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2 years ago

What is the most important reason for a food handler to understand and apply food safety knowledge

1 answer:

5 0

The most important reason for food handlers to understand and apply food safety knowledge is to prevent the spread of illnesses through food

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You are given the following information on Parrothead Enterprises: Debt: 9,200 6.4 percent coupon bonds outstanding, with 23 yea

valina [46]

Answer:

8.57%

Explanation:

value of debt = $1,000 x 9,200 x 1.045 = $9,614,000

YTM = {32 + [($1,000 - $1,045)/46]} / [($1,000 + $1,045)/2] = 31.02/ 1,022.50 = 3.034% x 2 = 6.07%

value of common stock = 235,000 x $64.70 = $15,204,500

Re = 3.7% + 0.92(11.8% - 3.7%) = 11.15%

value of preferred stocks = 8,200 x $94.20 = $772,440

cost of preferred stocks = 4.6 / 94.2 = 5.46%

total value = $25,590,940

common stocks = 0.594

debt = 0.376

preferred stocks = 0.03

WACC = (0.594 x 11.15%) + (0.03 x 5.46%) + (0.376 x 6.07% x 0.78) = 6.6231% + 0.1638% + 1.78% = 8.57%

7 0

3 years ago

Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the

artcher [175]

Answer:

a. Journal Entry on September 1st, 2019:

Dr: Cash/ Bank $50,000

Cr: Short Term Loan $50,000

b. Journal Entry to accrue interest on December 31st, 2019 is:

Dr: Interest Expense $1,333.33

Cr: Accrues Interest Expense $1,333.33

c. Interest Expense on March 31st, 2020 is :

$1,000

d. The Total cash company will pay back on March 31st 2020:

52,333.33 (50,000 principal + 2,333.33 interest)

Explanation:

b. Annual Interest is $50,000×8% = $4,000 per annum.

The annual interest rate is prorated for 4 months (Sept 2019 -Dec 2019)

$4,000 *4/12 = $1,333.33

c. Interest expense for next fiscal year up till March 2020 is calculated by prorating annual interest expense for 3 months (Jan 2020- Mar 2020)

$4,000×3/12 = $1,000

8 0

2 years ago

PLS HELP ASAP WILL GIVE BRAINLIEST!!!

Lynna [10]

The answer is D because the monopoly is the hardest to get into.

8 0

3 years ago

Greer Company developed the following data for the current year:

bixtya [17]

Answer:

option (C) is correct.

Explanation:

Given that,

Beginning work in process inventory: $102,000

Direct materials used: 156,000

Actual overhead: 132,000

Overhead applied: 138,000

Cost of goods manufactured: 675,000

Total manufacturing costs: 642,000

Company's direct labor cost for the year:

= Total manufacturing costs - Overhead cost - Direct materials cost

= Total manufacturing costs - Overhead applied - Direct materials used

= $642,000 - $138,000 - $156,000

= $348,000

5 0

2 years ago

Alvin's Transport has total credit sales for the year of $182,000 and estimates that 3% of its credit sales will be uncollectibl

goldfiish [28.3K]

Answer:

S/n Account Title and Explanation Debit Credit

a. Bad Debt Expense $5,460

($182,000 sales x 3%)

Allowance for Doubtful Accounts $5,460

(To record bad debt expense)

b. Bad Debt Expense $5,460

($182,000 sales x 3%)

Allowance for Doubtful Accounts $5,460

(To record bad debt expense)

4 0

2 years ago