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DENIUS [597]
4 years ago
8

A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the tra

nsaction be recorded today
Business
1 answer:
Aleksandr-060686 [28]4 years ago
6 0
Debit Advertising expense $400, credit accounts payable 400.
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Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer
ruslelena [56]

Answer:

Following are the responses to the given question:

Explanation:

  • In point a, it is false because the ownership of a stock owned by shareholders is directly adaptable by sale.
  • In point b, it is false because the corporate bosses have no responsibility. A corporate company is an organization
  • In point c, it is true because This company is going on a broad-based business. Its necessary capital is enormous but is obtained from three sources.
  • In point d, it is true because the company money is calculated twice in normal conditions, except for where tax-deductible is declared for both the dividends in shareholders' hands.
  • In point e, it is true because Its company's legality is distinct from those of its owners. That both companies, as well as the owner, are separate legal entities. Firms have a common seal as well as their titles.
  • In point f, it is false because UNLIMITED was its life of corporates and the foundation of the 'Moving Concern' idea.
  • In point g, it is true because the actual owner isn't a business agent. They're only the owner that gives money.
7 0
3 years ago
ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $10,000 a
BigorU [14]

Answer:

$77,217

$11,289

Explanation:

Fist we will calculate the present value of $10,000 payment

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. The value of the annuity is also determined by the present value of annuity payment.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where

P = Annual payment = $10,000

r = rate of return = 10% / 2  = 5%

n = number of period = 5 years x 2 semiannual payments per year = 10 payments

PV of annuity = $10,000 x [ ( 1- ( 1+ 0.05 )^-10 ) / 0.05 ]

PV of Annuity = $77,217

Now we will use the discounting method to calculate the present value of lump sum payment of $20,000

Present value = Future value x Present value factor

PV = FV x ( 1 + r )^-n

PV = $20,000 x ( 1 + 0.1 )^-6

PV = $11,289

6 0
4 years ago
Fran is the project manager in her organization. She reports to a PMO (project management office) that takes control of the proj
WINSTONCH [101]

Answer:

Directive PMO

Explanation:

A project management office(PMO) refers to creation of groups and departments within an organization so as to define standards and to ensure those standards are met.

In a directive form of project management office, it completely takes over projects and allots resources, and assigns project managers to projects.

In such a form of Project management office, the project managers are supposed to report to such directive offices.

In the given case, since Fran reports to such a PMO form which assumes control of the projects and manages the project, this is a directive form of project management.

8 0
4 years ago
Randy’s Convenience Mart buys Lemon Fizz, a cold beverage, in 2-liter plastic bottles for $1.00. They use a 50 percent selling p
mafiozo [28]

Answer:

d) $1.50

Explanation:

To calculate what the consumers pay the Randy's mart we do the following,

Purchase price = $1, this is what the Randy's mart pays to buy the bottle they add 50% markup to retail.

The total price the consumer then pays = 1 * 1.5 = $1.5

This is the total marked up price that the consumers pays Randy's per bottle of Lemon Fizz.

Hope that helps.

4 0
4 years ago
Read 2 more answers
Answer the next two questions based on the following
vampirchik [111]

Answer:

i think it is d i think if right hope i help a lot

Explanation:

8 0
2 years ago
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