Answers
Answer:
I think its the 3 one
Related Questions
Two-Asset Portfolio Stock A has an expected return of 12% and a standard deviation of 35%. Stock B has an expected return of 17% and a standard deviation of 60%. The correlation coefficient between Stocks A and B is 0.2. What is the expected return of a portfolio invested 20% in Stock A and 80% in Stock B
Answers
Answer: 16%
Explanation:
Expected return of a portfolio is the weighted average of the returns of the individual stocks given the proportion of the portfolio invested in them:
= (Return on stock A * Percentage invested in stock A) + ( Return on Stock B * Percentage invested in Stock B)
= (12% * 20%) + (17% * 80%)
= 2.4% + 13.6%
= 16%
Crane Company, a computer services company, entered into these transactions during May 2017, its first month of operations.
1. Stockholders invested $32,000 in the business in exchange for common stock of the company.
2. Purchased computers for office use (recorded as Equipment) for $26,600 from Ladd on account.
3. Paid $5,500 cash for May rent on storage space.
4. Performed computer services worth $18,400 on account.
5. Performed computer services for Wharton Construction Company for $5,300 cash.
6. Paid Western States Power Co. $8,500 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $1,800 on account.
9. Received $10,200 cash from customers for contracts billed in (4).
Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the far right column.
Assets Liabilities Stockholders Equity
Cash + Accounts + Equipment = Accounts + Common + Retained Earnings
Receivable Payable Stock Revenue Expenses
Answers
Using the following tabular analysis to show the effect of each transaction on the accounting equation is as follows:
Assets = Liabilities + Stockholders Equity
No. Cash + Accounts + Equipment = Accounts + Common + Retained
Receivable Payable Stock Earnings
Revenue Expenses
1. $32,000 $32,000
2. $26,600 $26,600
3. -$5,500 -$5,500
4. $18,400 $18,400
5. $5,300 $5,300
6. -$8,500 -$8,500
7. -$26,600 -$26,600
8. $1,800 -$1,800
9. $10,200 -$10,200
$6,900 $8,200 $26,600 $1,800 $32,000 $23,700 -$15,800
Summary of transactions:Total Assets = $41,700 ($6,900 + $8,200 + $26,600)
Liabilities = $1,800
Common Stock = $32,000
Net Income = $7,900 ($23,700 -$15,800)
Total liabilities and equity = $41,700
Transaction Analysis:1. Cash $32,000 Common stock $32,000
2. Equipment $26,600 Accounts Payable (Ladd) $26,600
3. Rent expenses $5,500 Cash $5,500
4. Accounts Receivable $18,400 Service Revenue $18,400
5. Cash $5,300 Service Revenue $5,300
6. Utility expense $8,500 Cash $8,500
7. Accounts Payable (Ladd) $26,600 Cash $26,600
8. Advertising Expense $1,800 Accounts Payable $1,800
9. Cash $10,200 Accounts Receivable $10,200
Thus, the accounting equation remains in the balance after each transaction.
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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 70.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 70.0 when he fully retires, he will begin to make annual withdrawals of $195,078.00 from his retirement account until he turns 94.00. After this final withdrawal, he wants $1.37 million remaining in his account. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be
Answers
Answer:
X = $25,717.13 is the contribution amount that Derek has to plan.
Explanation:
Solution:
Assumption = Interest rate = 4%
Amount required at the age of 70 = value of all withdrawals
So, he will be making withdrawals until 94 years of age.
94 - 70 = 24
Annual Withdrawals = $195,078.00
Interest Rate = 4%
Period = 24 years.
Putting these values into the PVAF function, you will get:
PVAF(4%,24 years) = 15.24
So,
Amount required at the age of 70 = $195,078 x 15.24
Amount required at the age of 70 = 2972988.72
And now, we need to find the amount needed at the age of 65.
Amount required at the age of 65 = Present Value at the age of 65
Amount required at the age of 65 = 2972988.72 x PVF (4%,5 years)
PVF (4%,5 years) = 0.822
Amount required at the age of 65 = 2972988.72 x 0.822
Amount required at the age of 65 = $2443796.72
Let suppose, annual contribution = x
X*[{(1+0.04)40-1]}/0.04] = $2443796.72
95.026X = $2443796.72
X = $25,717.13 is the contribution amount that Derek has to plan.
What do externalities indicate?
a. resource immobility
b. a market failure
c. a lack of information
d. public goods
Answers
Answer:
They indicate B. A market failure
The three steps for reframing a conversation with an angry customer are; here’s who we are here’s what we do and here’s how we can help
Select one:
True
False
Answers
The three steps for reframing a conversation with an angry customer are; here’s who we are, here’s what we do and here’s how we can help is the correct statement.
Who are customers?Customers are the people that buys some goods or services from the shop or anywhere. Customers always feel satisfied and accomplished with the overwhelming experience of shopping. If the customers are happy, they become permanent customers.
Thus, the statement is true.
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Assume that John deposits $8,000 into an account that has a 2.4% annual interest rate for 8 years. (a) If the interest is compounded annually, there will be $ in the account. (b) If the interest is compounded monthly, there will be $ in the account. (c) If the interest is compounded weekly, there will be $ in the account. (d) If the interest is compounded daily, there will be $ in the account. (e) If the interest is compounded continuously, there will be $ in the account.
Answers
Answer:
a) Compounded Annually = $9671.41
b) Compounded Monthly = $9691.51
c) Compounded Weekly = $9692.93
d) Compounded Daily = $9693.30
e) Compounded Continuously = $9693.36
Explanation:
Solution:
This question is very simple. We just need to know the basic formula.
Data Given:
P = Principal Amount = $8000
i = interest rate = 2.4% annual
n = period or year = 8 years.
So, our basic formula is:
A = P [tex](1 + \frac{r}{100}) ^{n}[/tex]
a) Compounded Annually.
A = P [tex](1 + \frac{r}{100}) ^{n}[/tex]
A = 8000 [tex](1 + \frac{0.024}{100}) ^{8}[/tex]
A = $9671.41
b) Compounded Monthly:
1 year = 12 months.
A = P [tex](1 + \frac{r}{100*12}) ^{n*12}[/tex]
A = 8000 [tex](1 + \frac{0.024}{100*12}) ^{8*12}[/tex]
A = $9691.51
c) Compounded Weekly:
1 year = 52 weeks
A = P [tex](1 + \frac{r}{100*52}) ^{n*52}[/tex]
A = 8000 [tex](1 + \frac{0.024}{100*52}) ^{8*52}[/tex]
A = $9692.93
d) Compounded Daily:
1 year = 365 days
A = P [tex](1 + \frac{r}{100*365}) ^{n*365}[/tex]
A = 8000 [tex](1 + \frac{0.024}{100*365}) ^{8*365}[/tex]
A = $9693.30
e) Compounded Continuously:
For this we have following formula:
A = P[tex]e^{\frac{n*r}{100} }[/tex]
A = P[tex]e^{\frac{8*0.024}{100} }[/tex]
A = $9693.36
In 2019, Mr. Smith purchased a principal residence for $1,500,000. He made a down payment of $300,000 and financed the remainder by borrowing $1,200,000 through a loan secured by the residence. In 2019, Mr. Smith paid interest that accrued on the indebtedness during that year. He had no other debt secured by the residence. May he deduct the entire amount of interest which was paid on the home loan
Answers
Answer:
Following are the solution to the given question:
Explanation:
Article 163(a) enables with all interest charged as well as accumulated throughout the obtainable year as rationale. On something like a duty. Not from having to stand, area 163(h)(1) for individuals continues to refuse an inference.
Definitely competent house involvement is not really a person under Segment 163(h)(2)(D). In Section 163(h)(3)(a) characterizes skilled optimism even though paid or charged interest. Recovering for a guaranteeing responsibility or house price responsibility guaranteed by taxable year Each consumer's competent going to dwell.
Even though optimism for both the supply chain responsibility under sentence 163(h)(3), a public servant may deduct (B) Accrued interest on 1,000,000 of the 1200,000 bond that used highlight the entire living in 2009 Agreement. In getting a competent living situation, the 1200,000 responsibility has been obtained Taxpayer as well as living agreements have been secured. In the this way: 1,000,000 is obligatory Obtained under 163(h)(3) as a supply chain obligation (B).
The following data about Atlantis Trading Inc. is available. What is Atlantis’s cash flow from operating activities?
Items Amount ($)
Net income
45,000
Increase in stock
5,000
Decrease in accounts receivables
2,000
Increase in salaries payable
10,000
A.
$54,000
B.
$51,000
C.
$53,000
D.
$52,000
Answers
Answer:
The correct option is D. $52,000.
Explanation:
Atlantis’s cash flow from operating activities can be calculated as follows:
Atlantis Trading Inc.
Calculation of Cash Flow from Operating Activities
Items Amount ($)
Net income 45,000
Adjustment to reconcile net income
(Increase) decrease in current assets:
Increase in stock (5,000)
Decrease in accounts receivables 2,000
Increase (decrease) in current liabilities:
Increase in salaries payable 10,000
Cash flow from operating activities (52,000)
The above implies that:
Cash flow from operating activities = Net income - Increase in stock + Decrease in accounts receivables + Increase in salaries payable = $45,000 - $5,000 + $2,000 + $10,000 = $52,000
Therefore, the correct option is D. $52,000.
Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity cost pools: materials handling and setup. Pertinent data follow: Fabric Case Leather Case Number of labor hours 15,000 9,000 Number of material moves 440 660 Number of setups 40 80 Total estimated overhead costs are $150,000, of which $110,000 is assigned to the materials handling cost pool and $40,000 is assigned to the setup cost pool.
Answers
Answer:
$93,750
Explanation:
Required: "Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours."
Total estimated overhead costs (A) = 150,000
Total labor hours (B) = 15,000 + 9,000 = 24,000
Overhead allocation rate (C) = A/B = 150,000/24,000
Overhead allocation rate (C) = $6.25 Per labor hour
Total labor hours used by Fabric case (D) = 15,000 Hours
Overhead assigned to the fabric case (C*D) = $6.25 Per labor hour * 15,000 Hours = $93,750
A city starts a solid waste landfill during 2020. When the landfill was opened the city estimated that it would fill to capacity within 6 years and that the cost to cover the facility would be $1.8 million which will not be paid until the facility is closed. At the end of 2020, the facility was 15% full, and at the end of 2021 the facility was 35% full. If the landfill is judged to be a governmental fund, what liability is reported on the fund financial statements at the end of 2021
Answers
Answer:
$630,000
Explanation:
facility cost = $1.8 million = $1,800,000
The liability reported will depend on the percentage of full facility in the respective years
2020 = 15%
2021 = 35%
The liability reported on the financial statement of 2021 can be calculated as follow
Liability value 2021 = Facility cost x Percentage of the facility
Liability value 2021 = $1,800,000 x 35%
Liability value 2021 = $630,000
Hence $630,000 will be reported as a liability in respect of the facility in the financial statement of 2021.
Identify the similarities between commercial and social entrepreneurship. Do you think that these similarities should lead to considering the two disciplines as similar? Should social entrepreneurship be considered a subfield of entrepreneurship
Answers
Answer:
1. The similarities between commercial and social entrepreneurship are:
a. Value Creation: Commercial and social entrepreneurship try to create value. While the commercial entrepreneur creates value for society by increasing economic returns, the social entrepreneur tries to reduce the needs of society by creating social returns.
b. Innovativeness: Both the commercial and social entrepreneurs are innovative, always coming with ideas to improve and meet societal needs for goods and services.
c. Resourcefulness: Both kinds of entrepreneurship deploy entrepreneurial resourcefulness to achieve efficiency and effectiveness in their activities.
d. Perseverance: Commercial and social entrepreneurs do not easily give up on their ideas. They endeavor to execute their visions and missions to the fullest, notwithstanding the accompanying risks.
2. Their similarities are mainly conceptual. Their differences lie in the goals they set out to achieve.
3. Yes. Social entrepreneurship is one of the subfields of entrepreneurship, depending on a variety of research traditions, perspectives, and methods.
Explanation:
Social entrepreneurship creates social value for the public good. Commercial entrepreneurship creates profitable operations (or economic value) for private gain. Generally, entrepreneurship is the process of creating value (social or economic) through the assumption of risks.
Both of them seem to have the capacity to see opportunities and have a substantial effect on society. Commercial entrepreneurs strive to satisfy people's wants, whereas social entrepreneurs strive to alleviate those needs.
Commercial and social entrepreneurshipYes, entrepreneurship education should be regarded an entrepreneurship subfield.
Individuals, organizations, or businesses take this technique to create, fund, and discover approach to various, cultural, and environmental challenges.
Although the goal is different, the process is the same.
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which of the following is an example of business related financial information:
pay stub
school-loan document
accounts recievable record
sales reciept from purchasing a new mattress
Answers
Answer:
accounts recievable record
Explanation:
Accounts receivable record shows the amount of money customers owe a business. It arises when a company sells goods or services to customers on credit. Accounts receivable is a financial record, as it records commercial transactions between a firm and its customers.
Accounts receivables are treated as assets in the financial records of a business.
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing TotalEstimated total machine-hours (MHs) 9,000 3,600 12,600Estimated total fixedmanufacturing overheadcost $36,000 $13,320 $49,320Estimated variablemanufacturing overheadcost per MH $2.50 $3.00During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job C Job MDirect materials $16,700 $9,900Direct labor cost $23,400 $10,300Molding machine-hours 2,700 6,300Customizing machine-hours 3,000 600Required:Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M.
Answers
Answer:
Selling price for Job C $93,300
Selling price for Job M $78,204
Explanation:
The computation of the selling prices for Job C and for Job M is given below:
But before that following calculations need to be done
Departmental overhead rates:
Molding 6.50 (2.5 + (36000 ÷ 9000))
Customizing 6.70 (3 + (13320 ÷ 3600)
Particulars Job C Job M
Direct materials $16,700 $9,900
Direct labor cost $23,400 $10,300
Overhead applied:
Molding $17,550 $40,950
(2700 × 6.50) (6300 × 6.50)
Customizing $20,100 $4,020
(3000 × 6.70) (600 × 6.70)
Total manufacturing cost $77,750 $65,170
Add: Markup at 20% $15,550 $13,034
Selling price $93,300 $78,204
what are business letters
Answers
What is the default view in word document
Answers
Answer:
When you open one of your business documents in Microsoft Word 2010, it is displayed in the Print Layout view, which is the default view. You can change the view at any time. If you find that you are having to change the view every time you open a document, you can save time by modifying the default open view in Word.
Explanation:
Answer:
EDITING VIEW
Explanation:
George transfers cash of $150,000 to Finch Corporation, a newly formed corporation, for 100% of the stock in Finch worth $80,000 and debt in the amount of $70,000, payable in equal annual installments of $7,000 plus interest at the rate of 9% per annum. In the first year of operation, Finch has net taxable income of $40,000. If Finch pays George interest of $6,300 and $7,000 principal payment on the note:
Answers
Answer:
Finch has an interest expense deduction of the amount of $6,300.
Explanation:
Based on the information given in a situation where Finch pays George interest of the amount of $6,300 in which the amount of $7,000 was the principal payment on the note which means that Finch will have an interest expense deduction of the amount of $6,300 reason been that the amount of interest that was paid to George which is $6,300 will be the amount that is allowed for deduction.
Use the following data to calculate the cost of goods sold for the period: Beginning Raw Materials Inventory $ 30,000 Ending Raw Materials Inventory 70,000 Beginning Work in Process Inventory 40,000 Ending Work in Process Inventory 46,000 Beginning Finished Goods Inventory 72,000 Ending Finished Goods Inventory 68,000 Cost of Goods Manufactured for the period 246,000
Answers
Answer:
the cost of goods sold is $250,000
Explanation:
The computation of the cost of goods sold is given below:
= Opening finished goods inventory + cost of goods manufactured - ending finished goods inventory
= $72,000 + $246,000 - $68,000
= $250,000
Hence, the cost of goods sold is $250,000
Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $35 per share and the building's book value on the books of the seller was $250,000. Which of the following journal entries is correct for Smith Company when Smith issues 10,000 shares of $10 par value common stock and pays $20,000 cash in exchange for the building?
A) The common stock account increases by $100,000.
B) The building account increases by $370,000.
C) Stockholders' equity increases $350,000.
D) The additional paid-in capital account increases by $100,000.
Answers
Answer:
B) The building account increases by $370,000.
Explanation:
Since the per share value is $35
Also the 10,000 shares are issued at $10 and pays $20,000 in exchange of building
So the building account would be increased by
= 10,000 shares × $35 + $20,000
= $350,000 + $20,000
= $370,000
hence, the correct option is B.
Which qualification is necessary for a Mental Health Counselor?
A.) Knowledge of psychology and related books and resources
B.) Understanding of a psychology and religious tradition
C.) Understanding of psychology, and mathematics
D.) Knowledge of psychology and history of psychology
Answers
Answer:
i think its C. Understanding of Psychology, and Mathematics. Sorry if im wrong
Explanation:
Understanding psychology and mathematics qualification are necessary for a Mental Health Counselor. The correct option is C.
What is the connection between psychology and mathematics?
The area of psychology known as mathematical psychology is concerned with using mathematical and computational models to analyze and forecast human behavior. Memory, attention, problem-solving, perception, decision-making, and motor control are typical areas of interest.
Psychologists can interpret data and gain a better understanding of the brain with math. Therefore, having these skills is essential if you want to be as productive as possible at work. Though they usually focus on a person's behavior and thought processes, therapists can benefit from having a basic understanding of math. Students who understand math will do better in their science classes because math is closely related to the subjects they study.
Thus, the ideal selection is option C.
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Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 58,000 Total fixed manufacturing overhead cost $ 174,000 Variable manufacturing overhead per direct labor-hour $ 5.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 50 Total direct labor-hours 100 Direct materials $ 690 Direct labor cost $ 5,800 The unit product cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers
Answer:
$3,621.8
Explanation:
Given the above information, first, we will calculate the ;
Variable manufacturing overhead = $5.00 × 100 = 600
Then, the total fixed manufacturing overhead = $174,000
Total costs = $690 + $5,800 + $600 + $174,000 = $181,090
Unit product cost = $181,090/50
Unit product cost = $3,621.8
The present value of $40,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar)
Oa. $40,000
Ob. 58,112
Oc. $31,888
Od. $48,112
Answers
Answer:
c. $31,888
Explanation:
The formula for calculating the present value is as below
Pv = FV x { 1/ (1+ r)^n }
Pv = $40,000 x { 1/ (1 +0.12)^2
Pv =$40,000 x (1/1.2544)
Pv =$40,000 x 0.7971938
Pv =$31,887.50
The amount of money withheld from an employee's paycheck is...
A.Payroll deductions
B.Levied taxes
C.FICA
D.Gross earnings
Answers
Answer:
A.Payroll deductions
Explanation:
Withholding is the action by employers to retain a portion of an employee's salary for a specific function. Money withheld does not get to the employee bank's account. The amount withheld is shown in the pay stub, but the employee will not access it.
Employers collect the amounts withheld and remit them to the concerned agency. Deductions are usually a percentage of the employee's gross pay.
Northern Company has bonds with an amortized cost of $600,000. At the end of the first reporting period, the bonds had a fair value of $675,000. 2 days after the end of the first reporting period, the bonds have a fair value of $680,000 and Northern decides to sell the bonds. Northern properly classifies these bonds as trading securities. Prior to recording the sale, the journal entry to adjust the bonds to fair value includes (Select all that apply.)
Answers
Answer:
we are not given any options, so I will show you the adjusting journal entry:
Dr Investment in bonds 75,000
Cr Unrealized holding gains 75,000
Northern actually made a profit by simply holding these bonds since they appreciated from $600,000 to $675,000, but it cannot record the gains immediately until they are sold. That is why unrealized holding gains is credited.
Kingbird, Inc.had the following transactions during 2022: 1. Issued $340000 of par value common stock for cash. 2. Recorded and paid wages expense of $163200. 3. Acquired land by issuing common stock of par value $136000. 4. Declared and paid a cash dividend of $27200. 5. Sold a long-term investment (cost $8160) for cash of $8160. 6. Recorded cash sales of $1088000. 7. Bought inventory for cash of $435200. 8. Acquired an investment in Zynga stock for cash of $57120. 9. Converted bonds payable to common stock in the amount of $1360000. 10. Repaid a 6-year note payable in the amount of $598400. What is the net cash provided by investing activities
Answers
Answer: -$48,960
Explanation:
Investing activities are those that have to do with Capital expenses. These include fixed assets and investments into the securities of other companies.
From the transactions listed, the following are investing activities:
5. Sold a long-term investment (cost $8160) for cash of $8,160.
8. Acquired an investment in Zynga stock for cash of $57,120.
Net cash from investing activities is therefore:
= Cash inflows - Cash outflows
= 8,160 - 57,120
= -$48,960
Refer to the portions of the 2018 and 2019 balance sheets provided below. Calculate the change in net working capital during the year 2019. 2018 2019 2018 2019 Cash $360 $710 Notes Payable $510 $550 Accts. Receivable $1,190 $1,070 Accounts Payable $720 $830 Inventory $840 $930 Long Term Debt $1,180 $1,090
Answers
Answer:
$1,330
Explanation:
Change in net working capital during the year 2019 is computed as
= Current assets - Current liabilities
Current assets 2019 = Cash $710 + Accounts receivables $1,070 + Inventory $930
Current assets = $2,710
Current liabilities 2019 = Notes payable $550 + Accounts payable $830
Current liabilities = $1,380
Therefore,
Change in net working capital during the year 2019
= $2,710 - $1,330
= $1,330
On January 1, 2019, the balance in Kubera Co.'s Allowance for Bad Debts account was $1,150. During the year, a total of $3,655 of delinquent accounts receivable was written off as bad debts. The unadjusted balance in the Allowance for Bad Debts account at December 31, 2019, was $1,450. Required: a. What was the total amount of bad debts expense recognized during the year
Answers
Answer:
$3,955
Explanation:
Bad debts are debts owned to a business whose likelihood of collection is not guaranteed.
Debit
Particulars Amount
Debtors. $3,655
Balance c/f. $1,450
Total $5,105
Credit
Particulars. amounts
Balance b/f $1,150
Bad debts. $3,955
Total. $5,105
Therefore, the amount of bad debts recognized during the year is $3,955
On January 1, 2021, Sans Serif Publishers leased printing equipment from First LeaseCorp. First LeaseCorp purchased the equipment from CompuDec Corporation at a cost of $479,079. The lease agreement specifies six annual payments of $100,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 from 2021 through 2025. The six-year lease term ending December 31, 2026, is equal to the estimated useful life of the equipment. First LeaseCorp routinely acquires electronic equipment to lease to other firms. The interest rate in these financing arrangements is 10%. 1) How should this lease be classified
Answers
Answer:
The lease should be classified as a Finance or Capital Lease.
Explanation:
For Sans Serif to recognize a lease arrangement as a Capital Lease, the lease term will take up a significant part of the asset’s useful economic life, among other conditions. In this case, the economic life of the asset is six years, and the lease term lasts six years. This lease cannot be classified as an operating lease, with the lease payments treated as an expense instead of as a repayment of a liability for a recognized asset.
On December 31, 2021, L Inc. had a $2,000,000 note payable outstanding, due July 31, 2022. L borrowed the money to finance construction of a new plant. L planned to refinance the note by issuing long-term bonds. Because L temporarily had excess cash, it prepaid $550,000 of the note on January 23, 2022. In February 2022, L completed a $3,500,000 bond offering. L will use the bond offering proceeds to repay the note payable at its maturity and to pay construction costs during 2022. On March 13, 2022, L issued its 2021 financial statements. What amount of the note payable should L include in the current liabilities section of its December 31, 2021, balance sheet
Answers
Answer:
$550,000
Explanation:
Based on the information given we were told that the company temporarily had excess cash in which the company prepaid the amount of $550,000 of the note because the company had planned to refinance the note by issuing long-term bonds which means that the amount of the note payable that the company should include in the current liabilities section of its December 31, 2021, balance sheet will be the amount of $550,000 which represent the prepaid amount reason been that any amount that was been excluded as current Liabilities amount due to refinancing cannot in any way be greater than the amount that was actually refinanced in the nearest future.
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 91,900 Indirect materials issued to production 11,900 Total materials issued to production 134,000 Beginning materials inventory 54,000 The debit to the Factory Overhead account is: Multiple Choice
Answers
Answer:
i would think from around 50k
to 100k
Explanation:
An index consists of the following securities and has an index divisor of 3.0. What is the price-weighted index return? Stock Shares Outstanding Begin Price End Price A 4,500 $ 20 $ 25 B 7,000 $ 15 $ 12 C 3,000 $ 28 $ 35
Answers
Answer:
14.29%
Explanation:
Calculation for the price-weighted index return
Price-weighted index return = [($25 + $12 + $35)/3] - [($20 + $15 + $28)/3]/[($20 + $15+ $28)/3]
Price-weighted index return =[($72/3)-($63/3)]/($63/3)
Price-weighted index return =($24-$21)/$21
Price-weighted index return =$3/$21
Price-weighted index return =0.1429*100
Price-weighted index return =14.29%
Therefore the Price-weighted index return will be 14.29%