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3 years ago

11

The shelby cobra retails for ?$47 comma 68447,684 ?(all taxes? included. what are the monthly loan payments for the car if you m

ake a down payment of ?$4 comma 0014,001?, the term is 55 years and the apr is 6.56.5?%? ? (car loan payments are made at the end of each? month.

1 answer:

Dmitry [639]3 years ago

4 0

The answer would be 7152. maybe hope it helps

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Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows. Journalize th

11111nata11111 [884]

Answer:

Canyon Ferry Boating Corporation

Journal Entries:

Debit Credit

Jan. 8: Stock Split

Jan. 8: Dividends: Preferred $9,600

Dividends: Common Stock $66,000

Dividends Payable $75,600

To record semiannual dividends declared.

July 1: Dividends Payable $75,600

Cash Account $75,600

To record the payment of the cash dividends.

Oct. 31: Dividends: Preferred $9,600

Dividends: Common Stock $33,000

Dividends Payable $42,600

To record semiannual dividends declared.

Oct. 31: Dividends: Common Stock $750,000

Dividends Payable $750,000

To record 5% dividend declared on the common stock.

Dec. 31: Dividends Payable $42,600

Cash Account $42,600

To record the payment of the cash dividends.

Dec. 31: Dividends Payable $750,000

Common Stock $750,000

To record the issue of certificates for the common stock dividend.

Explanation:

a) A decision by a company's board of directors to increase the number of outstanding shares through the issue of more shares to current shareholders is called a stock split. The purpose is to lower the market price of stock to a comfortable range for most investors, thereby increasing the liquidity of the shares. For example, in a 2-for-1 stock split, an additional share is given for each share held by a shareholder. The decision usually lowers the stock price and increases the number of shares by the same ratio, it does not necessitate for accounting records.

b) A stock dividend is payment to shareholders in the form of additional shares in the company, rather than as cash. There is no taxation on stock dividends until the shares granted are sold by their owners.

6 0

3 years ago

What would you do if you got conflicting answers for the same procedure from two different people you interviewed? What would yo

Gennadij [26K]

Answer:

The best solution will be to get the two individuals together to try and get a solution that is agreeable between two of them.

Explanation:

The role of a system analyst is not to make a decision about the best procedure to use, rather it is the responsibility of the users to do so.

The analyst is to facilitate a common ground that takes into consideration all views.

In the given scenario the department manager may be privy to information that the clerical person does not have. This will give a better view of processes that will be in line with business goals and objectives.

However the clerical staff pays more attention to details of business procedures. He is most likely more updated on business procedure that the department head.

The best way forward is the get the two of them together to trash out the differences of their procedures and come up with one that takes the managerial view of the department head and the detail oriented view of the clerical staff into consideration

6 0

3 years ago

Item 3Item 3 Cutter Enterprises purchased equipment for $87,000 on January 1, 2018. The equipment is expected to have a five-yea

Rus_ich [418]

Answer:

$27,400 and $59,600

Explanation:

The computation of the depreciation expense and the book value using the sum of-the-years'-digits method is shown below:

Depreciation expense is

= (Purchase cost - residual value) × useful life ÷ sum of years

= ($87,000 - $4,800) × 5 years ÷ (5 + 4 + 3 + 2 + 1)

= $27,400

And, the book value is

= Purchase cost - depreciation expense

= $87,000 - $27,400

= $59,600

8 0

3 years ago

Taxable income and pretax financial income would be identical for Indigo Co. except for its treatments of gross profit on instal

sergejj [24]

Answer:

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability $6,570.00

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets $2,250.00

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets $2,250.00

Explanation:

Preparation of the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019, 2020, and 2021

INDIGO CO. JOURNAL ENTRIES

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets ($10,000*45%) $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability ($14,600*45%) $6,570.00

(Being current income tax and deferred taxes)

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

5 0

3 years ago

In 100 words, identify the IS components needed for SSE, and explain them in terms of SSE.

Sever21 [200]

Ill get banned if we write all that but i can make it on google slides

3 0

4 years ago

Read 2 more answers