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4 years ago

The amount of the promissory note plus the interest earned on the due date is called the

Business

1 answer:

yuradex [85]4 years ago

3 0

Answer:

The amount of the promissory note plus the interest earned on the due date is called the maturity value.

Explanation:

Maturity value is the amount that has to be paid to an investor at the end of the debt's intrument period. The amount to be paid includes the interest earned during the period of the investment and the amount of money invested.

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The following is a partial trial balance for General Lighting Corporation as of December 31, 2018: Account Title Debits Credits

stepladder [879]

Answer:

1. Net income is $441,000; and Earnings per share (EPS) is $1.47 per share.

2. Net income is $441,000; and Earnings per share (EPS) is $1.47 per share.

Explanation:

Note: This question is not complete and the data in its are merged together. See the attached pdf file for thee complete question with the sorted data.

The explanations of the answers are provided as follows:

1. Prepare a single-step income statement for 2013, including EPS disclosures. (Round EPS answers to 2 decimal places.)

Note: See part 1 of the attached excel file for the single-step income statement.

A single-step income statement refers to an income statement that reports the revenue, expenses and the profit or loss of a company by using only one equation to determine profits.

The equation of the single-step income statement can be written as follows:

Net Income = (Revenues + Gains) - (Expenses + Losses)

In the part 1 of the excel file, we have:

Net income = $441,000

Earnings per share (EPS) = Net income / Number of common shares outstanding = $441,000 / 300,000 = $1.47 per share

2. Prepare a multiple-step income statement for 2013, including EPS disclosures. (Round EPS answers to 2 decimal places.)

Note: See part 2 of the attached excel file for the multiple-step income statement.

A multi-step income statement refers to an income statement that reports the revenue, expenses and the profit or loss of a company by using multiple equations to determine profits.

These equations are given as follows:

Gross Profit = Net Sales – Cost of Goods Sold

Operating Income = Gross Profit - Operating Expense

Net Income = Operating Income + Other income (loss)

In the part 2 of the excel file, we have:

Net income = $441,000

Earnings per share (EPS) = Net income / Number of common shares outstanding = $441,000 / 300,000 = $1.47 per share

Download xlsx

xlsx

pdf

6 0

3 years ago

Eleanor spends all of her money on magazines and donuts. In 2014, she earned $14.00 per hour, the price of a magazine was $7.00,

Alexandra [31]

Answer;

1. A. Eleanor's wage is $14.00 per hour in 2014.

B. The price of a donut is $1.00 in 2014.

When a variable is stated in nominal terms, it is usually given as a fixed monetary value because it is not adjusted for inflation. It therefore mentions just the price as is.

2. A. Eleanor's wage is 14 donuts per hour in 2014.

B. The price of a magazine is 7 donuts in 2014.

When goods are described in real terms, they are related to another good in order to adjust them for inflation.

3. The price of a magazine is $14.00 and the price of a donut is $2.00.

In 2019, the relative price of a magazine is 7 donuts.

The relative price = Price of Magazine/ Price of donuts

= 14/2

= 7 donuts.

4. Between 2014 and 2019, the nominal value of Eleanor's wage increases, and the real value of her wage remains the same.

As a result of the increase in money supply, Eleanor's wages increased nominally from $14 to $28.

However, in real terms her wages did not increase at all because the price level in the economy increased by the same rate that her wages increased meaning that she is still only able to buy the same quantity of things.

5. Monetary neutrality is the proposition that a change in the money supply affects nominal variables and does not affect real variables.

From Eleanor's example above, the concept of Money Neutrality is shown in that while a change in money supply will affect nominal variables, it will not affect real variables due to a general rise in prices.

6 0

3 years ago

A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a

Anna35 [415]

Answer:

EOQ 400 units

inventory cost $1,200

holding $600

ordering $600

reorder point 369.9 pounds

Explanation:

EOQ

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

Where:

D = annual demand = 200 days x 75 pound per day = 15,000

S= setup cost = ordering cost = $ 16

H= Holding Cost = $ 3

$Q_{opt} = \sqrt{\frac{2(15,000)(16)}{3}}$

EOQ 400

Inventory cost:

average inventory x holding cost

400/2 x $3 = $600 holding cost

order per year x order cost

15,000/400 x $16 = $600 order cost

reorder point: demand x lead time + safety stock

to get a confidence of 99% we need to look at the table for a Z value which is above 99% of the cases and then, move it to our ditribution.

In the talbe we got at a Z of 2.33 has a score of 0.99 which is the probability we want.

Now we calculate the safety stock

$2.33 \sqrt{4\times 15^{2} }$

safety stock: 69.9

This is the safety stock

Now the company will reorder at:

daily use x lead time + safety stock:

75 x 4 + 69.9 =

300 + 69.9 = 369.9

8 0

3 years ago

Which graph shows a decrease in demand?

Olenka [21]

Answer:

there is no graph...

Explanation:

4 0

3 years ago

Read 2 more answers

Which document needs to be submitted, along with reconciled cash, from each department to the main cashier’s office?

steposvetlana [31]

I think the answer would be B

7 0

3 years ago