If John wants to start a new bank account with only $3,000, what type of bank account should he get if

Wanda has graduated from community university (cu) and after nine months has failed to find a job. she graduated with a degree i

Blababa [14]

CU's attorneys should file a motion for summary judgement, which asks the judge to make a ruling on the facts of the case alone without going to a full trial.

3 0

4 years ago

Ayayai Corporation reported net cash provided by operating activities of $345,000, net cash used by investing activities of $145

Furkat [3]

Answer:

the free cash flow is $145,000

Explanation:

The computation of the free cash flow is given below:

The free cash flow is

= cash flow from operating activities - capital expenditures

= $345,000 - $200,000

= $145,000

hence, the free cash flow is $145,000

The same should be considered and relevant

5 0

3 years ago

Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.1 million ca

valina [46]

Answer:

1. Dr Cash $39.1 million

Cr Notes Payable $39.1 million

Dr Notes Receivable $39.1 million

Cr Cash $39.1 million

2. Dr Interest Expense $879,750

Cr Interest Payable $879,750

Dr Interest Receivable $879,750

Cr Interest Revenue $879,750

3. Journal entry for Precision Castparts

Dr Notes payable $39.1 million

Dr Interest expense $2,639,250

Dr Interest payable $879,750

Cr Cash $42,619,000

Journal entry for Midwest Bank

Dr Cash $42,619,000

Cr Notes receivable $39.1 million

Cr Interest receivable $879,750

Cr Interest revenue $2,639,250

Explanation:

1. Preparation of the journal entry to Record the necessary entry for the scenarios given .

Dr Cash $39.1 million

Cr Notes Payable $39.1 million

Dr Notes Receivable $39.1 million

Cr Cash $39.1 million

2. Preparation of the journal entry to Record the adjustments on December 31, 2018.

Dr Interest Expense $879,750

Cr Interest Payable $879,750

(39.1 million*9%*3/12)

Dr Interest Receivable $879,750

Cr Interest Revenue $879,750

(39.1 million*9%*3/12)

3. Preparation of the journal entry on September 30, 2016, to record payment of the notes payable at maturity

Journal entry for Precision Castparts

Dr Notes payable $39.1 million

Dr Interest expense $2,639,250

($39.1 million*9%*9/12)

Dr Interest payable $879,750

(39.1 million*9%*3/12)

Cr Cash $42,619,000

($39.1 million+$2,639,250+$879,750)

Journal entry for Midwest Bank

Dr Cash $42,619,000

($39.1 million+$2,639,250+$879,750)

Cr Notes receivable $39.1 million

Cr Interest receivable $879,750

(39.1 million*9%*3/12)

Cr Interest revenue $2,639,250

($39.1 million*9%*9/12)

4 0

3 years ago

Katelyn, a millennial, is conducting her job search. She wants to work for a company that cares not only about its people, but a

AnnyKZ [126]

<h2>"Social audit documents" will give Katelyn the information about how socially the company has involved to protect the planet and people.</h2>

Explanation:

Let us understand what a social audit is.

It is an official evaluation about the involvement in social responsibility projects by the organization.
It creates an impact on the governance.
This prevents public relations crises associated with ethical or legal misconduct.
Narrow gaps between vision and reality.
It enters into action when there is no equal employment opportunity, when the environmental quality gets affected, etc.

The social activities that it includes are:

volunteer events
work environment
employees wages
utilization of energy
charitable contributions

7 0

3 years ago

Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering

oee [108]

Answer:

9.635%

Explanation:

We shall use a table to compute different values as shown below.

Investment Return Taxable amount Tax Rate After-tax return

Dividend 9.8% 30% (n1) 18% 9.2708% (w1)

Municipal bond 8.8% 0% 18% 8.8%

Corporate bond 11.75% 100% 18% 9.635% (w2)

The after tax return with on the best investment alternative is 9.635% for corporate bonds

Workings:

W1

9.8 *0.3*0.18 = 0.5292%

Return after tax = 9.8% -0.5292% = 9.2708%

w2

18.75*0.18 =2.115%

Return after tax = 11.75% -2.115% = 9.635%

Notes:

n1 : 70% of the dividends are excluded from taxation. Only 30% is to be taxed

4 0

3 years ago