When purchasing fish you should look for slick and moist skin to indicate that it is fresh enough to buy. True or False.

In this problem we will consider the effect of the interest rate on loan payments. Zoe has saved enough for the down payment on

Arturiano [62]

Answer:

$583.92

Explanation:

See attached file

6 0

3 years ago

By shutting down, a firm A. stops receiving revenue and is stuck with its fixed costs. B. can avoid paying taxes on its previou

wel

Answer:

option A

Explanation: A firm cannot avoid paying taxes on previous profits as these profits were earned before the shutting down period and generally the taxes on profits for current period are paid at a later period. Thus option B is incorrect.

.

Revenue is the total income that a business gets from its normal operations and variable cost is the cost that changes with the level of output. Thus, there will be no revenue and also variable cost. Hence option C is incorrect.

.

Sunk cost are the costs that cannot be recovered and are already been incurred.So a company can avoid its variable cost by shutting down but not its sunk cost. Hence option D is incorrect.

.

Fixed costs are the costs that are independent of the level of output. Therefore, a company after shutting down will not receive revenue but will have to bear fixed cost. Hence option A is correct.

4 0

4 years ago

During the annual fundraising drive, the Cancer Society raised $900,000 in pledges of financial support for their general operat

mylen [45]

Answer:

The amount to be reported as net amount of revenue in the current year from the pledge drive is $870,000 option B

Explanation:

The net amount amount of revenue the society should recognize in the current year from this pledge drive is the actual collected plus the remainder of the pledge which is $300,000 minus the provision for uncollectible pledge i.e 10%*$300,000

The net amount of revenue=$600,000+$300,000-(10%*$300,000)=$870,000

The correct option is B,net amount of revenue of $870,000 recognized

6 0

3 years ago

Today, you invest a lump sum amount in an equity fund that provides an 8% annual return. You would like to have $11,700 in 6 yea

V125BC [204]

Answer:

$7,372.99

Explanation:

Discounting is the method used to determine the present worth of a future amount which compounding is used to determine the future worth of a present amount. The relationship between both is such that;

Fv = Pv(1 + r)^n

where

Fv = future amount

Pv = present amount

r = interest rate and

n = time

The future amount = $11,700

time = 6 years

rate = 8%

$11,700 = Pv(1 + 0.08)^6

Pv = $11,700(1 + 0.08)^-6

Pv = $7,372.99

You need to deposit $7,372.99 today to reach your $11,700 goal in 6 years.

8 0

4 years ago

2. Selected data from the Carmen Company at year end are presented below: Total assets $2,000,000 Average total assets 2,200,000

erik [133]

Answer:

a) 65%

b) 11.4%

c) 25%

d) $25 per share

Explanation:

(a) Ratio of sales to assets = Sales revenue / Total assets

= $1,300,000/ $2,000,000 = 65.0%

(b) Rate earned on total assets = Annual net income / Average total assets

= $250,000 / $2,200,000 = 11.4%

(c) Rate earned on common stockholder's equity = Net Income / Average common stockholder's equity

= $250,000 / $1,000,000 = 25%

(d) Earning per share on common stock = Net Income / Share of common stock outstanding

= $250,000 / 10,000 = $25 per share

8 0

3 years ago