Answer:
Please see the explanation
Explanation:
Sales budget for the 4 quarters of the first year is given as follows:
Quarter 1 sales=120,000*$20=$2,400,000
Since there is 7% increase in each subsequent quarter, therefore the sales for the subsequent quarters of year 1 shall be calculated as follows:
Quarter 2 sales=$2,400,000*1.07=$2,568,000
Quarter 3 sales=$2,568,000*1.07=$2,747,760
Quarter 4 sales=$2,747,760*1.07=$2,940,103.2
Answer: Yes contract has been formed.
Explanation: According to the Uniform Electronic Transaction Act (UETA), electronic transactions are just as binding as transactions made on hardcopy documents. Moreover signatures made electronically reinforces the validity of these elctronic documents.
In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.
Answer:
consolidated income statemnt interest expense: 14,500
net long-term debt consolidaded: 232,500
Explanation:
Jay thinks the long-term debt carries a discount.
Which makes the fair value 20,000 less, thus increasing hte interest expense.
amortization on discount: 20,000 / 8 = 2,500
interest expense in the consolidated statement:
12,000 + 2,500 = 14,500
adjusted balance ofthe discount: 20,00 - 2,500 = 17,500
long term debt: 250,000
discount on debt<u> 17,500 </u>
net 232,500
Answer:
$395833
Explanation:
Calculation to determine How much money is the firm considering borrowing if the interest rate is 8 percent
Amount to borrowed=(95000 / 75000) = [95000 – (X * 0.08)] / 50000
Amount to borrowed=1.26 = [95000 – (X * 0.08)] / 50000
Amount to borrowed=63333.33 = 95000 – (X * 0.08)
Amount to borrowed=31666.65 = X * 0.08
Amount to borrowed=X=31666.65/0.08
Amount to borrowed=$395833.33
Therefore How much money is the firm considering borrowing if the interest rate is 8 percent will be $395833
Someone earning $10,000 a year will pay the most as a percentage of income under a regressive tax. =)
