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3 years ago

15

A business paid $7,000 to a creditor in payment of an amount owed. the effect of the transaction on the accounting equation was

to

1 answer:

Nastasia [14]3 years ago

6 0

Credit the cash or bank account (depending on how the payment was done), then debit the creditors account

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You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales po

Nutka1998 [239]

The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.

Using this formula

Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)

Let plug in the formula

Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)

Midsized automobile price = $14,000 × -4.8/ -3.8

Midsized automobile price = $14,000 × 1.384615

Midsized automobile price = $15,230.765

Midsized automobile price =$15,230.77 (Approximately)

Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.

Learn more here:brainly.com/question/16991499

3 0

3 years ago

Southern Corporation has a capital structure of 40% debt and 60% common equity. This capital structure is expected not to change

TEA [102]

Answer

A. 9.9%

The answer and procedures of the exercise are attached in the images below.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

3 0

3 years ago

Anton [14]

Answer: Option (C) is correct.

Explanation:

It is the income of the company that is generated from the sales of goods and services or other asset or capital that is used, all of these are associated with the main operation of the companies. This is the income before any deduction of cost or expenses of the company.

Revenue is shown in the profit and loss account and to arrive at the net income then we have to subtract all the costs, charges or expenses from the revenue.

7 0

4 years ago

A global business is organized into four groups: Manufacturing, Research and Development, Finance, and Sales. This company uses

egoroff_w [7]

Answer:

Functional structure.

Explanation:

A global business is n organized set of activities that are performed by the specific set of the department and it comprises of the different groups such as the manufacturing, research and the development and the finance and sales. All these forms a set of the functional activities that are performed b the various departments.

5 0

3 years ago

The market price of a security is $70. Its expected rate of return is 12%. The risk-free rate is 7%, and the market risk premium

BartSMP [9]

Answer:So the new Market price of the security =$49.41

Explanation:

In line with the Capital Asset Pricing Model CAPM, we have that

Expected return= risk free rate+(betaXmarket risk premium)

12=7+ beta x 7

= 12-7 = beta x 7

beta = 5/7 =0.714

IF beta doubles with other variables constant

Expected return= risk free rate+(betaXmarket risk premium)

Beta= 0.714 x2 =1.4285

Expected return = 7 + 1.4285 x 7

Expected return 7+ 9.9995=16.995 ≈17%

Price = Perpertual Dividend /Expected retrn

where Current Share price =$70

Dividend = $70 x 12%= $8.4

The new Market price = Perpetual dividend/Required return

= 8.4/17% =$49.41

So the new Market price =$49.41

4 0

3 years ago