The total cost method includes all manufacturing costs plus selling and administrative expenses in the cost amount to which the markup is added to determine product price is TRUE.
Total cost method is a pricing strategy which includes all production cost of a products and its related expenses then adding profit to the resulting amount. This method allows a company to put the highest price as possible based on its desired profits.
However, this method is disfavored by the boards and courts because it ssumes the reasonableness of a company's costs, the accuracy of its bid computations, and its lack of responsibility for increases in costs.
To overcome this issue, the modified total cost method is developed which is the adjusted version of total cost method for any deficiencies in the company's proof in satisfying the requirements of the total cost method.
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a firm with a cash conversion cycle of 175 days can stretch its average payment period from 30 days to 45 days. this will result in a/an . decrease of 15 days in the cash conversion cycle increase of 15 days in the cash conversion cycle increase of 30 days in the cash conversion cycle decrease of 30 days in the cash conversion cycle
A company with a 175-day cash conversion cycle can increase its typical payment time from 30 to 45 days. As a result, the cash conversion period will shorten by 15 days. Hence, Option A is correct.
The length of time it takes for a business to turn money spent on manufacturing and sales into cash is known as the cash conversion cycle. It is used to gauge how well a company uses its working capital.
Learn how to calculate the cash conversion cycle and how to apply it in analysis. The cash conversion cycle is a crucial business indicator that illustrates how effective a company is.
A company can monitor it to understand how rapidly cash is being converted from sales into cash and vice versa. It helps business owners to have a comprehensive understanding of their cash flow situation.
Therefore, Option A is correct.
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If mean daily demand is 20 units, lead time is 7 days, the standard deviation of demand during lead time is 12.0 units, and management has a preferred service level of 99.9% (z = 3), the reorder (R) level for the item would be a. 56.00 units. b. 176.00 units.
c. 152.00 units d. 104.00 units
The item's reorder level would be 152 units. Therefore, it can be said that option (c) is the one that applies to this question.
Demand in economics is understood as a consumer's willingness and desire to buy products and services at a specific price.
Demand generally decreases as a product's price increases. The needed sum will increase if the cost of a commodity or service decreases. The term "demand" is generally known to both consumers and businesses because it makes sense and naturally develops throughout almost any day. Customers that keep an eye on certain items, for example, might purchase more of them when the price decreases. Every time anything happens, consumers often buy less things or occasionally nothing at all.
Re-order level = (Maximum daily usage rate × lead time ) + Safety stock
= (20 × 7) + 12
= 140 + 12
= 152 units
Therefore, the reorder (R) level for the item would be 152 units.
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the mm theory with taxes implies that firms should issue maximum debt. in practice, this does not occur because: question 10 options: debt is more risky than equity. bankruptcy is a disadvantage to debt. the weighted average cost of capital is directly related to the debt-equity ratio. the weighted average cost of capital is inversely related to the debt-equity ratio. u.s. regulations require the debt-equity ratio of publicly-traded firms to be in the range of .3 to .7.
The mm theory with taxes imp-lies that firms should issue maxi-mum debt. in practice, this does not occ-ur because : bankruptcy is a dis-advantage to debt.
The Modigliani-Miller theo-rem (MM) states that the mar-ket value of a company is corr-ectly calculated as the present value of its future earn-ings and its under-lying assets, and is independent of its capital stru-cture.
The main idea of the M&M theory is that the cap-ital structure of a comp-any does not affect its over-all value.
The theory demon-strates that how a manufacturing comp-any funds its activities is less import-ant than the profitability of tho-se activities.
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building blocks co. is consdiering the purhcase of a new saw with a useful life of 10 years and unknown salvage value.
$25,000 Negative net present value to be offset / Present value factor $13,950 / 0.558 = $25,000.
If your calculation results in a negative net present value, this means the money generated in the future isn't worth more than the initial investment cost. A negative net present value means this may not be a great investment opportunity because you might not make a return.
If the calculated NPV of a project is negative (< 0), the project is expected to result in a net loss for the company. As a result, and according to the rule, the company should not pursue the project.
Additionally, a negative NPV means that the present value of the costs exceeds the present value of the revenues at the assumed discount rate. Any investment will produce a negative NPV if the applied discount rate is high enough.
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given zero-coupon bond yields are 2.0%, 2.5%, and 2.8% in years 1, 2, and 3, respectively, calculate the prepaid swap price for corn. assume corn forward prices for the proceeding 3 years are $5.00, $5.20, and $5.35, respectively. group of answer choices $14.78 $15.04 $16.12 $16.20
The prepaid SWAP price Corn is $14.78.
The prepaid SWAP price Corn
= $5 / (1 + 0.02) + $5.2 / (1 + 0.025)2 + $5.35 / (1 + 0.028)3
= $5 / 1.02 + $5.2 / 1.05 + $5.35 / 1.086
= $14.78
A swap is a by-product contract via which parties alternate the coins flows or liabilities from exclusive monetary contraptions. maximum swaps involve cash flows based totally on a notional predominant quantity including a loan or bond, despite the fact that the device may be almost whatever.
Swap refers to an change of 1 financial device for every other among the parties concerned. This change takes location at a predetermined time, as specified within the contract. Description: Swaps are not change oriented and are traded over the counter, normally the dealing are oriented via banks.
Swaps are by-product contraptions that constitute an agreement among parties to change a sequence of coins flows over a particular period of time. Swaps offer exquisite flexibility in designing and structuring contracts primarily based on mutual agreement.
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nala inc. reported deferred tax assets and deferred tax liabilities at the end of 20x4 and at the end of 20x5. according to fasb 109, for the year ended 20x5, nala should report deferred income tax expense or benefit equal to the sum of the net changes in deferred tax assets and deferred tax liabilities. decrease in the deferred tax assets. increase in the deferred tax liabilities. amount of income tax liability, plus the sum of the net changes in deferred tax assets and deferred tax liabilities.
According to FASB 109, for the year ended 20x5, Nala should report deferred income tax expense or benefit equal to the sum of the net changes in deferred tax assets and deferred tax liabilities.
A deferred tax assets is an item on a company's record that reduces its nonexempt financial gain within the future. Such a point quality may be found once a business overpays its taxes. This cash can eventually be came back to the business within the style of tax relief.
A deferred tax liabilities is a listing on a company's record that records taxes that are owed however aren't thanks to be paid till a future date. The liability is delayed thanks to a distinction in temporal order between once the tax was increased and once it's due is to be paid.
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a bond backed by the full faith, credit, and unlimited taxing power of the government that issued it is called a bond.
A general obligation bond is a bond that is supported by the government that issued it's full faith and credit as well as limitless taxation authority.
What distinguishes bonds with ratings of AAA and BBB?Bonds classified as investment grade received ratings of "AAA" to "BBB-" from Standard & Poor's and "Aaa" to "Baa3" from Moody's. Lower ratings apply to junk bonds. All other things being equal, a bond's interest rate will be lower the higher its grade.
Which 5 sorts of bonds are there?Savings bond, corporate bond, municipal bond, and treasury institutions. Each sort of bond has its own vendors, goals, purchasers, and risk-to-return ratios. Bond-based instruments, such as bond mutual funds, can also be purchased if you want to profit from bonds.
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Dover Co.'s comparative balance sheet indicated that the Equipment account increased by $40,000. Upon further investigation of the account changes, it is determined that Dover purchased equipment totaling $70,000 for the year. It also sold equipment with an original cost of $30,000 for $8,000 cash. Assuming these are the only transactions affecting the investing activities, Dover will report net cash flows provided by (used in) investing activities of:
A)($40,000).
B)($70,000).
C)($32,000).
D)($62,000).
Answer:
The correct answer is D) ($62,000).
Explanation:
To find the net cash flows provided by (used in) investing activities, we need to calculate the total amount of cash that was spent on purchasing equipment, minus the total amount of cash that was received from selling equipment. In this case, Dover spent $70,000 on purchasing equipment and received $8,000 from selling equipment, so the net cash flows provided by (used in) investing activities is $70,000 - $8,000 = $62,000.
The other options given are incorrect because they do not take into account both the purchasing and selling of equipment.
Option A) only considers the increase in the Equipment account, which does not provide a complete picture of the company's investing activities.
Option B) only considers the amount spent on purchasing equipment, ignoring the cash received from selling equipment.
Option C) only considers the amount received from selling equipment, ignoring the cash spent on purchasing equipment.
If a municipal bond maturing in 10 years is bought for 110, its cost basis at the end of the sixth year is:
O 104.
O 101-½.
O 106.
O 100.
B)104.
Determine the amount of the premium that will be annually amortized in order to calculate the new cost base?The $100 premium for this bond is amortized over ten years: $10 results from dividing $100 by 10. Then, multiply the annual amortization amount ($10 x 6 = $60) by the duration of the bond. Lastly, deduct the amortized premium ($1,100 $60 = $1,040, or 104) from the bond's original purchase price.
Municipal bonds are what?Municipal bonds are debt securities that are issued by states, cities, counties, and other public organizations to pay for ongoing expenses as well as to fund capital projects like constructing schools, roadways, or sewers System.
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Under the Uniform Securities Act, prepaid advisory fees
1. must be detailed in the advisory contract
2. may not exceed 2% of the customer's deposited assets
3. in excess of $500 for 6 months or more of service require the adviser's balance sheet to be included in the brochure
4. may never be accepted1 & 3
Option 1 and 3 are correct. Under the Uniform Securities Act, prepaid advisory fees,
must be detailed in the advisory contractin excess of $500 for 6 months or more of service require the adviser's balance sheet to be included in the brochureThe Uniform Securities Act is a model regulation made as a beginning stage for state-level protections guideline. The motivation behind the Uniform Securities Act is to manage protections misrepresentation at the state level and to help the Securities and Exchange Commission (SEC) in implementation and guideline
Since not all ventures are covered governmentally and not all speculation vendors are enrolled at the administrative level, the SEC can't safeguard all financial backers and seek after all security infringement. This made the requirement for state-level guidelines, for example, the Uniform Securities Act to additionally safeguard financial backers. Each state has its own security regulations casually alluded to as the "blue sky laws."
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fieldman corp. obtained the following information from its accounting records: sales $19,000 beginning finished goods inventory $12,000 ending finished goods inventory $ 8,000 cost of goods sold $ 9,000 the cost of goods manufactured this period equals: select one: a. $ 6,000 b. $10,000 c. $11,000 d. $ 5,000
From their financial records, Fieldman Corporation discovered the following data: Sales of $19,000 $12,000 worth of first completed products inventory, Inventory of finished items of $8000 $9,00 in costs of goods sold The Cost of Goods Manufactured at that time was $5,000.
The cost required to convert raw materials inventory into finished goods inventory during a predetermined time period is referred to in accounting as the Cost of Goods Manufactured (COGM).
You must include your direct materials, direct labor, and manufacturing overhead to determine the cost of items created in order to get the entire manufacturing cost for your company.
Particulars Amount($)
Cost of Goods Sold 9000
Add: Ending Finished Goods inventory 8000
Less: Beginning Finished Goods inventory 12000
Cost Of Goods Manufactured 5000
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When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC: Fair Market Basis Value Maude: Cash Land* $ 38,250 38,250 111,000 364,000 Totals $149,250 $402,250 Nonrecourse debt secured by the land equals $177,500 James, Harold, and Jenny each contributed $224,750 in cash for a 25 percent profits and capital interest. (Leave no answer blank. Enter zero if applicable.) a. How much gain or loss will Maude and the other members recognize? Maude James Harold Jenny Gain or loss recognized
Gain or Loss Maude and others recognize are
Gain/loss recognized:
Maude-$0
James-$0
Harold-$0
Jenny-$0
None recognize gain because debt relief is not an excess of interest basis in interest paid.
In well-known, debt that enables you to attain your desires, like owning a domestic, procuring school, or beginning a commercial enterprise, might be taken into consideration well. appropriate debt can also assist you to construct credit if you've practiced responsible credit use through the years—and if that account hobby is pronounced to credit score bureaus.
Fairness market. while the credit market gives traders a danger to invest in company or customer debt, the equity marketplace offers investors a danger to invest within the fairness of a company. as instance, if an investor buys a bond from a corporation, they are lending the corporation cash and making an investment in the credit score market.
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Which of the following is a possible contingency that should be anticipated in the critical risks and assumptions section of the business plan?
The important risks and assumptions part of the business plan should account for the possibility that - competitors may go for underpricing.
It is acknowledged that there are critical risks involved with development when a business is first launched.
Some of these assumptions should be included in the business plan. Investors may seriously doubt your business's trustworthiness and the value of their financial investment if they learn about some unreported bad aspects of your business or its product.
Using a price strategy based on competitors to undercut the competition. The goal of a penetration strategy is to grow market share by entering a market with prices that are much lower than those of the competition.
The business plan is supposed to identify the issues and dangers that must be managed during the development and expansion of the organization.
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myeong, a promoter, hired an office support staff for a corporation that had not yet been incorporated. If there is a novation clause in a subsequent contract with the corporation and the staff, which of these is correct?
Liz will escape potential liability under the novation contract entered into
Advertiser Meyong hired office support staff for a company that had not yet been formed.
If the subsequent agreement with the company and the employees contains an extension clause, Liz avoids liability arising from the extension agreement. Doing business as a self-managed company is called associational corporatism. The company is not considered. a citizen of the country where it is incorporated and a citizen of the country where it has its principal place of business.
A joint stock company is best thought of as a cross between a sole proprietorship and a corporation. Limited liability means that shareholders cannot be held personally liable for the company's debts, but can still lose their capital investment.
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Depreciation expense, loss on sale of assets and gain on retirement of debt are:
multiple choice
always reported on the statement of cash flows using the direct method.
never reported on the statement of cash flows using the direct method.
Depreciation expenses, loss on sale of assets, and gain on retirement of debt are never reported on the statement of cash flows using the direct method.
Under the direct method, only specific cash flows activities associated with items that affect cash flows are presented in the statement of cash flows. Those typical items include:
Cash collected from customersInterest and dividend receivedCash paid to employees and suppliersInterest and income taxes paidDirect method reveals the operating cash receipts and payments, unlike the indirect method. Any other account such as depreciation and amortization, loss on sale of assets, and gain on retirement of debt will be recorded under the Reconciliation of net income to net cash provided by operating activities, separated from the Statement of Cash flows.
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Lloyd owns a beach house (four years) and a cabin in the mountains (six years). His adjusted basis is $300,000 in the beach house and $315,000 in the mountain cabin. Lloyd also rents a townhouse in the city where he is employed. During the year, he occupies each of the three residences as follows: Decision Making Townhouse - 135 days Beach House - 155 days Mountain Cabin - 75 days The beach house is close enough to the city so that he can commute to work dur- ing the spring and summer. While this level of occupancy may vary slightly from year to year, it is representative during the time period that Lloyd has owned the two residences. As Lloyd plans on retiring in several years, he sells both the beach house and the maintain cabin. The mountain cabin is sold on March 3, 2015, for $540,000 (related selling expenses of $35,000). The beach house is sold on December 10, 2015, for $700,000 (related selling expenses of $42,000). Calculate Lloyd’s lowest recognized gain on the sale of the two residences. Assume instead that both residences satisfy the two-year ownership and use tests as Lloyd’s principal residence. Because the mountain cabin is sold first, is it possible for Lloyd to apply the § 121 exclusion to the sale of the beach house? Why or why not?
Lloyd can elect to forgo the use of the § 121 exclusion on the sale of the mountaincabin. Then the § 121 exclusion can be used on the sale of the beach house.
Lloyd’s principal residence is the beach house. This is the residence in which he lives most of the time. His recognized gain on the sale of each residence is calculated as follows:
Particulars Beach House Mountain Cabin
Amount realized
Selling price 700000 540000
Selling expenses 42000 35000
658000 505000
Adjusted basis 300000 315000
Realized gain 358000 190000
§ 121 exclusion 250000 0
Recognized gain 108000 190000
Particulars Beach House Mountain Cabin
Amount realized
Selling price 700000 540000
Selling expenses 42000 35000
658000 505000
Adjusted basis 300000 315000
Realized gain 358000 190000
§ 121 exclusion 250000 0
Recognized gain 108000 190000
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Which of the following is an example of a TPS?A. Management daily report of salesB. Grocery checkout stationC. Database of customersD. Monthly sales projection
Database of customers is an example of a TPS.
What is transactional process system?A sort of information system called a "transaction processing system" (TPS) gathers, saves, alters, and retrieves the data transactions of an organization. Even while this is not as crucial as it is for real-time systems, transaction processing systems still make an effort to ensure predictable response times to queries.
This system monitors the flow of daily transactions that are required for business operations.
A method of computing known as transaction processing separates work into discrete, indivisible activities known as transactions. A software system, or software/hardware combination, that supports transaction processing is known as a transaction processing system.
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Assuming constant inventory quantities, which of the following inventory-costing methods will produce a higher inventory turnover ratio in an inflationary economy? Multiple Choice a. LIFO (last in, first out).
b. Moving average. c. Weighted average. d. FIFO (first in, first out).
Option d is Correct. In an inflationary economy, FIFO is the inventory-costing approach that will result in a greater inventory turnover ratio, presuming stable inventory amounts (first in, first out).
When an economy is described as being inflationary, it suggests that prices are generally growing swiftly. The FIFO approach should not be used by a business when inflation is high because it will cause it to exaggerate its profit and understate its COGS. In the end, they might even sell their goods for less than their actual cost. For instance, suppose the business purchased 100 units in January for $10 each with the intention of selling them for $20 more.
However, because the rate of inflation is so high—for example, 15%—the price of the same units when the corporation next purchases them will have significantly increased. If they purchased 50 units in July, they most likely paid $11 each unit. Instead of getting a 20% gross profit when the corporation sells the units for $12, they will only make a gross profit of roughly 10-13%. Imagine how much worse things would be if inflation was 50% rather than 15%. Always employ the LIFO approach when there is high inflation. Businesses that adopt the FIFO strategy in an economy with high inflation will not be eager to sell many units.
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Which of the following must be included in the notes to the financial statements in a company's summary of significant accounting policies?
a. Description of current year equity transactions.
b. Summary of long-term debt outstandting
c. Shedule of fixed assets.
d. Revenue recognition policies.
The word "policy" should be included in the list of major accounting policies. The sole policy among the options is the one pertaining to revenue recognition. The correct answer is option (D).
What is Revenue Recognition?The goal of revenue recognition is to determine when a company has truly made money. Revenue is typically recorded whenever the performance requirements are deemed satisfied, and the organization can easily quantify the financial amount.
The commitment to offer a consumer a "unique" commodity or service is known as a performance obligation. Although it can appear straightforward at first, whether or not a performance obligation is regarded met depends on a number of different things. A company's financial reporting accuracy directly depends on accurate revenue recognition, hence it is essential.
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Describe the meaning of internet of things (IOT). And provide two examples of
everyday devices and explain how its related to the concept of IOT.
Answer:
Below
Explanation:
The internet of things, or IoT, refers to the connection of devices, such as everyday objects or appliances, to the internet. This allows these devices to send and receive data, and can enable them to be controlled and monitored remotely.
Two examples of everyday devices that are related to the concept of IoT are smart thermostats and smart speakers. A smart thermostat is a device that can be connected to the internet and controlled using a smartphone app. This allows users to adjust their home's temperature remotely, as well as set automatic temperature schedules based on their preferences.
A smart speaker, is another example of an IoT device. These devices can be connected to the internet and controlled using voice commands. They can be used to play music, provide information, and control other smart devices in the home, such as lights or thermostats.
Overall, the concept of IoT refers to the ability of everyday objects to connect to the internet and communicate with each other, enabling greater control and automation of our daily lives.
Itak Company transferred an old asset with a $44,300 adjusted tax basis in exchange for a new asset worth $48,000 and $3,000 cash. Which of the following statements is false? a. If the exchange is taxable, Itak recognizes a $6,700 gain. b. If the exchange is nontaxable, Itak recognizes a $3,000 gain. c. If the exchange is nontaxable, Itak's tax basis in the new asset is $44,300. d. None of the statements is false.
Correct answer: Option D) None of the statements is false itself is a false statement .
Gain on Exchange of like kind business / investment real property are not recognized until there is a exception case.
Exception is that is any boot is also received in exchange along with property , the gain arised on exchange will be recognized to the extent of lower of 1) capital gain realized 2) boot received.
Here capital gain realized will be $48,000 + $3,000 - $44,300 = $ 6,700 gain.
This gain will be recognized to the extent of lower of the following:
$6,700 or $3,000 = lower = $3,000 gain recognized
Itak basis for new property = adjusted basis of property given up - boot received + gain recognized
= 44,300 - 3000 + 3000
= $ 44,300 basis of new property.
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use the following selected information from corolla to determine the year 1 and year 2 trend percentages for net sales using year 1 as the base.
119.5% for Year 2 and 100.0% for Year 1. Net sales are calculated by subtracting a company's gross sales from its returns, allowances, and discounts.
Externally, net sales calculations are not always transparent. They are frequently included in the reporting of top-line revenues on the income statement. You can subtract all other deductions, such as discounts, returns, and allowances, from the total number of sales. For example, if your gross sales are $100,000, your net sales are $96,000 minus $2,000 in sales discounts, $1,000 in sales allowances, and $1,000 in sales returns. Net sales are total revenue minus sales returns, allowances, and discounts.
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danica borrows $1,000 from evermore bank, using her motorcycle as collateral. to perfect its security interest, the bank must file its financing statement with
Evermore Bank must file a financing statement with the secretary of state.
In order to perfect its security interest in Danica's motorcycle, Evermore Bank must file a financing statement with the secretary of state. A financing statement is a legal document that establishes and records the bank's interest in the collateral (in this case, Danica's motorcycle).
By filing with the secretary of state, the bank ensures that its interest in the collateral is protected and that other creditors will be aware of the bank's lien. Therefore the correct answer is a.
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The complete question is given below:
danica borrows $1,000 from evermore bank, using her motorcycle as collateral. to perfect its security interest, the bank must file its financing statement with
a. the secretary of state.
b. the county clerk.
c. the city treasurer.
d. the ward alderman.
A common stock's _____ value is typically set at a low amount and has little meaning today other than being used to by some states to assess fees.
A Common stock's par value is typically set at a low amount and has little meaning today other than being used by some countries to assess freights.
Holders of common stock choose the board of directors and vote on commercial programs. Common stock represents a residual claim to a company's ongoing and coming gains.
As similar, shareholders are said to be part possessors in a company. These effects are possessed by the pot itself, which is a legal reality. rather, the shareholders enjoy this residual claim.
Common stock is traded on exchanges and may be bought and put up by investors or dealers. Shareholders of common stock may be entitled to admit tips.
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TRUE/FALSE. whatever a secured party obtains on a sale of collateral is all that he or she can collect on the debt.
A lender, buyer, or other party in whose favour a security interest is held is referred to as the secured party. The party owing payment or fulfillment of the secured obligation is known to as the debtor.
What is debt, exactly?Debt is the amount owed by the borrower to the lender. A debt is an amount of money that has been borrowed for a specified time period and must be repaid, plus interest. The borrower's credit affects both the debt's size and its acceptance.
What three categories of debt are there?Secured debt, secured debt, revolving liabilities, and mortgages are the four basic categories of personal debt. While outstanding debt is not backed by any kind of security, secured debt does
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game theory is: a view on the development of children's games and toys. the analysis of market forces when there is role reversal for buyers and sellers. the science of making good decisions in situations involving strategic interactions. a view on decision making when clear paths to optimum outcomes are known.
The correct answer to the given question about Game Theory is option c) The science of making good decisions in situations involving strategic interactions.
In order to imagine social scenarios with rival participants, game theory provides a theoretical framework.
It can be used to set up real-world scenarios and forecast their results in a variety of contexts, including pricing competition and product introductions, among many others.
Among many others, scenarios include the dictator game and the prisoner's dilemma.
Cooperative and non-cooperative games, zero-sum and non-zero-sum games, and simultaneous and sequential games are a few of the several varieties of game theory.
Question:
game theory is:
a) a view on the development of children's games and toys.
b) the analysis of market forces when there is role reversal for buyers and sellers.
c) the science of making good decisions in situations involving strategic interactions.
d) a view on decision making when clear paths to optimum outcomes are known.
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The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Yesmina divides all of her income between spending on paperbacks and lattes. In 2017, she earned an hourly wage of $28.00, the price of a paperback was $7.00, and the price of a latte was $4.00.Which of the following give the real value of a variable? Check all that apply.The price of a paperback is 1.75 lattes in 2017.Yesmina's wage is $28.00 per hour in 2017.The price of a paperback is $7.00 in 2017.Which of the following give the nominal value of a variable? Check all that apply.The price of a latte is $4.00 in 2017.Yesmina's wage is 4 paperbacks per hour in 2017.The price of a latte is 0.57 paperbacks in 2017.
The real value of a variable:
The price of a paperback is 1.75 lattes in 2017.Yesmina's wage is $28.00 per hour in 2017.The price of a paperback is $7.00 in 2017.The nominal value of a variable:
The price of a latte is $4.00 in 2017.Yesmina's wage is 4 paperbacks per hour in 2017.The price of a latte is 0.57 paperbacks in 2017.The real value of a variable refers to its value adjusted for changes in purchasing power over time, typically accounting for inflation or changes in relative prices. It represents the variable's purchasing power or quantity in terms of goods and services, enabling comparisons across different time periods.
Therefore, the real values of the variables are: the price of a paperback is 1.75 lattes in 2017, Yesmina's wage is $28.00 per hour in 2017, and the price of a paperback is $7.00 in 2017.
The nominal value of a variable refers to its value expressed in current or nominal terms without adjusting for changes in purchasing power or inflation. It represents the variable's value as stated or observed at a specific point in time, without accounting for the effects of inflation or changes in relative prices.
Therefore, the nominal values of the variables are: the price of a latte is $4.00 in 2017, Yesmina's wage is 4 paperbacks per hour in 2017, and the price of a latte is 0.57 paperbacks in 2017.
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For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions. nts Complete this question by entering your answers in the tabs below
For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. sales revenue and account receivables is $240 and $17 which is shown in the following table.
Sales revenue is the profit a company earns from supplying products or providing services. Sales and profits can, and prevalently are, employed interchangeably to describe to the very same thing in bookkeeping. It is imperative to remember that revenue is not always equate to revenue generated. The proportion of products and services sold multiplied by the unit cost is used to compute sales income. The proceeds or money that the organisation will obtain from its clientele who have subsidized their acquisition of its goods and services are known as accounts receivable (AR).
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at the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $16,600. by the end of the year, actual bad debts total $19,000. record the write-off to uncollectible account
At the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $16,600. by the end of the year, actual bad debts total $19,000. Record the write-off to uncollectible account. Following the write-off, the balance of Allowance for Uncollectible Accounts is $2,400.
Uncollectible accounts, commonly referred to as bad debts, are obligations owed by individuals to a company. They are receivables with almost no value because they won't be paid back.
The balance of Allowance for Uncollectible Accounts can be calculate as follows
The balance of Allowance for Uncollectible Accounts = Actual bad debts - Beginning balance in Uncollectible
The balance of Allowance for Uncollectible Accounts = $19,000 - $16,600
The balance of Allowance for Uncollectible Accounts = $2,400 debit
your question is incomplete but most probably your full question was
At the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $16,600. by the end of the year, actual bad debts total $19,000. Record the write-off to uncollectible account. Following the write-off, what is the balance of Allowance for Uncollectible Accounts?
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the appropriate discount rate for the following cash flows is an 8 percent apr compounded quarterly.
PV in total is $2,736.39
How do you figure up the cash flow discount rate?The discounted cash flow (DCF) formula is the sum of the cash flow for each period divided by one plus the discount rate (WACC) raised to the power of the period number.
Providing the following details:
Annual Cash Flow
1 $ 870\s2 950\s3 0\s4 1,540
We must first determine the actual annual discount rate:
Discount rate each quarter = 0.08/4 = 0.02.
Real annual interest rate is equal to [(1+i)n]. - 1
Real annual interest rate is equal to [(1.024) - 1].
Rate of real yearly interest = 0.08243
We can now determine the cash flows' present value:
PV = Cf/(1 + I ) n
Year 1= 870/1.08243= 803.75
Year 2= 950/1.08243^2= 810.82
Year 4= 1,540/1.08243^4= 1,121.82
PV in total is $2,736.39
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