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3 years ago

Consider the following situations for Shocker:

Business

1 answer:

Delicious77 [7]3 years ago

5 0

Answer:

Cash $4,500 (debit)

Deferred Revenue $4,500 (credit)

Prepaid Advertising $2,700 (debit)

Cash $2,700 (credit)

Salaries Expense $8,000 (debit)

Salaries Accrued $8,000 (credit)

Cash $70,000 (debit)

Note Payable $70,000 (credit)

Interest Expense $2,100 (debit)

Note Payable $2,100 (credit)

Explanation:

Recognize Cash and Deferred Revenue

Recognize Asset - Prepaid Advertising and De-recognize Cash

Recognize Salaries Expense and Recognize Salaries Accrued Liability

Recognize Cash Asset and Recognize Liability - Note Payable

Recognize Interest income accrued on the Note Payable during September to December.

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You are scheduled to receive annual payments of $60,000 for each of the next 20 years. The annual rate of return is 8 percent. W

babymother [125]

Answer:

= $ 219,657.43

Explanation:

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

P = Periodic payment = $ 20,000

r = Periodic interest rate = 0.08

n = Number of periods = 20

FV = $ 60,000 x [(1+ 0.08)20 -1/0.08]

= $ 60,000 x [(1.08)20 -1/0.08]

= $ 60,000 x [(4.66095714384931 -1)/0.08]

= $ 60,000 x (3.66095714384931/0.08)

= $ 60,000 x 45.7619642981163

= $ 2,745,717.85788698 or $ 2,745,717.86

FV of annuity due =(1+r) x P x [(1+r) n -1/r]

= (1+0.08) x $ 2,745,717.85788698

= 1.08 x $ 2,745,717.85788698

= $ 2,965,375.28651794 or $ 2,965,375.29

Difference in FV of ordinary annuity and annuity due

= $ 2,965,375.29 - $ 2,745,717.86

= $ 219,657.43

3 0

3 years ago

Indicate how each of the following transactions affects U.S. exports, imports, and net exports.

Oxana [17]

Answer:

export import net export

1. increases unchanged increases

2. unchanged increases decreases

3. unchanged increases decreases

4. unchanged increases decreases

5. increases unchanged increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

When the French historian visits the US museum and the European family visits Disney, they are enjoying US services, thus export increases and net export increases

The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

7 0

2 years ago

The following events took place at a manufacturing company for the current year:(1) Purchased $95,000 in direct materials.(2) In

Rom4ik [11]

Answer:

D $88410

Explanation:

Work in progress includes all the raw materials, direct labour and conversion costs incurred so far excluding cost of goods sold .

WIP= Intial WIP +Manufacturing costs incurred- Cost of goods sold.

The WIP inventory at the begining of the period is given as nil.

WIP during the period = (95000*80%)+56000+13600+107000

=252600(but it was given that 65% of the Process was completedi.e., finished goodswhich are not the part of the WIP inventory ; hence the remaining 35% is the Work in process inventory)

=$ 88410.

Further the remaining raw material 20% = 95000*20% shall not comprise a part of the WIP as it has not been brought into process itself , it shall lie in raw materials inventory itself.It shall be counted into the WIP once it is brought into the manufacturing assembly line.

3 0

3 years ago

Read 2 more answers

In this market research step, the data are compiled, studied, and interpreted:

Nuetrik [128]

Answer:

Data Preparation/Assembling Analysis

Explanation:

In the data analysis step of Market Research, the data collected in the research are put together, arranged in an organized form, put through detailed review, properly verified by an valid process, interpreted and expounded

In the preparation and analysis step, the data is formatted by editing, coding, transcription and verification to enable accurate analysis of the collected information. Data validation process is put in place to ensure that the proper data that quantifies the desired metrics are obtained.

The process of data preparation and analysis enables the decision making process by promoting the process of suggesting conclusions, whereby useful information is highlighted by the modelling, transformation, cleaning, and inspection data analysis processes

4 0

3 years ago

7. A legal entity that makes money for reasons other than the owner's profit, where the profits must remain within the

Vika [28.1K]

Answer:

wqqwqee

eeExplanation:

qqqqqqqqqqqqqqqqqqqw

7 0

3 years ago