The main difference between the three forms of market efficiency is that

One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $500 per

Vitek1552 [10]

It will take 32.55 months for the account to be paid off.

In this question, we have r = 1.40%, PMT = $500 and Present Value = $13,000.

We can use the nper formula in Excel to arrive at the answer.

The formula in Excel is : =nper(rate, pmt, pv,[fv],[type])

When we substitute the values in the question, the nper formula looks like this:

=NPER(0.014,500,-13000)

We enter the present value of the amount outstanding as a negative value, since excel considers the present value as an outflow (expense).

3 0

4 years ago

Read 2 more answers

3. Wholesalers and retailers are commonly referred to as

lesya [120]

Answer:

Explanation:

3. Trade Business ... including any and all business that buy from others companies to sell to the public.

4. Extraction business ... as they extract materials from the earth so that manufacturers can create valuable products for customers.

5. nonprofit corporation ... these corporations are legal entities which do not operate as a business and usually make all of their money through donations and grants to use for the benefit of the public, but can also sell goods and services for money.

6. franchise. ... there are many examples of franchises such as McDonalds, Target, Walmart etc. All of which sell the rights to individuals to operate under the franchises name.

7. retailer ... in other words these are the final stores where customers ultimately purchase the product. This can either be a brick and mortar store or an online shop.

3 0

3 years ago

In its first month of operations, Multiplex Corporation purchased 40,000 pounds of material for $3.40 per pound. The company use

Vilka [71]

Answer:

$7,000 Unfavorable

Explanation:

data provided

Material in units = 18,000

Price per unit = 2

Actual hours = 38,000

Selling price = $3.50

The computation of material efficiency variance is shown below:-

Materials efficiency variance = (Standard hours - Actual hours) × Selling price

= (18,000 × 2 - 38,000) × $3.50

= $7,000 Unfavorable

Therefore for computing the material efficiency variance we simply applied the above formula.

3 0

3 years ago

The following is the adjusted trial balance for Nadia Company. Nadia Company Adjusted Trial Balance December 31 Account No. Debi

muminat

Answer:

Net Income = $2,980

Statement of owner's equity = $15,280

Total Assets = $19,050

Total Liabilities = $3,770

Explanation:

Requirement A) Income Statement

Nadia Company

Income Statement

For the Year Ended December 31, 20X9

Revenues: $ $

Fees Earned 10,930

Expenses:

Wages expense 2,450

Rent expense 1,900

Utilities expense 1,475

Depreciation Expense 1,150

Miscellaneous Expense 975

Total Expenses (7,950)

Net Income 2,980

Nadia company's total revenue exceeds the total expenses, therefore, the company earns a net income of $2,980.

Requirement B) Statement of owner's equity

Nadia Company

Statement of Owner's Equity

For the Year Ended December 31, 20X9

Particulars $

Beginning Capital 10,000

Add: Additional investment (Capital) 3,000

Add: Net income for the year 2,980

15,980

Less: Drawings 700

Capital, December 31 (Ending Capital) 15,280

The amount of $15,280 is the total owner's equity for the company. The company will this amount in the balance sheet as well.

Requirement C) Balance Sheet

Nadia Company

Balance Sheet

As At December 31, 20X9

Particulars $ $

Assets

Current Assets

Cash 5,130

Accounts Receivable 3,300

Prepaid Expenses 420

Total Current Assets 8,850

Property, Plant, and Equipment

Equipment 12,400

Less: Accumulated Depreciation (2,200)

Total Property, Plant, and Equipment 10,200

Total Assets 19,050

Liabilities & Owner's Equity

Liabilities

Current Liabilities

Accounts Payable 700

Notes Payable (Short-term) 3,070

Total Liabilities 3,770

Owner's Equity

Owner's Equity (From requirement B) 15,280

Total liabilities and owner's equity 19,050

Therefore, Total Assets = Total Liabilities + Owner's Equity

5 0

3 years ago

Garrett has just purchased a beer distributorship. He wants to increase the visibility of his firm in local markets, but he know

kvasek [131]

The first thing Garrett should do is to "identify issues that need to be addressed."

Explanation:

The selling, distribution and promotion of alcoholic beverages includes consumer protection information, health hazards, and environmental factors. And Garrett would just get that from the appropriate stakeholders such as regulatory bodies. Garrett must therefore first collect information and classify the interested parties.

Garret should also go through all the legal and mandatory channels which are needed to be crossed before entering into such a beer distributorship business program. For an instance like asking license number, GST number, affidavit regarding any future consequence which may result into some loss, etc.

5 0

3 years ago