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melisa1 [442]
3 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]3 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 constructing a common-size income statement, depreciation will be______. A. omitted since it is a noncash expense. B. express
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Answer:

B. expressed as a percentage of sales.

Explanation:

The common size income statement is the income statement where n each line the item on the income statement should be expressed as a percentage of sales

In the given options, the option B is correct as it shows that the depreciation would be expressed in sales percentage

Therefore all other options are wrong

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3 years ago
A company's beginning Work in Process inventory consisted of 37,000 units that were 90% complete with respect to direct labor. A
pychu [463]

Answer:

128,000 units

Explanation:

The calculation of the equivalent units of production using the weighted average method is given below:

= Total units of finished goods × completion percentage + ending work in process units × completion percentage

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= 128,000 units

Hence, the equivalent units of production of direct labor is 128,000 units.

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If you put money into a compound interest account with 7.2% interest rate how many years will it take to double your money?
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It would take 2 years

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2 years ago
After you open your new business is not the best time to
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SummerSnowman Industries' last dividend was $1.25. The dividend growth rate is expected to be constant at 15.0% for 3 years, aft
matrenka [14]

Answer:

$33.50

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the firm's stock price = ($1.25 x 1.15)/1.11 + ($1.25 x 1.15²)/1.11² + ($1.25 x 1.15³)/1.11³ + $40.30/1.11³ = $1.30 + $1.34 + $1.39 + $29.47 = $33.50

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3 years ago
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