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2 years ago

Which of the following is an example of an adjusting entry

Business

1 answer:

r-ruslan [8.4K]2 years ago

7 0

<h2>Answer:</h2>

<u><em>I believe the answer is C. </em></u>

<h2>Explanation:</h2>

<em>I was looking at examples of adjusting entry and C was the closest one that made more sense. If I am incorrect please correct me. Hope this somehow helped and have a good one!</em>

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Gabriele Enterprises has bonds on the market making annual payments, with twelve years to maturity, a par value of $1,000, and s

wariber [46]

Answer: 6.01%

Explanation:

To solve this question, we.will use the financial calculator. Based on the information given, then we will have:

FV = Future Value = $1,000.00

PV = Present Value = -$960.00

Bonds yield = 6.50

N = Number of years = 12

Therefore, CPT > PMT = Payment will be = $60.0973

Then, Coupon rate will be:

= Payment / Face Value

= 60.0973 / 1000

= 6.01%

3 0

3 years ago

The marginal cost of manufacturing x yards of a certain fabric is C'(x) = 3 − 0.01x + 0.000006x2 (in dollars per yard). Find the

Amiraneli [1.4K]

Answer:

There are 52 dollars increase on marginal cost when production rises

There are 58000 dollars increase on total cost when production rises

Explanation:

Please find attached word file with the calculations.

Download docx

8 0

3 years ago

On October 1, 2019, Fashion Jewelers accepted a 5-month, 11% note for $7,500 in settlement of an overdue account receivable.

Nataliya [291]

Answer:

The accrued interest on the note at December 31, 2019 is $206.25

Explanation:

Fashion Jewelers accepted a 5-month, 11% note for $7,500.

The amount of interest for 1 year = 11% x $7,500 = $825

The amount of interest for 1 month = $825/12 = $68.75

From October 1, 2019 to December 31, 2019, Fashion Jewelers has accepted the note for 3 months.

The accrued interest on the note at December 31, 2019 = $68.75 x 3 = $206.25

7 0

3 years ago

The is the interest rate that a firm pays on any new debt financing. Andalusian Limited (AL) can borrow funds at an interest rat

valina [46]

Answer:

5.34%

The correct option is C,5.60%

Explanation:

The are two requirements here,the first is after cost of debt for the first part of the case study and after tax cost of debt for the second part of the scenario:

1.after tax cost of debt=pretax cost of debt*(1-t)

pretax cost of debt is 9.7%

t is the tax rate at 45% or 0.45

after tax cost of debt=9.7%*(1-0.45)=5.34%

The pretax cost of debt here is computed using the rate formula in excel:

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond pays coupon interest which is 15

pmt is the annual coupon interest receivable by investors i.e $1000*12%=$120

pv is the current market price of the bond which is $1,136.50

fv is the face value of the bond at $1000

=rate(15,120,-1136.50,1000)

rate =10.19%

after tax cost of debt=10.19% *(1-0.45)=5.60%

7 0

3 years ago

If the rate of inflation is 2.2% per year, the future price pt (in dollars) of a certain item can be modeled by the following ex

postnew [5]

Answer:

1693.25

Explanation:

The computation of the current price of the item and the price 9 years from today is shown below:-

p(t) = 1,200 × (1.039)^t

Now, the current price can be found by putting t = 0

p(0) is

$1,200\times (1.039)^0 = $1,200$

The price 10 years from today

p(9) is

$1,200\times (1.039)^9$

Now we will solve the above equation

= 1,200 × 1.411041958

= 1693.25035

= 1693.25

6 0

3 years ago