Answer:
2. Accounts Receivable $960 Sales Revenue $960 Cost of Goods Sold $620 Inventory $620
Explanation:
The perpetual inventory system is one in which the balance of inventory in the account is adjusted immediately there is a purchase or a sale of inventory. When inventory is sold, two actions are required under this system.
- Inventory sold is derecognized from the inventory account
This is done by debiting the cost of goods sold account and crediting the inventory account with the cost of the item sold.
This is done by crediting inventory with the amount of sale (received from or agreed with the customer) and debiting cash or accounts receivables.
Answer: The coupon rate on the bonds is 7.50%.
The current price of a bond is nothing but the discounted value of the coupon payments and the face value at the yield or YTM.
Hence, mathematically the bond's price is given by the formula:
where,
CMP = Current Market Price of the bond
C = Coupon in dollars
r = YTM
n = number of years to maturity
FV = Face Value
Substituting the values in the equation above we get,
Solving further we get,
\mathbf{C = 75.02042315}
Since the dollar value of coupons is $75.02042315, we can calculate the coupon rate on the bonds as:
Answer: (D) ABC analysis
Explanation:
ABC analysis is one of the type of inventory method that are basically divided into the three main categories that is A,B and the C categorization.
The main advantage of this type of analysis is that it is categorized on the quantity and the values basis and this analysis is basically keeps the cost in the business under the control. It is also known as the inventory management and the ABC analysis contributed in the overall profit in an organization.
According to the question, the retail manager basically using the ABC analysis for determining the inventory items in the system.
Therefore, Option (D) is correct.
Answer:
The correct answer is B: $4,300
Explanation:
Giving the following information:
Howell Corporation purchased a new machine costing $27,600 on January 1, 2017. The machine is expected to have a $1,800 salvage value at the end of its useful life of six years.
Depreciation= (purchase value - salvage value)/ useful life
Depreciation= (27600 - 1800)/6= 4300
Answer:
The options chosen are:
B. the tragedy of the commons;
C. incentive to conserve the property;
E. incentive to protect the property.
Explanation:
<em> B. The tragedy of the commons- </em>Open-access regimes can be exploited on a first-come, first-served basis, because no individual or group has the legal power to restrict access. The consequences of open access have become popularly known as what Hardin (1968) misleadingly called ‘the Tragedy of the Commons.’
<em>C. incentive to conserve the property:</em> In addition, clearly defining and assigning property rights should resolve environmental problems by internalising externalities and relying on incentives for private owners to conserve resources for the future.
<em>E.</em> The Incentive to protect the property -<em> </em><em>The incentives associated with private property rights can help conserve scarce resources: Private ownership entails penalties for premature harvesting or over-harvesting of resources. Private ownership rewards community and individual cooperation. Private ownership rewards conservation and stewardship behaviour.</em>
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