The borrower can expect to receive an annual payment of approximately $1,480.33 if she decides on a $100,000 debt at the end of 10 years, with a 9% interest rate and a $10,000 advance.
To calculate the annual payment for a reverse annuity mortgage, you can use the following formula:
Annual payment = (Debt / Remaining term) * (Interest rate / (1 - (1 + Interest rate) ^ (-Term)))
In this case, the borrower wishes to take out a reverse annuity mortgage with a debt of $100,000 after 10 years, at an interest rate of 9%. She also wants to take a $10,000 advance. Using the formula above, we can calculate the annual payment as follows:
Annual payment = ($100,000 / 10) * (0.09 / (1 - (1 + 0.09) ^ (-10)))
= $10,000 * (0.09 / (1 - 1.09 ^ (-10)))
= $10,000 * (0.09 / (1 - 0.39))
= $10,000 * (0.09 / 0.61)
= $1,480.33
It's important to note that this is just an estimate, as the actual annual payment will depend on a variety of factors, including the borrower's age, the value of the property, and any fees or closing costs associated with the reverse mortgage. It's always a good idea to carefully consider all of the terms and conditions of a reverse mortgage before making a decision.
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marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of birmingham bonds. using the u.s. tax rate schedule for year 2022, what is his effective tax rate? (use tax rate schedule.)
Marc's effective tax rate will be 17.95%.
Using a rate sheet known as a tax schedule, individual or corporate taxpayers can calculate their expected tax liabilities.
17.95% = 10,771.25/60,000
The schedule lists tax rates for various taxable income thresholds as well as for various taxable situations. The rate schedule and tax rate schedule are other names for the tax schedule. There are seven federal tax brackets for the 2022 tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
The tax rate you will pay on each component of your income is displayed in tax brackets. For instance, the first $10,275 of your income in 2022 will be subject to the lowest tax rate of 10% if you are single. The subsequent portion of your income is taxed at 12%, and so on until the maximum.
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social media sites primarily exist for broad topics, making it difficult for marketers to appeal to smaller communities and niche markets. group of answer choices true false
Social media platforms DO NOT exist primarily for broad topics, which makes it falsely difficult for marketers to target smaller communities and particular customers.
Are the online journals where people express their ideas typically about a specific subject?Online journals called blogs allow readers to share their opinions, usually on specific subjects. On blogs, businesses can place advertisements and sway the content.
What component of social media marketing is the most crucial?One of the most crucial things you can do to continuously enhance your social media marketing plan is to track your analytics. Monitoring analytics provides you with a thorough image of the types of content and promotion tactics that are effective as well as those that are not, allowing you to make adjustments and advance.
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sharika completed her mba from a prestigious university and got an entry-level position with a financial firm. although she worked diligently and produced everything that was asked of her, she was not able to advance in the firm as much as male colleagues with similar credentials and job performance. it is likely that sharika encountered
As per the job performance, it is likely that Sharika encountered the glass ceiling with similar credentials and job performance.
Here we have given that Sharika completed her MBA from a prestigious university.
And we need to find what it is likely that Sharika encountered on the given situation,
While we looking into the given problem, here we have identified the following that Sharika completed her MBA from a prestigious university and got an entry-level position with a financial firm.
In in that firm, she worked diligently and produced everything that was asked of her and in one situation she was not able to advance in the firm as much as male colleagues with similar credentials and job performance.
In this state she will encountered the glass ceiling.
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deciding if a company will produce automobiles by robotics or manual labor answers the economic question of
Deciding if a company will produce automobiles by manual labor or with the use of robots answers the economic question of: How will we produce it?
Economics is the look at of shortage and its implications for using sources, production of goods and services, boom of production and welfare over the years, and a notable sort of other complicated troubles of important concern to society. while Corn crop manufacturing will increase the farmers decrease the fee of the crop if they want to sell off their produce. If the supply is too excessive then the demand i.e. the amount of corn had to feed the human beings of the country, the produce had to be wasted and farmers lose their cost of production.
A financial system includes clients who purchase products and services, businesses that appoint customers and make goods, and the government at diverse levels who both purchase products, appoint labor and levy taxes. Their collective interactions create a simplified economy.
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What general rule of thumb connects your car payment and your monthly savings budget?
which power base was found overall to have no significant impact on productivity in studies of its use across companies but if used properly can significantly increase productivity
Studies of its application across firms have not found a substantial influence on productivity, but when implemented properly, a reward power base can greatly boost productivity.
The capacity to reward successful, desirable results is known as reward power. Therefore, a leader has reward authority if they have the ability to praise, provide more vacation days, or manage the bonus pool.
People like having their efforts appreciated. Employees can receive this appreciation thanks to reward power.
The capacity to reward others for adhering to your requests or instructions is known as reward power. For instance, a manager may be able to give sales staff that fulfill quotas increases, promotions, incentives, or even just plain praise. These benefits may make workers more motivated to work hard.
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FILL IN THE BLANK. if portugal sends out 30 units of wine, it will get back ________ units of cloth.
Answer:
45
Explanation:
If Portugal sends out 30 units of wine, it will get back 45 units of cloth.
christopher reached his sales goal for the first quarter of the year and earned a bonus. what john experienced was .
Christopher reached his sales goal for the first quarter of the year and earned a bonus. John experienced Positive Reinforcement.
Positive reinforcement happens when a suited event or stimulus is presented as a result of conduct and the chance that this behavior will take place in similar environments will increase.
Instance: on every occasion, a rat presses a button, and it receives a treat. If the rat starts off evolved pressing the button more frequently, the treat serves to definitely support this conduct. Example: A father gives sweets to his daughter while she tidies up her toys. If the frequency of choosing up the toys will increase, the sweet is a positive reinforcer (to enhance the behavior of cleaning up).
Instance: A business enterprise enacts a rewards application wherein personnel earn prizes depending on the range of gadgets sold. The prizes the personnel receive are superb reinforcement if they boom sales. Example: A teacher praises his pupil when he receives a great grade. The reward the scholar gets is positive reinforcement in case the student's grades enhance.
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what asset (skillset) is needed most as planners seek to gather useful strategic marketing knowledge and to exploit the resulting insights?
As planners look to collect practical strategic marketing information and utilize the resultant insights, focus asset is most necessary.
Anything a company does to market its goods, services, or brand is referred to as a marketing asset. Some of the most common materials made available to external clients are emails, datasheets, brochures, presentations, websites, sales letters, blog posts, videos, and photographs.
Businesses of all sizes and in all sectors can easily maintain track of their assets, whether they are liquid or fixed, with the help of asset management. Employees will be aware of the assets' location, intended usage, and status of any modifications. Additionally, this greatly improves the check-in and check-out procedure.
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you really want to buy a new home theater system, but your credit cards are maxed out and the rent is due next week. which type of stressor is this?
You really want to get a new home cinema system, but you have maxed out your credit cards and your rent is due the next week.
What stressors means?An event, force, or circumstance that causes mental or physical stress is referred to as a stressor. Stressors can be internal or external influences that push the affected person to make adjustments or find coping mechanisms. something that results in tension or strain. The difficulties of daily life are referred to as "daily stresses," and they include both expected difficulties like caring for a child or traveling back and forth from work to home and unexpected difficulties like a broken home appliance, an unforeseen job deadline, or a traffic jam.
How do you identify stressors?Be mindful of any thought patterns or routines of behavior that feel time-consuming or bothersome throughout the day (such as generalizing, comparing, placing conditions, projecting, self-diminishing, or defending). Put these in a journal (or your journal if you have one). An emotion or bodily tension is referred to as stress. It can be brought on by anything that makes you angry, frustrated, or uneasy in your experiences or thoughts. A challenge and demand causes your body to experience stress. When it serves to keep you safe or help you accomplish a deadline, stress can be beneficial in short spurts.
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when a customer pays in advance for a product or service, the advance payment received by the company is recorded as:
When a customer pays in advance for a product or service, the advance payment received by the company is recorded as a debit to an asset and a credit to liability account.
ABOUT ADVANCE PAYMENTAdvance payment that is, in general: payment of an obligation, principal and interest before the due date; accounting: current expenses for a benefit to be received in the future; these expenses are recorded as prepaid expenses on various assets which will then be amortized when the benefits are enjoyed, for example prepaid rental fees; banking : payment of part or all of loan by the debtor before the due date;
Early repayment may be influenced by economic factors, such as a sharp decrease in interest rates which allows the debtor to refinance at lower interest rates, as well as changes in the number of members of the debtor's family, relocation of business premises, sale of the debtor's house, or death of the debtor; commercial loans and installment loans are also repaid earlier if the debtor gets a refinancing facility.
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the market for fertilizer is perfectly competitive. firms in the market are producing output but are currently incurring economic losses. a. how does the price of fertilizer compare to the average total cost, the average variable cost, and the marginal cost of producing fertili
A perfectly competitive (PC) firm that sells fertiliser may experience financial loss in the short term. In this case, the cost of fertiliser would be more high than the average variable cost (AVC). Nevertheless, it will still be less than the average total cost (AC) and marginal cost (MC).
A market or industry condition where a large number of businesses compete with similarly defined products is referred to as perfect competition.
The enterprises in this sort of market institution can only sell a small portion of the industry output since the number of consumers is so great. Both entering and leaving is free and simple. Perfect competition, though, is uncommon in real-world competition.
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Assume that president biden develops an executive agreement with russia this month, which will reduce taxes on foreign oil imported from the country as way to promote cordial international business interests. This executive agreement is directly in conflict with a foreign tax treaty issued by congress in may of last year. Assuming the president has the power to develop this agreement what is the likely outcome?.
The President's order will be overturned because it directly conflicts with the enumerated taxing powers of Congress.
Explain what taxes are.Specify taxes. Governments levy taxes as obligatory charges on persons or goods in essentially every country on the earth. Although it can be used for other purposes, taxes are usually utilised to raise funds for government spending.
What does "tax" mean?The word's origin, taxare, is Latin and meaning "to assess." Before that, the analogous word "task," which is derived from Old French, was used in English. For a while, the words "task" and "tax" also were often used; the former involved labour and the latter, money.
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if a company wants to sell 100 shares to raise $1,000 with earnings per share of $2, what would the share price need to be?
The share price must be $10 if a corporation wishes to sell 100 shares for $1,000 with a $2 earnings per share.
The price at which one share of a corporation would be purchased is known as the share price or stock price. A share's price is not constant; rather, it changes over time depending on the state of the market.
Investment experts often monitor the stock price of publicly listed companies to assess their financial standing, performance on the market, and overall viability. A constantly growing share price indicates that management is directing operations in the direction of profitability.
The share price is determined as follows:
Share price = amount to be raised/number of shares issued
= $1,000/100 shares
= $10 per share.
EPS will not be taken into account when determining the share price.
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kayak company uses a job order costing system and allocates its overhead on the basis of direct labor costs. kayak company's production costs for the year were: direct labor, $23,000; direct materials, $43,000; and factory overhead applied $5,300. the predetermined overhead rate was: multiple choice
The predetermined overhead rate was 23.04%.
The actual overhead that was used and the actual direct labour expenditures can be used to compute the overhead application rate. The annual overhead application rate is calculated by dividing the actual amount of overhead by the actual cost of direct labor.
Typically, overhead costs cannot be assigned to a certain product directly. According to a predetermined allocation rate, it is an indirect cost that is split among various departments and added to the cost of the product or charged to the income statement.
The amount of overhead charged for the given year is $5,300. The estimated labor costs are $23,000. The result of dividing the overhead application rate ($5,300 by $23,000) is: 0.2304.
0.2304*100
23.04%
Therefore, the overhead rate is 23.04%.
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the personal distribution of income in the united states shows that question content area bottom part 1 a. the richest 20 percent of individuals receive approximately 25 percent of total income. b. the richest 20 percent of individuals receive approximately 50 percent of total income. c. the poorest 20 percent of individuals receive approximately 20 percent of total income. d. income is equally distributed. e. the poorest 60 percent of individuals receive approximately 50 percent of total income.
Option b is correct about the personal distribution of income in the united states. The richest 20 percent of individuals receive approximately 50 percent of total income.
What is the economic inequality in the United States?Rising economic inequality in the United States has become a key topic and discussions about potential policy changes to help address it are likely to continue until the general election of 2020. The wealthiest 10 percent of earners possessed 68 percent of all wealth in the United States. The wealth owned by the bottom 50% of earnings, in contrast, was only 3.2% of the total.
What is the distribution of wealth?The wealth distribution in a society is a comparison of the wealth of different individuals or groups. One facet of economic disparity or heterogeneity is demonstrated by this. In contrast to the income distribution, the wealth distribution examines the economic ownership of the assets in a society rather than the members' current levels of income. The distribution of wealth around the world is far less equitable than that of income, according to the International Association for Research in Income and Wealth.
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who experiences the largest loss of consumer surplus when the price of the good increases from $20 to $22.
The buyer who loses the most consumer surplus when the price of the commodity rises from $20 to $22 is the one who experiences the same loss of consumer surplus as the other two customers.
A consumer surplus occurs when customers pay less for a good or service than they would be willing to. It is a way to quantify the extra value that consumers get from paying less than what they would have been willing to pay for a product.
The gap between what a customer is willing to pay and the price they actually pay for a product is referred to as the customer surplus. The price differential between the market price and the lowest price a producer is willing to take in order to create a good is known as the producer surplus.
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The complete question has been attached in text form:
Who experiences the largest loss of consumer surplus when the price of the good increases from $20 to $22?
Carlos $15
Quilana $25
Wilbur $35
Ming-la $45
the kinds of products being sold and the availability of public transportation are both factors that influence a retailer's decision about a. store atmosphere. b. retail positioning. c. the wheel of retailing. d. store image. e. location.
The kinds of products being sold, and availability of public transportation are both factors that influence retailer's decision about location.
What is a product?A product is anything that can be sold to a market to fulfill a customer's need or desire. An item, system, or service made available for customer use in response to consumer demand is referred to as a product in marketing. Products are sometimes known as merchandise in the retail industry and are bought as raw materials before being sold as finished goods in the manufacturing industry. Services fall under a separate category from goods. In project management, "products" are the explicitly specified project deliverables that either completely or partially accomplish the project's goals. Similar to byproducts, sub-products are production process byproducts that are nonetheless valuable.
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Business and industry hiring is one use for personality assessments.
true
false
It is true that the business and industry hiring is one use for the personality assessments.
What is personality?A person's personality is defined as the specific patterns of behavior, intellectual processes, and emotions that are formed through time as a result of biological and environmental factors that are particular to that person. The bulk of theories focus on motivation and psychological interactions with one's environment, even though there isn't a single definition of personality that is generally recognized. However, conduct is the primary determinant of personality and is influenced by habits and learning. It tries to use the study of personality psychology to understand the patterns that underlie behavioral variances. Psychologists have utilized a variety of theories to investigate personality, including biological, cognitive, learning, trait-based, psychodynamic, and humanistic theories. Early field theorists had an impact on the wide variety of personality study techniques used today.
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in a(n) ______ arrangement, one partner in a jv assumes primary responsibility for running it.
Based on business management, in an assigned arrangement, one partner in a JV assumes primary responsibility for running it.
What is an Assigned Arrangement?The assigned arrangement is a business term that is used to describe the type of agreement often in Joint Ventures that is used after a contract is signed, to transfer one of the contracting party's rights and obligations to a third party who was not originally a party to the contract.
Generally, assigned arrangements also involved a situation whereby one partner assumes primary responsibility for the operations of the strategic alliance.
An essential part of the assigned arrangement in a Joint Venture is the following:the competency of parties to enter into a contract, legal consideration, promise and acceptance, and a lawful objectHence, in this case, it is concluded that the correct answer is the Assigned arrangement.
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true or false: with a discount bond, the return on a bond is equal to the rate of capital gain.
False. With a discount bond, the return on a bond is equal to the coupon rate plus the rate of capital gain.
Return on a Discount BondA discount bond is a bond that is issued at a price lower than its face value. The return on a discount bond is equal to the coupon rate plus the rate of capital gain. The coupon rate is the interest rate that is paid to the bondholder, and the rate of capital gain is the difference between the purchase price of the bond and its face value.
For example, if a bond has a face value of $100 and is purchased for $90, the rate of capital gain is 10%. If the coupon rate is 5%, the total return on the bond would be 15%.Learn more about Discount bond: https://brainly.com/question/25596583
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according to the art of startups by bhide, successful bootstrappers focus their strategic vision on:
According to the art of startups by Bhide, successful bootstrappers focus their strategic vision on cash.
Bootstrapping is the practice of starting businesses on a shoestring budget. The average start-up capital of the businesses whose founders were contacted was roughly $10,000. More significantly, less than 5% of them raised equity for continuing financing in the next five years after beginning, with the majority relying on debt or retained earnings.
Bootstrapping has the same benefits of zero inventory in a just-in-time system: it exposes underlying issues and compels the business to find solutions. If the business had millions of dollars, it would be simple to blow this all up without ever tackling the underlying issues.
Additionally, investors want to see profits right away, and it is more difficult to adopt the "try it, fix it" philosophy necessary in the uncertain circumstances where start-ups thrive. Failure to accomplish initial targets is a poor indicator of future prospects. There may be pressure from outside investors to continue with unworkable strategies.
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Shawna wants to ensure that she has a good income throughout her retirement. Which method could she employ?.
Method could she employ She had the option of opening a 401K account and selecting a job where the employer would match her contributions.
What Makes for a Good Retirement Income?Approximately 80% of your pre-tax salary before leaving the working, per AARP, constitutes a respectable retirement income. Because you won't be paying income tax or other expenses related to your employment when you are not working, this is the case.
What kind of earnings are deemed high?Approximately $68,000 will be the typical household income in 2021. A household income deemed to be in the upper class is typically at least 50% more than the national median. A $100,000 salary or greater is considered upper class in America.
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A retailer marks up the price of a coffee mug from $6.25 to $8.77. by what percent did the price increase? round to two decimal places.a.28.73%b.39.68%c.40.32%d.45.97%
The percentage increase in price is 40.32% increase, hence option C is correct.
What is the percentage increase?Mathematically, it is the ratio of the difference between the final price with the old price to the old price
Percentage increase = (New price - Old price)/ Old price *100
From the example
Old price = $6.25
New price = $8.77
Percentage increase = (8.77 - 6.25 )/ 6.25 *100
Percentage increase = (2.52 )/ 6.25 *100
Percentage increase =0.4032 *100
Percentage increase =40.32%
hence the answer is 40.32%
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the decision making process that organizations use to establish the need for products and services and identify, evaluate, and choose among alternative brands and suppliers is referred to as
Organizational buying behavior is the decision-making process organizations use to establish a need for products and services and to identify,evaluate,and choose between alternative brands and suppliers.
When making a purchase decision on a product that the organization has purchased before, if an organization decides that it needs to change the specification.The business market consists of all organizations that purchase goods and services used in the production of other products or services that are sold,rented,or supplied to others.A buying center,also called a decision-making unit (DMU),brings together all members of an organization who are involved in the purchasing process for a particular product or service.A business is an organization that produces or sells goods or services to satisfy the needs,wants,and demands of consumers in order to make a profit,this is a business it produces a good for profit and satisfies the needs and wants of consumers.
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which method of job analysis was designed to permit simultaneous assessment of the job requirements and a person's ksaos?
Job components inventory is a method of job analysis was designed to permit simultaneous assessment of the job requirements and a person's ksaos.
Why is job analysis importantSeveral reasons explain why job analysis is important. First, the output becomes input for making human resource plans, including for:
Recruit and select employees Plan compensation such as salary and benefits Establish performance appraisal standards Design training programs and career development Setting up promotion and succession programs Reorganize business processesIt all requires a detailed description of all the jobs and positions in your company. It includes title, role, responsibility, authority, required skills and salary. So, by understanding the work in the company, you can develop more qualified human resources accompanied by the right policies and programs.
Take the case in recruiting. With an accurate and detailed description, you compile the requirements that must be met by the applicant, such as the required education, skills, knowledge and personal qualities. So, you can fill vacant positions with qualified candidates.
Second, you can use the results of the analysis to evaluate how relevant each job is to your company's goals and strategy. So, you can improve work processes to synergize them to make them more effective.
Third, you can map how each position can add value to the company. For example, you might pay more attention to some strategic positions and invest more in developing the qualities and skills of the position holders. On the other hand, you may need to eliminate some non-vital positions to support more efficient business processes.
Fourth, a conducive work environment with minimal conflict requires an evaluation of the results of the analysis. Conflicts at work often arise due to overlapping authority and responsibilities. So, to solve this problem, you can map and define authority and responsibility in each position. This aims to avoid gray areas or multiple roles. And, to do that, you need a job analysis.
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Select the correct answer. which question is irrelevant when setting a financial goal?a. what do you want to accomplish? b. what is the timeline of your investment? c. how varied should your portfolio be?d. what do you want to do with your returns? e. how much do you want to invest?
The question that is irrelevant when setting a financial goal is c. how varied should your portfolio be?
What are financial goals ?Financial goals generally involve a specific action or outcome that you want to achieve, such as saving a certain amount of money, paying off debt, or investing in a specific asset. The variety of your portfolio, or the mix of different types of investments that you hold, is not directly related to the specific financial goal that you are trying to achieve.
To set a financial goal, it is important to consider questions such as what you want to accomplish, what the timeline is for your goal, and what you plan to do with any returns that you may receive. It is also important to consider how much money you are willing to invest or save in order to reach your goal.
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infeasible problems can occur when the demand requirement is higher than the available capacity. State True or False your answer:
a. True
b. False
Answer:
A. True is the correct answer.
Explanation:
assuming that net credit sales for year 2 totaled $270,000, what is the company's most recent accounts receivable turnover?
Option B is correct, the company's most recent accounts receivable turnover is 20 times.
Accounts receivable turnover = Net credit sales ÷ [(Beginning accounts receivable + ending accounts receivable) ÷ 2]
Accounts receivable turnover = $270,000 ÷ [($12,000 + $15,000) ÷ 2] = $270,000 ÷ $13,500 = 20 times
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for price held by using a commercial enterprise for items furnished or services rendered that clients have ordered but not paid for. those are typically within the form of invoices raised via a business and added to the purchaser for payment within an agreed time frame.
Money owed receivable is proven in a balance sheet as an asset. it's miles certainly one of a sequence of accounting transactions dealing with the billing of a patron for items and offerings that the client has ordered. these can be outstanding from notes receivable, which can be money owed created through formal legal gadgets called promissory notes.
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Complete Question: -
The following balance sheet information was provided by O'Connor Company:
Assets Year 2 Year 1
Cash 4,000 2,000
Accts receive 15,000 12,000
Inventory 35,000 38,000
Assuming that net credit sales for Year 2 totaled $270,000, what is the company's most recent accounts receivable turnover?
A)18 times
B)20 times
C)22.5 times
D)7.7 times
treasury stock that had been purchased for $9,000 last month was reissued this month for $9,700. the entry to journalize the reissuance would include a credit to
The $9,000 in Treasury Stock purchased last month was reissued this month for $9,700. Credit for $700 from Paid-In Capital from Sale of Treasury Stock would be included in the entry to journalize the reissuance.
Treasury stock, a contra-equity account that lowers the overall balance of shareholders' equity, is listed inside the shareholders' equity section at the price of the shares that were repurchased.
The gain is recorded in an account called "paid-in capital from treasury stock" if the Treasury stock is sold for more than it cost to buy it. The company's retained earnings are diminished if the treasury stock is sold for less than its cost to repurchase it.
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