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2 years ago

Prepare adjusting entries for the following transactions.

Business

1 answer:

kramer2 years ago

3 0

Answer:

that is the correct amout because that is what it adds up to

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Which of the following characteristics would lead the auditor to assess control risk at a higher level?a. It is difficult for th

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Answer:

E. All of the above.

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3 years ago

You are considering a project which will provide annual cash inflows of $4,500, $5,700, and $8,000 at the end of each year for t

liraira [26]

Answer:

Total PV= $15,103.49

Explanation:

Giving the following information:

Cf1= 4,500

Cf2= 5,700

Cf3= 8,000

Discount rate= 9%

To calculate the present value, we need to use the following formula on each cash flow:

PV= FV/(1+i)^n

Cf1= 4,500/(1.09)= $4,128.44

Cf2= 5,700/1.09^2= $4,797.58

Cf3= 8,000/1.09^3= $6,177.47

Total PV= $15,103.49

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2 years ago

Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding c

WINSTONCH [101]

Answer:

Kayak Co.

Cash Budget

January February March

Cash inflows: $525,000 $400,000 $450,000

Cash outflows: ($475,000) ($350,000) ($525,000)

Monthly cash flow: $50,000 $50,000 ($75,000)

Monthly interests: ($600) ($106) $0

Initial cash balance: $30,000 $30,000 $69,294

Ending cash balance: $79,400 $79,894 ($5,706)

Required bank loan: $0 $0 $35,706

Payment of bank loan: ($49,400) ($10,600) $0

Total $30,000 $69,294 $30,000

Explanation:

Cash Receipts Cash Disbursements

January $525,000 $475,000

February $400,000 $350,000

March $450,000 $525,000

A cash budget is the estimation of the business's future cash flows including estimated revenues and expenses.

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2 years ago

Item 13 assume markup percentage equals desired profit divided by total costs. what is the correct calculation to determine the

xz_007 [3.2K]

The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.

Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.

Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.

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1 year ago

Governments collect taxes to ensure that

VladimirAG [237]

Answer:

Your eligible to take care of your self and pay things you have going on including: Depth, Late payment, Rent

Explanation:

5 0

3 years ago