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zloy xaker [14]
3 years ago
12

Commission earned but not received is debit or credit?​

Business
1 answer:
Fed [463]3 years ago
4 0
It will be debit ...... sorry for all the dots had to make it longer
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To be effective issuing and investing in bonds, knowledge of their terminology, characteristics, and features is essential. For
Gnesinka [82]

Answer: See explanation

Explanation:

A bond’s (face value) is generally $1,000 and represents the amount borrowed from the bond’s first purchaser.

A bond issuer is said to be in (default) if it does not pay the interest or the principal in accordance with the terms of the indenture agreement or if it violates one or more of the issue’s restrictive covenants.

A bond contract feature that requires the issuer to retire a specified portion of the bond issue each year is called a (sinking fund provision).

A bond’s (call provision) gives the issuer the right to call, or redeem, a bond at specific times and under specific conditions.

The face value is the dollar value of a security, or a stock's original cost. Default means when the bond issuer doesn't agree with the stated terms of the bond.

4 0
3 years ago
Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs
spin [16.1K]

Answer:

At year-end, factory overhead is $21,000

Explanation:

Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)

Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs

Hence, Applied overhead costs= (20% * $1,810,000)

Applied overhead costs=$362000.

Hence balance in factory overhead account at year end = $383,000 - $362,000  

=$21,000.

8 0
3 years ago
Which of the statements below is​ FALSE? A. Common​ stock's ownership claim on the assets and cash flow of a company is often re
elixir [45]

Answer:

The option B. The profits for common stock owners come before payment to​ employees, suppliers,​ government, and creditors. is the false statement.

Profit is any amount that is left after setting aside the cost and liabilities. It is financial gain which is represented by the difference between the amount that is spent and the amount that has been earned or gained. Whereas common stock is a kind of a common share holder equity which also considered to be a type of a security.

8 0
3 years ago
Examples of transaction costs include ​(check all that​ apply): A. the cost of the externality. B. the cost of monitoring an agr
Paha777 [63]

Answer:

The correct answer is option B, C, and E.

Explanation:

Transaction cost refers to the cost incurred on resources and time necessary for facilitating exchange of goods and services.

Among the given options, the examples of transaction cost is cost of monitoring an agreement, the cost of drafting a contract or agreement, and the time required to negotiate an agreement.

All these costs are incurred in order to facilitate exchange of goods and services.

The problem of externalities can have efficient private solution if these transaction costs are low otherwise the governement has to intervene to efficiently allocate resources.

3 0
3 years ago
Products is considering producing toy action figures and sandbox toys. The products require different specialized​ machines, eac
just olya [345]

Answer:

Answer explained below

Explanation:

A. Calculation of Payback Period

1. For Toy Action Figure

Total Investment = $ 1,000,000

First Two Years' Net Cash Flow= $ 371500 + $ 371500

= $ 743,000

Balance Investment to be Recovered from Third Year Cash Flow= Total Investment - First-two Year Net Cash Flow

= $ 1,000,000 - $ 743,000

= $ 257,000

Third Year Net Cash Flow = $ 371,500

Payback period = 2 Years + (12MOnths* $ 257000) / $ 371,500

= 2 Years + 8.30 Months

= 2 Years 8.30 Months

2. For Sandbox Toy Project

Total Investment = $ 1,000,000

First Two Years' Net Cash Flow= $ 540000 + $ 390000

= $ 930,000

Balance Investment to be Recovered from Third Year Cash Flow= Total Investment - First-two Year Net Cash Flow

= $ 1,000,000 - $ 930,000

= $ 70,000

Third Year Net Cash Flow = $ 310,500

Payback period = 2 Years + (12 Months* $ 70000) / $ 310,500

= 2 Years + 2.71 Months

= 2 Years 2.71 Months

B. ARR of the Projects

1. For Toy Action Figure

Total Cash Flows (Given) = $1,857,000

Total Investment (Given) = $ 1,000,000

Net Income= Total Cashflows - Total Investment

= $ 1,857,000 - $ 1,000,000

, = $ 857,000

ARR Year basis = ($ 857,000 / $ 1,000,000)*100 / 5 Years

= 17.14%

2. For Sandbox Toy

Total Cash Flows (Given) = $1,535,000

Total Investment (Given) = $ 1,000,000

Net Income= Total Cashflows - Total Investment

= $ 1,535,000 - $ 1,000,000

= $ 535,000

ARR Year basis = ($ 535,000 / $ 1,000,000)*100 / 5 Years

 = 10.70%

So, Company Internal Policy for both the Project is Fulfill but as per the calculation shown above company should invest in Toy Action Figure Because It will within the payback period and earn maximum Return to the company,

And

If the Sandbox Toy has $ 200,000 Residual value then also the income will not exceed the Toy figure so answer will not change in this condition also.

4 0
3 years ago
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