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3 years ago

Each time a sale is recorded, two journal entries are also recorded to account for estimated sales returns.

Business

1 answer:

Lemur [1.5K]3 years ago

4 0

Answer:

The given statement is False

Explanation:

The sale is recorded at the time when the company sells is products and services to the customer and for that the journal entry is to be passed

Now if there is a return of goods that are sold by the company to the customers, the journal entry is to be recorded for sales returns

So the entry is recorded for that good only i.e. return

Therefore there is no need to record two entries

Hence, the given statement is false

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You have $106,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect

Helga [31]

Answer: ER(P) = ERX(WX) + ERY(WY)

16 = 13(1-WY) + 9(WY)

16 = 13 - 13WY + 9WY

16 = 13 - 4WY

4WY = 13-16

4WY = -3

WY = -3/4

WY = -0.75

WX = 1 - WY

WX = 1 - (-0.75)

WX = 1 + 0.75

WX = 1.75

The amount to be invested in stock Y = -0.75 x $106,000

= -$79,500

The Beta of the portfolio could be calculated using the formula:

BP = BX(WX) + BY(WY)

BP = 1.14(1.75) + 0.84(-0.75)

BP = 1.995 - 0.63

BP = 1.365

Explanation: The expected return of the portfolio is equal to expected return of stock X multiplied by the weight of stock X plus the expected return of stock Y multiplied by weight of security Y. The weight of security Y is -0.75. The weight of security X is equal to 1 - weight of security Y. Thus, the weight of security X is 1.75 since the weight of security Y is negative. The amount to be invested in security Y is -0.75 x $106,000, which is equal to -$79,500

The Beta of the portfolio equals Beta of stock X multiplied by weight of stock X plus the Beta of stock Y multiplied by weight of stock Y. The weights of the two stocks have been obtained earlier. Therefore, the Beta of the portfolio is 1.365.

6 0

3 years ago

Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years, she will receive a bonus of $

Sergeu [11.5K]

Answer:

$4,038

Explanation:

Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows.

Present Value = Future Value x (1/ ( 1 + interest rate ) ^ number of periods)

Present Value = 6,000 x (1/ ( 1 + 0.08) ^ 5)

Present Value = 6,000 x 0.68058

Present Value = $4,038

4 0

3 years ago

Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3

Vitek1552 [10]

Answer:

$671.92

Explanation:

Note: The full question is attached as picture below

Product R3

Labor-related cost = 40736/7200*5400

Labor-related cost = $30,552

Production orders = 65970/1600*1000

Production orders = $41,231

Order size = 433175/7100*3100

Order size = $189,133

Total overhead = Labor-related cost + Production orders + Order size

Total overhead = $30,552 + $41,231 + $189,133

Total overhead = $260,916

Annual production and sales of Product of R3 = 900 u nit

Overhead cost per unit = Total overhead / Unit

Overhead cost per unit = $260,916 / 900

Overhead cost per unit = $289.92

Direct material = $226

Direct labor = (26*6) = $156

Unit product cost = Overhead cost per unit + Direct material + Direct labor

Unit product cost = $289.92 + $226 + $156

Unit product cost = $671.92.

3 0

2 years ago

During the ________ era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising a

Vilka [71]

Hello There!

<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>

Hope This Helps You!
Good Luck :)

- Hannah ❤

8 0

3 years ago

Why is it important to conduct market research on your target audience before building your marketing plan?

Tcecarenko [31]

Conducting market research on your target audience before building a marketing plan allows you to understand your customers/clients and their needs. By completing a marketing plan that includes demographical research as well as spending and purchasing goals and plans, you can understand how to adjust each of the 4 Ps (Price, Place, Promotion, and Product) to create value for your customers and differentiate your product in the marketplace.

3 0

3 years ago

Each time a sale is​ recorded, two journal entries are also recorded to account for estimated sales returns.

Each time a sale is recorded, two journal entries are also recorded to account for estimated sales returns.