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3 years ago

The alcoholic beverages in a private club are:

Business

1 answer:

Hitman42 [59]3 years ago

5 0

Answer:

Sold to the members

Explanation:

A private club is patronized by its member only. Through membership, a person acquires the privilege to use the club's facilities. Members network and enlarge their business contacts.

Club members own the club. They get to enjoy meals and drinks at lower rates than regular restaurants. Alcoholic drinks are available at competitive rates. Members are required to pay for what they have consumed.

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According to a summary of the payroll of Scotland Company, total salaries were $500,000. Assume that social security taxes are p

OleMash [197]

Answer:

The journal entry to record accrued salaries would include a credit to salaries payable of $364500.

Explanation:

Salaries payable = 500000 - (500000*6%) - (500000*1.5%) - 98000

= $364500

Therefore, The journal entry to record accrued salaries would include a credit to salaries payable of $364500.

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3 years ago

The large foreign supply of funds to the U.S. market is partially attributed to the a. low foreign saving rates. b. high foreign

Grace [21]

Answer:

a. low foreign saving rates.

Explanation:

As foreing countries saving rates are lower than US after conidering inflation and risk premium; people from abroad prefers to invest in the US than in their native country as feel it more safe and more prosperus also, they can yield better return in US dollars as their countries are exposed to decreases in the exchange-rates

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3 years ago

Read 2 more answers

On January 1, 2018, Frost Corp. changed its inventory method to FIFO from LIFO, for both financial and income tax reporting purp

fiasKO [112]

Answer:

a. retained earnings statement, as a $630,000 addition to the beginning balance

Explanation:

Data provided in the question

Change in increase in inventory = $900,000

Income tax rate = 30%

By considering the above information, the cumulative effect is

= Change in increase in inventory - Change in increase in inventory × income tax rate

= $900,000 - $900,000 × 30%

= $900,000 - $270,000

= $630,000

This $630,000 is a addition to the beginning balance

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3 years ago

On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to rece

hichkok12 [17]

Answer:

a) What is the expected transaction price with variable consideration estimated as the expected value?

original cost $5,800 if job is finished in one month (15% probability)
bonus price for finishing 2 weeks earlier $5,800 x 1.25 = $7,250 (25% probability)
bonus price for finishing 1 week earlier $5,800 x 1.15 = $6,670 (60% probability)

expected transaction price = ($5,800 x 15%) + ($7,250 x 25%) + ($6,670 x 60%) = $6,684.50

b) What is the expected transaction price with variable consideration as the most likely amount?

$6,670, since it has a 60% probability

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3 years ago

Laramie Labs uses a risk-adjustment when evaluating projects of different risk. Its overall (composite) WACC is 10%, which refle

Allushta [10]

The correct option is 3. A, B, and D.

The set of projects would maximize shareholder wealth is A, B, and D.

<h3>What is low-risk projects?</h3>

Low risk suggests that there won't be a significant negative effect on the organization should the project fail.

The computation of the provided data is displayed below, depending on the circumstance:

To determine which projects set would maximize shareholder wealth, we must compare the WACC to the anticipated return.

Below are some specific risk WACC (needed return) (%), expected return (%), and accept or reject reasons-

High 12 Project A 15 Select WACC is less profitable than anticipated.
The return for Project B's Average 10-12 Select WACC is less than anticipated.
WACC for Project C High 12/11 Reject is greater than anticipated return.
Low Project D 8-9 Select WACC is less profitable than anticipated.
WACC for Project E Low 8 6 Reject is higher than anticipated return.

Therefore, in order to maximize shareholder wealth, option C (projects A, B, and D) should be chosen.

To know more about low-risk projects, here

brainly.com/question/16031984

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The complete question is-

Laramie Labs uses a risk-adjustment when evaluating projects of different risk. Its overall (composite) WACC is 10%, which reflects the cost of capital for its average asset. Its assets vary widely in risk, and Laramie evaluates low-risk projects with a WACC of 8%, average-risk projects at 10%, and high-risk projects at 12%. The company is considering the following projects:

Project Risk Expected Return

A High 15%

B Average 12%

C High 11%

D Low 9%

E Low 6%

Required:

Which set of projects would maximize shareholder wealth?

A and B.
A, B, and C.
A, B, and D.
A, B, C, and D. A, B, C, D, and E.

5 0

2 years ago