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kotegsom [21]
3 years ago
12

A painter pays $500 for paint he uses to repaint a house. he then presents a bill for $1200 that covers his time and expenses to

the homeowner. how much do these transactions add to gdp?
Business
1 answer:
Mazyrski [523]3 years ago
8 0
$1200
Hope this helps!!
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falcon company grants stock options to its upper and middle management employees. the options vest over a 4-year period, with 25
frutty [35]

There is a deadline specified in the stock option agreement by which you must exercise your options or they will expire (typically 10 years). An option will automatically convert to long or short shares of stock in the underlying if it expires in-the-money.

<h3>What is  stock options?</h3>
  • One type of payment is stock options. Employees, independent contractors, consultants, and investors may be granted them by businesses. These contracts, or options, provide employees the right to purchase or exercise a predetermined number of shares of company stock at a defined price, or the grant price.
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5 0
1 year ago
Marigold Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $12
olga nikolaevna [1]

Answer:

The journal entry for the following is shown below:

Explanation:

The journal entry for the following is as follows:

Bad Debts Expense A/c................................Dr  $3,600

       Allowance for Doubtful Accounts A/c......Cr  $3,600

Being the adjusting entry for bad debt expense

Working Note:

Using the percentage of accounts receivable computing the amount of bad debt expense as:

Allowance for doubtful accounts = Accounts receivable × %

= $120,000 × 4%

= $4,800

Now, computing the bade debt expense as:

Bad debt expense = Allowance for doubtful debts - Credit balance

= $4,800 - $1200

= $3,600

4 0
3 years ago
Given the mixed cost formula, Y = $16,000 + $3.40X, total cost for an activity level of 4,000 units would be:
Katyanochek1 [597]

Answer:

D) $29,600

Explanation:

The mixed cost formula gives the relationship between the cost and the level of activities. It shows the cost as a function of the activity level.

The formula also shows that the cost is made up of a fixed element ($16,000) and a variable element ($3,40X).

Hence at an activity level of 4000 units,

Y = $16,000 + $3.40(4000)

= $29,600

7 0
3 years ago
Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $5,000 under each of the fol
Paraphin [41]

Solution :

Annual payment = $\$ 5000$

1. The rate of interest annually = 12%

Present value $=\$5000 \times \text{PVA of} \ \$1(12\%, 5)$

                      $=\$5000 \times 3.60478$

                     = $ 18,023.90

2. The rate of interest annually = 12%

Present value $=\$5000 \times \text{PVAD of} \ \$1(12\%, 5)$

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3. The rate of interest annually = 12%

The rate of interest quarterly = 3%

Present value = $\$5000 \times \text{PV of} \ \$1(3\%, 4) + \$5000 \times \text{PV of} \ \$1(3\%, 8) +\$5000 \times \text{PV of} \ \$1(3\%, 12) $ $+\$5000 \times \text{PV of} \ \$1(3\%, 16) + \$5000 \times \text{PV of} \ \$1(3\%, 16)$

$= \$5000 \times 0.88849 + \$5000 \times 0.78941 + \$5000 \times 0.70138 + \$5000 \times 0.62317 + \$5000 \times 0.55368$$=\$ 17,780.65$

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Vikki [24]

Answer:

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