Answer:
Feb. 1 DR Cash $400,000
CR Tax anticipation notes $400,000
Dec 31 DR Expenditures - Interest $3,666.67
CR Accrued Interest Payable $3,666.67
Working
February to December = 11 months
Interest = 400,000 * 1.0% * 11/12 months = $3,666.67
April 1 DR Investments $100,000
CR Cash $100,000
Sept. 30 DR Cash $50,200
CR Investments $50,000
Interest Income $200
Working
Interest Income = 50,000 * 0.8% * 6/12 months
= $200
Answer:
The weighted-average unit contribution margin for Concord is $70.50
Explanation:
For computing the weighted-average unit contribution margin , first we have to compute the contribution margin which is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
For Q- drive, it will be
= $90 - $30
= $60 per unit
And, for Q-drive plus,
= $135 - $60
= $75 per unit
Now the weighted-average unit contribution margin equal to
= Weighted sales mix × contribution margin + Weighted sales mix × contribution margin
= 30% ×$60 + 70% × $75
= $18 + $52.50
=$70.50 per unit
Answer:
The correct answer is letter "C": Environmental scanning.
Explanation:
Environmental scanning refers to an analysis carried out by companies in an immediate and external atmosphere that will allow them to detect threats to counteract or mitigate them and opportunities from which the company can make a profit. Organizations engaged in environmental scanning are constantly reviewing different means of communication and conducting research that will keep them updated on market fluctuations.
Answer:
B . Free cash flow less cash provided by operations and capital expenditures.
Explanation:
In Business, dividends can be defined as share of profits and retained earnings that a publicly listed company pays out to its investors or shareholders for investing into the business venture.
Dividends paid is equal to free cash flow less cash provided by operations and capital expenditures.
Free cash flow isn't reported on the statement of cash flows and it is the cash provided by operations less capital expenditures and cash dividends.
Answer:$2
Explanation:
A company normally is expected to value it's inventory at the lower of cost or net realisable value. The cost price is the price on purchase of the inventory while the net realisable value is selling price less cost of sales and cost to completion.
The amount of the lower cost of market adjustment the company must make, is the difference between the new selling price of $15 and net realisable value of $13 which is $2.
