Answer:
Explanation:
Sales: 850,000
Variable Cost: (850,000*60%) = <u>510,000</u>
Contribution Margin = 850k-510k= <em>340,000</em>
Fixed cost = 174,000
Depreciation = <u>75,000</u>
Earnings Before Taxes = <em>91,000</em>
Taxes (30%) = <u> (27,300)</u>
<h3>Net Income <u>
63,700</u></h3>
Answer:
The journal entries are as follows:
(i) On June 1,
Cash A/c Dr. $5,890
To Owner's capital $5,890
(To record the issue of common stock)
(ii) On June 2,
Equipment A/c Dr. $1,240
To Accounts payable $1,240
(To record the purchase of equipment on account)
(iii) On June 3,
Rent Expense A/c Dr. $670
To cash $670
(To record the payment of rent)
(iv) On June 12,
Account receivable A/c Dr. $880
To service revenue $880
(To record the service provided on account)
Answer: a) 0.5%
Explanation:
The real interest rate is simply the nominal interest rate adjusted for inflation.
Real interest rate = Nominal rate - Inflation
= 2.5 - 2
= 0.5%
Answer:
$1,586.87
Explanation:
Rate (I/Y) = 8.00%
Period (N) = 6
Amount (PV) = 1000
PMT = 80
Annual compounding type
Using the MSExcel function to solve for FV.
Future value = FV(Rate, Nper, Pmt, -Pv, 0)
Future value = FV(8%, 6, 80, 1000, 0)
Future value = $1586.87432294
Future value = $1,586.87
So, the value of the certificate when it matures will be $1,586.87.
Answer: True - Corporate values
Explanation:
The corporate values is one of the fundamental core values of the company that basically support the main aim of an organization and it also manage the values, principle, culture and also beliefs of the employees in the company.
The main objective of the corporate values is to guiding the basic principle in an organization that helps in maintaining the relationship with the consumers.
According to the given question, the famous economist Friedman handles all the responsibility of the company for the purpose of increase the growth and the productivity of an organization by maintaining the corporate values.
Therefore, Corporate values is the correct answer.