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zhuklara [117]
3 years ago
8

Hunter is going to receive $3,000 in one year and he wants to know its equivalent value today. The process of determining the an

swer is called:_______
a. discounting
b. compounding
c. pricing
d. rating
Business
1 answer:
denis23 [38]3 years ago
6 0

Answer:

a. discounting

Explanation:

We arrive at the Present Value from Future Value through the discounting process using the the appropriate discount rate. Likewise we arrive to the Future Value by compounding the Present Value using the appropriate discount rate.

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On September 1, 2021, Triton Entertainment borrowed $24,000,000 cash to fund a new Fun Park. The loan was made by Nevada Bank. T
ryzh [129]

Answer:

1.

September 1, 2021     Cash                          $24,000,000 Dr

                                       Notes Payable             $24,000,000 Cr        

2.

December 31, 2021     Interest Expense         $960,000 Dr

                                           Interest Payable           $960,000 Cr

3.

May 30, 2022       Interest Expense         $1,200,000 Dr

                                     Interest Payable           $1,200,000 Cr

June 1, 2022       Notes Payable                   $24,000,000 Dr

                            Interest Payable                 $2,160,000 Dr

                                    Cash                                     $26,160,000 Cr

Explanation:

1.

The issuance of note against cash results in a debit to cash and a credit to a liability in account for notes payable.

2.

The adjusting entry will be made in accordance to accrual principle that matches the revenues and expenses relating to a certain period and record them in their respective period. The interest on note for 4 months from September to December belongs to 2021 and will be recorded as an expense and a payable on 31 december.

The interest expense for 4 months is = 24000000 * 0.12 * 4/12 = $960000

3.

The interest for the remaining 5 months will be recorded on the last day of note on May 30.

The interest for 5 months is = 24000000 * 0.12 * 5/12 = $1200000

On June 1, the note and the interest payable on note both will be paid and will be debited to close them from the books and cash will be credited.

8 0
3 years ago
Situational crime prevention has many elements but one key element states that items which are disposable and can be easily sold
Usimov [2.4K]
Situational crime prevention includes crime <span>prevention strategies that are aimed at reducing the criminal opportunities. </span>
It is true that according the situational crime prevention items which are disposable and can be easily sold by thieves are most likely to be taken. 
5 0
3 years ago
If you have a questioned item on your travel account bill, with whom do you first try to resolve it?
Luda [366]
If you have a questioned item on your travel account bill, the first person you should contact in this situation is: The merchant
Before you contact the producer of the card,you need to make sure that:
- The merchant did not falsely include the unknown item in your purchasing price, or
- YOU include the unknown item but you forget about it
5 0
3 years ago
The income statement of Oriole Company is shown below. ORIOLE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sale
noname [10]

Answer:

Cash flow from operating activities

Cash Receipts from Customers                            6,840,000

Cash Paid to Suppliers and Employees              (5,900,000)

Net Cash from Operating Activities                        940,000

Explanation:

Cash Receipts from Customers Workings

Total Debtors T - Account

Debit :

Sales                                                            6,840,000

Totals                                                          6,840,000

Credit:

Cash Receipts                                            6,840,000

Totals                                                         6,840,000

Cash Paid to Suppliers and Employees

Cost of goods sold                                      4,730,000

Add Other Expenses  

Selling expenses                                            460,000

Administrative expenses                                710,000

Cash Paid to Suppliers and Employees    5,900,000

8 0
3 years ago
Suppose that roofers are not unionized. If roofers unionize, then the supply of labor in other sectors of the economy will _____
matrenka [14]

Answer:

The answer is increase.

Explanation:

What unions do is basically restrict the number of workers in an industry. They act as a labor cartel in order to increase the unionized workers´ wages. In this specific case, if roofers unionize, eventually there will be less roofers working in the economy. That means if there are less roofers, the ones that remain doing the job will get paid better. On the other hand it also means that there will be a larger supply of workers for other jobs.  

8 0
2 years ago
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