Answer:
The journal entries are as follows:
(a) Accounts receivables [$2,200 - 2%] A/c Dr. $2,156
To Sales revenue $2,156
(To record the sale)
(b) Cost of Goods Sold A/c Dr. $1,200
To inventory $1,200
(To record the cost of goods sold)
(c) Cash A/c Dr. $2,156
To Accounts receivables $2,156
(To record payment within discount term)
Answer:
:(A) present value factors
Explanation:
Given that you need to have $35,000 on hand to buy a new Lexus five years from today. To achieve that goal, you want to know how much you must invest today in a certificate of deposit guaranteed to return you 3% per year.
i.e. we have to calculate how much to invest when we want to have 35000 dollars on hand after 5 years from today.
Rate is given as 3% per year.
So we have to find the present value factor
The formula used is if P is to be invested
P(1.03)^t = 35000 $ assuming compound interest.
So P = 35000 (1.03)^(-t)
Thus we are calculating present value factor
Answer is
:(A) present value factors
Answer:
(A) Tangibles
Explanation:
Based on what Ryan is trying to accomplish, which is getting his customers to renew the lawn care service each year. He needs to demonstrate tangibles. Showing the customers that his service is done correctly, that it is neat and perfectly cut. Once the customers see that the job is done correctly and by professional personnel they will be more inclined on renewing the service.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
$18,100
Explanation:
The bond is issued on discount when the issuance price is less than the face value of the bond. The discount is amortized over the period until maturity. Total Interest expense on a discounted bond is the sum of the coupon payment and the amortization of the discount amount.
Coupon payment = $570,000 x 6% = $34,200 per year = $17,100 semiannually
Discount on the bond = $570,000 - $560,000 = $10,000
Discount amortized per year = $10,000 / 5 = $2,000 annually = $1,000 semi-annually
Total Interest Expense = Coupon Payment + Amortization of Discount
Total Interest Expense = 17,100 + 1,000 = $18,100
Answer:
c. A capital budgeting project’s cash flows, including the total up-front cost of the project, are typically known with certainty before the project starts
Explanation:
It is false to say that a capital budgeting project’s cash flows, including the total up-front cost of the project, are typically known with certainty before the project starts.
Capital budgeting can be defined as the process of identifying, evaluating, and implementing a company's investment opportunities.
