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3 years ago

The Candle Shop experienced the following events during its first year of operations, Year1

Business

1 answer:

zhenek [66]3 years ago

3 0

Answer:

a) 1. Acquired cash by issuing common stock ⇒ Asset Source

2. Paid a cash dividend to the stockholders ⇒ Asset Use

3. Paid cash for operating expenses ⇒ Asset Use

4. Borrowed cash from a bank ⇒ Asset Source

5. Provided services and collected cash ⇒ Asset Source

6. Purchased land with cash ⇒ Asset Exchange

7. Determined that the market value of the land is higher than the historical cost ⇒ Not applicable

b) I used an excel spreadsheet because there is not enough room here.

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An investment of $1 each in two different securities led to a value of $11 (Security A) and $16 (Security B), respectively, afte

jonny [76]

Answer:

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

Security A : 11 = 1( 1 + r)^15

11^(1/15) = 1( 1 + r)

1.173 = 1 + r

r = 1.173 - 1

r = 17.33%

Security A : 16 = 1( 1 + r)^15

16^(1/15) = 1( 1 + r)

1.20 = 1 + r

r = 1.2 - 1

r = 0.2

r = 20%

Security B earned a higher average annual rate of return as 20% is greater than 17.33%

3 0

3 years ago

Insurance is the way a person or business is protected from :

nevsk [136]

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

3 0

2 years ago

Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2

viva [34]

Answer:

a. 863

Explanation:

Calculation for the order quantity

Order quantity = 75 x (10 + 2) + (1.64 x 8) - 50

Order quantity = (75 x 12) + (1.64 x 8) - 50

Order quantity= 900 + 13.12 - 50

Order quantity= 863.12

Order quantity = 863

Therefore the Order quantity will be 863

8 0

3 years ago

What is the most important function of a leader within an organization

Vitek1552 [10]

Answer:

Leadership is the action of leading people in an organization towards achieving goals. Leaders do this by influencing employee behaviors in several ways. A leader sets a clear vision for the organization, motivates employees, guides employees through the work process and builds morale.

Explanation:

7 0

3 years ago

Q 10.7: Melbee Farms is considering purchasing a new combine that would help them finish their harvesting faster, thus allowing

LUCKY_DIMON [66]

Answer:

Discounted payback period= 3 years 1 month

Explanation:

The discounted payback period is the estimated length of time in years it takes the present value of net cash inflow from a project to equate the net cash the initial cost

To work out the discounted payback period, we will compute present value of the cash inflow and then determine how long it will take for the sum to be equal to the initial cost. This is done as follows:

Year Cash flow DF Present value

0 487,000 × 1 = (487,000)

1 157,000 × 1.07^(-1) = 146,729.0

2 182,000 × 1.07^(-2) = 158965.8

3 202,000 × 1.07^(-3) = 164,892.2

4 213,000 × 1.07^(-4) =162,496.7

Total PV for 2 years = 146729 +158965+164892= 470587.0

Balance of cash flow remaining to equal = 487,000-470587 = 16413.0

Discounted payback period = 3 years + 16413.0 /162,496.7 × 12 months

= 3year , 1.2months

Discounted payback period= 3 years 1 month

5 0

3 years ago