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3 years ago

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A company requisitioned $40,000 in direct materials and $30,000 in indirect materials from the storeroom to be used in productio

n. The journal entry to record this transaction debits ______.

1 answer:

UNO [17]3 years ago

4 0

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According to the textbook, in which medium do advertisers spend the most money in

alexandr1967 [171]

Answer:

TV.

Explanation:

Advertising is understood to be any manifestation made by a company or seller in a public mass media, aimed at convincing individuals to consume the product that it produces and sells. Thus, all companies seek to capture market portions through the marketing of their products, where they make them known and generate expectations and needs in potential clients.

Nowadays, and since the 90's, the main advertising medium is television. Prior to this, radio, newspapers and magazines were at the forefront of advertising, until TV became a massive and common element in all American homes. Thus, companies guarantee their presence in every home by investing in television advertising.

Even so, in the near future it is estimated that it will be the internet where companies begin to advertise on a larger scale, given the displacement that this service is having over television.

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3 years ago

The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak

Gnoma [55]

Answer:

b) assessment lien.

Explanation:

In this scenario, The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file assessment lien.

Assessment lien can be defined as a hold or a legal claim on a property being owed by another, while benefiting from an improvement or modification made and shall be deducted from the client for the improvements made by a municipal owner.

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3 years ago

An investor can invest money with a particular bank and earn a stated interest rate of 13.20%; however, interest will be compoun

mr_godi [17]

The effective compound interest rate is 13.87%.

<h3><u>What is Compound Interest?</u></h3>

The interest on a loan or deposit that is calculated based on both the initial principle and the accumulated interest from prior periods is known as compound interest (also known as compounding interest).
Compound interest, sometimes known as "interest on interest," is said to have its roots in 17th-century Italy. Compared to simple interest, which is calculated solely on the principal amount, it will cause a sum to grow more quickly.
The frequency of compounding determines the rate at which compound interest accumulates.
The compound interest increases with the number of compounding periods.
For instance, during the same period of time, the amount of compound interest accrued on $100 compounded at 10% yearly will be less than $100 compounded at 5% semi-annually.

Nominal = interest rate

That is Nominal rate is also known as interest rate.

Nominal rate = 13.20%

The invested money is compounded quarterly.

Periodic = 13.2%/4 (quarterly)

Periodic rate = 3.30%

Now,

The interest rate that accounts for compounding over a specific time period is called the Effective Annual Interest Rate (EAR). The rate of interest that an investor can earn (or pay) in a year after taking into account compounding is known as the effective annual interest rate, to put it simply.

Effective annual rate = EFF% = [1 + (0.13200 / 4)]⁴ - 1 = 13.87%

Know more about Compound Interest with the help of the given link:

brainly.com/question/14295570

#SPJ4

3 0

2 years ago

Look in a recent issue of The Wall Street Journal at "NYSE-Composite Transactions."a. What is the latest price of IBM stock? b.

nydimaria [60]

Answer:

A) $191.08

B) The annual dividend = $0.85 per share

dividend yield = 1.78%

C) 3.14%

D) 13.74

E) $13.91

F) IBM's P/E at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

Explanation:

Referring the the recent issue of the wall street Journal at NYSE-Composite Transactions

A) The Latest price of IBM stock = $191.08

B) What are the annual dividend payment and the dividend yield on IBM stock

The annual dividend = $0.85 per share

dividend yield = 1.78%

C) calculate what the yield will become if yearly dividend is moved up to $1.50

first we find the price per share

price per share = annual dividend per share / current dividend yield

= 0.85 / 1.78% = 0.85 / 0.0178 = $47.75

since we now have the price per share value we can now calculate the dividend yield

dividend yield = annual dividend / price per share

= $1.50 / $47.75 = 0.0314

= 3.14 %

D) Calculate the P/E on IBM stock

= 13.74 times as it was traded for the last 12 months

E) calculate IBM's earnings per share using P/E

earnings per share = Price / P/E

Latest price of IBM stock = $191.08

P/E = 13.74

earnings per share = 191.08 / 13.74 = $13.91

F) IBM's P/E at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

7 0

3 years ago

The management of Retz Corporation is considering the purchase of a new machine costing $500,000. The company's desired rate of

kirill [66]

Answer:

The present value index is 0.91 which is less than 1. So, the investment should not be accepted.

Explanation:

Present Value Index : It shows the ratio between the sum of present value of all years cash inflows after applying the discount rate and initial investment.

In mathematically,

Present value index = Sum of present value of all years cash flows with discount rate ÷ Initial Investment

where,

Present value = Net cash flow × Discount rate

So,

Year 1 = $180,000 × 0.909 = $163,620

Year 2 = $120,000 × 0.826 = $99,120

Year 3 = $100,000 × 0.751 = $75,100

Year 4 = $90,000 × 0.683 = $61,470

Year 5 = $90,000 × 0.621 = $55,890

Now, Sum all the yearly cash inflows which equals to

= $163,620 + $99,120 + $75,100 + $61,470 + $55,890

= $455,200

So, the present value index = $455,200 ÷ $500,000 = 0.91

Hence, the present value index is 0.91 which is less than 1. So, the investment should not be accepted.

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3 years ago