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4 years ago

Question in picture.

Business

1 answer:

jonny [76]4 years ago

5 0

I believe it’s 4 since you have to go to class and introduce yourself to the teachers so he/she will know you better and know how they can help you and when going to their office hours they can help you with anything that you are having trouble with.

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Tim will be receiving a $10,000 bonus one year from now. the process of determining how much that bonus is worth today is called

NNADVOKAT [17]

Answer:

It is called discounting

Explanation:

Hope your day goes well !!! :)

7 0

2 years ago

The following accounts appear in the ledger of Oriole Company after the books are closed at December 31, 2020.

Serggg [28]

Answer and Explanation:

The preparation of the stockholders’ equity section at December 31, 2020 is presented below:

Oriole Company

Stockholders’ equity section

December 31, 2020

Particulars Amount

Stockholder equity:

Paid in capital:

Capital Stock

Preferred stock $143,500

Common Stock dividend $568,000

Common Stock Dividends Distributable $25,000 $593,000

Total capital stock $736,500

Additional paid in capital

Paid-in Capital in Excess of Par - Preferred Stock $343,000

Paid-in Capital in Excess of Stated Value - Common Stock $1,110,000

Total paid in capital $2,189,500

Add: Retained earnings $758,000

Total paid in capital and retained earnings $2,947,500

Less: Treasury stock -$96,600

Less: Accumulated Other Comprehensive Loss -$34,500

Total Stockholder equity $2,816,400

We deduct the treasury stock and the accumulated other comprehensive loss and rest items are added so that the total stockholder equity could arrive

8 0

3 years ago

Read 2 more answers

The inverse demand for a drug that treats melanoma is given by P = 3,000 – 10Q, where Q measures the number of drug treatments a

LUCKY_DIMON [66]

Answer:

Profit-maximizing price per drug treatment is $2,000

Explanation:

The "cost of production" (cost of providing all treatments) is given by the area under the cost curve

(The cost curve is the straight line C = 10Q)

It is a right triangle with one side being the quantity (Q) and the other being the cost of the last unit being produced (10Q)

So the cost of production is: $5Q^{2}$

Revenue is given by P * Q = (3,000 - 10Q) * Q

Profit = Revenue - Cost of production = 3,000Q - $10Q^{2}$ - $5Q^{2}$

To find maximum, take derivative and solve for:

3,000 - 30Q = 0 => Q = 100

Profit-maximizing quantity is 100. The price will then be P = 3,000 - 10*100 = $2,000

6 0

4 years ago

Assume the following information for Larkspur Corp. Accounts receivable (beginning balance) $145,000 Allowance for doubtful acco

gregori [183]

Answer: See the required journal entries below.

Explanation: See below steps to record the transactions that occurred during the period and recognize ultimately the bad debt expense.

Step 1: Recognize the transactions during the period

Debit Accounts receivables $944,000

Credit Sales revenue $944,000

(To recognize the sales on account)

Debit Cash $901,000

Credit Accounts receivable $901,000

(To recognize sales collection)

Debit Allowance for doubtful account $6,300

Credit Accounts receivable $6,300

(To recognize the write-off of accounts receivable)

Debit Cash $2,200

Credit Bad debt recovery (income statement/other income) $2,200

(Collection of accounts receivable previously written off)

Step 2: Movement schedules of accounts receivable and allowance for doubtful accounts

Accounts receivable

Balance, beginning of the period $145,000

Addition: Net credit sales 944,000

Less: Collections 901,000

Write-off 6,300

Balance, end of the period $181,700

Allowance for doubtful accounts

Balance, beginning of the period $11,480

Less: Write-off 6,300

Balance, end of the period (unadjusted) $5,180

Step 3: Journals for bad debt expense

Debit Bad debt expense [(9% * $181,700) - $5,180] $11,173

Credit Allowance for doubtful account $11,173

(To record bad debt expense for the period)

8 0

3 years ago

Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply.

marissa [1.9K]

Answer:

The correct options are:

A. It is used to avoid the time and cost of writing checks for small amounts.
C. It is established to pay for small payments like postage, shipping fees, etc.
E. It is an asset reported on the balance sheet.

Explanation:

A Petty Cash Fund is a small amount of money that is kept on hand to be used in covering for the making of purchases that are too small to bother to write a check. Money from the petty cash fund can be used to pay for minor expenses such as postage, cab fares, shipping fees or office supplies.

Petty cash fund appears in the balance sheet on the current assets section. This is because line items in the balance sheet are sorted according to their order of liquidity. Since petty cash is highly liquid, it always appears near the top of the balance sheet.

7 0

4 years ago