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melisa1 [442]
4 years ago
10

On january 1, 2016, wright transport sold four school busses to the elmira school district. in exchange for the buses, wright re

ceived a note requiring payment of $515,000 by elmira on december 31, 2018. the effective interest rate is 8%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.): required: 1. how much sales revenue would wright recognize on january 1, 2016, for this transaction?
Business
1 answer:
Daniel [21]4 years ago
4 0
<span>Sales revenue on January 1, 2016 would be recorded as $515,000 becasue if the amount if paid today that is the amount that would be received. For every day that follows sales revenue would be calculated by the following equation (515,000+(.08*515,000/365)</span>
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In silicon valley, california, it is not unusual for highly skilled employees to stay at one company for about three years. thes
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Answer:

Type A

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4 years ago
Identifying time lags Advocates of active policy face several obstacles when implementing discretionary fiscal or monetary polic
e-lub [12.9K]

Answer: d. Decision-making lag

Explanation:

When policy makers have identified that there is a problem that needs fixing but cannot seem to agree on the way forward, this is known as a <em>Decision - Making Lag or simply the Decision Lag.</em> It is one of the 3 specific inside Policy Lags and can be devastating due to the uncertainty of time it might take.

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4 0
4 years ago
You short sold 1,100 shares of stock at a price of $29 and an initial margin of 55 percent. If the maintenance margin is 40 perc
Margaret [11]

Answer:

No of stock = 1100

Price of Stock = 29

Short sale = 31900

Initial Margin % = 55%

Initial Margin = 17545

Total value = 49445

The earnings of the sale is 31900, which is deposited in our account for a total account value of $49,445 (31900+55%)

Maintenance Margin = 40%

Margin Call Value = 49445/ (1+0.4)

Margin Call Value = 35317.86

Price per share = 35317.86 / 1100  

Price per share = 32.11

So a margin call will be triggered when the price of the shorted security rises to $32.11

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6 0
3 years ago
The firm was organized and the initial stockholders invested cash of $780. The company borrowed $1,170 from a relative of one of
Eduardwww [97]

Answer:

Follows are the solution to this question:

Explanation:

                             Cardinal Moving Services Inc. in its Books

   Payment                  Common Journal               Dr.               Cr.

      1                            Currency Cash.                     $780        

                                    Joint Vesicles                                                 $780

                   (To Common Stock Record Problem)

     2                       Currency Cash.                            $1,170

                                 Paying notes                                                        $1,170

                     (Quantity borrowed from the relative to the record)

    3                        Material                                         $1,417

                             Currency Cash.                                                     $1,417

(to record buying of 2 mover lawns $624 each and 1 trimmer career $169)

   4                             Supplies                                    $117

                                   Currency Cash.                                                 $117  

(The buying of fuel, oil, and waste bags to Record)

  5                            Costs of ads                                $221    

                              Cashable Account                                                 $221            

(Advertising flyer for business training on behalf of To Record)

  6                              Currency Cash.                       $605    

                             Receivable Account                        $312

                                Income Service                                                       $917

(For the very first two weeks of operation, to report service revenue)

    7                             Spending on wages                   $546

                                     Currency Cash.                                                $546

          (For first two weeks, to report wage expenditure)

    8                             Supplies                                        $143

                             Currency Cash.                                                           $143

(The acquisition of gasoline, oil, and garbage bags for documentation purpose)

   9                                  Currency Cash.                         $488

                                        Receivable Account                  $708

                                          Income Service                                         $1,196

   (For the last 2 weeks of the first month, to report service revenue)

 10                                        Wages Cost                        $663

                                            Payable salaries                               $663

                  (For two weeks to report accrual wage expenses)

  11                                    Budget for supplies                    $221

                                                  Supplies                                 $221

                              (To record the cost of supplies)

  12                                          Currency Cash.                 $195

                                              Receivable Account                  $195

                           (The customer's payment to Record)

working                                    Delivery Costs

                                   Purchases for supplies [$117 + $143]   $260 

                                      Less: Hand supplies                          ($39)

                                  Expense of production                           $221

7 0
3 years ago
The PIO’s primary responsibility to organizational leadership as an advisor is to: A. Be an intermediary between leadership and
vekshin1

Answer:

Correct answer:

D. Set up interviews and write talking points

Explanation:

The PIO's primary responsibility to organizational leadership as an advisor is to assist agency leadership to ensure that the mission and goals of the agency are achieved. <em>This could be achieved through series of actions like setting up of interviews, or jotting down important points.</em>

5 0
3 years ago
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