Services that specialize in intermodal shipping are known as intermodal marketing companies.

On January 1, Year 1, Boyd Corporation accepts a $10,000 three-month, nine percent promissory note from one of its customers. To

mihalych1998 [28]

Answer:

The borrower records its receipt of cash and new liability with this entry

Jan 1 Notes Receivable $10,000 Dr.

Sales / Accounts Receivable $10,000 Cr.

Received Note of 3 months with 9% interest

The entry would credit to Sales if it is received against sales or credit to account receivable isf it is received against accounts receivable for a further time period as the case may be.

6 0

3 years ago

Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $

inessss [21]

Answer:

Residual income is therefore $732,000.

Explanation:

This can be computed by following the following steps:

Step 1: Calculation of ending net book value

Particulars $'000

Beginning investment 6,900

add: Additional investment 8,100

Less: Depreciation - Other (2,850)

Ending net book value 12,150

Step 2: Calculation of Minimum required return

Minimum required return = Ending net book value * Required return rate = $12,150,000 * 12% = $1,458,000

Step 3: Calculation of profit (loss) on disposal

First year depreciation on investment = (Investment cost - Salvage value) / Useful life = ($6,600,000 - $660,000) / 3 = $1,980,000

Profit (loss) on disposal = Salvage value - Investment cost - First year depreciation on investment = $660,000 - $6,600,000 - $1,980,000 = $3,960,000 loss

Step 4: Calculation of residual income

Particulars $'000

Given operating profit of the division 6,150

Less: Loss on disposal (3,960)

Revised operating income 2,190

less: Minimum required return (1,458)

Residual income 732

Residual income is therefore $732,000.

7 0

3 years ago

A firm maximizes its profitability when it: creates products similar to the products of its competitors. strips all the value ou

sineoko [7]

A firm maximizes its profitability when it "configures its internal operations to support the position selected by it on the efficiency frontier".

In economics, profit maximization is the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit.

The general guideline is that the firm maximizes profit by delivering that amount of yield where negligible income breaks even with peripheral expense. The profit maximization issue can likewise be drawn closer from the information side.

6 0

3 years ago

Six months ago, the price of gasoline was $2.20 per gallon. Now, the price is $2.40 per gallon. In response to this price i

k0ka [10]

Answer:

4.545

Explanation:

Given:

Six months ago, the price of gasoline was $2.20 per gallon.

Now, the price is $2.40 per gallon.

In response to this price increase, the number of gallons of gasoline purchased has declined by 2 percent.

Question asked: