Answer:
Sales Revenue $811,419
Interest Revenue $12,690
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expense $31,877
Dividends $18,984.
<u>Year end Closing Entries</u> Dr. Cr.
1.
Sales revenue $811,419
Interest revenue $12,690
Income Summary $824,109
2.
Income Summary $797,310
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expenses $31,877
3.
Income Summary $26,799
Retained Earning $26,799
4.
Retained Earning $12,690
Dividend $824,109
Answer:
4.96%
Explanation:
In order to determine the component after-tax cost of debt first we need to compute the before tax cost of debt by applying the RATE formula which is to be shown in the attachment below:
Given that,
Present value = $1,155
Future value or Face value = $1,000
PMT = 1,000 × 8.25% ÷ 2 = $41.25
NPER = 40 years × 2 = 80 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula
1. The pretax cost of debt is 3.54% × 2 = 7.08%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 7.08% × ( 1 - 0.30)
= 4.96%
Answer:
Compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
Explanation:
If the tables are sold now, they would cost $305000. If an additional $315000 is spent to refinish the table, the table would the be sold for $605000, that means there would be an additional revenue of $300000 ($605000 - $305000). The company are already operating at a loss as a result of improperly finishing the table. In deciding whether to rework the tables or sell them, the company should compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
The inability of poor workers to be able to use public transportation to and from their jobs is called :<u> poor worker's temporal mismatch.</u>
<h3>What is Poor Worker's Temporal Mismatch?</h3>
The fact that these individuals are on the job during evening and weekend shifts when local transportation is either less or not operative.
Temporal Mismatch Is occurs when workers who depend on traditional transit lack access to potential job locations. This affects them mostly at off peak times. There is an immense conflict between job start times and the socio-demographic factor. An increase in temporal mismatch is an obstacle for workers who have little access to job opportunities.
Many jobs are found in the periphery and not in the hub of urban areas. Suburbs have become a home for a majority of jobs. Temporal Mismatch is common in cities with a developed urban core. Some jobs require workers to go to job or even work at night when there is no readily available transportation.
Learn more about Public Transportation on:
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Answer:
$191,000.00
Explanation:
The cash amount of cash collected from customers is the amount of sales revenue in the year 2018 adjusted for changes in accounts receivable balances as shown by the formula below:
cash collected from customers=sales revenue+begining accounts receivable-ending accounts receivable
sales revenue=$202,000
the begining accounts receivable=$16,500
the ending accounts receivable=$27,500
It is expected that cash received would be sales less the increase in accounts receivable
cash collected from customers=$202,000+$16,500-$27,500
cash collected from customers=$191,000.00
