Answer:
All the statements are correct.
Explanation:
A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.
B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.
C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.
Answer:
Sales Revenue = 441,000
COGS 4,900 x 38 = 186,000
Gross Profit 254.800
Selling variable 4,900 x 2 = 9,800
Selling and administrative 65,200
Net Income 179,800
Explanation:
Sales
4,900 x 90
COGS
Fixed 78,000/6,000 = 13
Variables 25
Unit cost 38
4,900 x 38 = 186,200
Selling variable
4,900 x 2 = 9800
Answer:
Dr. Allowance for Doubtful Accounts $7,400
Cr. Accounts Receivable $7,400
Explanation:
A write off eliminates the account receivable balance. It is recorded as the debit to Allowance for Doubtful Accounts because of its credit nature. It reduces the balance of the allowance use it for actual write off. On the other hand it credit the account receivable balance to reduce it as it is debit in nature.
Answer:
At a premium to the face amount
Explanation:
The bond has a higher coupon rate compared to its market interest of 5%, hence, the bond would be issued at a premium, in other words, the proceeds from the bond issuance would be more than the face amount of $200,000 as shown below using a financial calculator bearing in mind that the calculator would be set to its default end mode before making the following inputs:
N=20(let us assume it has 20 years to maturity and pays a coupon annually)
PMT=12000 (annual coupon=face value*coupon rate=$200,000*6%=$12,000)
I/Y=5(market interest rate without the % sign)
FV=200000
CPT
PV=$224,924.42($24,924.42 premium)
