Answer:
Explanation:
The journal entry is shown below:
1. Accounts receivable A/c Dr $160
To Sales discounts forfeited $160
(Being sales discount is recorded)
The computation of the sales discount is shown below:
= (Sales value - payment made) × discount rate
= ($40,000 - $24,000) × 1%
= $160
2. Cash A/c Dr $16,000
To Accounts receivable A/c $16,000
(Being cash is received)
Answer:
The answer is option C. achieve economies of scope.
Explanation:
An Economies of scope is a proportionate saving gained by producing two or more distinct goods, when the cost of doing so is less than that of producing each separately.
Based on the scenario portrayed in the question, the office management firm is hoping to achieve economies of scope.
Answer:
Answer for question :
The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of return is 17%. What is the expected stock price two years from now. Round the answer to the nearest integer " is as explained below.
Explanation:
1. the expected stock price two years from now = 3 * 1.065^3/(0.17 - 0.065)
the expected stock price two years from now = 34.51
2. FV = 0, N = 8, PMT = 288, rate = 4%
use PV funciton in Excel
value at time 0 = 1939.03
Answer:
c. The investor will have a direct say in how the companies that the venture capital firm funds will be run
Answer and Explanation:
The Journal entry is shown below:-
October 1
Cash Dividends Dr, $335,000
To Cash Dividends Payable $335,000
(Being a cash dividend is recorded)
November 7
No Journal entry is required
December 15
Cash Dividends Payable Dr, $335000
To Cash $335,000
(Being a cash dividend is recorded)
