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LenaWriter [7]
3 years ago
9

July 31: during july, ps music provided guest disc jockeys for kxmd for a total of 115 hours. the contract requires ps music to

provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600, which ps music has already received payment for. any additional hours beyond 80 will be billed to kxmd at $40 per hour.
Business
1 answer:
Cloud [144]3 years ago
5 0

Answer:

The journal entries to record service revenue during July should be:

Dr Cash 3,600

    Cr Service revenue (80 hours per month) 3,600

Dr Accounts receivable [(115 - 80 hours) x $40] 1,400

    Cr Service revenue 1,400

Since the company has collected only the regular hours provided according to the contract, the remaining hours should be recorded as accounts receivable.

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Adrienne had contracted to convey real estate to rich. however adrienne died before the conveyance is completed. what is the sta
kondaur [170]
If he chose to, Rich can enforce the contract against Adrienne's estate. This is because, sickness or death of a promisor is not an avenue or excuse for non-performance in contracts such as this, which  can easily be delegated to another person for performance. 
3 0
3 years ago
Common misconception about entrepreneurship
Y_Kistochka [10]

Answer:

1. Entrepreneurs can only be successful if they have large funding backing them.

2. Entrepreneurs have cushy hours.

3. Entrepreneurs have to do everything themselves.

5. Entrepreneurs have to take huge risks.

7. Entrepreneurs are never stressed out.

8. Entrepreneurs are all wealthy.

9. Entrepreneurs are their own boss.

10. Entrepreneurs have more personal time.

4 0
3 years ago
Memorial Hospital CEO conducts performance reviews of the hospital's departments and discovered that the average cost of deliver
lora16 [44]

Answer:

Memorial Hospital

From the information on how much the hospital is losing on deliveries, the change in profit for each extra delivery is:

= 16.3%.

Explanation:

a) Data and Calculations:

Average cost of deliveries = $5,000

Average revenue per delivery = $4,300 ($5,000 - $700)

Loss on each delivery = $700

The change in profit for each extra delivery is

= 16.3% ($700/$4,300 * 100)

b) The implication of the above information is that the hospital is losing 16.3% each time it performs a delivery because it cost it $5,000 while it can only receive $4,300 from each patient delivered.

4 0
2 years ago
Scampini Technologies is expected to generate $25 million in free cash flow next year, and FCF is expected to grow at a constant
Feliz [49]

Answer:

The stock’s value per share is $10.42

Explanation:

For:    

FCF1 = Expected cash flow of the firm

        = $25 million  

WACC = 10%    

g = 4%    

Firm value = FCF1/(WACC - g)    

                  = 25,000,000/(0.10 - 0.04)    

                  = $416,666,666.67    

We know that there is no debt & preferred stock, so the firm value will be equal to Equity value :

Firm value = Equity value

                 = $416,666,666.67

stock value per share = Equity Value/No. of share outstanding

                                     = $416,666,666.67/40,000,000

                                     = $10.42 per share

Therefore, The stock’s value per share is $10.42

7 0
3 years ago
The Central Hydraulic Supply Company is a distributor of hydraulic supplies in the Midwest. Central handles standard fittings, t
Sidana [21]

Answer:

Check the explanation

Explanation:

The Economic Order Quantity EOQ= SQRT(2*D*Co/Ch),

Where Square root, SQRT, D is the annual demand , Co Cost of order and Ch is the cost of holding

Here annual Demand D =20500

Cost of order Co = 50 $

Cost of holding Ch= 20% of Cost of purchasing = 20%*$14 = $2.8

EOQ = SQRT(2*20500*50/2.8) = SQRT(732142.85) = 855 Units

Minimum TAC can be calculated in two ways

1) With Formula , Minimum TAC = SQRT(2*D*Co*Ch) = $2395.83

2) Without Formula , I.e Cost of Oreder+ Cost of Holding

=(20500/855)*$50 + (855/2)*$2.8 = 2395.83

Where 20500/855 is the number of orders, and 855/2 is the average stock

B) If 500 units purchased at a time

Then Number of orders = 20500/500 = 41 orders in year

Total cost ordering = 41*$50 = $2050

Inventory holding cost = Average inventory * holding cost =

= 500/2*$2.8 = 700

the Total/overall annual cost inventory = $2050+$700 = $2750

3 0
3 years ago
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