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siniylev [52]
4 years ago
10

- On November 11th, Smaller Company sold merchandise with a selling price of $8,000 on account to Rogers Office Supplies, with t

erms 2/10, n/30. No sales returns are expected. On November 17th, Smaller received the full amount due from Rogers Office Supplies. Prepare the journal entry for Smaller Company on November 17th, using the gross method.
Business
1 answer:
guajiro [1.7K]4 years ago
5 0

Answer:

Cash $7,840 (debit)

Discount allowed $160 (debit)

Accounts Receivable $8,000 (credit)

Explanation:

When the Sale is made the following entry will be recorded :

Accounts Receivable $8,000 (debit)

Sales Revenue $8,000 (credit)

Since Rogers Office Supplies pays their Account within the discount period of 10 days they are entitled to a cash discount and would pay Small Company an amount net of cash discount of 2%.

<u>Entries will be :</u>

Cash $7,840 (debit)

Discount allowed $160 (debit)

Accounts Receivable $8,000 (credit)

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Jack's Construction Co. has 80,000 bonds outstanding that are selling at par value. Bonds with similar characteristics are yield
zheka24 [161]

Answer:

WACC 10.42614%

Explanation:

<u>First we use CAPM to solve for the cost of equity</u>

Ke= r_f + \beta (r_m-r_f)  

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market rate  

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beta(non diversifiable risk) 1.1

 

Ke= 0.04 + 1.1 (0.08)  

Ke 0.12800

Then we calculate the WACC (weighted average cost of capital)

WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})

D 80,000 bonsd x 1,000 = 80,000,000

E 4,000,000 shares x 40 = 160,000,000

E+ D 80,000,000 + 160,000,000 = 240,000,000

equity weight: 2/3

liability weight: 1/3

Ke 0.128

Equity weight 0.6667

Kd 0.086

Debt Weight 0.3334

t 0.34

WACC = 0.128(0.6667) + 0.086(1-0.34)(0.3334)

WACC 10.42614%

6 0
3 years ago
Marketers segment markets to achieve which of the following objectives?
Zolol [24]
<h2><em><u>Question:</u></em></h2>

<em>→</em><em>Marketers segment markets to achieve which of the following objectives?</em>

<h2><u><em>Choices</em><em>:</em></u></h2>

<em>a. To create an offer that best fits the desires of the groups that exist in the </em><em>market.</em>

<em>b. To identify the most appropriate media for advertising,</em>

<em>C. To better understand their target segments.</em>

<h2><em><u>Answer:</u></em></h2>

  • <em>a. To create an offer that best fits the desires of the groups that exist in the </em><em>market.</em>
<h2><em><u>Explanation:</u></em></h2>

<em>→</em><em>marketing efficiency by directing effort specifically toward the designated segment in a manner consistent with that segment's characteristics.</em>

<em>#</em><em>B</em><em>r</em><em>a</em><em>i</em><em>n</em><em>l</em><em>i</em><em>e</em><em>s</em><em>t</em><em>B</em><em>u</em><em>n</em><em>c</em><em>h</em>

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3 years ago
IE 9-6 ... AS/AD model – If this economy has an equilibrium in Year 5 with a Price Level of $2.54, then Nominal Income GDP will
REY [17]

Answer:

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This is essential to identify amidst the nominal and real value of a nation's internal production including profit. Real GDP estimates a specific amount of production. An expansion in real production signifies that AD has grown quicker than this rate of inflation moreover this prosperity is encountering assertive germination. So according to the above eplaination the answer is mentioned below.

AS/AD model – If an aforementioned administration maintains equanimity into Year 5 including a Value Level concerning $2.54, later Nominal Earnings GDP will remain <u>$4387 b</u> still Real Income GDP will remain <u>$4500 b</u> ..

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Answer:

The description of the given problem is described in the below explanation segment.

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For commodities like the slightly elevated internet, we support free market rather than governmental provision for the aforementioned purposes:

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We need a percentage of

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