Answer:
C.)Finished Goods Inventory is credited.
Explanation:
The journal entry at the time of product sold which are held in inventory is shown below:
Cost of Goods Sold A/c Dr XXXXX
To Finished goods inventory A/c XXXXX
(Being the product sold is recorded)
For recording this transaction, we debited the cost of goods sold and credited the finished goods inventory account so that the correct posting could be done
Answer:
B. fixed costs, variable costs, and mixed costs
Explanation:
Mainly there are three types of cost i.e variable cost, fixed cost, and the mixed cost. The variable cost is that cost which is change when the production level change whereas the fixed cost is that cost which remains constant whether production level changes or not
.
The mixed cost is a semi-variable cost which include some part of the fixed cost and some part of the variable cost
So, the variable cost includes indirect material, indirect labor, and factory supplies
The fixed cost includes supervision, taxes, and depreciation expense.
And, the mixed cost includes insurance, utilities, etc.
Answer:
The stock's value per share is $90.09.
Explanation:
In order to estimate the value of the share, first we have to estimate the value of the company at year 0 (today). We start from the FCF, that is equal to 200,000,000 (year 1). The formula of the company's value is 
, where g is the constant rate of grow (5%). So, the value of the company at year 1 is 
.
The next step is to obtain the value at year 0, with the formula 
. So 
Finally, the stock's value per share is 
A. One form of assistance given to entrepreneurs by the government is subsidized loans through the Small Business Administration to help get started. Local governments may help entrepreneurs by giving them tax incentives like not charging them property taxes for a set period of time if they locate their new business in their town or county.
B. The government should assist entrepreneurs because new businesses normally mean new jobs, and it is very important to keep the job market healthy. Another reason that they should help entrepreneurs is because small businesses often make big contributions to society, so by helping the small businesses they are helping people in general. For example, a small business that takes care of elderly people in their home are improving the quality of life for the elderly people so that they don’t need to move to a nursing home.
Answer:
It should sale the car for at least 6.853,55 to pay up the loan
Explanation:
We need to calculate the balance of the loan after 3-years
<u>Montly payment:</u>
PV 23,500
time 48
rate 0.009
C $ 605.090
<u>interest:</u>
23,500 x 0.009 = 211.50
<u>amortization on first period:</u>
605.09 - 211.5 = 393.59
<u>Amortization after three years: </u>future value of an annuity of the first amortization
C 393.59
time 36
rate 0.009
FV $16,646.4462
Balance: 23,500 - 16,646.45 = 6.853,55
