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3 years ago

Which of the following is a true statement?

Business

2 answers:

amm18123 years ago

7 0

Answer:

Explanation:

The highest mountain could fit into the deepest ocean basin.

Tanya [424]3 years ago

3 0

the highest mountain could fit into the deepest ocean basin.

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Roberta transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with

trapecia [35]

Answer: the correct answer is A. $500

Explanation:

Amount realized is the amount received from the sale of an asset. The money received for Roberta is $500.

7 0

4 years ago

Concord Company had bonds outstanding with a maturity value of $311,000. On April 30, 2017, when these bonds had an unamortized

Dmitrij [34]

Answer:

Redemption of Old Bonds

4-30-17 Bonds Payable $311000 Dr

Loss on Bond Redemption $26550 Dr

Discount on Bonds Payable $11000 Cr

Cash $326550 Cr

Issuance of New Bonds

3-30-17 Cash $314110 Dr

Premium on Bonds Payable $3110 Cr

Bonds Payable $311000 Cr

Explanation:

Redemption of Bonds Payable

The maturity value for bonds payable is equal to the face value of these bonds. This means that the face value of old bonds was $311000.

The bonds were carrying a discount. Thus, the carrying value of bonds was

Carrying value = Face value - Discount

Carrying value = 311000 - 11000 = $300000

Bonds with a carrying value of $300000 were redeemed at 105% of the face value. The cash paid for redemption is,

Cash paid = 311000 * 105% = 326550

Thus, there was a loss on redemption of = 326550 - 300000 = $26550

Issuance of Bonds Payable

The bonds were issued at 101% of the face value which means they were issued at a premium.

The amount of premium on these bonds is,

Premium = Carrying value - Face value

Premium = 311000 * 101% - 311000

Premium = $3110

3 0

3 years ago

Please help! How do you do a SWOT Analysis on a product idea?

Lemur [1.5K]

Answer:

Use the following 8 steps to conduct a SWOT analysis.

Decide on the objective of your SWOT analysis. ...

Research your business, industry and market. ...

List your business's strengths. ...

List your business's weaknesses. ...

List potential opportunities for your business. ...

List potential threats to your business.

4 0

3 years ago

Kathleen Taylor is a high school student who has been investigating the possibility of mowing lawns for a summer job. She has a

djverab [1.8K]

Answer:

Kathleen Taylor

a. The break-even lawns she needs to mow is:

= 31.25 lawns.

b. She can then expect to make $4,320 in Service Revenue and $2,304 in net income.

c. She should not lower her price.

Explanation:

a) Data and Calculations:

Cost of equipment = $500

Cost per lawn = $14

Price per lawn = $30

Contribution per lawn = $16 ($30 - $14)

Break-even point = $500/$16

= 31.25 lawns

Available period = 8 weeks

Number of lawns per day = 3

Working days per week = 6

Number of lawns per week = 18

Number of lawns for the period = 144 (18 * 8)

She can then expect to make $4,320 in Service Revenue and $2,304 in net income.

Number of lawns for the period = 192 (4 * 6 * 8)

Service revenue = $4,800 (192 * $25)

Net income = $2,112 (192 * $11)

4 0

3 years ago

You currently drive 250 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-eff

olga_2 [115]

Answer:

It is less expensive to keep your old car.

Explanation:

We have been given that you currently drive 250 miles per week in a car that gets 24 miles per gallon of gas.

1 year equals 52 weeks.

5 years equals 260 weeks.

$\text{Number of miles traveled in 5 years}=260\times 250$

$\text{Number of miles traveled in 5 years}=65,000$

The old car gives a mileage of 24 miles per gallon of gas.

$\text{Gallons of gas used by old car}=\frac{65,000}{24}$

$\text{Gallons of gas used by old car}=2708.33$

$\text{Cost of gas used by old car}=2708.33\times \$3.50$

$\text{Cost of gas used by old car}=\$9479.155$

$\text{Insurance premium for old car for 5 years}=\$400\times 5$

$\text{Insurance premium for old car for 5 years}=\$2,000$

$\text{Amount spent on repairs for old car}=\$1500\times 5$

$\text{Amount spent on repairs for old car}=\$7500$

$\text{Total cost of using old car for 5 years}=\$7500+\$9479.155+\$2,000$

$\text{Total cost of using old car for 5 years}=\$18979.155$

Therefore, the total of using old car for 5 years is $18979.16.

We are told that new car gives a mileage of 53 miles per gallon.

$\text{Gallons of gas used by new car}=\frac{65,000}{53}$

$\text{Gallons of gas used by new car}=1226.415$

$\text{Cost of gas used by new car}=\$3.50\times 1226.415$

$\text{Cost of gas used by new car}=\$4292.45$

$\text{Insurance premium for new car for 5 years}=\$800\times 5$

$\text{Insurance premium for new car for 5 years}=\$4,000$

$\text{Total cost of using new car for 5 years}=\$14,000+\$4292.45+\$4000$

$\text{Total cost of using new car for 5 years}=\$22292.45$

Since the cost of using new car for 5 years is greater than cost of using old car for 5 years, therefore, it is less expensive to keep your old car.

7 0

4 years ago

Read 2 more answers