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3 years ago

A. Money taken from your gross pay that you have no control over

1 answer:

4 0

1. Gross income - h. Total income before any deductions are taken

2. Net income - f. Take–home pay

3. Voluntary salary deduction - j. Money you have given

4. Involuntary salary deduction - a. Money taken from your gross pay that you have no control over

5. Fixed expenses - e. Expenditures that are constant from one time period to another

6. Discretionary spending - b. Expenditures that are under your control

7. Fixed income - i. Income that does not vary from one time period to another

8. Principal - d. The initial amount of money that was invested or borrowed

9. Salaried employee - g. Someone who receives a regular salary for employment

10. Insolvent - c. Unable to discharge liabilities or repay debts

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Owen Company's unadjusted book balance at June 30 is $9,120. The company's bank statement reveals bank service charges of $50. T

Gala2k [10]

Answer:

$10,070

Explanation:

The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.

Reviewing the transactions,

bank service charges of $50 - This will be deducted from the book balance
Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June - Both will be added to the book balance

Hence the true cash balance

= $9,120 - $50 + $940 + $60

= $10,070

3 0

3 years ago

Suppose Cute Camel Woodcraft Company is evaluating a proposed capital budgeting project (project Alpha) that will require an ini

UNO [17]

Answer:

$996,267.41

Explanation:

The Net Present Value of Alpha`s project can be determined by using the CFj Function of a Financial Calculator as follows :

- $400,000 CF0

$325,000 CF1

$500,000 CF2

$400,000 CF3

$475,000 CF4

I/YR = 8%

Then, SHIFT NPV gives $996,267.41

Thus, Alpha's net present value (NPV) is $996,267.41.

8 0

2 years ago

The Traffic Court of King James County operates between the hours of 9AM and 1PM. Each morning, roughly at 9AM, 200 defendants s

patriot [66]

Answer:

Explanation:

Please check attachment for the solution to the question.

7 0

3 years ago

Short Company purchased land by paying $10,000 cash on the purchase date and agreeing to pay $10,000 for each of the next ten ye

romanna [79]

Answer:

(D) $71,446

Explanation:

we will calcualte the present value for an 11 payments annuity-due (there is eleven payment of 10,000 if we count the one at purchase date) which couta is 10,000 discounted at 10%

$C \times \frac{1-(1+r)^{-time} }{rate} (1 +r ) = PV\\$

C 10,000

time 11

rate 0.1

$10000 \times \frac{1-(1+0.1)^{-11} }{0.1} (1 + 0.10) = PV\\$

PV $71,445.6711

rounding to the nearest dollars: 71,446

6 0

3 years ago

Magic Realm, Inc., has developed a new fantasy board game. The company sold 35,600 games last year at a selling price of $62 per

Natasha_Volkova [10]

Answer:

1a.

Magic Realm, Inc.,

Contribution format income statement

Per Unit Amount

Sales 62 2,207,200

Variable expenses 42 (1,495,200)

Contribution margin 20 712,000

Fixed expenses (623,000)

Net operating profit 89,000

1b.

Degree of operating leverage: 4

2. The expected percentage increase in net operating income for next year: 184%

Explanation:

1a. Please refer to the answer part

1b. Degree of operating leverage = Contribution margin / net operating profit = 712,000/89,000 = 8.

Expected percentage increase in net operating income for next year = Expected percentage increase in sales next year x operating leverage = 23% x 8 = 184%

3 0

3 years ago