Answer: $23,200 as total current asset for the period
Explanation:
Note Receivable has a value $16,000
Interest on Note = 5%
Accrued for 9 months
Yearly Interest accrued = 16,000*5%*12= 9,600
Interest for 9 months = 9600/12*9 = 7,200
Balance sheet Extract
Other Income
Int Accrued on Note Receivable $7,200
Current Asset
Note Receivable $16,000
Int Accrued on Note Receivable $7,200
Total Current Asset $23,200
<span>Student loans, which are given to those in college by the federal government, are most commonly known as the loans with the small interest rates. These loans are fixed rates and will not increase overtime, they just accumulate monthly untilt he loans are paid off. </span>
Answer:
See below.
Explanation:
Journal entries to record the transaction are as follows,
Debit Computer account with $3,432
Debit Accumulated depreciation account with $18,720
Credit Truck account with $20,800
Credit Cash Account with $520
Credit profit on sale of asset with $832
This the journal entry that balances the books by targeting appropriate accounts.
Note that accumulated depreciation account has a credit balance as it is an asset reducing account.
Hope that helps.
Answer:
a. 25.37% and 13.28%
b. 1.97% and 2.07%
c. Costco
Explanation:
a. The gross margins for Walmart and Costco is shown below:
Gross margin = (Gross profit ÷ revenue) × 100
For Walmart,
= ($126.95 ÷ $500.34) × 100
= 25.37%
For Costco,
= ($17.14 ÷ $129) × 100
= 13.28%
b. The net margins for Walmart and Costco is shown below:
Gross margin = (Net profit ÷ revenue) × 100
For Walmart,
= ($9.86 ÷ $500.34) × 100
= 1.97%
For Costco,
= ($2.68 ÷ $129) × 100
= 2.07%
c. According to the net profit, the Costco has more profitable in 2017
The process by which management evaluates long-term investment decisions involving long-term operational assets is called capital investment analysis.
Companies and governmental organisations use capital investment analysis as a budgeting technique to evaluate the prospective profitability of a long-term investment. Long-term investments, such as those in fixed assets like machinery, equipment, or real estate, are evaluated using capital investment analysis. Finding the choice that can provide the maximum return on investment is the aim of this approach. Businesses may employ a variety of approaches to conduct capital investment analysis, which entails computing the cost of financing, the risk-return of the project, and the expected value of projected future cash flows from the project.
Investments in capital are risky since they entail sizable upfront costs for assets meant to last for many years and that will take a long time to pay for themselves. A capital project must meet a number of fundamental criteria, one of which is an investment return that exceeds the hurdle rate, or needed rate of return, for the firm's shareholders.
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