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4 years ago

Bearcat Construction begins operations in March and has the following transactions.

Business

1 answer:

aleksklad [387]4 years ago

8 0

Answer:

Bearcat Construction

General Journal

March 1

Cash $17,500 (debit)

Common Stock $17,500 (credit)

Cash Received in Exchange of Common Stock

March 5

Cash $8,300 (debit)

Note Payable $8,300 (credit)

Cash received from Bank Loan

March 10

Equipment (debit)

Cash (credit)

Purchase of Equipment by Cash

March 15

Advertising Expenses (debit)

Cash (credit)

Advertising Expense paid in Cash

March 22

Accounts Receivable $17,300 (debit)

Service Revenue $17,300 (credit)

Service Rendered on Credit

March 27

Cash $17,300 (debit)

Accounts Receivable $17,300 (credit)

Cash Received from Accounts Receivables

March 28

Salaries Expense $5,300 (debit)

Cash $5,300 (credit)

Salaries paid in Cash

Explanation:

See the Journal Entries and Narrations that i have prepared above.

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What is the repricing gap if the planning period is 30 days? 3 months? 2 years? Recall that cash is a noninterest-earning asset.

Tcecarenko [31]

Answer:- -$95 million for 30days, -$20 million for 3 months, +$55 million for 2 years.

Explanation:

Repricing gap using a 30-day planning period, we have;

$75 - $170 = -$95 million.

Repricing gap using a 3-month planning period, we have;

($75 + $75) - $170 = -$20 million.

Reprising gap using a 2-year planning period, we have;

($75 + $75 + $50 + $25) - $170 = +$55 million.

b) the impact over the next 30 days on net interest income vary. Let us use i) when net income increases by 50 basis points.

ii) when net income decreases by 75 basis points.

if impact over the next 30 days on net interest income increases by 50 basis points, we would have that net interest income will decrease by $475,000, see below:

ΔNII = CGAP(ΔR) = -$95m.(0.005) = -$0.475m

If impact over the next 30 days on net interest income decrease by 75 basis points, net interest income will increase by $712,500. This is because:

ΔNII = CGAP(ΔR) = -$95m.(-0.0075) = $0.7125m

7 0

4 years ago

On November 1, 2018, Cullumber Farm entered into a contract to buy a $162000 harvester from John Deere. The contract required Cu

Vikki [24]

Answer:

The journal entry to record the contract on November 1, 2018 includes: credit to Accounts Receivable for $162000

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. On November 1, 2018, Cullumber Farm had to pay $162,000 in advance to John Deere. John Deere recorded the cash receiving by the entry:

Debit Cash $162,000

Credit Accounts Receivable $162,000

The company did not record revenue because they did not sell the harvester. This was only the advance payment.

3 0

3 years ago

In the context of marketing mix, localization can be adopted by:

defon

Answer:

d. selling products that appear to be locally adapted.

Explanation:

Localization:It refers to products which is locally adapted by the end-users. It is that thing which is easily adapted by the peoples and along with it, it can meet the needs of the people.

It overall impacts the customer buying behavior which includes their taste and preference, bargaining power, affordability, reasonable price, etc

By going throughout the options, the most correct option is D. So, other options are incorrect.

7 0

4 years ago

If a company reorganizes its operation to gain efficiency, the cost associated with this reorganization is classified as

ivanzaharov [21]

Answer: Restructuring cost

Explanation:

Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.

8 0

3 years ago

Which would be the appropriate strategy for companies to use to compete in the global marketplace if the marketplace pressure is

loris [4]

Answer:

a.global strategy

Explanation:

As a global strategy treats the world as one market and one source of supply with little variations and thus has little costs associated with and takes advantage of a global developed base.

The company's resources, capabilities, and positions in the market are affected by the development in the same expertise as it goe beyond borders, serving worldwide markets and thus has a weak pressure form local responses.

6 0

3 years ago