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3 years ago

Help me out, please.

Business

1 answer:

AlekseyPX3 years ago

6 0

Answer:

a) Sub total of Kevin's order = $49.99

b) Total of Kevin's order = $62.99

Explanation:

In an invoice, the subtotal for a person's transaction of order is the sum of the item only without the addition of taxes, shipping, credit card fees(if they order and pay for the item online), discounts e.t.c

The total amount for the purchase of an order is the sum total which includes cost of the goods, discounts, taxes, shipping fees e.t.c.

For Kevin,

a) His Subtotal is the cost of his Base ball jacke × number of jackets

= $49.99 × 1

= $49.99

b) Total of Kevin's order

= Cost of his Base ball jacket + Shipping and Handling fee + Credit card fee

Shipping and Handling fee = $10.00 Credit card fee = $3.00

Total = $49.99 + $10.00 + $3.00

= $62.99

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What is implied if the inventory account has increased?

ioda

Answer:

C. Cash flow from operating activities has decreased relative to net income.

Explanation:

As we know that

Operating activities involves those activities that impact the after-net income working capital. This will subtract the rise in current assets and a reduction in current liabilities, while adding the decline in existing assets and a rise in current liabilities.

It will adjust some adjustments in working capital. In addition, the depreciation expenses are applied to the net profit and the loss on the selling of assets is added, while the gain on the sale of assets is deducted

Hence, the C option is correct

7 0

3 years ago

Shanna, a calendar year and cash basis taxpayer, rents property to be used in her business from Janice. As part of the rental ag

andreyandreev [35.5K]

}{y}[/tex]Answer:

For part A) The <u>entire 2019 is deductible.</u>

For part B) $9,075

Explanation:

FOR PARTE A) we know the equation is:

$\frac{24,200}{y} number of months$ where y is 12 (which means the entire year) and the number of months will be also 12. So the equation will be:

$\frac{24,200}{12} 12$ and the answer will be 24,200 which means the entire year is deductible.

FOR B) the equation to be used will be replaced by 24 (two years) and the number of month will be 9.

so the equation is:

$\frac{24,200}{24} 9$

the answer wil be $9,075

5 0

4 years ago

First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compound

Liula [17]

Answer:

First National Bank = 14.6%

First United Bank.= = 14.8%

Explanation:

<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>

It can be calculated as follows:

EAR = ( (1+r)^(n) -1) × 100

r -interest rate per period

n- number of period

EAR - Effective annual rate

First National Bank

r - interest rate per month = 13.7%/12 = 1.141%

number of period = 12 months

EAR =( (1+011141)^(12) - 1) × 100

= 0.145938395 × 100

= 14.59

= 14.6%

First United Bank.

r- interest rate per quarter - 14%/4 = 3.5% per quarter

n- number of quarters = 4

EAR = ((1+0.035)^(4)- 1) × 100

= 0.147523001 × 100

= 14.8%

8 0

3 years ago

Portfolio Expected Return An investor puts 32% of their money in Stock 1 with a 10.15% expected return, 27% of their money in St

geniusboy [140]

Answer:

the expected return of the portfolio is 11.76%

Explanation:

The computation of the expected return of the portfolio is shown below:

= Respective return × Respective weights

= 0.32 × 10.15 + 0.27 × 10.95 + 0.41 × 13.55

= 3.248% + 2.9565% + 5.5555%

= 11.76%

Hence, the expected return of the portfolio is 11.76%

The same should be considered and relevant

6 0

3 years ago

Mills Corporation acquired as a long-term investment $250 million of 8% bonds, dated July 1, on July 1, 2021. Company management

user100 [1]

Answer:

A. 07.01.2021

Dr Investment in Bonds A/c 250

Dr Premium on Bond Investment A/c 40

Cr Cash 290

12.31.2021

Dr Cash 10

Cr Premium on Bonds 1.3

Cr Interest Revenue 8.7

B. $251.3

C. Jan-02

Dr Fair Value Adjustment 30

Cr Unrealised Gain or loss 30

Jan-02

Dr Cash 300

Cr Premium on Bonds A/c 38.7

Cr Gain On sale of Investment or Profit on sale of Investments 11.3

Cr Investment in Bonds A/c 250

Explanation:

a. Preparation of the journal entry to record Mills'investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective market) rate.

07.01.2021

Dr Investment in Bonds A/c 250

Dr Premium on Bond Investment A/c 40

(290-250)

Cr Cash 290

(Being To record investments in Bonds)

12.31.2021

Dr Cash 10

[(8%/2)* 250] semiannually

Cr Premium on Bonds 1.3

(10-8.7)

Cr Interest Revenue 8.7

[(6%/2)* 290] semiannually

(Being To record Interest)

b. Calculation for At what amount will Mills report its investment in the December 31, 2021, balance sheet

Book Value 290

Add:Premium on Bonds ( -40+1.3) -38.7

Amount to be reported 251.3

(290-38.7)

Therefore the Amount to be reported in Balance sheet will be Book Value of the amount of 251.3

c. Preparation of the journal entry to record the sale.

Jan-02

Dr Fair Value Adjustment 30

Cr Unrealised Gain or loss 30

(300-270)

Jan-02

Dr Cash 300

Cr Premium on Bonds A/c 38.7

(40-1.3)

Cr Gain On sale of Investment or Profit on sale of Investments 11.3

[300-(250+38.7)]

Cr Investment in Bonds A/c 250

(Being To record the sale)

6 0

3 years ago