Answer:
A. Debit Cash $1,000 and Debit Accounts Receivable $5,000 and Credit Fees Income $6,000
Explanation:
When revenue is earned and cash is paid, debit cash and credit revenue. However, when revenue is earned and cash is yet to be paid, debit accounts receivable and credit revenue.
Hence, given that Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amount.
Entries required are
Debit Cash $1,000
Debit Accounts Receivable $5,000
Credit Fees Income $6,000
Answer:
5.14%
Explanation:
Determining the pretax cost of debt is the first to do prior to ascertaining after tax cost of debt.
Pretax cost of debt can be computed using the rate formula in excel.
=rate(nper,pmt,-pv,fv)
nper is the number of times the bond would coupon interest,hence paying coupon every six months for 20 years means 40 coupon payments
pmt is the semiannual coupon bondholders would received from the bond i.e $1000*7.25%*6/12=$36.25
pv is the current market price at $875
fv is the face value of $1000
=rate(40,36.25,-875,1000)=4.28% semiannually
=4.28%
*2=8.56% annually
after tax cost of debt=8.56%*(1-t),where t is the tax rate of 40% or 0.40
after tax cost of debt=8.56%*(1-0.4)=5.14%
Government of South Africa has tye owner of South African Broadcasting Corporation. Is the form of ownership.
Answer:
Crude Oil
Added Benefit = $3,737.50 ($43,137.50 - $39,400.00)
Explanation:
a) Calculations:
Benefits from ANS = $4.25 per barrel ($76 -$71.75)
Benefits from WTI = $3.94 per barrel ($77 -$73.06)
Total benefits from ANS = 10,150 x $4.25 = $43,137.50
Total benefits from WTI = 10,000 x $3.94 = $39,400.00
b) It would benefit the company to undertake the exchange, with a net benefit of $3,737.50. The difference occurs from the value derivable from refining each type of crude. While Alaska North Slope Crude Oil (ANS) costs $71.75/Bbl, West Texas Intermediate Crude Oil (WTI) costs $73.06/Bbl. In the same way, their benefits from unleaded gasoline per barrel differ. The benefit from ANS is $76 per barrel against that of WTI $77 per barrel.
<span>I believe it's social control theory.
</span>Social control theory states that people's relationships, commitments, values, norms, and beliefs urge them not to break the law. <span>Even those who break laws or violate social norms are likely to share the general belief that those rules or laws should be observed. </span>