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3 years ago

If the lease factor is given as 0.00065, what interest rate is that equivalent to?

1 answer:

5 0

As a handy tip, we were told that in order to convert the lease factor of a certain amount or transaction to interest rate, we just have to multiply the value by 2, 400.
interest rate = (0.00065)(2400) = 1.56%
Thus, the answer for this item is 1.56%.

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In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending

MaRussiya [10]

Answer:

$192,000

Explanation:

Using the weighted-average method the Costs to be accounted for will be:

Cost of ending work in process inventory$31,000

Add Cost of units transferred out $161,000

Total cost accounted for$192,000

Therefore using the Weighted average method the cost to be accounted for will be $192,000

3 0

2 years ago

Mr. A, a cash-basis taxpayer, sold his business in the current year for $120,000. The contract allocated $40,000 to inventory an

Leona [35]

Answer:

$2,000 ordinary gain and $15,000 long term capital gains

Explanation:

Under the installment method, the taxpayer will recognize gains based on the installments that they actually receive, not the whole contract. This method is generally used for real estate transactions that involve installments payments during several years.

In this case, Mr A received $60,000:

$40,000 for inventory, so gain = $40,000 - $38,000 = $2,000 ordinary gain

$20,000 for real property (25% of transaction price) = $20,000 x [($40,000 - $20,000) x 25%] = $20,000 - $5,000 = $15,000 long term capital gains

4 0

2 years ago

Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company

BlackZzzverrR [31]

Answer:

Db Accounts Payable or Cash____900

Cr Inventory account__________________900

Explanation:

The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.

8 0

2 years ago

Flo is considering three mutually exclusive options for the additional space he plans to add to the K-State Superstore. The cost

Dima020 [189]

Answer:

B) Children’s clothing only

Explanation:

cost of the expansion $148,000

three mutually exclusive projects:

NPV $221,000 for children’s clothing ≥ $148,000 (initial investment)
NPV $178,000 for exclusive gifts ≥ $148,000 initial investment
NPV $145,000 for decorator items ≤ $148,000 initial investment

The projects whose NPV is positive should be considered (this eliminates decorator items)

Since the projects are mutually exclusive, only one can be chosen. So the project with the highest NPV is the best project for the store ⇒ children's clothing

3 0

2 years ago

Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensu

ser-zykov [4K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0

3 years ago