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2 years ago

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You are offered the following investments: You can invest $500 today and receive $600 in 5 years. The investment is low risk. Yo

u can invest the $500 in a bank account paying 4%. What is the implied interest rate for the first choice, and which investment should you choose

1 answer:

grin007 [14]2 years ago

6 0

Answer:

500

Explanation:

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Flounder has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods Sold $531,052, Adminis

ella [17]

Answer:

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

Dr Income Summary $745,754

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

Explanation:

Preparation for the year-end closing entries.

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

($843,779+$12,160)

Dr Income Summary $745,754

($531,052+$177,930+$36,772)

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

($855,939-$745,754)

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

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2 years ago

Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:

Diano4ka-milaya [45]

Answer:

1. General journal entries to record each transaction.

Jan. 1 Dr. Cr

Cash $103,000

Common Stock $103,000

Jan. 2 Dr. Cr

Inventory $38,000

Account Payable $38,000

Jan. 4 Dr. Cr

Prepaid Insurance $2,760

Cash $2,760

Jan. 10 Dr. Cr

Account Receivable $12,300

Sale $12,300

Cost of Goods Sold $7,300

Inventory $7,300

Jan. 15 Dr. Cr

Cash $33,000

Note Payable $33,000

Jan. 20 Dr. Cr

Salary Expense $33,000

Cash $33,000

Jan. 22 Dr. Cr

Cash $10,300

Sale $10,300

Cost of Goods Sold $6,300

Inventory $6,300

Jan. 24 Dr. Cr

Account Payable $15,300

Cash $15,300

Jan. 26 Dr. Cr

Cash $6,150

Account Receivable $6,150

Jan. 28 Dr. Cr

Utility Expense $1,000

Cash $1,000

Jan. 30 Dr. Cr

Rent Expense $2,150

Prepaid Rent $2,150

Cash $4,300

2.

MS Excel File is attached for T accounts Posting in Worksheet Named as " T Account". Please Find that.

3.

MS Excel File is attached for unadjusted trial balance in Worksheet Named as " Trial Balance". Please Find that.

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2 years ago

In response to threats from such companies as Amazon, established manufacturers and retailers became "brick-and-click" oriented

docker41 [41]

Answer:

Re-intermediation

Explanation:

Re-intermediation is the method applied by most businesses in using the internet to bring together new customers for a business. The advent of technology can afford business owners the possibility of eliminating physical intermediaries in a business. For example, house agents help people who are seeking for new places to live in, find houses easily. Through the internet, however, landlords can directly advertise their vacant houses, thus eliminating the agent relationship which would have served as an intermediary.

So, when established manufacturers by-pass Amazon (which is an intermediary between buyers and sellers) by adding online services to their existing offerings, they have done a re-intermediation.

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3 years ago

Rachel's Designs has 1,100 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining

gladu [14]

Answer:

The dividend payable to the cumulative preferred stock holers in 2021 is $11,550 while the amount payable to common stock holders is $1,450.

Explanation:

Cumulative preferred stock dividends accrue and becomes payable when the reporting entity has favourable cash flows. Rachael Designs plans to make payment of $13,000 dividends in 2021. As the annual cumulative preferred dividend is $3,850 (1,100 shares x $50 x 7%), the amount due over three years will be $3,850 x 3 whcih is $11,550. Thus, out of the proposed cash outflow of $13,000, the amount of $11,550 will be paid to cumulative preferred stock holders while only $1,450 will be paid to the common stock holders.

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3 years ago

In a traditional economy decisions are based largely on

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Custom

Hope this helps ;)

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3 years ago