Answer:
There're 2 answers:
1) If he want to receive both interest and principal of $5,400, the amount to be deposited today is $36,234. In this case, he doesn't receive any principal back.
2) If he want to receive interest of $5,400 only , the amount to be deposited today is $67,500. In this case, he can receive back $67,500 at end of deposit.
Explanation:
1) In excel there function to calculate this = PV(rate, number of payment, amount in each payment) = PV(8%,10,5400)
2) If $5,400 is interest Jason can receive at end of each year = Deposit amount x 8%; thus deposit amount is 67,500 = 5,400/8%
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1)
A) Absorption costing captures all product costs (direct labor, direct material, manufacturing overhead) to each unit of a product produced during the period. It includes variable and fixed cost.
Absorption cost= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
B) Income statement:
Revenue/Sales (+)
Cost of Goods Sold (COGS) (-)
=Gross Profit
Marketing, Advertising, and Promotion Expenses (-)
General and Administrative (G&A) Expenses (-)
=EBITDA
Depreciation & Amortization Expense (-)
=Operating Income or EBIT
Interest (-)
Other Expenses (-)
=EBT (Pre-Tax Income)
Income Taxes (-)
=Net Income
2)
A) Variable costing= Direct material used + Direct labor + Variable manufacturing overhead + variable selling and administrative
B) Income statement
Sales
Cost of good sold (-)
Contribution margin
Fixed costs (-)
Depreciation expense (-)
Interest (-)
Net operating profit
Tax (-)
Net profit
<span>a. True
Managers' main goals are to provide guidance and support for the workers they are managing, and to increase their productivity to achieve a larger goal for a company. Therefore, the best way to increase those workers' production is to establish a vision that the group can work towards. Groups work most efficiently and effectively when there are clear, outlined goals, and the individuals in that group have a clear understanding of the roles they play in achieving the grander vision.</span>
Answer:
Debit Rent Receivable, $7,400; credit Rent Earned, $7,400.
Explanation:
As $3,700 is the revenue for Chase Company and accrued revenue is recorded in the receivable account. The rent for November and December is accrued and did not received by Chase Company. On December 31 the adjusting entry for the two month expense will be recorded as follow
Dr. Rent Receivable ( $3700 x 2) $7,400
Cr. Rent Earned $7,400
Note:
According to given data in the question the options are inconsistent with the question. Following answer is made according to given data.
As $4,000 is the revenue for Chase Company and accrued revenue is recorded in the receivable account. The rent for November and December is accrued and did not received by Chase Company. On December 31 the adjusting entry for the two month expense will be recorded as follow
Dr. Rent Receivable ( $4000 x 2) $8,000
Cr. Rent Earned $8,000
