Do you guys give advice too?

Corentine Co. had $169,000 of accounts payable on September 30 and $141,000 on October 31. Total purchases on account during Oct

Lelechka [254]

Answer and Explanation:

The computation is shown below:

a. For the cash paid

= Opening balance of account payable + total purchase - ending balance

= $169,000 + $298,000 - $141,000

= $326,000

b. The sale amount on account should be equivalent to the ending balance of account receivable i.e. $106,000

c. The beginning cash balance is

Closing cash balance = beginning cash balance + cash receipts - cash disbursements

$27,100 = Beginning cash balance + $119,500 - $120,150

So, the beginning cash balance is $27,750

7 0

4 years ago

On January 1 of this year, Ikuta Company issued a bond with a face value of $115,000 and a coupon rate of 4 percent. The bond ma

gulaghasi [49]

Answer:

The carrying value at year three end is $115,000.

Explanation:

The bond amortization schedule shows the how the interest expense is calculated as well as the coupon payment at each year end.

The carrying value at each year end is the opening carrying value in that year plus interest expense(as % of opening carrying value) minus the coupon payment(as % of face value).

In the beginning carrying value is the price the bond was issued,which could be computed using the pv formula in excel.

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

the rate is yield to maturity of 5%

nper is the number of coupon payments to be made by the bond,which is 3

pmt is the yearly coupon payment which is:$115,000*4%=$4,600

fv is the face value of $115,000

=-pv(5%,3,4600,115000)=$111,868.26

Find attached amortization schedule.

Download xlsx

4 0

3 years ago

Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is sc

Vilka [71]

Answer:

A

Explanation:

Free slack can be described as the total amount of time a project can be delayed without affecting the project's completion time . Tom and the contractor share a slack time of 10 days

Total slack measures the total amount of time a project can be delayed before the project's completion.

Functional slack measures the amount of time that each activity in a project can be delayed without affecting the project's completion time.

4 0

3 years ago

Beatrice owns and operates a food truck in a large city. Competitors are many, and competition is fierce. Due to her small busin

olganol [36]

Answer: e. hiring part-time help and maintaining extra inventory for peak periods (buffering)

Explanation:

In the large city described, Beatrice operates from a food truck which means that her business is small scale. Because of this, she cannot hope to influence the market which has so many fierce competitors. Her best option therefore is to work on her small business with the resources she has.

Out of the options listed, the most realistic is to hire a part-time help and practice buffering so that when demand picks up in peak season, she can take advantage of the situation as best she can. This will build customer loyalty when they are sure they can always get food from her and thus give her a little more of the market share.

Everything else listed will be too expensive for her current level and so should be avoided.

6 0

3 years ago

Kylah Enterprises began the current month with inventory costing $10,000, then purchased inventory at a cost of $35,000. The per

Flauer [41]

Answer:

Amount of shrinkage=$500.

Explanation:

Given Data:

Beginning Inventory Cost=$10,000

Purchased Inventory cost=$35,000

Inventory Sold=$30,000

On-hand Ending Inventory=$14,500

Required:

Amount of shrinkage=?

Solution:

Shrinkage is the difference between the total ending inventory balance and ending inventory on hand.

Total Ending inventory=Beginning Inventory+Purchased Inventory -Inventory Sold.

Total Ending inventory=$10,000+$35,000-$30,000

Total Ending inventory=$15,000

Amount of shrinkage=Total Ending inventory- On hand Ending Inventory

Amount of shrinkage=$15,000-$14,500

Amount of shrinkage=$500.

8 0

4 years ago