Answer: a. Railroad loading
Explanation:
This question relates to the BCG matrix which allows a company with multiple divisions to know how to deal with its various divisions based on their growth rate and market share.
The question specifically relates to a matrix called "Cash cows". Cash cows are divisions that have a significant market share but a low growth rate. These divisions are stable and bring more money into the company than they cost to run.
This allows us to take profits from them and invest in other. The Railroad loading controls a significant market share of 75% but has a low growth rate so is a Cash cow.
Answer:
Mijka Company
a. Journal Entries
Debit Cash $30,400
Credit Service Revenue $30,400
To record the proceeds for services provided.
Debit Expenses $13,800
Credit Cash $13,800
To record the payment of cash for services.
Debit Dividend $2,100
Credit Cash $2,100
To record the payment of cash dividend.
b. Income Statement for the year ended December 31, 2018:
Service Revenue $30,400
Expenses 13,800
Net Income $16,600
Dividends (2,100)
Retained earnings $14,500
Statement of Changes in Stockholders' Equity as of December 31, 2018:
Retained Earnings $14,500
Balance Sheet as of December 31, 2018:
Assets:
Cash $14,500
Equity:
Retained Earnings $14,500
Explanation:
a) Data and Calculations:
Cash revenue $30,400
Cash expense (13,800)
Cash dividend (2,100)
Cash balance $14,500
Answer:
B. The total interest = $4.35
Explanation:
The first question to answer, is what is the present value of the annuity of the loan and then based on that the total interest can be calculated.
<h2>Present value of annuity= A x [(1-(1+r)-n)/r]*(1+r) </h2>
Where the A represents Annuity = or $20
The r represents the rate or 1.5%
and the n represents the number of periods which is 6 months
Calculating the value =
= 20 x [(1-1.015^-6)/0.015]*1.015
= 20 x [(1-0.91454219251)/0.015]*1.015
= 20*5.782644973
=$115.65
Now that the loan amount is known, the Total Interest can be calculated as follows
Total Interest= number of payments x monthly payments) - the loan amount (calculated above)
= 20 x 6 -115.65
= 120-115.65
The total interest = $4.35
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<em>brainly.com/question/6791607</em>