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stiks02 [169]
3 years ago
11

You are trying to save up for a spa package that costs $300. After looking at your paycheck, you decide that you will be able to

set aside $50 a week for the next 6 weeks. Knowing this information, you call the spa to make a reservation for this package for 2 months from now. Which type of goal does this situation best describe?a. Immediateb. Long termc. Short termd. Unrealistic
Business
2 answers:
Papessa [141]3 years ago
7 0

Answer:

C is your answer.

OlgaM077 [116]3 years ago
4 0

Answer:

Short term

Explanation:

A short term goal is a mission that one wishes to accomplish in the immediate future. In general, short goals are achieved within one year. Plans or objectives that are set to be fulfilled within one year or less are short-term goals.  Another example of a short term goal is the purchase of household furniture.

The spa package budget will be achieved in six weeks, thereby qualifying as a short term goal. Long-term goals contrast short term goals as they take longer than one year to achieve.

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In 1 or 2 sentences, define an externality and explain how the government makes companies take responsibility for negative exter
tamaranim1 [39]

In economics an externality is the cost or benefit that affects someone who did not choose this. It is the true cost of a product that can be both positive or negative. Pollution can be an example of this. An educated labor force producing more is a positive example of this. The government rewards positive externality and punishes negative externality. Rewards can be surpluses and taxes can be punishments.

7 0
3 years ago
Deal Leasing leased equipment to Hand Company on January 1, 2021. The leased equipment's book value is $420,000 with no estimate
anygoal [31]

Answer:

The requirements are missing, so I looked for a similar question. This is a financial lease since the PV of the lease payments represents 97% of the asset's value.

January 1, 2021, equipment leased from Deal leasing

Dr Right of use asset 405,541.20

    Cr Lease liability 405,541.20

the right of use asset = PV of lease payments = $60,000 x 6.75902 (PV annuity due, 10%, 10 periods) = $405,541.20

January 1, 2021, first lease payment

Dr Lease liability 60,000

    Cr Cash 60,000

December 31, 2021, depreciation expense on leased asset

Dr Depreciation expense 40,554.12

    Cr Accumulated depreciation 40,554.12

depreciation expense = $405,541.20 / 10 = $40,554.12

December 31, 2021, interest expense on asset lease

Dr Interest expense 34,554.12

    Cr Interest payable 34,554.12

interest expense = ($405,541.20 - $60,000) x 10% = $34,554.12

5 0
3 years ago
On January 1, Collins Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31, the company declare
mash [69]

Answer:

Total Stockholders' equity was affected.

Explanation:

Stock dividend refers to distributing shares free of cost among the existing shareholders. Such a dividend does not result in resources flowing out of the entity but merely reassign amounts from retained earnings to other equity accounts. Thus, such a dividend does not affect the total equity of the stockholders. This can be seen through the following entry,

Retained Earnings     $1,800,000 Dr

      Common Stock, at par      $1,200,000 Cr

      Paid in Capital in excess

      of par, Common Stock      $600,000 Cr

The above transaction shows that we just redistributed the reserves by reducing retained earning by the value of stock dividend 1800000 [( 800000*0.15) * $15]  and adding it to the Common Stock 1200000 [(800000*0.15) * 10] and to paid in capital in excess of par 600000 [(800000*0.15) * 5].

6 0
3 years ago
Low Fly Airline is expected to pay a dividend of $7 in the coming year. Dividends are expected to grow at the rate of 15% per ye
Bond [772]

Answer:

Intrinsic value of the stock = $46.67

Explanation:

D1 = $7

Required return = 30%

Growth rate = 15%

Intrinsic value of the stock = D1 / (Required return - Growth rate)

Intrinsic value of the stock = $7/(0.3 - 0.15)

Intrinsic value of the stock =  $7 / 0.15

Intrinsic value of the stock = $46.67

4 0
3 years ago
A company issues $60,000 of 6%, 5-year bonds dated January 1 that pay interest semiannually on June 30 and December 31 each year
bekas [8.4K]

Answer:

Decrease, $2,000

Explanation:

The premium on bonds payable will <u>decrease </u>total interest expense recognized over the life of the bond by <u>$2,000</u>. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.

6 0
2 years ago
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