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Volgvan
2 years ago
8

Megan Finder, a recent college graduate, is applying for her first credit card. The creditor has asked for a personal net worth

statement. Megan owns a scooter worth $2,000.00 and has $800.00 in her checking account. She owes Jaycee Auto $920.00 and River College $125.00. Complete a net worth statement for Megan Finder. Select Current Date in the appropriate field. Assets should be listed in order of liquidity, so Cash should be listed first. Liabilities should be reported in alphabetic order.
Business
1 answer:
valentina_108 [34]2 years ago
7 0

Answer and Explanation:

The computation of the net worth statement is shown below:

Assets

Checking account  $800

Scooter $2,000

Total assets $2,800 (A)

Liabilities

OWed to jaycee Auto $920

River college $125

Total liabilities $1,045 (B)

Net worth $1,755 (A - B)

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Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will sell for $1
sergey [27]

Answer:

18.11%

Explanation:

Data provided in the question:

Selling price = $181

Fees charged = 4% = 0.04

Face value = $181 per share

Dividend paid each year = 10% = 0.10

Annual growth rate = 7% = 0.07

Now,

Uber's cost of capital of this common stock

= [ D1 ÷ (Face value - D1)] + Growth rate

= [ ( $181 × 0.1) ÷ ($181 - 181 × 0.1)] + 0.07

= [ 18.1 ÷ 162.9 ] + 0.07

= 0.1811

or

= 0.1811 × 100% = 18.11%

8 0
3 years ago
Brad is a sales representative for a Kettle Chips and is preparing for a Super Bowl promotional campaign. He's contacting each o
alexdok [17]

Answer:

point-of-purchase advertising.

Explanation:

In this scenario, Brad is contacting each of his grocery and convenience accounts with an opportunity to install an end-of-aisle display with graphics of the Super Bowl teams and a display of several varieties of chips.

Hence, this is known as point-of-purchase advertising, a type of trade-oriented promotion.

A point of purchase advertising can be defined as a marketing strategy used by retailers, which typically involves the placement of end user goods e.g graphics of the Super Bowl teams strategically placed in a supermarket aisle for retail customers.

7 0
3 years ago
Joint products A and B emerge from common processing that costs $116,000 and yields 4,000 units of Product A and 2,800 units of
Mandarinka [93]

Answer:

Apportioned joint cost to A=$92,800

Explanation:

<em>Joint costs are the costs incurred up until the split-off where two or more products result from the same production process. These  common costs need to be apportioned among the joint products using any of the following basis:</em>

  1. physical units
  2. Relative sales value basis.

The relative value basis apportions joint costs using the proportion of product individual sales value to the the total sales value.

Total sales value = (280×4,000) + (100×2,800) =1400000

Apportioned joint cost to A =(1,120,000/1,400,000)× 116,000=92800

Apportioned joint cost to A=$92,800

4 0
2 years ago
Margie is 15 and claimed as a dependent by her parents. she has $800 in dividends income and $1,400 in wages from a part-time jo
Vinil7 [7]
Under United States tax law, the standard deduction is a dollar quantity that non-itemizers may deduct from their income before income tax is applied. Taxpayers may select either itemized deductions or the standard deduction, either outcomes in the lesser amount of tax payable. The standard deduction is accessible to US citizens and aliens who are occupant for tax purposes and who are individuals, married persons, and heads of household. When filing her own tax return, Margie is limited to the greater of $1,050 or $1,750, it is solved by the sum of the earned income for the year plus $350.So the answer is $1,400 + $350 = $1,750
6 0
3 years ago
Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price
Amanda [17]

Answer:

The correct answer is:

(a) -7783

(b) 6800

(c) -983

Explanation:

According to the given values in the question:

(a)

The price variance will be:

= (8.5-8.93)\times 18100

= -0.43\times 18100

= -7783 (Favorable)

(b)

The quantity variance will be:

= (2100\times 9-18100)\times 8.5

= (18900-18100)\times 8.5

= 800\times 8.5

= 6800 (Unfavorable)

(c)

The cost variance will be:

= (2100\times 9\times 8.5)-(18100\times 8.93)

= (160650)-(161633)

= -983 (Favorable)

4 0
2 years ago
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