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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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Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of

miss Akunina [59]

Answer:

19.05%

Explanation:

the approximate yield to maturity (YTM) formula is:

approximate YTM = {C + [(FV - PV) / n]} / [(FV + PV) / 2]

C = coupon payment = $130
FV = face value or value at maturity = $1,000
PV = present value or current market value = $690
n = 10 years

approximate YTM = {$130 + [($1,000 - $690) / 10]} / [($1,000 + $690) / 2] = ($130 + $31) / $845 = $161 / $845 = 0.1905 or 19.05%

8 0

3 years ago

General cognitive ability is similar to which of the five leadership traits in this text

stellarik [79]

Answer:

<u>Intelligence.</u>

Explanation:

General cognitive ability is a variable developed in psychometric studies of human intelligence and ability. That is, it is the ability to differentiate individuals according to their mental abilities. Individual mental capacity can be measured in a variety of ways through cognitive tasks or tests, which tend to be comparable to one's performance with other cognitive tasks. The purpose of factor G is to obtain a specific measure of overall intelligence.

5 0

3 years ago

During 2021, Terps Company issued 800,000 coupons which entitles the customer to a $5.00 cash refund when the coupon is submitte

11Alexandr11 [23.1K]

Answer:

$1,050,000

Explanation:

Calculation to determine what the company should report as a liability for unredeemed coupons

Liability for unredeemed coupons =($800,000 x 0.70 ) - $350,000 ) x $5.00

Liability for unredeemed coupons=($560,000-$350,000)×$5.00

Liability for unredeemed coupons=$210,000x $5.00

Liability for unredeemed coupons=$1,050,000

Therefore At December 31, 2021, the company should report a liability for unredeemed coupons of:$1,050,000

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3 years ago

Suppose that when Sue’s disposable income is $10,000, she spends $8,000, and when her disposable income is $20,000, she spends $

soldier1979 [14.2K]

Answer:

The correct answer is: 2,000; 0.4

Explanation:

We can write the initial consumption function as,

C = a + bY

8,000 = a + 10,000b

a = 8,000 - 10,000b

The new consumption function is,

14,000 = a + 20,000b

Putting value of a in this function

14,000 = 8,000 - 10,000b + 20,000b

14,000 - 8,000 = 10,000b

b = $\frac{6,000}{10,000}$

b = 0.6

Putting the value of b in the initial function,

8,000 = a + 10,000 $\times$ 0.6

a = 8,000 - 6,000

a = $2,000

The marginal propensity to consume or b is 0.6.

The marginal propensity to save will be

= 1 - 0.6

= 0.4

7 0

3 years ago

A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 . What is the net impact on reta

egoroff_w [7]

A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 .

c. An increase of $ 150,000 is the net impact on retained earnings is the correct option.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

For most people, income means gross income in the form of wages and salaries, return on investment, pension payments, and other income.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example of income is an annual salary of $70,000.

Learn more about income here:brainly.com/question/25745683
#SPJ4

7 0

2 years ago