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3 years ago

[The following information applies to the questions displayed below.]

Business

1 answer:

Dvinal [7]3 years ago

8 0

Answer:

Allied Merchandisers

Journal Entries

Date General Journal Debit Credit

03-May Merchandise Inventory $20,000

To Cash $20,000

05-May Accounts Receivable $21,000

To Sales $21,000

05-May Cost of goods sold $15,000

To Merchandise Inventory $15,000

07-May Sales Returns and allowances $1,750

To Accounts Receivable $1,750

07-May Merchandise Inventory $1,250

To Cost of goods sold $1,250

08-May Sales Returns and allowances $300

To Accounts Receivable $300

15-May Cash $18,571

Sales Discounts $379

($18950*2%)

To Accounts receivable $18,950

($21000-$1750-$300)

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Jackpot Mining Company operates a copper mine in central Montana. The company paid $2,000,000 in 2021 for the mining site and sp

ludmilkaskok [199]

Answer:

1) total cost $3,209,909

journal entries:

copper deposit 3,209,909 debit

cash 2,800,000 credit

restoration liability 409,909 credit

Explanation:

mine deposit: 2,000,000 land

+ 800,000 extraction

+ 409,909 restoration cost

3,209,909‬ total cost

expected monetary value of the restoration cost:

$\left[\begin{array}{cccc}$Electrical&Return&Probability&Weight\\$One&500,000&0.25&125,000\\$Second&600,000&0.4&240,000\\$Third&800,000&0.35&280,000\\$Total&&1&645,000\\\end{array}\right]$

preset value of restoration cost:

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

Maturity $645,000.00

time 4.00

rate 0.12000

$\frac{645000}{(1 + 0.12)^{4} } = PV$

PV 409,909.1606

4 0

3 years ago

While we covered mergers and acquisitions in this unit, let’s turn our focus to strategic alliances. what are the three types of

vovangra [49]

The three types of strategic alliances are Joint ventures, Equity Strategic alliances, and Non-Equity Strategic alliances. The advantages and disadvantages of strategic alliances are reduced costs & risks and potential competitors respectively.

There are three types of strategic alliances. A joint venture is a corporation that was created by two parent companies. It is kept up by distributing assets and equity according to a legal contract.

When one corporation buys shares in another company, a strategic equity partnership results. An agreement to share resources without forming a separate firm or allocating equity is called a non-equity strategic partnership.

Partners may grow up quickly, create cutting-edge customer solutions, break into new markets, and pool important resources and experience through strategic alliances. And this is a game-changer in a business environment that prizes speed and creativity.

Its drawbacks include a lack of managerial engagement or equity interest, apprehension about market insulation because a local partner is present, ineffective communication, and inefficient resource allocation.

To learn more about strategic alliances refer to:

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1 year ago

A stock with a beta of 1.2 has an expected rate of return of 16%. If the market return this year turns out to be 10 percentage p

KiRa [710]

Answer:

rate of return on the stock is 4%

Explanation:

given data

stock beta = 1.2

expected rate of return = 16%

market return = 10%

to find out

rate of return on the stock

solution

we get here rate of return on the stock hat is express as

rate of return on the stock = expected rate of return - ( stock beta × market return ) ...........................1

put here value we get

rate of return on the stock = 16 % - ( 1.2 × 10% )

rate of return on the stock = 0.16 - ( 1.2 × 0.10 )

rate of return on the stock = 0.16 - 0.12

rate of return on the stock = 0.04

rate of return on the stock is 4%

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3 years ago

The Lancet, a leading medical journal, published a paper on a possible link between autism in children and the measles, mumps, r

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Answer: The correct answers are "A. The study included a large number of children who had been immunized against MMR and showed signs of autism", "D. The MMR vaccine contains themerosal, a preservative known to increase the risk of autism" and "C. The survey was conducted on a large group whose members were randomly selected ".

Explanation: Clearly, statements A, C and D are statements that if true would help to conclude that there is a cause and effect relationship between vaccines and autism since it indicates that a random (objective) sample was taken within which It includes children who have received the vaccine and had signs of autism and states that the vaccine contains a preservative that increases the risk of autism.

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2 years ago

Accrual accounting: A. results in the balance sheet showing the fair value of the entity's assets. B. is designed to match reven

satela [25.4K]

Answer:

The answer is B. is designed to match revenues and expenses.

Explanation:

Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.

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2 years ago