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3 years ago

7

Describe two financial goals that you would want to meet before you begin investing. Explain why you would want to reach those g

oals first.

1 answer:

salantis [7]3 years ago

4 0

One would be getting out of credit card debt.
<span>another would might be having a savings account in case you lose a job.</span>

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In Da Houz is a bar which mostly plays trance music, and has a dedicated day every week for local bands to perform. In Da Houz t

Dmitry_Shevchenko [17]

Answer:

Direct marketing

Explanation:

In simple words, Direct marketing relates to the means of selling an deal, where companies specifically interact with a pre-selected client and provide a mechanism for veiled reference. It has also been recognized as direct reaction marketing amongst practitioners.

The least likely to be successful is indeed a direct marketing message that is sent to the largest possible public. After all, while simply irritating several other beneficiaries, the business can gain few more consumers.

5 0

3 years ago

Slaughter Industries just signed a sales contract with a new customer. What is this contract worth as of the end of year 4 if th

igor_vitrenko [27]

Answer:

$489,512.15

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

We are supposed to determine the present value

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 84,000

Cash flow in year 2 = 113,000

Cash flow in year 3 = 125,000

Cash flow in year 4 = 130,000

I = 6%

PV = 387,739.47

387,739.47(1.06)^4 = $489,512.15

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

8 0

3 years ago

Between 2003 and 2005, there was huge growth in the market for premium blue jeans priced at $200 or more per pair. Popular magaz

zimovet [89]

Answer:

Following are the solution to the given question:

Explanation:

Huge demand increase inside the Blue Jeans market led to rising costs between 2003 and 2005. The contour of desire went right.

With pricing just above the previous level, the producers are motivated to create more and therefore to increase the demand side and shift its supply curve to the right.

Greater amounts supplied produced a surplus in blue jeans that could only be sold if the prices decreased to attract buyers (the supply side), creating a new balance at a clean cost.

6 0

2 years ago

At the beginning of 2017, Miyazaki Company's Accounts Receivable balance was $105,000, and the balance in Allowance for Doubtful

madam [21]

Answer:

Miyazaki Company

a. Analysis of transactions:

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off = $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

b. a) Bad Debt Expense = $18,900

b) Bad Debt Expense = $14,820

c. Net Realizable Value of Accounts Receivable on December 31:

a) b)

Unpaid balance for the year $229,500 $229,500

Allowance for doubtful accounts (18,900) (14,820)

Net Realizable Value = $210,600 $214,680

d. The recognition of bad debts expense does not have any direct effect on the net realizable value. It is the Allowance for doubtful accounts that has a negative effect on the net realizable value.

The write-off of accounts reduces the net realizable value by $3,000.

Explanation:

a) Data and Calculations:

Beginning balances:

Accounts receivable = $105,000

Allowance for Doubtful Accounts = $1,950

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off = $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

Bad Debts Expense = $18,900 ($630,000 * 3%)

Allowance for Uncollectibles = $13,770 ($229,500 * 6%)

a) Allowance for Doubtful Accounts:

Account Titles Debit Credit

Beginning balance $1,950

Accounts receivable $3,000

Bad Debts Expense 18,900

Balance 17,850

b) Allowance for Doubtful Accounts:

Account Titles Debit Credit

Beginning balance $1,950

Accounts receivable $3,000

Bad Debts Expense 14,820

Balance 13,770

6 0

2 years ago

Ford Corporation entered into a troubled debt restructuring agreement with their local bank. The bank agreed to accept land with

icang [17]

Answer:

The answer is: $225,000

Explanation:

Ford should include a total gain of $225,000 in its income statement.

That gain is the result of the difference between the carrying value of the asset (land) and the carrying value of the liability (debt note).

$425,000 - $200,000 = $225,000 as total gain

7 0

3 years ago