The letters A, B, C, D, E, F, G are called what?

Sheffield Marina has 300 available slips that rent for $1,000 per season. Payments must be made in full by the start of the boat

PolarNik [594]

Answer:

Please refer below the journal entries along with their explanation

Explanation:

Journal Entries for December 31, 2017

2018 season

Cash (300 x $1000) Debit $300,000

Unearned Revenue Credit $300,000

(To record rent revenue for the year ended Dec 31, 2017).

Journal Entries for October 31, 2018

2018 season

Unearned Rent Debit $300,000

Rent Revenue Credit $300,000

Journal Entries for December 31, 2018

2019 season

Cash (240,000-9,600) Debit $230,400

Discount Debit $9,600

Unearned Revenue Credit $240,000

For 2019 season, renters shall avail the discount of 4% on 56 slips i.e. 240 x 1000 = 240,000

Discount = 240,000 x 0.04 = 9,600

2020 season

Cash (56,000-10,080) Debit $45,920

Discount Debit $10,080

Unearned Revenue Credit $56,000

For 2020 season, renters shall avail the discount of 18% on 56 slips i.e. 56 x 1000 = 56,000

Discount = 56,000 x 0.18 = 10,080

5 0

3 years ago

Production and sales estimates for June are as follows:

barxatty [35]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Expected sales volume (units):

Area X 4,000

Area Y 10,000

Area Z 6,000

Unit sales price $25

The total budgeted sales are the result of multiplying the sales in units for the selling price:

Total sales= selling price* number of units

Total sales= (4,000 + 10,000 + 6,000)*25= $500,000

4 0

4 years ago

Four portfolio managers have generated superior performance against each of their benchmarks and the stock market in general. Th

rusak2 [61]

Answer:

<u>d. Increases allocation to any stock that changes its corporate name</u>

<u>Explanation</u>:

This manager that does this practice is least likely to replicate performance because that is an unprofessional practice.

In most cases when there is a change in the name of a stock it indicates a red signal that the stock price is bad and thus the company may decide to change it's name, thus the future performance of the company diminishes.

5 0

3 years ago

mz technologies’ dividend growth is expected to decline gradually. for the next four years, the growth is expected to be 20%. in

Cloud [144]

Answer:

$9.00

Explanation:

Note: See the attached file for the calculation of PV of year 1 to 7 dividends.

Price at year 7 = year 8 dividend / (Rate of return - Perpetual growth rate) = (0.5747245056 * 1.05) / (10% - 5%) = $12.0692146176

PV of price at year 7 = $12.0692146176 / (1.10)^7 = $6.19341546169015

Current price = Sum of PV of years 1 to 7 dividends + PV of price at year 7 = $2.81096656749202 + $6.19341546169015 = $9.00

Download xlsx

4 0

3 years ago

A $1,000 bond matures in 15 years and carries a 5 percent coupon. The bond is callable in 5 years at a premium equal to one year

masha68 [24]

Answer:

The formula is

Price of the bond = [ $25 x ( 1 - ( 1 + 2.35% )^-30 )/ 2.35% ] + [ $1,000 / ( 1 + 2.35% )^30 ]

Explanation:

To calculate the price of the bond, use the following formula

Price of the bond = [ Coupon payment x ( 1 - ( 1 + Semiannual market rate )^-numbers od periods )/ Semiannual market rate ] + [ Face value / ( 1 + Semiannual market rate )^numbers of periods ]

Where

Coupon payment = $1,000 x 5% x 6/12 = $25

Semiannual market rate = 4.7% x 6/12 = 2.35%

Numbers of periods = 15 years x 12/6 = 30

Face value = $1,000

Placing values in the formula

Price of the bond = [ $25 x ( 1 - ( 1 + 2.35% )^-30 )/ 2.35% ] + [ $1,000 / ( 1 + 2.35% )^30 ]

6 0

3 years ago