All categories

2 years ago

What entry would blue make to record the sale of the machine for $30,250 cash?

1 answer:

6 0

An increase in cash would definitely placed in debit because it considered an asset and we need to place the increase of sales on the credit side.
So, in this case, the entry would be

Cash $ 30,250
Sales $ 30.250

You might be interested in

Knollcrest Corporation has a cumulative book loss over the past 36 months. Which of the following statements best describes how

ziro4ka [17]

It would be 60 months

6 0

2 years ago

Structural unemployment is sometimes said to result from a mismatch between the job skills that employers want and the job skill

Liono4ka [1.6K]

Answer:

False

Explanation:

Due to the fact that the same amount of training is needed in each of the industries, wages would be the same. If wages were higher in the air craft industry, their would be an excess supply of labour in the airline industry. This would pull the wages in the airline industry down until the same wages are earned in both industries

8 0

3 years ago

How can you reach the best version of yourself?

forsale [732]

Answer:

A and B

Explanation:

Unless you can choose B by itself then go with A and B.

4 0

2 years ago

Read 2 more answers

Crane Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $

guajiro [1.7K]

Answer:

See below

Explanation:

Crane corporation

Ending inventory

2019 $1,120,000

2020 $1,271,000/1.08 = $1,176,852

Ending inventory [$1,120,000+ (1,176,852 - $1,120,000)× 1.08]

= [$1,120,000 + $61,400]

= $1,181,400

2021 $1,417,000/1.26 = $1,124,603

2022 $1,623,000/1.31 = $1,238,931

Ending inventory [$1,124,603 + ($114,328 × 1.31)]

= $1,124,603 + $149,770

= $1,274,373

Therefore, the cost of the ending inventory at December 31, 2020 under dollar value LIFO would be $1,274,373

5 0

2 years ago

An annual has 15 years to maturity. It has a coupon rate of 5%, a YTM of 8%. Fill in the cells highlighted in yellow, and aswer

grin007 [14]

Answer:

Market value at 8% YTM $ 743.2156

at 10% YTM $ 619.6960

Explanation:

Assuming the face value is 1,000 as common outstanding American company's bonds:

Market value under the current scenario:

Present value of the coupon payment:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Coupon: $1,000 x 5% = 50

time 15 years

rate 0.08

$50 \times \frac{1-(1+0.08)^{-15} }{0.08} = PV\\$

PV $427.9739

Present Value of the Maturity

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 15.00

rate 0.08

$\frac{1000}{(1 + 0.08)^{15} } = PV$

PV 315.24

PV c $427.9739

PV m $315.2417

Total $743.2156

If the interest rate in the market increaseby 2% then investor will only trade the bonds to get a yield 2% higher that is 10% so we recalculate the new price:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 50.000

time 15

rate 0.1

$50 \times \frac{1-(1+0.1)^{-15} }{0.1} = PV\\$

PV $380.3040

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 15.00

rate 0.1

$\frac{1000}{(1 + 0.1)^{15} } = PV$

PV 239.39

PV c $380.3040

PV m $239.3920

Total $619.6960

Giving a lower price than before

3 0

2 years ago