Answer:
Mountain and Meadow Tree services prepaid rent $6,600 on December 1 for 6 months rent.
Note for asset and expense accounts when they increase you debit and when they reduce you credit.
The first entry
On December 1 : Debit Prepaid Rent account for $6,600
Narration: Prepaid rent for 6 months
Balance: $6,600
Since the rent is for 6 months, monthly payment will be= 6,600/6= $1,100
On December 31 post the following adjusting entries
December 31 : Debit Rent Expense $1,100
Narration: Rent for December
Balance: $1,100
December 31 : Credit Prepaid Rent $1,100
Narration: Rent for December
Balance: $5,500
Answer:
b. a market penetration strategy
Explanation:
Market penetration means that it offered a greater products range at the lower price in order to outplayed the competitors and the customers for purchasing the product from the new company
Since in the given situation, it is mentioned that the free delivery is to be provided when purchase is more than $49.97 also the wider range is available
So the option b is correct
Answer:
A.- DECREASE
B.- DECREASE
C.- INCREASE
D.- INCREASE
E.- INCREASE
Explanation:
a. The discount rate increases
DECREASE the discoutn factors will be higher therefore, the present values lower.
b. The cash flows are in the form of a deferred annuity, and the total to $100,000. You learn that the annuity lasts for 10 years rather than 5 years, hence that each payment is for $10,000 rather than for $20,000
DECREASE Because the cashflow is generate on a longer period there is more exposure to discount rates.
c. The discount rate decreases
INCREASE The discount factor are lower. This situation is the opposite as (a)
d. The riskiness of the investment's cash flows <u>decreases</u>
INCREASE a lower risk derivates in lower cost of capital thus, lower iscount rates. This increase the present value of the cashflow.
e. The total amount of cash flows remains the same, but more of the cash flows are received in the earlier years and less are received in the later years.
INCREASE as most of the future cash flows are at the beginning they have less exposure to time value of money.
Answer:
They would need to have at least 3 computers
Explanation:
According to the given data we have the following:
Arrival rate = 15 persons per hour
Servicing rate = 60 / 10 = 6 persons per hour with one computer
Servicing rate with x number of computers = 6x per hour
Servicing rate at 90% utilisation = 6x (0.90) = 5.40x per hour
Therefore to service 13 arrivals per hour, we will need x computers = 15/ 5.40 = 2.78
With 2 computers, the service capacity will be 12 per hour and the utilisation will be 15/12 = 125%, which exceeds the organiser’s standard of 90% utilization.
With 3 computers, the service capacity increases to 18 persons per hour. If only 13 persons arrive, the utilisation rate will be 15 / 18 = 83.33%, below the required maximum of 90% utilisation.
Therefore, the 2.78 can be rounded off to next whole number 3 computers
Answer. You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies.
