Expanding businesses often centralize distribution to create more efficient processes.

Your parents will retire in 19 years. They currently have $300,000, and they think they will need $1 million at retirement. What

Svetlanka [38]

Answer:

rate = 6.54%

Explanation:

we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.

<u>So we build the following equation:</u>

$300,000 (1+r)^{19} =1,000,000$

$(1+r)^{19} =1,000,000 \div 300,000$

$r=\sqrt[19]{1,000,000 \div 300,000}-1$

rate = 0.065417765 = 6.54% after rounding

This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.

3 0

3 years ago

Omega Inc. expects its net income to be $525,000 this year. The firm's dividend payout ratio is 60 percent. The firm is financed

REY [17]

Answer: $700,000

Explanation: Retained earnings is the amount of earnings left with the company after paying for dividends of common stockholders.

Retained earnings break even can be computed as follows :-

$Break\:even=\frac{retained\:earnings}{equity\:ratio}$

where,

retained earnings = net income (1- payout ratio)

= $525,000 (1 - 60%)

= $210,000

therefore,

$Break\:even=\frac{210,000}{0.3}$

=$700,000

3 0

3 years ago

Prepare the journal entry (if any) to record the sale on January 2, 2017. (Credit account titles are automatically indented when

Troyanec [42]

Answer:

JOURNAL ENTRY

a) 2 Mar Debit Accounts receivable $946000, Credit Revenue $946000

Debit Cost of Sale $538100, Credit Inventory $538100

b) 5 Mar Debit Sales return $ 113000, Credit Account receivables $113000

Debit inventory $63100, credit Cost of Sales $63100

c) 12 Mar Debit bank $816340 , Debit discount allowed $16660 , Credit Accounts receivable $833000

The balance due is $946000-$113000=$833000*98%=$816340 net of discount.

Revenue to be recognized = $833000 net of returns

cost of sales = $538100-$63100 = $475000

gross profit = $358000

Explanation:

COMPLETE QUESTION ( I will use the dates in the complete question)

Question:

Prepare the journal entries to record the following transactions on Sheridan Company's books using a perpetual Inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

(a) On March 2, Crane Company sold $946,00D of merchandise to Sheridan Company, terms 2/10, n/30. The cost of the merchandise sold was $538,100

(b) On March 5, Sheridan Company returned $113,000 of the merchandise purchased on March 2. The cost of the merchandise returned was $63,100.

(c) (c)On March 12, Crane Company received the balance due from Sheridan Company.

8 0

3 years ago

Question 9 of 10

Leto [7]

Answer:

Cross functional team

Explanation:

blah blah blah blah

6 0

3 years ago

Which is the most accurate statement about trade? a. Trade can make every person better off. b. Trade helps rich people and hurt

laiz [17]

Answer:

a. Trade can make every person better off.

Explanation:

Trade generates a benefit for all parties trading. If a party do not fell like winning with trade, it will stop trading and the trade will not occur. It is important for each party to make sure the other wants to keep trading, so quantity and price will be based upon both parties agreement.

A person can trade for product she produces, for example a person who produce a certain fruit can buy the same fruit when is off-station in their side of the world with another producer.

It could also trade becasue is the raw material of a finished product and it need more input for his facilities.

If a person or a party who is trading thinks is worse than before the trade, then it will stop trading so, as long as there is trade, both parties are better off after the trade.

7 0

3 years ago