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3 years ago

14

Jacob wants to invite 20 friends to his birthday, which will cost his parents $250. If he decides to invite 15 friends instead,

How much money will it cost his parents? Assume the relationship is directly proportional.

1 answer:

ehidna [41]3 years ago

4 0

The answer would be 187.50

250 $ for 20 friends would be $12.50 per friend. So, 12.5 x 15 = $187.50

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Skysong, Inc. took a physical inventory on December 31 and determined that goods costing $235,000 were on hand. Not included in

jasenka [17]

Answer: Skysong should report $284,600 as it's December 31 inventory.

Firstly, FOB is a term meaning free on board and can be defined as without charge to the purchaser for delivery on board a carrier (originally a ship), at a specified location or point. It is often used in such phrases as FOB destination to specify the point where the title of goods passes from the seller to the buyer.

Skysong should report $284,600 because that's the total sum of the actual inventory. Summation of $235,000 goods at hand, $27,800 of goods purchased from Pelzer Corporation, and $21,800 of goods sold to Alvarez Company gives $284,000.

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3 years ago

California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the compa

astraxan [27]

Answer:

The journal entry to record the purchase of treasury stock would be:

Debit ($) Credit ($)

Treasury Stock 3,800

Cash 3,800

Explanation:

In order to prepare The journal entry to record the purchase of treasury stock we would have to calculate the treasury stock as follows:

Treasury Stock=shares purchased*cost per share

Treasury Stock=100 Shares x $38.00 per share

Treasury Stock=$3,800

Therefore, The journal entry to record the purchase of treasury stock would be:

Debit ($) Credit ($)

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3 0

3 years ago

How much money should you save in case you have an emergency

suter [353]

Id say about 1000 dollars

8 0

3 years ago

Read 2 more answers

The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: Cost of the equipment $ 50,000 Sa

kakasveta [241]

Answer:

The multiple choices missing from the question are:

a. $60,000.

b. $50,000.

c. $57,000.

d. $59,000.

Option D,$59000 is correct

Explanation:

The recorded cost of the equipment is made of purchase cost,the sales tax since it is not recoverable,shipping cost as well as the installation cost.

The recorded cost is computed thus:

Purchase price $50,000

sales tax $4,000

shipping $3,000

installation $2,000

total cost $59,000

The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)

4 0

3 years ago

Read 2 more answers

Quip Corporation wants to purchase a new machine for $300,000. Management predicts that the machine will produce sales of $200,0

butalik [34]

Answer:

net present value NPV = $79800

so correct option is D) $79,800

Explanation:

solution

we knw that Net Present value = PV of cash inflow - PV of cash outflow ............1

so here PV of cash outflow = $300000

and Net sales = $200000

expenses = $80000

Depreciation = $\frac{300000-50000}{5}$

Depreciation = $50000

so Net income before taxes = Net sales - Depreciation - expenses

Net income before taxes = $200000 - $80000 - $50000

Net income before taxes = $70000

and Tax expenses @ 40% = $28000

so

Net income = Net income before taxes - Tax expenses

Net income = $70000 - $28000

Net income = $42000

and

Depreciation = $50000

Net cash inflow = Net income + Depreciation

Net cash inflow = $42000 + $50000

Net cash inflow = $92000

and

PVIFA @ 10% 5 years = $3.7908

so

PV of cash inflow = $348755

PV of salvage value = $50000 ×0.6209

PV of salvage value = $31045

and

so here Total PV of total cash inflow = $379800

and

net present value NPV = Total PV of total cash inflow - PV of cash outflow

net present value NPV = $379800 - $300000

net present value NPV = $79800

so correct option is D) $79,800

7 0

4 years ago