Answer:
May 2 No entry is required as the transaction is yet to happen
May 7 DR Accounts Receivable $1,200
CR Tour Revenue $1,200
May 9 DR No entry required
May 15 DR Sales Allowance (1,200 * 30%) $360
CR Accounts Receivable $360
May 20 DR Cash $789.60
DR Sales Discount $50.40
CR Accounts Receivable $840
Working
Accounts Receivable = 1,200 - 360 sales allowance = $840
Sales Discount = 840 * 6% discount = $50.40
Cash = 840 - 50.40 = $789.60
b. Net Revenues
= Revenue - Sales allowance - Sales discount
= 1,200 - 360 - 50.40
= $789,60
c. Partial Income Statement
Tour Revenues $1,200
Less:
Sales Allowance $360
Sales Discount <u> $50.60 </u>
<u> ($410.60)</u>
Net Tour Revenue $789.40
Answer:
c. Exploratory research and development research are needed for internal new venturing.
Explanation:
Exploratory research as the name suggests is a form of research and development which is targeted at exploration or discovery of something which did not exist before such a research. It is the foremost research to attain clarity on the exact nature of a problem.
Development research on the other hand utilizes the findings of a research already conducted to design and develop products and methods. Such a research generates required knowledge and designs for production which form ideal models for creation of products.
Internal new ventures refer to starting completely new business ventures in new markets or entering new industry. Such ventures require both exploratory and development form of research as the venture is completely new, which will require both exploration i.e discorvery and development of new products based upon the findings of exploratory research.
Answer:
The answer is $3,456,000.
Explanation:
Annuity is a set amount of money that is paid every year for the person's life. She is 35 years old and expected to live to 75. So for $10,000 at the end of each month, the annuity is, 40 x 12 = 480 months, 480 months x $10,000 = $4,800,000. If we take the $10,000 as the principal amount, and calculate the interest at 7,2% monthly, in 40 years it would be $3,456,000.
I hope this answer helps.
I would say the best answer to go with is A. Not to sure.
Answer:
Projected dividend is 15.
Explanation:
In order to calculate projected annual dividend for the coming year, we simply multiply stock price with projected dividend growth rate and we get dividend for the coming year equal to 15.
