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Lynna [10]
2 years ago
7

Task 2: Record the listed transactions of Nikea Inc. for the first quarter (January to March) in

Business
1 answer:
gavmur [86]2 years ago
3 0

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $20,000

     To Capital $20,000

(being the issuance of the capital stock is recorded)

b. Rent Dr $5,000

      To cash $5,000

(being the rent paid is recorded)

c. Supplies dr $1,500

       To Account payable $1,500

(being the supplies purchased on account is recorded)

d. Account payable Dr $1,000

     To cash $1,000

(being the amount paid is recorded)

e. Cash Dr $25,000

       To sales commission $25,000

(being the sales commission earned is recorded)

f. Automobile expense $4,500

     To Cash $4,500

(being cash paid is recorded)

g. Office salaries Dr $8,000

      To cash $8,000

(being cash paid is recorded)

h Supplies expense $1,500

    To supplies  $1,500

(being supplies expense is recorded)

g. Dividend payable $1,500

     To Cash $1,500

(being dividend paid is recorded)

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nco purchased a computer for $200,000 and this machine is expected to generate annual cash flows of $48,271 over the next 5 year
Anika [276]

Answer:

The expected rate of return on this investment is:

21%

Explanation:

Cost of computer = $200,000

Annual cash flows for 5 years = $48,271

Total cash flows = $241,355 ($48,271 x 5)

Returns = $41,355 ($241,355 - $200,000)

The expected rate of return = Returns/Costs * 100

or the average of returns and the average of investments (they yield the same results)

Using the total returns and investment:

= $41,355/$200,000 * 100

= 21%

Using the average returns and investment:

= $8,271/$40,000 * 100

= 21%

4 0
3 years ago
Based on the lesson and your research, how would you fund a four-year college degree? In two to three sentences, explain your ch
LekaFEV [45]
You can fund a four-year college degree by either of the following:

1. Loans
Loans can be acquired through federal aid or private means. They must be paid back with interest when the student has graduated. They are guaranteed by the federal government.

2. Scholarships
Scholarships depends on criterias from who will sponsor it. These criterias may include financial need, merits, field of study, etc. There are those who can help students look for a scholarship that fit them like counselors, the government or its agency, community organizations, etc.

3. Work-study programs
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9 0
3 years ago
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Which chart is best used to show the results of a class survey with 4 field trip options?
Nimfa-mama [501]
C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.
7 0
3 years ago
Read 2 more answers
The term ssr/ss total is also called the select one:
GaryK [48]

Answer : coefficient of determination.

In the regression analysis results on MS excel the SSR/ SS total is called as " coefficient of determination"

6 0
3 years ago
You would like to use the fixed-order-interval inventory model to compute the desired order quantity for a company. You know tha
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Answer:

c. 50

Explanation:

Fixed-order-interval inventory model also known as fixed reorder cycle inventory model is used to manage supply of raw material to a business based on demand of the product. Review of inventory is done by inventory analyst at fixed intervals and of inventory level is above a predetermined reorder level, nothing is done.

If however stock is at or below set reorder level raw material is purchased and is based on the formula- Maximum level - Current level.

In the scenario above we use the following formula

Standard deviation of demand over the review and lead-time period(SD)=Square root of { (Lead time+ Number of days between review)* (Standard deviation of daily demand)^2}

SD= √ {(10+15)*(10)^2}

SD= √ (25* 100)

SD= √2,500

SD= 50

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