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mash [69]
2 years ago
10

A study conducted by at&t and stanford university found that the top predictor of success and professional upward mobility w

as
Business
1 answer:
Oliga [24]2 years ago
7 0
<span>public speaking ability.</span>
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What type of degree can you earn from a community college?
nadya68 [22]

Answer:

associate's degree

Explanation:

most community colleges offer an associate's ddgree

6 0
3 years ago
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Arctic Cat sold Seneca Motor Sports a shipment of snowmobiles. The snowmobiles were delivered on January 1, 2021, and Arctic rec
WITCHER [35]

Answer:

Assume the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

    Cr Sales revenue 36,759.26

   Cr Discount on notes receivable 2,940.74

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume the same facts as in requirement 1, and prepare the journal entry for Arctic to record collection of the payment on December 31, 2021.

Dr Cash 39,700

    Cr Notes receivable 36,759.26

    Cr Interest revenue 2,940.74

Assume instead that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2022. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

   Cr Sales revenue 34,036.35

   Cr Discount on notes receivable 5,663.65

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume instead that Arctic does not view the time value of money component of this arrangement to be significant, and that the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 33,900

    Cr Sales revenue 33,900

Explanation:

Non interest bearing notes must be recorded at present value, so we need to determine the present value of the payment:

Payment due December 21, 2021, PV = $39,700 / (1 + 8%) = $36,759.26

Payment due December 21, 2022, PV = $39,700 / (1 + 8%)² = $34,036.35

We use the discount on notes receivable account (contra asset account) to decrease the net value of notes receivable.

8 0
3 years ago
Assume today’s settlement price on a CME EUR futures contract is $1.3140/EUR. You have a short position in one contract. Your pe
butalik [34]

Answer:

$1,875; $1,787.50; $2,837.50

$562.50

Explanation:

Initial balance in account = $1700 and 125,000 EUR is the contractual size of one EUR at a price of $1.3140

Day 1 : $1.3126

Closing price = (1.3140-1.3126)(125,000)

                     = $175;

Current balance = 1700 + 175

                            = $1,875

Day 2 : $1.3133

Closing price. = (1.3126 - 1.3133)(125,000)

                      = $87.50.

Current balance = 1875 - 87.50

                           = $1787.50 (Deduct in balance due to loss)

Day 3 : $1.3049

Closing price = (1.3133 - 1.3049)(125,000)

                      = $1050.

Current balance = 1787.50 + 1050

                           = $2837.50

Long position in future contract:

= 1700 + (1.3126 - 1.3140) + (1.3133 - 1.3126) + (1.3049 - 1.3133) × EUR 125,000

= $562.50

To bring back up to the initial performance bond level - we can experience a margin call requesting for additional funds be added to your performance bond account.

5 0
3 years ago
Mateo gets an email from an address he doesn't recognize asking him to send money. It is a young student who is stranded oversea
Soloha48 [4]
No, most likely it’s a scam. People like to scam people to get money now a days. It’s just a way for “easy” money for people who are desperate!
7 0
2 years ago
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Phân biệt triết lý bán hàng và triết lý Marketing
Rom4ik [11]

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I don't understand the language

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