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3 years ago

Prepare journal entries to record these transactions:

Business

1 answer:

Sever21 [200]3 years ago

4 0

Answer:

Cost of Computer= 4,800

Annual depreciation = 4,800

No residual value

a) Need to assume depreciation is 3,600 at the date of disposal

b) same information

<em> Recording the Disposal of a Long-lived Asset</em>

DEBIT CREDIT

a. Accumulated Depreciation $4,800

Computer Account $4,800

b. Accumulated Depreciation $3,600

Loss on disposal $1,200

Computer $4,800

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Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity. The bonds have a 8% annual coupon rate and were issued

ICE Princess25 [194]

Answer:

9.53%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

NPER - 9 years

PMT - $1,000 × 8% = $80

Present value = $910.40

Future value = $1,000

The formula is shown below:

= Rate(NPER;PMT;PV;FV;Type)

The present value come in negative

So, after solving this, the answer would be 9.53%

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4 years ago

The owners decide to take the company public through an IPO, issuing additional 1 million new shares. Assuming that they success

Eddi Din [679]

Answer:

15.79% = 300,000 stocks = $14,210,526

Explanation:

The question is incomplete, you are missing the following:

"The founders and owners of a private company have funded it through the following rounds of investment: Round Source Price Number of Shares Class A Self $1.00 200,000 Class B Angel $1.00 300,000 Class C Venture Capital $1.25 400,000"

total number of outstanding stocks after the IPO = 200,000 + 300,000 + 400,000 + 1,000,000 = 1,900,000

angel investors own 300,000 / 1,900,000 = 0.157895 = 15.79%

price earnings ratio = stock price / earnings per stock

EPS = net income / total outstanding stocks = $6,000,000 / 1,900,000 = $3.1579

15 = stock price / $3.1579

stock price = 15 x $3.1579 = $47.3684

angel investors own 300,000 stocks x $47.3684 = $14,210,526

8 0

3 years ago

Marketing is defined as an organizational function and a set of processes for creating, communicating, and delivering _____ to c

Mama L [17]

Answer:

The correct answer is <u>value</u>.

Explanation:

Marketing can be defined as a process of selling a product in the market. It involves the collection, analyzing and interpretation of data related to the market, regarding a good or service, or about customers, both past as well as potential.

It involves understanding the market and the client, then creating and communicating the product that delivers value to the customers.

4 0

4 years ago

The cost to manufacture one unit of Rinker Audio Products' bestselling hearing aid, the Magnifier, is $87.50. The CFO of the com

Evgen [1.6K]

Answer:

Economies of scale.

Explanation:

In this scenario, the cost to manufacture one unit of Rinker Audio Products' bestselling hearing aid, the Magnifier, is $87.50. The chief financial officer (CFO) of the company, Neha Patel, has determined that if the company expands the output of its biggest U.S. plant by 20 percent, the unit cost would be only $82.50. The concept that as plant output expands, unit costs decrease, is known as economies of scale.

Economies of scale in microeconomics can be defined as cost reductions or cost advantages that arises when a business entity increases its level of production or are large in size.

This ultimately implies that, when a company chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.

8 0

4 years ago

How to do presentation

Tatiana [17]

Explanation:

You can go to Microsoft words or Power point..

These can help you type your presentation or if on phone you can go to normal Notes app or word app....

I hope this helps you

3 0

3 years ago