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3 years ago

Larger vehicles tend to have longer stopping distances than other vehicles because ____

1 answer:

3 0

Larger vehicles tend to have longer stopping distances than other vehicles because they weigh more. Vehicles that way more take more time to slow down when traveling at the same speed as a vehicle that weighs less. For this reason, they take more time to slow down and need a larger stopping distance.

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Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay 1/3 of the sales price of a jet ski whe

vladimir1956 [14]

Answer:

1) In 2010, Lake would recognize realized gross profit of:______.

a) $0.

Revenue for calculating gross profit is only recognized when the cost of goods sold (COGS) has been fully recovered.

2) In 2012, Lake would recognize a realized gross profit of:_______.

c) $450,000.

gross profit related to 2010 sales = $900,000 - $450,000 (remaining COGS) = $450,000

gross profit related to 2011 sales = $900,000 - $900,000 = $0

3) In 2013, Lake would record a lost on repossessions of:______.

c) $200,000.

4) In its December 31, 2011, balance sheet, Lake would report:_______.

b) installment receivables (net) of $900,000.

total installments receivables = $300,000 + $1,000,000 = $1,300,000

remaining COGS from 2011 sales = $400,000

installment receivables (net) = $1,300,000 - $400,000 = $900,000

7 0

4 years ago

Sup? fjdnvjkrbnvrenirej

ludmilkaskok [199]

Answer:

Haha, Lol Thanks for free points!

3 0

4 years ago

The normal balance of an account: a. falls on the side where decreases are recorded. b. falls on the side where increases are re

galben [10]

The normal balance of an account falls on the side where it does not go i don't b falls on the side where increases are recorded

5 0

4 years ago

The shareholders' equity of Red Corporation includes $230,000 of $1 par common stock and $430,000 par of 7% cumulative preferred

Sever21 [200]

Answer:

$15,800

Explanation:

Preferred stockholders has an advantage that they are paid first when there is any dividend is announced. The residual dividend will be divided into the common stockholders. Any prior years due dividend and current years dividend associated with preferred share will be paid first.

Dividend on preferred shares = $430,000 x 7% = $30,100 per year

2019

Dividend Declared = $43,000

Dividend to common shareholders = $43,000 - $30,100 = $12,900

2020

Dividend Declared = $23,000

Residual Preferred Dividend = $30,100 - $23,000 = $7,100

It will be carried forward to next year and will be deducted form future dividend

2021

Dividend Declared = $53,000

Dividend to common shareholders = $53,000 - $30,100 -7,100 = $15,800

5 0

4 years ago

Diaz Company issued $180,000 face value of bonds on January 1, 2018. The bonds had a 7 percent stated rate of interest and a fiv

Akimi4 [234]

Answer:

Issuance:

Balance sheet:

Assets and liabilities increase y 198,000

Net Income: no effect

Cash flow: financing activities: 198,000

1st payment

The interest expense will be the sum of both, the cash proceeds and the discount amortization.

13,860 + 792 = 14,652 interest expense

Balance sheet:

Assets decrease by 13,860 (cash)

Liabilities increase by 792 (as the carrying value of the bon increase)

Net Income: 14,652 interest expense

Cash flow: financing activities: (13,860)

Carrying value

194,040 + 792 = 194,832

Interest expense 2019:

same as before as we use striagh line method:

cash proceeds + amortization

13,860 + 792 = 14,652 interest expense

Explanation:

face value 198,000

proceeds 194,040

discount on bonds payable 3,960

amortization:

3,960 / 5 = 792

cash proceeds: 198,000 x 0.07 = 13,860

4 0

4 years ago