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3 years ago

Describe the gas station and its immediate surroundings.

1 answer:

vladimir1956 [14]3 years ago

3 0

The very first thing that should be considered when it comes to the location of the gasoline station is its accessibility to the consumers. As a general guideline, it should be located approximately 500 ft from any public institution including churches, malls, schools, etc.

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Q 10.25: Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000,

Shtirlitz [24]

Answer:

Entry is given below

Explanation:

As Givens brick company is paying off the liability of note payable and the interest amount therefore, it will be debited as it is a decrease in liability. Cash will be credited as it is our asset and its decreasing.

Entry DEBIT CREDIT

Notes payable $600,000

Interest $36,000(w)

Cash $636,000

Working

Interest = $600,000 x 8% x9/12

Interest = $36,000

7 0

3 years ago

Two years from now, your mother will receive the first of three annual payments of $20,000 from a small business project. If she

Zarrin [17]

Answer:

i think FV(10) is 110,000.

Explanation:

Suppose today is 1/1/2000, two years from now, ur mom will get the first payment in 2002, and then the second is 2003, and the last is in 2004. U can calculate those number to bring it back to 2000, so u can calculate PV= 46,446 .Then, from 2004, ur mom plans to retire six years later from 2004, which means,2010 (she will begin retire in 2010, last day of 2009, 31/12/2009). Then u will calculate the FV= PV.(1+9%)^10= 110,000

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3 years ago

Presented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with ter

Advocard [28]

Answer:

A journal is provided as an attachment to record the entries for Perez Computers.

Explanation:

The gross method of cash discounts assumes that the customer will not take advantage of the offered discount. It therefore records the sale in full without netting off the discount element. This was done in the answer.

When Robertson paid within 10 days, the 3% cash discount was allowed since payment was received within the terms of 15 days.

For The Clark Store, there was no discount because payment was received later than the allowed 10 days.

Download xlsx

4 0

3 years ago

Anna employs Mark to purchase for her a suitable site for a roller rink. Mark owns a huge site himself and sells it to Anna at f

mylen [45]

Answer:

Fiduciary

Explanation:

A fiduciary is a person that is appointed to protect the interests of his principal.

He should ensure that all transactions favor his principal maximally. It also entails full disclosure.

In this case, Mark was going to be the beneficiary of the sale. Even if the site was sold at fair market value, Mark has responsibility to fully disclose the source of the transaction to Anna.

Conflict of duty is when the fiduciary benefits from his position. This is not allowed.

8 0

3 years ago

Jacko Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0 =

Valentin [98]

Answer:

Jacko Inc Costo fo Capitak8.15%

Explanation:

From the gordon model for stock valuation

$\frac{divends}{return-growth} = Intrinsic \: Value$