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3 years ago

Select the correct answer.

Business

2 answers:

castortr0y [4]3 years ago

5 0

A......Equity capital

melomori [17]3 years ago

4 0

A.........................

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Exercise 5-17A Record notes receivable and interest revenue (LO5-7) On April 1, 2021, Shoemaker Corporation realizes that one of

garik1379 [7]

Answer:

The Journal entries are as follows:

(a) On April 1, 2021

Notes receivable A/c Dr. $600,000

To Cash A/c $600,000

(To record loan given)

(b) On December 31, 2021

Interest receivable ($600,000 × 11% × 9/12) A/c Dr. $49,500

To Interest revenue $49,500

(To record accrued interest)

(c) On April 1, 2022

Cash A/c Dr. $666,000

To Notes receivable $600,000

To Interest receivable $49,500

To Interest revenue $16,500

(To record collection)

Notes:

Interest revenue on April 1, 2022:

= 11% of loan amount for 12 months - Accrued interest

= 0.11 × $600,000 - $49,500

= $66,000 - $49,500

= $16,500

7 0

3 years ago

Ingrid has been waiting for the show "Mamma Mia!" to come to town. When it finally does come, tickets cost $60. Ingrid's reserva

Semenov [28]

Answer: inefficient because Steven and Ingrid could have made a mutually beneficial trade.

Explanation:

Regarding the question, Ingrid was waiting for "Mamma Mia!" show to come to town; it eventually came with tickets cost of $60. Even though Ingrid's reservation price was $75, he was not able to get a ticket as they had been sold out.

On the other hand, Steven got a ticket for $60 even though his reservation price for the ticket was $65. Steven eventually attended "Mamma Mia!" show while Ingrid does not. This is an inefficient situation because Steven and Ingrid should have made a mutually beneficial trade which could have happened if Steven had sold Ingrid the ticket for the show for $70 and they would have been better off.

4 0

4 years ago

Which of the following relers to subsets of an entire market?

ValentinkaMS [17]

I think it would either be potential markets or target markets but i would probably choose target markets

5 0

3 years ago

If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost func

xxTIMURxx [149]

Answer: $2,98,491.106 ⇒ Total cost of production

Explanation:

Given that,

Total cost of production at x = 1000 units

C(x) = 2000 + 170x + 4 $x^{\frac{3}{2} }$

C(1000) = 2000 + 170(1000) + 4 $1000^{\frac{3}{2} }$

= 2000 + 170000 + 126491.106

= $2,98,491.106 ⇒ Total cost of production

So, above is the cost of producing 1000 units.

3 0

4 years ago

The expected average rate of return for a proposed investment of $5,190,000 in a fixed asset, using straight-line depreciation,

Scorpion4ik [409]

Answer:

15%

Explanation:

Average rate of return = average net income / amount invested

average net income = $15,570,000 / 20 = $778,500

Amount invested = $5,190,000

$778,500 $5,190,000 = 0.15 = 15%

4 0

3 years ago