How much do paranormal investigators make yearly?

sasho [114]

This practice allows a company to discover the target market and record opinions and other input from consumers regarding interest in the product

4 0

3 years ago

Read 2 more answers

Bear tracks, inc., has current assets of $2,180, net fixed assets of $9,400, current liabilities of $1,355, and long-term debt o

abruzzese [7]

(a) Total assets = Current assets + Fixed assets

Total assets = 2180 +9400 = 11,580

Total liabilities = Current liabilities + long term debt

Total liabilities = 1355+3990 = 5,345

According t the accounting equation, Stockholders equity = Total assets - Total liabilities = 11,580-5,345 = 6,235

Stockholders equity = $6,235

(b) Working capital = Current assets - Current liabilities

Working Capital = 2180-1355

Working Capital = $825

3 0

3 years ago

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as foll

gavmur [86]

Answer:

1-a. ACME corporation is 1.26

Wayne corporation is 1.09

1-b. ACME corporation

Explanation:

ACME ($ in millions) Wayne ($ in millions)

Total current assets $ 12,987 $ 8,258

Total current liabilities $ 10,301 $ 7,545

1-a) Formula for calculating current ratio: Current ratio = Current assets ÷ Current liabilities

ACME corporation, current ratio = $ 12,987 million ÷ $ 10,301 million = 1.26

Wayne corporation, Current ratio = $ 8,258 million ÷ $7,545 million = 1.09

1-b. The higher the current ratio, the better the liquidity position. ACME corporation has the better ratio.

5 0

3 years ago

present value calculation) Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This proj

STALIN [3.7K]

Answer:

The NPV is $534,819.11

Explanation:

The computation of the Net present value is shown below

= Present value of all yearly cash inflows after applying discount factor - initial investment

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

where,

rate is 9%

Year = 0,1,2,3,4 and so on

Discount Factor:

For Year 1 = 1 ÷ 1.09^1 = 0.9174

For Year 2 = 1 ÷ 1.09^2 = 0.8417

For Year 3 = 1 ÷ 1.09^3 = 0.7722

For Year 4 = 1 ÷ 1.09^4 = 0.7084

For Year 5 = 1 ÷ 1.09^5 = 0.6499

For Year 6 = 1 ÷ 1.09^6 = 0.5963

For Year 7 = 1 ÷ 1.09^7 = 0.5470

For Year 8 = 1 ÷ 1.09^8 = 0.5018

So, the calculation of a Present value of all yearly cash inflows are shown below

= Year 1 cash inflow × Present Factor of Year 1 + Year 1 cash inflow × Present Factor of Year 1 + Year 1 cash inflow × Present Factor of Year 1 + Year 1 cash inflow × Present Factor of Year 1 + Year 1 cash inflow × Present Factor of Year 1 + Year 1 cash inflow × Present Factor of Year 1 + Year 1 cash inflow × Present Factor of Year 1 + Year 1 cash inflow × Present Factor of Year 1

= $1,000,000 × 0.9174 + $1,000,000 × 0.8417 + $1,000,000 × 0.7722 + $1,000,000 × 0.7084 + $1,000,000 × 0.6499 + $1,000,000 × 0.5963+ $1,000,000 × 0.5470 + $1,000,000 × 0.5018

= $917,431.19 + $841,679.99 + $772,183.48 + $708,425.21 + $649,931.39 + $596,267.33 + $547,034.24 +$501,866.28

= $5,534,819.11

So, the Net present value equals to

= $5,534,819.11 - $5,000,000

= $534,819.11

We take the first four digits of the discount factor.

6 0

4 years ago

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.

Finger [1]

Answer:

1. Debit Cash $31,500

Credit Sales Revenue $30,000

Credit sales taxes payable $1,500.

Being sales of goods and 5% sales tax

2, Debit Cash $25,680

Credit Sales Revenue $24,000

Credit Sales taxes payable $1,680.

Being sales of goods and 7% sales tax

Explanation:

1. When sales are made in cash, the amount received or the sales value is debited to cash/bank account while the corresponding credit entries go to both sales revenue account and sales tax payable account. The tax element must be separated from the sales revenue because of its statutory nature and also to allow for easy remittance.

The following entries will be passed

1. Debit Cash $31,500

Credit Sales Revenue $30,000

Credit sales taxes payable $1,500.

Being sales of goods and 5% sales tax

2, The same entries will be passed as it is in number 1 above, but since Waterman Company does not segregate sales and sales taxes, we need to compute the net sales and sales tax payable before passing any entry.

Let the net sales = X

Gross Sales = $25,680

Gross sales = X + (7% of X)

$25,680 = X + 0.07X

$25,680 = 1.07X

Divide both sides by the coefficient of X

$25,680/1.07 = 1.07X/1.07

$24,000 = X

That is, sales net of tax is $24,000

The Tax payable is 7% of $24,000 = 1,680

Therefore the following entries will be passed

Debit Cash $25,680

Credit Sales Revenue $24,000

Credit sales taxes payable $1,680

Being sales of goods and 7% sales tax

5 0

3 years ago