Answer:
For X-Men, the Sales Discount should be recorded at the estimated discount amount that will be taken by the X-Men's customers, which is calculated as: $1,000 * 2% = $20.
The adjusting for sales discount X-Men should be recorded as followed:
Dr Sales Discount 20
Cr Allowance for Sales Discount 20
( to record the estimated sales discount taken)
in which, Sales Discount is a contra-revenue account which helps to record the Net Sales amount from the Gross Sales amount.
Explanation:
Answer:
6.442%
Explanation:
Given:
Amount borrowed from Wendy = $1,227
Charges on loan by Wendy = 4% = 0.04
Amount borrowed from Bebe = $1,143
Charges on loan by Bebe = 6% = 0.06
Amount borrowed from Shelly= $630
Charges on loan by Shelly = 12% = 0.12
Now,
Total cost of capital = $1,227 + $1,143 + $630 = $3,000
Weight of Wendy =
=
= 0.409
Weight of Bebe =
=
= 0.381
Weight of Shelly=
=
= 0.21
The weighted average cost of capital for Eric
= ∑ (weight × cost)
= 0.409 × 0.04 + 0.381 × 0.06 + 0.21 × 0.12
= 0.01636 + 0.02286 + 0.0252
= 0.06442
or
= 0.06442 × 100% = 6.442%
Answer:
Explanation:
The direct cost is the cost that is directly related to production. The example is direct material cost, direct labor cost, etc whereas the indirect cost is the cost that is not directly related to the production. It is also known as overhead cost only records all indirect cost i.e depreciation on equipment of factory, property taxes, etc
Based on this, the classification is as follows
1 The wages of pediatric nurses / The pediatric department = Direct cost (D)
2 Prescription drugs / A particular patient = Direct cost (D)
3 Heating the hospital / The pediatric patient = Indirect cost (D)
4 The salary of the head of pediatrics / The pediatric patient = Direct cost (D)
5 The salary of the head of pediatrics / The particular pediatric patient = Indirect cost (D)
6 Hospital chaplain's salary / A particular patient = Indirect cost (D)
7 Lab tests by outside contractor / A particular patient = Direct cost (D)
8 Lab tests by outside contractor / A particular department = Direct cost (D)
Answer:
The correct answer is letter "A": Option contract.
Explanation:
An option contract gives a buyer the right but not the obligation to purchase an asset at a certain price -usually fixed- and date. The term is mostly used while talking about stocks. A buyer can profit both from the upward and downward movements of the stock price. If the price goes up, the investor could bet on call options while the decreasing price could allow investors to profit from put options.
<em>Lucas's case reflects an option contract because he is planning to purchase a house from Janet at a price and date in the future but he agreed in not having the obligation to buy the house when that date arrives.</em>
Answer:
D. identifying new ways for people to fulfill their wants and needs
Explanation:
Entrepreneurs start new businesses in society. They are quick to spot and identify needs and wants in the market. Entrepreneurs establish businesses to provide solutions to these needs and want at a profit.
Entrepreneurs use their creativity to come up with new and unique products that offer solutions to society's problems. They innovate better products and ways of offering services that are friendly and more cost-effective. Entrepreneurship goes hand-in-hand with creativity and innovation.