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2 years ago

What is the answer?? No links

Business

2 answers:

Maslowich2 years ago

6 0

Answer:

Explanation:

get big brain kid not good kid get better bro

creativ13 [48]2 years ago

6 0

The answer is actually B. Congress passed the act on July 30, 1953. I hope this helps!!

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You are looking to buy a car and you have been offered a loan with an APR of 5.7 %, compounded monthly. a. What is the true mon

lukranit [14]

Answer:

Monthly Interest rate = 0.475%

EAR = 5.85%

Explanation:

APR = 5.7%

Monthly Interest rate = APR / n

Monthly Interest rate = 5.7% / 12

Monthly Interest rate = 0.475%

APR = 5.7%

m = 12

EAR = [ ( 1 + (APR / m))^m] - 1

EAR = [( 1 + (0.057 / 12))^12] - 1

EAR = [( 1 + 0.00475 )^12] - 1

EAR = [( 1.00475 )^12] - 1

EAR = 1.0585 - 1

EAR = 0.0585

EAR = 5.85%

True monthly rate of interest is 0.475%

EAR is 5.85%

5 0

2 years ago

A review of the ledger of Wildhorse Company at December 31, 2020, produces the following data pertaining to the preparation of a

Neko [114]

Answer:

Salaries expense 5,190

Salaries payable 5,190

unearned rent revenue 90940 debit

rent revenue 90940 credit

advertizing expense 6,800 debit

prepaid advertising 6,800 credit

interest expense 3,934 debit

interest payable 3,934 credit

Explanation:

Salaries accrued

5 employes $750 each = 3750

3 employees $480 each = 1440

Total = 5190

Rent revenue

$6,670 per month x 5 lease x 2 months (from Nov 1st to Dec 31st) =66700

$6,060 per month x 4 lease x 1 month = 24240

total 90940

advertizing:

8,400 / 12 months x 8 months expired = 5600

9,600 / 24 months x 3 months expired = 1200

total 6,800

interest on note payable:

principal x rate x time

56,200 x 12% x 7/12 = 3,934

8 0

2 years ago

A business owner makes 1,000 items a day. Each day she contributes eight hours to produce those items. If hired, elsewhere she c

Olin [163]

Answer:

Accounting profit=$300,000

Explanation:

Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred.

It is the difference between the total revenue and the total explicit costs. Explicit costs are those transaction cost incurred to generate revenue . E.g the cost of the material , labour, expenses e.tc.

On the other hand, economic profit includes accounting profit plus opportunity cost. Opportunity cost is the value of the benefits sacrificed in favour of a decision.

Accounting profit = Sales revenue - Explicit cost

Sales revenue = Price × units sold= $15× 1000× 30 = $450,000 1

Explicit cost = $150,00

Accounting profit = $450,000- 150,000 = $300,000

Accounting profit=$300,000

Note we ignore the amount she could have earned because it is an implicit cost

4 0

3 years ago

Assume that the custodian of a $450 petty cash fund has $57.10 in coins and currency plus $387.00 in receipts at the end of the

postnew [5]

Answer:

e a debit to cash for 396.50

7 0

3 years ago

Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 20X9. On the date of acquisit

Olenka [21]

Answer:

Land in the consolidated balance sheet 650,000

Explanation:

In the consolidated balance sheet, the land of the controlled firm will be at fair value. But, the parent land will be kept at cost as there wasn't a transaction with a third party to validate the market value. Because of this and according to the conservatism principles about assets valuation the aldn must be at cost.

Land:

Princeton 150,000 book value

Sheffiled 500,000 market value

Total 650,000

4 0

3 years ago