Lynn wants to share parts of an essay she wrote in her slide presentation.

In which example of corruption under president grant did the union pacific railroad use government money to make money from its

masya89 [10]

The correct answer is credit mobilier

7 0

3 years ago

Read 2 more answers

Growing perpetuity: You are evaluating a growing perpetuity investment from a large financial services firm. The investment prom

andrey2020 [161]

Answer:

The correct answer is $357,142.86.

Explanation:

According to the scenario, the given data are as follows:

Initial payment = $20,000

Growth rate = 3.4%

Discount rate = 9%

So, we can calculate the present value, by using following formula:

Present Value = Initial payment ÷ ( Discount rate - Growth rate)

By putting the value, we get

= $20,000 ÷ (0.09-0.034)

= 357,142.86

Hence, The present value of this Growing perpetuity is $357,142.86

8 0

3 years ago

What is equilibrium in econ

AURORKA [14]

Answer:

when supply meets demand

Explanation:

4 0

3 years ago

Hayne Co. filed suit against Hillsborough, Inc., seeking damages for copyright violations. Hillsborough's legal counsel believes

kolbaska11 [484]

Answer:

D) As a disclosure only. No liability is reported

Explanation:

US GAAP requires that probable contingent liabilities (like lawsuits) are disclosed in the footnotes of the financial statements. If it is probable that the liability will exist, in this case that Hillsborough will lose the case, then they must record the contingent liability at its most reasonable amount. If the amount cannot be estimated, then they must record it at its lowest amount. The key word is "probable", since it must be likely that the event occurs in order for it to be recorded in the footnotes.

7 0

4 years ago

Exercise 13-12 Ivanhoe Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a

IRINA_888 [86]

Answer: Please see below

Explanation:

1) Journal to record the purchase of 9000 premiums at 85 cents

Year Account Title and explanations Debit Credit

2020 n Inventory of premium $7,650

Cash $7,650

working

Purchase price= Number of units purchased x price per unit

9000 x 0.85= $7,650

2) Journal to record the sale of 109,000 boxes at $3.10

Year Account Title and explanations Debit Credit

2020 Cash $337,900

Sales Revenue $337,900

working

Sale price= Number of units sold x price sold per unit

109,000 boxes x $3.10= $337,900

3) Journal to record the premium expenses

Year Account Title and explanations Debit Credit

2020 Premium Expenses $4,080

Inventory on premium $4080

working

Premium expenses= coupons presented for redemption / number of coupons to redeem premium x price per premium

= 48,000/10 x 0.85 = $4,080

4) Journal to record the premium liability

year Account Title and explanations Debit Credit

2020 Premium Expenses $1,479

Premium liability $1,479

working

Estimated redemption on number of boxes sold = number of boxes sold x probability of redemption= 109,000 x 60 %= $65,400

premium liability of coupons = estimated redemption of premiums - number of coupons already redeemed

= 65,400- 48,000 = 17,400

Cost of premium liabilty = premium liability of coupons /number of coupons per premium x rate per premium

17,400/10 x 0.85 ==$1,479

6 0

3 years ago