Answer
a little late but the answer on edg2020 is C. $109
Explanation:
Answer:
$69000
Explanation:
The Gross profit that is reported by Alistair at the end of the year, will be calculated as follow;
Formula is as follow;
Total revenues – (Cost of goods sold – unadjusted credit balance manufacturing overheads account)
Followings values are given in the question;
Total revenues ($158000 + $214000) = $372000
Cost of goods sold ($144000 + $184000) = $328000
Unadjusted credit balance manufacturing overheads account = $25000
Now let’s put the values in the formula;
$372000 – ($328000 – $25000)
$372000 – $303000 = $69000
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Year A B
0 -$6000
1 -$500
2 -$1000
3 -$1500
4 -$2000
5 -$2500
-$6000 -$7500
We don´t have enough information to determine which project is the best. We need the cash flow of Project B.
But, I can provide with the Net Present Value (NPV) formula and calculate the NPV of project A. The project with the higher NPV is more profitable.
To calculate the Net present value, we need to discount the cash flows.
NPV= -Io + ∑[Cf/(1+i)^n]
Cf= cash flow
Project A:
NPV= -6,000 + 500/1.09 + 1,000/1.09^2 + 1,500/1.09^3 + 2,000/1.09^4 + 2,500/1.09^5
NPV= -$499.65
Answer:
1. The Journal Entry
Sr. No Particulars Debit Credit
Tractor- Machinery $ 45000
Cash $6000
Notes Payable $ 39,000
The journal entry to record the acquisition of the tractor.
Working : Interest Expense Payable:
11% of 39,000= $ 4290
<u>2. Income Statement of 2021</u>
Revenues xxxxx
Less
Depreciation xxxxx
Interest Expense 4290
<u>Profit xxxx</u>
<u />
<u>2. Income Statement of 2022</u>
Revenues xxxxx
Less
Depreciation xxxxx
Interest Expense 4290
<u>Profit xxxx</u>
<u>3. Balance Sheet of 2021</u>
Debit Side
Truck $45000
<u>Less Depreciation xxxxx</u>
Credit Side
<u>Interest Payable 4290</u>
<u>3. Balance Sheet of 2022</u>
Debit Side
Truck $45000
<u>Less Depreciation xxxxx</u>
Credit Side
<u>Interest Payable 4290</u>
Answer:
<em>Sense-of-mission marketing</em>
Explanation:
Sense-of-Mission Marketing <em>is fundamentally a marketing principle that requires an institution to define its mission in such a way that it has a wider social context instead of simply being brand-oriented or product-related.</em>
This idea has resulted in a new generation of progressive businessmen who are heavily trained business executives with a sense of personal responsibility and enthusiasm for a greater purpose.