Answer
The classification is shown below:
Explanation:
The saving refers to the amount i.e above its consumption expenditure let us take an example if an individual salary is $100,000 and its expenditure assumes $50,000 then it saves $50,000 so the $50,000 is the savings. While the investment is the amount that is spent to buy some assets in terms of building, machinery, home, etc.
So the classification is presented below:
a. Kyoko borrows money to build a new lab for her engineering firm. = Investment
b. Rina purchases stock in Nano Speck, a biotech firm. = saving
c. Musashi takes out a mortgage for a new home in Detroit. = investment
d.Jacques purchases a corporate bond issued by a car company. = saving
Answer:
$1,025.299
Explanation:
The formula for compound interest is
FV = PV × (1+r)^ n
Where Fv is the future value
Pv is the present value = $1000
r is interest rate = 1/2 % or 0.5% per year
n is five years
interest is compounded quarterly,
Interest per quarter = 0.5% /4 = 0.125% which is 0.00125
n will be 5 years x 4 quarters = 20 periods
Fv= $1000 x (1 +0.00125)^20
Fv =$1000 x(1.00125)^20
Fv= $1000 x 1.025299
Fv = $1,025.299
Answer:
The amount of Uncollectible Account Expense reported on the income statement will be: $ 64,800
Explanation:
Jumpin Corporation
Percent of Sales method
Net credit sales $ 2 100 000,
Un collectible estimated 3%
Un collectibles Accounts = 3% of $ 2 100,000, = $ 63,000
Unadjusted Allowance for Un collectible Accounts $ 1, 800 Dr.
Required Adjustment = $ 64,800
The amount of Un collectible Account Expense reported on the income statement will be: $ 64,800
In the percent of sales method emphasis is laid on the matching principle in the income statement and amount of bad debts expense is subtracted from the accounts receivables.
Answer:
The intrinsic value of Stock A is 500
Explanation:
According to the DDM method the formula for calculating the intrinsic value of a stock is
Upcoming Dividend/Required rate of return - Growth rate of stock.
Upcoming Dividend of Stock A= 5
Required rate of return on Stock A= 11% or 0.11
Growth rate on stock A= 10% or 0.10
Intrinsic value of stock A=
5/(0.11-0.10)=5/0.01=500
The intrinsic value of Stock A is 500
The necessary journal entries for October month are attached below in the image :
<h3>What do you mean by journal entries?</h3>
All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.
All the necessary journal entries are attached below:
Learn more about journal entries:
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