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3 years ago

The stock of computers, factory buildings, and machine tools used to produce goods is known as __________.

1 answer:

8 0

The stock of computers, factory buildings, and machine tools used to produce goods is known as <span>Physical Capital. It r</span><span>efers to a factor of production (or input into the process of production), such as machinery, buildings, or computers.</span>

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3 years ago

Langston knows he can make a car payment of $400 per month for the next 5 years. What is the maximum amount he can finance witho

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Answer:

The maximum amount he can finance without exceeding his payment goal if interest rates are 3% is $160,000.

Explanation:

Assumption: There is no compounding effect as interest earned is paid as car payment and interest rate is 3% per year.

Monthly Outcome required = $400

Interest Rate = i = 3%

Number of Years = 5 years

Number of Months = 5 x 12 = 60 Months

Amount to be Finance = P = ?

Use Following formula to calculate the amount of Finance

Interest = P x ( 3% / 12 )

$400 = P x ( 0.25% )

$400 / (0.25% ) = P

P = $400 / 0.0025

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The maximum amount he can finance without exceeding his payment goal if interest rates are 3% is $160,000.

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3 years ago

Why do you need life insecure?

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3 years ago

Read 2 more answers

Matthews Company uses the percentage-of-sales method to estimate the Allowance for Doubtful Accounts. Before adjustment, the All

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The amount of the adjusting journal entry at year-end for Matthews Company, which uses the percentage-of-sales method to estimate its Allowance for Doubtful Accounts is $9,750.

<h3>What is the percentage-of-sales method?</h3>

The percentage-of-sales method is one of the methods for estimating the Allowance for Doubtful Accounts.

This method uses a predetermined percentage that is applied on the Net Credit Sales to determine the amount of the Allowance for Doubtful Accounts for the period.

<h3>Data and Calculations:</h3>

Debit balance of Allowance for Doubtful Accounts = $2,500

Net Credit Sales = $725,000

Uncollectible estimate = 1% of net credit sales

= $7,250 ($725,000 x 1%)

Bad Debts Expense $9,750 Allowance for Doubtful Accounts $9,750 ($2,500 + $7,250)

Thus, the amount of the adjusting journal entry at year-end for Matthews Company, which uses the percentage-of-sales method to estimate its Allowance for Doubtful Accounts is $9,750.

Learn more about the Allowance for Doubtful Accounts at brainly.com/question/24938115

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2 years ago

Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.60 dividend every year, in perpetuity. If thi

faltersainse [42]

Answer:

Required rate of return is 6.97%

Explanation:

The required rate of return can be ascertained from the price formula below when the subject of the formula is changed to rate of return instead of stock price:

Stock price =dividend/required rate of return

stock price is $80.40

required rate of return is unknown

the dividend on the preferred stock is $5.60

required rate of return=dividend/stock price

required rate of return =$5.60/$80.40=6.97%

The required rate of return based on the stock price and dividend information provided is 6.97%

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4 years ago