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3 years ago

Prepare adjusting entry

Business

1 answer:

bija089 [108]3 years ago

8 0

Answer:

the interest rate is missing, so I looked for similar questions and found that it is 8%:

1. what was the amount of interest expense paid in cash in 2013?

interest expense = $600,000 x 8% x 4/12 = $16,000

2. what was the amount of interest expense recognized on the 2013 income statement ?

$16,000

3.what was the amount of the total liabilities shown on the 2013 balance sheet ?

notes payable $600,000

interest payable $16,000

total $616,000

4. what was the total amount of cash that was paid to the bank on feb 28, 2014 for principal and interest?

total interest expense = $600,000 x 8% x 6/12 = $24,000

total cash paid = $624,000

5. what was the amount of interest expense shown on the 2014 income statement?

interest expense 2014 = $24,000 - $16,000 = $8,000

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Product prices are set on the marketing budget detail spreadsheet

Alinara [238K]

1. The answer is "b. false".

A Marketing Budget is Marketing Plan as far as expenses. Advertising Budget is an expected measure of cost that will be required to advance items or administrations. Promoting Budget is for the most part some portion of a showcasing plan and vital piece of the advertising procedure. It incorporates every single limited time cost like promoting and advertising, utilizing staff, office costs and different costs included for showcasing. This financial plan is made to evaluate the costs that are important for growing a business.

2. The answer is "c. entering the target segment on the marketing budget detail".

A market segment is a gathering of individuals who share at least one regular qualities, lumped together to showcase purposes. Each market portion is one of a kind, and advertisers utilize different criteria to make an objective market for their item or administration. Advertising experts approach each portion in an unexpected way, after completely understanding the necessities, ways of life, demographics and identity of the objective customer.

3. The answer is "false".

Advertising is a marketing correspondence that utilizes a transparently supported, non-individual message to advance or offer an item, benefit or idea. Sponsors of advertising are ordinarily organizations wishing to advance their items or administrations. Promoting is separated from advertising in that a promoter pays for and has authority over the message. It varies from individual offering in that the message is non-individual, i.e., not coordinated to a specific person.

4. The answer is "c. both".

Pricing is the procedure whereby a business sets the cost at which it will offer its items and benefits, and might be a piece of the business' marketing plan. In setting prices, the business will consider the cost at which it could obtain the merchandise, the assembling cost, the commercial center, rivalry, economic situation, brand, and nature of item.

When setting your prices you should ensure that the cost and deals levels you set will enable your business to be beneficial. You should likewise observe where your item or administration stands when contrasted and your opposition.

5 0

3 years ago

A home buyer can afford to spend no more than $1500/month on mortgage payments. Suppose that the interest rate is 6%, that inter

krok68 [10]

Answer:

20 years mortgage:

maximum loan $ 209, 371.16

interest paid $ 150,628.84

30 years mortage

maximum loan $ 250,187.4216

interest paid $ 289,812.58

Explanation:

20 years mortgage:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 240 (20 years x 12 months)

rate 0.005 ( 6% annual / 12 months per year)

$1500 \times \frac{1-(1+0.005)^{-240} }{0.005} = PV\\$

PV $209,371.1575

Quota x number of cuotas - principal = total interest

1,500 x 240 - 209,371.16 = 150628.84

30 years mortgage

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 360

rate 0.005

$1500 \times \frac{1-(1+0.005)^{-360} }{0.005} = PV\\$

PV $250,187.4216

Quota x number of cuotas - principal = total interest

1,500 x 360 - 250,187.42 = 289,812.58

8 0

3 years ago

If the factory overhead is underapplied, then the adjusting journal entry to close the factory overhead account includes a: (Che

Ymorist [56]

Answer:

Debit to cost of goods sold and credit to factory overhead

Explanation:

Here we are interested in knowing the appropriate journal entry when the factory overhead is under applied.

What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.

The adjusting journal entry here is that we debit cost of goods sold and credit factory overhead

5 0

3 years ago

Select the correct answers. Customers compare brands and plan for the purchase of which products? A. convenience products B. non

Lelechka [254]

Answer:A:covnveniece products

3 0

3 years ago

Read 2 more answers

The market value of Fords' equity, preferred stock, and debt are $ 7 billion, $ 2 billion, and $ 13 billion, respectively.

steposvetlana [31]

Answer:

WACC is 9%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of equity x Weightage of equity ) + ( Cost of debt ( 1- t) x Weightage of debt ) + ( Cost of Preferred equity x Weightage of Preferred equity )

As per given data

Market Values

Equity = $7 billion,

Preferred stock = $2 billion

Debt = $13 billion

Cost

Equity

Capital asset pricing model measure the expected return on an asset or investment. it is considered as the cost of common stock.

Formula for CAPM

Cost of Equity = Risk free rate + beta ( market return - risk free rate )

Cost of Equity = Rf + β ( Mrp )

Cost of Equity = 3% + 1.6 ( 8% ) = 15.8%

Preferred stock = $2 / $26 = 0.077 = 7.7%

Debt = 8%

Placing values in the formula

WACC = ( 15.8% x $7 billion / $22 billion ) + ( 8% ( 1- 0.3) x $13 billion / $22 billion ) + ( 7.7% x $2 billion / $22 billion )

WACC = 5.03% + 3.31% + 0.7% = 9.04%

7 0

3 years ago