The general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
Based on the information given since Alicia Tax Services paid the amount of $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:
Debit Accounts payable $690
Credit Cash $690
(To record account payable)
Inconclusion the general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
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Answer:
False
Explanation:
This kind of unemployment is temporarily one, usually due to persons looking for a job change, whatever the reason, for example new oportunities, better salary, or another one.
In general, it is caused by individual events.
Answer:
Cash 27,550 debit
credit card fee 1,450 debit
A/R 29,000 credit
--to record sales for Mastercard--
COGS 22,200 debit
Inventory 22,200 credit
--to record cost of good sold for the previous sale--
Cash 5,664 debit
credit card fee 236 debit
A/R 5,900 credit
--to record sales for Mastercard--
COGS 3,450 debit
Inventory 3,450 credit
--to record cost of good sold for the previous sale--
Explanation:
The credit card charges a fee and provides cash for the firm. It removes the effort to collect from the customer.
master card fee and net proceeds:
29,000 x 5% = 1,450
net: 29,000 - 1,450 = 27,550
bank credit card fee and net proceeds:
5,900 x 4% = 236
net 5,900 - 236 = 5,664
Answer:
The stock is overvalued because the CAPM return for the stock is 12.26%
Option d is the correct answer.
Explanation:
Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate. If the expected return on a stock is less than the required rate of return, a stock is said to be overvalued and vice versa.
The formula for required rate of return under CAPM is,
r = rRF + Beta * rpM
Where,
rRF is the risk free rate
rpM is the market return
r = 0.041 + 1.2 * 0.068
r = 0.1226 or 12.26%
The stock is overvalued because the CAPM return for the stock is 12.26%
Answer:
Turn-key project
Explanation:
Based on this scenario, it can be said that the foreign entry mode being used is known as a Turn-key project. This term refers to when a construction project is completely undertaken by the developer and they take full responsibility of from the design to the completion of the entire project, thus handing the project to the buyer and in ready to use condition. Which is exactly what Southwest Petroleum is doing for its clients.
