Ed Sloan bought a new Explorer for $22,000. He put down $7,000 and paid $290 for 60 months. The total finance charge to Ed is:

When you ask the controller to look into federal reimbursements to see if he can find the cause of the reduction, how might he r

Ratling [72]

Answer:

Federal reimbursements are not part of the revenue cycle, the problem lies in revenue.

The problem lies in revenue so its possible that charges are not being generated.

Explanation:

Federal reimbursements are not revenue. These reimbursements are treated separately other than revenue. The charges are not generated because federal funds are not part of revenue cycle.

7 0

3 years ago

7. You own a portfolio that has $1,750 invested in Stock A and $3,950 invested in Stock B. If the expected returns on these stoc

I am Lyosha [343]

Answer:

12.46%

Explanation:

Data provided:

Amount invested in Stock A = $1,750

Amount invested in stock B = $3,950

Expected rate of return on stock A = 9%

Expected rate of return on stock B = 14%

Thus,

Expected amount of return on stock A

= Amount invested in Stock A × Expected rate of return on stock A

on substituting the respective values, we have

= $1,750 × 0.09 = $157.5

and,

Expected amount of return on stock B

= Amount invested in Stock B × Expected rate of return on stock B

on substituting the respective values, we have

= $3,950 × 0.14 = $553

Therefore, the total expected return from both the stocks = $157.5 + $553

= $710.5

Now,

the total amount invested = $1,750 + $3,950 = $5700

Hence, the expected rate of return on the portfolio

= $\frac{\textup{Total expected retun}}{\textup{Total amount invested}}\times100$

on substituting the values, we get

= $\frac{710.5}}{5700}\times100$

the expected rate of return on the portfolio = 12.46%

7 0

3 years ago

Potatoes cost Janice $1.00 per pound, and she has $6.00 that she could possibly spend on potatoes or other items. Suppose she fe

Minchanka [31]

Answer:

a. How many pounds of potatoes will she purchase?

3 pounds

Janice will purchase potatoes as long as the value she assigns to them is higher than the price of potatoes. She values the first 3 pounds at more than $1 per pound. But Janice only values the subsequent pounds of potatoes at $0.30 per pound and that is lower than their price.

b. What if she only had $3.00 to spend?

she would still buy the 3 pounds

5 0

3 years ago

Chiasso Co. reported a retained earnings balance of $200,000 at December 31, 2020. In September 2021, Chiasso determined that in

Luden [163]

Answer:

$215,000

Explanation:

Retained Earning is an equity account and its balance is credit in nature. It is the accumulated balance of all the prior year's income / losses after paying all the dividend. This balance can be used for the dividend payment or reinvestment in the business.

Any prior years adjustment in the revenue and expense will be recorded in the retained earning because it carry the accumulated profit all the prior years.

The premium on insurance for only one year should be recorded, but premium of 3 years is expense in 2020, from which there is an advance premium of 2 years.

Adjustment Value = $30,000 x 2/3 x (1-0.25) = $15,000

The adjustment should be added in the retained earning balance as it was expensed earlier.

Adjusted retained earning balance = $200,000 + $15,000 = $215,000

7 0

3 years ago

Which of the following assets is the most liquid

aleksandrvk [35]

What are the following assets

7 0

4 years ago