If interest rate on 1-year unsecured loan is 4.5%p.a. The inflation rate is 3.2% this year. What is the real interest rate?

Drag the tiles to the correct boxes to complete the pairs.

k0ka [10]

Answer:

see below

Explanation:

1. Closing price: The amount a stock ended at for the day

2. Limited partnership: Investing in a business without running it

3. Flipping: Fixing up a property to sell it for a profit

4. Maturity date: The date the bond expires and the principal is due

4 0

3 years ago

Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March Marc

san4es73 [151]

Answer:

1. Prepare general journal entries to record these transactions using the following titles:

March 1

Dr Cash (101) 175,000

Dr Office Equipment (163) 26,000

Cr Common Stock (307) 201,000

March 2

Dr Prepaid Rent (131) 6,000

Cr Cash (101) 6,000

March 3

Dr Office Equipment (163) 3,800

Dr Office Supplies (124) 2,200

Cr Accounts Payable (201) 6,000

March 6

Dr Cash (101) 4,500

Cr Services Revenue (403) 4,500

March 9

Dr Accounts Receivable (106) 10,900

Cr Services Revenue (403) 10,900

March 12

Dr Accounts Payable (201) 6,000

Cr Cash (101) 6,000

March 19

Dr Prepaid Insurance (128) 6,400

Cr Cash (101) 6,400

March 22

Dr Cash (101) 4,000

Cr Accounts Receivable (106) 4,000

March 25

Dr Accounts Receivable (106) 5,330

Cr Services Revenue (403) 5,330

March 29

Dr Dividends (319) 5,400

Cr Cash (101) 5,400

March 30

Dr Office Supplies (124) 1,700

Cr Accounts Payable (201) 1,700

March 31

Dr Utilities Expense (690) 1,400

Cr Cash (101) 1,400

2. Post the journal entries from part 1 to the ledger accounts.

Account Description Debit Credit

101 Cash 175,000

6,000

4,500

6,000

6,400

4,000

5,400

1,400

101 Cash 158,300

106 Accounts Receivable 10,900

4,000

5,330

106 Accounts Receivable 12,330

124 Office Supplies 2,200

1,700

124 Office Supplies 3,900

128 Prepaid Insurance 6,400

131 Prepaid Rent 6,000

163 Office Equipment 26,000

3,800

163 Office Equipment 29,800

201 Accounts Payable 6,000

6,000

1,700

201 Accounts Payable 1,700

307 Common Stock 201,000

319 Dividends 5,400

403 Services Revenue 4,500

10,900

5,330

403 Services Revenue 20,730

690 Utilities Expense 1,400

3. Prepare a trial balance as of April 30.

Account Description Debit Credit

101 Cash 158,300

106 Accounts Receivable 10,900

106 Accounts Receivable 12,330

124 Office Supplies 3,900

128 Prepaid Insurance 6,400

131 Prepaid Rent 6,000

163 Office Equipment 29,800

201 Accounts Payable 1,700

307 Common Stock 201,000

319 Dividends 5,400

Retained earnings 11,000

403 Services Revenue 20,730

690 Utilities Expense 1,400

TOTAL 234,430 234,430

6 0

4 years ago

Question, who wants 100 points?

faltersainse [42]

Answer:

Thanks :)

Explanation:

8 0

3 years ago

Read 2 more answers

General Chemical Company (GCC) manufactures two products as part of a joint process: A1 and B1. Joint costs up to the split-off

scoundrel [369]

Answer:

1- a. $8,800

2- b. $13,200

3- c. $5,000 (increase)

4- b. $16,000 (decrease)

Explanation:

1- The joint cost allocated to product A1 is $8,800.

Total sales value of A1 + B1 = $42,000 + $63,000 = $105,000.

The joint cost allocated to product A1 is calculated from formula ;

Joint cost till split off point * (Sales value of A1 / Total sales value of A1 + B1 )

$22,000 x ($42,000 / $105,000)

= $8,800.

2- The joint cost allocated to product B1 is $13,200.

Total sales value of A1 + B1 = $42,000 + $63,000 = $105,000.

The joint cost allocated to product B1 is calculated from formula ;

Joint cost till split off point * (Sales value of B1 / Total sales value of A1 + B1 )

$22,000 x ($63,000 / $105,000)

= $13,200.

3- The net change in operating income resulting from a decision to manufacture product A2 is $5,000 increase.

This can be calculates as, A1 profit - A2 profit

Product A1 profit = Sales value - Cost allocated

Product A1 profit = $42,000 - $8,800

Product A1 profit = $33,200.

Product A2 profit = Sales value - Cost allocated - incremental cost

Product A2 profit = $85,000 - $8,800 - $38,000

Product A2 profit = $38,200.

Net change in operating income = $5,000 ($38,200 - $33,200)

4- The net change in operating income resulting from a decision to manufacture product B2 is $16,000 decrease.

This can be calculates as, B1 Profit - B2 profit

Product B1 profit = Sales value - Cost allocated

Product B1 profit = $63,000 - $13,200

Product B1 profit = $49,800.

Product B2 profit = Sales value - Cost allocated - incremental cost

Product B2 profit = $95,000 - $13,200 - $48,000

Product B2 profit = $33,800.

Net change in operating income = $16,000 decrease ($49,800 - $33,800).

3 0

4 years ago

The information are as follows:

Dafna1 [17]

Answer:

$250

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow.

Hence the cash flows from investing activities

= -$200 + $450

= $250

Other activities are reported under operating activities section.

4 0

3 years ago