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2 years ago

Question 9 of 20

Business

1 answer:

inna [77]2 years ago

4 0

Answer: C. An estimate that offers to provide goods and services at a

specified price and sometimes by a specified date

Explanation:

is the correct answer

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When the accounts of Blue Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual

torisob [31]

Answer:

1.-

insurance expense 1,020 debit

prepaid insurance 1,020 credit

2.-

rent revenue 1,650 debit

cash 1,650 credit

cash 1,650 debit

unearned revenue 1,650 credit

unearned revenue 1,100 debit

rent revenue 1,100 credit

3.-

advertizing expense 535 debit

advertizing supplies 535 credit

4.-

interest expense 802 debit

interest payable 802 credit

Explanation:

2-years of 4,896 AKA 24 months

months outstanding during the year: August 1st to December 31th: 5 months

4,896 x 5/24 = 1,020

purchases of advertising materials 801

materials on hand at year-end (266)

advertising expense 535

we must reverse the entry as the rent revenue wasn't accrued yet we have unearned revenue and at year-end we adjust for the earned protion which is 2 months: 1,650 x 2/3 = 1,100

as the inerest are accrued it means we aren't paying them at year-end

5 0

3 years ago

Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72

KIM [24]

Answer:

The amount of quick assets is $98,000

Explanation:

All the current assets which can be quickly converted into cash are the quick assets. Inventory is not the p[art of this because it take much longer time to convert into cash than other current assets.

Cash $25,000

Accounts receivable $35,000

Prepaid expenses $2,000

Marketable securities $36,000

Quick Assets $98,000

Inventory 72,000 (excluded)

Following account are other than Current Accounts

Fixed Assets

Intangible assets 40,000

Long-term investments 100,000

Property, plant, and equipment 400,000

Liabilities

Long-term liabilities 75,000

Accrued liabilities 7,000

Accounts payable $ 30,000

Notes payable (short-term) 20,000

5 0

3 years ago

Anna11 [10]

Answer:

bond interest expense is deductible for tax purposes, while dividends paid on stock are not.

Explanation:

Bonds may be defined as the instrument of the indebtedness of bonds issuers to holders. A bonds helps a company to save to taxes as the bond's interest is tax deductible whereas on equity the dividend is paid after the tax profits. Thus bonds are an popular source of financing.

4 0

3 years ago

tai sao khi định hướng chiến lược cho quá trình thiết kế các dự án, doanh nghiệp phải xác định mục tiêu cho dự án

grigory [225]

Answer:huh

Explanation:

3 0

3 years ago

Sommer, Inc., is considering a project that will result in initial aftertax cash savings of $1.79 million at the end of the firs

iren [92.7K]

Answer:

Maximum initial cost would be $58,116,883.12

Explanation:

1,790,000 increased at 3%

$WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})$

Ke 0.119 + 0.02 = 0.139

ER 0.15

Kd(after-tax) Kd(1-t) = 0.047

DR 0.85

$WACC = 0.139(0.15) + 0.047(.85)$

WACC 0.06080

Now that we have the rate, we calculate the present value using the gordon method

1,790,000 / (0.06080-0.03) = 58,116,883.12

4 0

2 years ago