Pleaseeeeeeeeeeeeee help

On January 1, 2020, Jacobs Company sells land financed through a $16,000 note, issued by Andress Company. The note is a $16,000,

Vlad [161]

Answer:

Note: <em>See attached picture for journal entry schedule for the question</em>

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Fair Value of Land = -PV(I, N, PMT, FV, Type)

Fair Value of Land = -PV(8%, 2, 16000*4%, 16000, 0)

Fair Value of Land = -PV(8%,2,640,16000,0)

Fair Value of Land = $14,859

Journal Entry

Date Account tile and explanation Debit Credit

Jan. 1 Notes Receivable $16,000

To, Discount on Notes $1,141

To, Land $14,859

Dec. 31 Cash $640

Discount on Notes $549

To, Interest Revenue (14859*8%) $1,189

Dec. 31 Cash $640

Discount on Notes $593

To, Interest Revenue (14859+549)*8% $1,233

Dec. 31 Cash $16,000

To, Notes Receivable $16,000

3 0

3 years ago

Consider the needs of the market. Often businesses and individuals decide to specialize in a product or service. Conduct brief r

s344n2d4d5 [400]

Answer: These address the needs of the market and creates a place for the service provider in same market

Explanation:

I'll explain this specialization aspect with a business model.

The business model I would use is a car wash business. The normal traditional car wash business has a people get their car washed along the road by anyone just to look clean, but the model I'll present is that which is different where cars are given detailed washing from customer service to quality services; the water used is treated, the finest of soap is applied all at an affordable price. If we examine this from the traditional car wash we'd realize it's different and this is far better.

These address the needs of the market and creates a place for the service provider in same market

7 0

3 years ago

Holly created a saving and investing plan over twelve years ago. She has not looked at it or made any changes to it. What saving

Tpy6a [65]

Continually reassess your plan. As part of the investment process and financial planning process, Holly should monitor and reassess her savings and investing plan annually to determine if her goals have changed and if she is meeting her goals through the plan's performance.

4 0

3 years ago

Holding all else constant, an increase in the market demand for a product in a competitive market would cause Group of answer ch

podryga [215]

If all is held constant, it is expected that increase in the market demand for a product in a competitive market would result to an increase to the marginal cost (MC) curve of the firms.

<h3>What is an increase in the market demand?</h3>

An increase in market demand are caused by rise in income, rise in the price of a substitute, price fall of a complement product etc.

And when there is an increase in market demand, its reflects on the demand graph as the demand curve shift to the right.

Therefore, the Option E is correct.

Read more about market demand

<em>brainly.com/question/3331860</em>

5 0

2 years ago

The partial worksheet for the Jamison Company showed the following data on October 31, 2019. Income Balance Statement SheetAccou

stealth61 [152]

Answer and Explanation:

The Journal entries are shown below:-

1. Fee Income Dr, $26,000

To Income Summary $26,000

(Being transfer of fees income is recorded)

2. Income Summary Dr, $13,150

To Utilities Expenses $500

To Salaries Expenses $10,400

To Rent Expenses $1,000

To Supplies Expenses $400

To Depreciation Expenses-Equipment $850

(Being transfer of all expense is recorded)

3. Income Summary Dr, $6,850

To Jason Jamison, Capital $6,850

(Being capital transfer is recorded)

4. Jason Jamison, Capital Dr, $1,500

To Jason Jamison, Drawing $1,500

(Being transfer drawings to capital account is recorded)

3 0

3 years ago