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3 years ago

Juniper Bush Farm has a December 31 fiscal year end. The company has six notes payable

1 answer:

4 0

Juniper Bush Farm has a December 31 fiscal year end. The company has six notes payable
outstanding on December 31, 2014, as follows:
i. A nine-month, 5%, $25,000 note payable issued on July 1, 2014. Interest is payable
monthly on the first day of each month starting on August 1.
ii. A six-month, 4%, $10,000 note payable issued on September 1, 2014. Interest and
principal are payable at maturity.
iii. A seven-month, 4.5%, $40,000 note payable issued on November 1, 2014. Interest and
principal are payable at maturity.

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An accounting professor is considering opening his own consulting firm. To do so, she will have to quit her current job, that pa

qwelly [4]

Answer:

The answer is "$100,000"

Explanation:

Please find the complete question in the attached file.

Given value:

$\text{Employees salary}= \$ 80,000\\\\\text{Insurance}= \$ 6,000\\\\\text{Utility cost}=\$ 5,000\\\\\text{Supplies}= \$ 9,000$

$\text{Annual Explicit costs}= ?$

Formula:

$\text{Annual Explicit costs}= \bold{\text{Employees salary}+ \text{Insurance}+ \text{Utility cost}+ \text{Supplies}}$

$= \$ 80,000 + \$ 6,000 + \$ 5,000 + \$ 9,000\\\\= \$ 80,000 + \$ 20,000\\\\= \$ 100,000$

8 0

2 years ago

Is it true or false that once all franchis is paid for all profit goes to the entrepreneur

MA_775_DIABLO [31]

This statement is false.

When an entrepreneur buys into a franchise they will always have franchise fees, even after their intial investment is paid for. The additional fees that they always pay include charges for things like marketing and royalties. These fees are normally based on a percentage of a business’s sales.

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3 years ago

A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i

Lostsunrise [7]

You can tell that the costumer is impatient and appears to be after what they are looking for.

3 0

3 years ago

Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 27,000 units.

Irina-Kira [14]

Answer:

------- JULY AUGUST. SEPTEMBER

Sales 210,000. 300,000 270,000

Ending. 45,000. 40,500. 27,000

total

required. 255,000. 340,500. 297,000

Beginning (31,500) (45,000) (40,500)

purchase 223,500. 295,500. 256,500

Explanation:

the ending would be next month sales times 15%

July ending

August sales x 15%

300,000 x 15% = 45,000

August Ending

September sales x 15%

270,000 x 15% = 40,500

September Ending

October sales x 15%

180,000 x 15% = 27,000

we will add the sales and the desired ending to get the total required for each month

last step we subtract the beginning inventory for each month, as those units are already there and don't need to purchased.

the ending of one month will be the beginning of the next month.

July ending is August beginning

August ending is September beginning

6 0

3 years ago

Holly would like to plan for her daughter’s college education. She would like for her daughter, who was born today, to attend co

Ugo [173]

Answer:

Holly must save $2845.81 at the end of each year

Explanation:

first calculate the value of tuition fees at n = 18

Cash flow formula = Tuition × $(1+0.07)^{n}$

Discounted CF formula = Cash flow ÷ $(1+0.10)^{year}$

10.00% 0

Year Cash flows Discounted CF

0 33,799.32 33799.32

1 36,165.28 32877.52

2 38,696.84 31980.86

3 41,405.62 31108.66

FV = $129,766.37

PV = 0

N = 18

rate = 10%

using PMT function in Excel

Annual contribution = $2845.81

4 0

3 years ago