f. 1 purchasing equipment in the beginning of January, 2. At the end of January, Prepare Trial Balance (10 points). 3. Record 8 adjusting entries (5 deferrals, 3 accruals) for previously recorded entries explained above and post these adjusting entries to the related Ledger accounts (25 points). 4. Prepare Adjusted Trial Balance (15 points), 5. Prepare Income Statement (15 points), 6. Prepare Retained Earnings Statement (10 points), 7. Prepare Balance Sheet (15 points).

Explanation:

7 0

3 years ago

Dartmouth Company produces a single product with a price of $11, variable cost per unit of $2, and total fixed cost of $8,500. D

qaws [65]

Answer:

b.is 944.

Explanation:

The computation of the break-even point in units is shown below:

Break-even point in units = (Fixed cost) ÷ (contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - variable cost per unit

= $11 - $2

= $9

And, the fixed expense is $8,500

Now put these values to the above formula

So, the units would be

= $8,500 ÷ $9 per units

= 944.45 units

7 0

3 years ago

What term refers to the continuous process by which an individual changes during life?

Sindrei [870]

Development is the term that refers to the continuous process by which individual changes during life.

4 0

4 years ago