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Strike441 [17]
3 years ago
14

Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering

business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. refer to scenario 13-9. ellie's annual economic costs will equal
Business
1 answer:
goldenfox [79]3 years ago
7 0
Ellie would have annual expenses of $15000+$3000+$1000+$1200+$35000=$55,200. If she cashed in her $20.000 deposit then her balance owing would be $35,200 so she would have to make at least this much or preferably the $55,200 to break even., 
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On October 1, year 14, Park Co. purchased 200 of the $1,000-face-value, 10% bonds of Ott, Inc., for $220,000, including accrued
lana [24]

Answer:

Bond receivable - Ott Inc 200,000

Premium on B.R Ott Inc       14,400

Interest receivables             10,000

Net:                                     224,400

Explanation:

As Park Co uses straight line method, we don't have to solve for the present value of the bond we directly label the difference between cost and face value as premium or discount accordingly. Premium when above and discount when lower.

accrued interest:

200 bonds x $1,000 each x 10% x 3/12 = 5,000

220,0000 cost - 5,000 interest - 200,000 face value = 15,000 bond premium

Balance at December year 15:

the interest payable will be for the entire period:

200,000 x 10% / 2 = 10,000

the premium will be amortized for 3 month.

and it has outstanding 75 month to mature from October 1st

15,000 x 3 / 75 months = 600

carrying value 15,000 - 600 = 14,400

8 0
3 years ago
What is the order of operations?
maxonik [38]

Answer:

I think the answer is B.

Explanation:

6 0
3 years ago
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Maintaining ___________ involves producing what the customer wants while reducing errors before and after delivery to the custom
earnstyle [38]

Answer:

Quality

Explanation:

In business terms the quality is the level of service or product meets the customer's expectation. Customer want a good quality product or service in a competitive price. Some customers can compromise on the price factor but they require high quality without any error or defect. So, producing what customer wants is called Quality.

5 0
3 years ago
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In a project network, the critical path is the sequence of activities which has the:________.
Scorpion4ik [409]

In a project network, the critical path is the sequence of activities which has the longest time. A series of interconnected tasks known as the critical route has a direct impact on the project's completion date.

<h3>What do you men by the project network?</h3>

A project network is a graph that displays the actions, lengths of time, and dependencies among your project's tasks.

Techniques like Gantt charts, PERT charts, and critical path management can be used to form project networks. The project network has a number of paths, but each terminal piece must be located on just one of those paths.

A project's workflow is shown graphically in a project network diagram. A network diagram is a project management chart that lists boxes for activities and roles, followed by arrows that show the timetable and order in which the work must be done.

Therefore, in a project network, the critical path is the sequence of activities which has the longest time. A series of interconnected tasks known as the critical route has a direct impact on the project's completion date.

To know more about the project network, visit:

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3 0
1 year ago
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Jurisdiction M imposes an individual income tax based on the following schedule.
labwork [276]

Answer:

D) Both A. and B. are true.

  • A) The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.
  • B) Jurisdiction M's tax is vertically equitable.

Explanation:

When we are talking about horizontal equity of a tax, we are talking about how the tax base is measured and the ability that taxpayers have to pay the tax. There is nothing here about tax base or taxpayers' ability to pay.

On the other hand, vertical equity deals with the tax rate structure. In this case, the tax rate is progressive, meaning that it increases as the taxpayers' income increases. Progressive taxes are vertically equitable.

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