Answer:
$395833
Explanation:
Calculation to determine How much money is the firm considering borrowing if the interest rate is 8 percent
Amount to borrowed=(95000 / 75000) = [95000 – (X * 0.08)] / 50000
Amount to borrowed=1.26 = [95000 – (X * 0.08)] / 50000
Amount to borrowed=63333.33 = 95000 – (X * 0.08)
Amount to borrowed=31666.65 = X * 0.08
Amount to borrowed=X=31666.65/0.08
Amount to borrowed=$395833.33
Therefore How much money is the firm considering borrowing if the interest rate is 8 percent will be $395833
In most cases, Employee Health Insurance is free as the employer pays for it. It is offered by the employer as a benefit. Thus, the cost of the payable premium is not deducted from the employee's salary unless specified otherwise.
Answer:
In order for Suzanne to be considered an active participant in her stores, she must work at least 31 hours more. That way, her total working hours will be above 500, and she can deduct any losses from her adjusted gross income.
If she doesn't work at least 31 hours more, these activities will be considered passive activities and can only offset passive income.
Explanation:
Answer:
d) stocks
Explanation:
Stocks, which are shares in a company that may pay dividends once a year after liquid profits are accounted for. Investments in bank checking accounts are similar to earning interest like a saving account. Investing in market company stocks would give the investor an aggressive option of investing his money, as this type of investment is high risk with high return.
Answer:
1. Pronghorn shipped goods costing $54,380 to Hemlock Company FOB shipping point on December 28. The goods are not expected to reach Hemlock until January 12. The goods were not included in the physical inventory because they were not in the warehouse.
- These goods were correctly excluded from the inventory account because the purchase was FOB shipping point, which means that title passes to the buyer once the goods leave the sellers shipyard or warehouse.
2. The physical count of the inventory did not include goods costing $96,250 that were shipped to Pronghorn FOB destination on December 27 and were still in transit at year-end.
- These goods were correctly excluded from the inventory account because the purchase was FOB destination, which means that title passes to the buyer only after the goods are delivered.
3. Pronghorn received goods costing $27,180 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The goods were not included in the physical count.
- They should have been included in the inventory account because the purchase was FOB shipping point, which means that title passes to the buyer once the goods leave the sellers shipyard or warehouse.
4. Pronghorn shipped goods costing $46,830 to Ehler of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Pronghorn physical inventory.
- They should have been included in the inventory account because the sale was FOB destination which means that title passes to the buyer only after the goods are delivered.
5. Pronghorn received goods costing $45,270 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $277,880.
- These goods should have been excluded from the inventory account because the purchase was FOB destination, which means that title passes to the buyer only after the goods are delivered.
