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3 years ago

Journalize transactions and follow through accounting cycle to preparation of financial statements.

Business

1 answer:

MrRa [10]3 years ago

8 0

Answer:

Salaries expense DR. $1220

Cash Cr. $1220

Cash Dr. $1860

Account receivable Cr. $1860

Cash Dr. $3810

Account receivable Cr. $3810

Purchases Dr. $3900

Cash Cr. $3900

Explanation:

Accounts payable Dr. 2600

Cash Cr. $2600

Rent expense Dr. $450

Cash Cr. $450

Account receivable Dr. $980

Services Cr. 980

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A stock has a beta of 1.4, an expected return of 17.2 percent, and lies on the security market line. A risk-free asset is yieldi

andrew-mc [135]

Answer:

the portfolio's return will be Ep(r)= 9.2 %

Explanation:

if the stock lies on the security market line , then the expected return will be

Ep(r) = rf + β*( E(M)- rf)

where

Ep(r) = expected return of the portfolio

rf= risk free return

E(M) = expected return of the market

β = portfolio's beta

then

Ep(r) = rf + β*( E(M)- rf)

E(M) = (Ep(r) - rf ) / β + rf

replacing values

E(M) = (Ep(r) - rf ) / β + rf

E(M) = ( 17.2% - 3.2%) /1.4 + 3.2% = 13.2%

since the stock and the risk free asset belongs to the security market line , a combination of both will also lie in this line, then the previous equation of expected return also applies.

Thus for a portfolio of β=0.6

Ep(r) = rf + β*( E(M)- rf) = 3.2% + 0.6*(13.2%-3.2%) = 9.2 %

Ep(r)= 9.2 %

5 0

3 years ago

Pharoah Company has accumulated the following budget data for the year 2020. 1. Sales: 31,410 units, unit selling price $89. 2.

Rama09 [41]

Answer:

Computation of cost of goods sold for 2020

Direct materials(1 pound× $5 ) $5

Direct labor(3 hours × $12) $36

manufacturing overhead ($8 × 3 hours) $24

Total unit cost $65

Budgeted multiple-step income statement for 2020

Sales ( 31,410 units × $89) 2,795,490

Less Cost of Sales (31,410 units × $65) (2,041,650)

Gross Profit 753,840

Less Operating Expenses :

Selling and administrative expenses: (170,000)

Operating Income 583,840

Less Non - Operating Expenses

Interest expense (30,000)

Income before income taxes 553,840

Income tax (553,840×30%) (166,152)

Income After income taxes 387,688

Explanation:

Cost of Sales = all manufacturing costs

Multi step - Income Statement separates income generated from Primary Activities of the Company (Operating Income) with Income generated from Secondary Activities of the Company (Non-Operating Income)

6 0

2 years ago

Consider the following alternatives: i. $ 140 received in one year ii. $ 240 received in five years iii. $ 350 received in 10 y

Svetradugi [14.3K]

Answer:

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

Raking 2% interest rate:

1) 10 years

2) 5 years

3) 1 year

Raking 18% interest rate:

1) 1 year

2) 5 years

3) 10 years

Explanation:

You have to apply to bring the amount of money to present value, according with the information, the formula is the next:

Present Value = Future Value/((1+ interest rate)^(n))

Where n is the number of years that you have to wait to receive the money.

You have to calculate every situation with the respective amount of time and interest rate, the result must be money. and when you get the 9 results, you have to compare every situation and chose the higher amount of money according to the interest rate, for example:

Present value = 140/ ((1+10%)^(1))= 127

= 140/ ((1+10%)^(5))= 149

= 140/ ((1+10%)^(5))= 135

So the answer for the first scenario with an interest rate of 10% is:

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

5 0

3 years ago

Apex Corp. asks its consumers to determine how they perceive the similarities and dissimilarities among relevant product attribu

8_murik_8 [283]

Answer: (C) Perceptual mapping

Explanation:

The perceptual mapping is one of the type of technique that is used by the marketers for visually displaying the different types of perceptions of the consumers and the users.

It is also known as the market mapping technique that is used for the developing the various types of brands and the products in the market for based on the customer perspective.

According to the given question, the Apex corp. is using the perpetual mapping technique for determining the different types of product attribute in the market.

Therefore, Option (C) is correct answer.

6 0

3 years ago

Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The

natulia [17]

Answer:

Standard cost Supplies= $3,480

Explanation:

Giving the following information:

The cost formula for catering supplies is $400 per month plus $82 per job plus $10 per meal.

The company expected its activity in September to be 20 jobs and 144 meals.

To calculate the total budgeted cost, we need to multiply the standard cost for the planned production:

Standard cost Supplies= 400 + (82*20) + (10*144)

Standard cost Supplies= $3,480

4 0

3 years ago