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3 years ago

The following transactions occur for the Panther Detective Agency during the month of July:

Business

1 answer:

My name is Ann [436]3 years ago

6 0

Answer:

The question is incomplete find the complete question below;

The following transactions occur for the Panther Detective Agency during the month of July. a....

Question:

The following transactions occur for the Panther Detective Agency during the month of July.

a. Purchase a truck and sign a note payable, $14,100.

b. Purchase office supplies for cash, $510

c. Pay $710 in rent for the current month.

Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense.

Purchase of truck

DR Equipment $14,100

CR Notes Payable $14,100

Office supplies

DR Office supllies $510

CR Cash $510

Rent

DR Rent expense $710

CR Cash $710

Explanation:

I have summarized the above transactions by a way of journal entries above,pay particular attention to the accounting headings used as stated in revised question.

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The engineer's real income today in terms of constant 1950 dollars is $14,400.

<h3>What is the real income?</h3>

Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.

Real income = nominal income - inflation

Inflation = (1 + 6.6) x $6000 = $45,600

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. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borr

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Answer:

6.04%

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The weighted average cost of capital (WACC) can be described as the average rate that is expected that a business will pay to finance its assets to all holders of its security.

The weighted average cost of capital (WACC) can be estimated as the summation of the products of the weight of each loan in the total loan and their interest rate for this question as follows:

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Weight of loan from Wendy = $1,823 / $4,000 = 0.46, or 46%

Weight of loan from Bebe = $1,533 / $4,000 = 0.38, or 38%

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Weighted average cost of capital = (46% * 4%) + (38% * 6%) + (16% * 12%) = 6.04%.

Therefore, the weighted average cost of capital for Eric is 6.04%.

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The average fixed cost curve a. always declines with increased levels of output. b. always rises with increased levels of output

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