Answer:
Th answer is: C) $13,000
Explanation:
The following amounts should be allocated to trust principal:
- $7,000 from the sale of bonds; those bonds were part of the trust principal
- $6,000 of stock dividends; new shares should be added to the trust principal since no cash was received
Earnings from rent ($1,000) and interest ($3,000) should be recorded as gross income.
Answer:
$330,000
Explanation:
the journal entries would be:
Dr Cash 200,000
Cr Notes payable - bank 200,000
Dr Equipment 80,000
Cr Cash 40,000
Cr Notes payable 40,000
Dr Merchandie inventory 60,000
Cr Accounts payable 60,000
Dr Accounts receivable 120,000
Cr Service revenue 120,000
Dr Accounts payable 30,000
Cr Cash 30,000
Dr Utilities expense 60,000
Cr Cash 60,000
Assets:
- Cash = 200,000 - 40,000 - 60,000 - 30,000 = $70,000
- Equipment = $80,000
- Merchandise inventory = $60,000
- Accounts receivable =$120,000
- total = $330,000
Answer:
a) loss of 3,388.87
b) it will break even at 11.99%
Explanation:
we will discount the 151,000 at 13% to know the current sales revenue at the sale
Maturity 151,000
time 4 years
rate 0.13
PV 92,611.13
the present value is 92,611.13 while the cost is 96,000
there is a loss of 3.388,87
To know at which rate the firm break even:
PV = 96,000
![\sqrt[-4]{96,000/151,000} - 1 = r](https://tex.z-dn.net/?f=%5Csqrt%5B-4%5D%7B96%2C000%2F151%2C000%7D%20-%201%20%3D%20r)
r = 0.11989
Thta is true. Radical innovation has a significant effect on the market and on the economic activity of the firms in the market. Something that is false about radica innovation is that are evolutionary applications of novel ideas within existing paradigms and that is not true. We can say that this innovation <span>is an invention that destroys or supplants an existing business model.</span>
Answer:
Explanation:
Net income $300,000
Adjustments for noncash effects:
Depreciation expense 15,000
Increase in inventory (2,000)
Decrease in interest payable (1,600)
Increase in accounts receivable ( 1,400)
Decrease in bond premium (3,000)
Increase in accounts payable 7,000
Net cash flows from operating activities
$314,000
