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3 years ago

The entry to record a purchase of $5,000 on account, terms of 2/10, n/30, would include a

Business

2 answers:

hoa [83]3 years ago

6 0

credit to Account Payable for $5,000

Nezavi [6.7K]3 years ago

4 0

Calculate, from the following information accumulated by Bob Verna, the adjusted cash balance at the end of July.

Bank statement ending cash balance $6,000

General ledger cash balance ending 8,500

Bank monthly service charge 90

Deposits in transit 5,000

Outstanding cheques 3,000

NSF cheque returned with bank statement 410

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Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:

SashulF [63]

Answer:

Instructions are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 180,660/2,600

Predetermined manufacturing overhead rate= $69.49 per machine hour

<u>Now, we can allocate overhead to each product line:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Home= 69.49*1,200= $83,388

Work= 69.49*1,400= $97,286

<u>b) We need to determine the unitary cost for each product:</u>

Home:

Unitary cost= 38 + 23 + (83,388/620)= $195.50

Work:

Unitary cost= 72 + 40 + (97,286/490)= $310.54

<u>c) Gross margin= selling price - unitary cost</u>

Home:

Gross margin= 359 - 195.5= $163.4

Work:

Gross margin= 573 - 310.54= $262.46

6 0

4 years ago

Find a mutually profitable price for this acquisition, that is, a price such that, on average or in expectation, the owners of b

borishaifa [10]

Answer:

The lowest price the target's owners are willing to accept for the firm is 50

Explanation:

Solution

It is known that in the market there are two firms. while one is target, the other is equity firm.

The target has several projects at hand bu the firm's worth is uncertain. it lies anywhere between 0 and 100.

Now,

The equity believes that the target is not well managed and with a good management it's value can be increased by 50%

Now,

The owner of the target does not know the firm's worth. so, it may be profitable or the firm to accept the average outcome

Note: Kindly find an attached copy of the complete question for this example below.

Average outcome 0 + 100/2

= 100/2 = 50

Therefore, the lowest price the target's owners are willing to accept for the firm is 50

6 0

4 years ago

After World War I and the Great Depression, consumers purchased far less. To address overproduction, companies relied on adverti

marysya [2.9K]

To address overproduction, companies relied on advertising and personal selling. This was the

b. sales-oriented era.

<h3>What was the Great Depression?</h3>

This was a period in American history just after the World War when there was great economic recession and life was hard for people.

With this in mind, we can see that the sales oriented era had to do with the business style which coincided with the Great Depression as the people made use of advertising and personal selling as a way to increase sales.

Read more about sales oriented era here:
brainly.com/question/7031827

8 0

2 years ago

Mikkelson Corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk prem

enot [183]

Answer:

a. 16.50%

Explanation:

Find the beta as of last year using CAPM;

CAPM ; r = risk free + beta(Market risk premium)

0.125 = 0.03 + beta(0.0475)

Subtract 0.03 from both sides;

0.125-0.03 = 0.0475beta

0.095 = 0.0475beta

Divide both sides by 0.0475;

0.095/0.0475 = beta

beta = 2

Next, use CAPM again to find the new required return with a market risk premium is 4.75%+ 2% = 6.75%

r = 0.03 + 2(0.0675)

r = 0.03 + 0.135

r = 0.165 or 16.5%

Therefore, the new required return is 16.5%

6 0

3 years ago

The ________ process lays the groundwork for the project by clarifying the value it will bring to the organization, setting its

Rasek [7]

Answer:

initiating process

Explanation:

Initiating process -

It is the very first step , before beginning any project or task , is referred to as the initiating process .

The process require the proper estimation of the steps need to be taken to complete the project on time , all the steps are considered and allotted in order all the employees are clear about the task they need to perform ,

The amount , goals and duration of the project is calculated in this very step .

Hence , from the given information of the question, '

The correct term is initiating process .

5 0

3 years ago