bocelli co. purchased $162,000 of 7%, 20-year sanz county bonds on may 11, year 1, directly from the county, at their face amount plus accrued interest. the bonds pay semiannual interest on april 1 and october 1. on october 31, year 1, bocelli co. sold $31,200 of the sanz county bonds at 96 plus $182 accrued interest less a $105 brokerage commission
Provide journal entries for the following (refer to the Chart of Accounts for exact wording of account titles): a. The purchase of the bonds on May 11 plus 40 days of accrued interest; assume a 360-day year. c. Sale of the bonds on October 31 Previous Next
Answers
When they need to raise money, governments and businesses issue bonds. You are extending a loan to the issuer by purchasing a bond.
Bonds: are they a wise investment?
The finest high-return savings account or certificate of deposit is much below what Series I savings bonds offer in terms of interest. Series I savings bonds are cautious, safe investments that grow and fall with inflation. Currently, an I bond's guaranteed rate of return stands at 6.89%.
How are bonds profitable?
The category of investments known as fixed-income securities includes bonds. They are debt obligations, which means that the investor lends a certain amount of money (the principal) to a business or government for a predetermined amount of time in exchange for a regular stream of interest payments (the yield).
Briefing:
S/n General journal Debit Credit
a Investment in Sanz County bonds $162,000
Interest $182
(162,000*7%*40/360)
Cash $162,182
(The purchase of the bonds on May 11 plus 40 days of accrued
interest; assume a 360-day year.)
b. Cash $3,600
Interest receivable $182
Interest revenue $3418
(Semiannual interest on October 1)
c. Cash(150* (99%*30,000) - $100) $29,750
Loss on sale of investments $400
Investment in Sanz County bonds $30,000
Interest revenue $150
(Sale of the bonds on October 31)
d. Interest receivables $1,365
Interest revenue $1,365
(Adjusting entry for accrued interest of $1,365 on
December 31, Year 1.)
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Related Questions
define financial accounting
Answers
Answer:
see below
Explanation:
Financial accounting is a branch of accounting whose primary function is to gather information and produce reports of an organization's financial activities. Financial Accounting applies either the accrual basis or the cash accounting basis. It involves recording, summarizing, and preparing financial statements of a company's business transactions.
The financial statements communicate business performance and financial positions to stakeholders, including employees, management, business partners, investors, and shareholders.
The financial statements are
The income statementsThe balance sheetThe cash flow statementThe statement of retained earningsWhich research information could best help a marketer decide whether to
discontinue a product line?
A. Results of an experiment showing the combination of price and
features that consumers most often select
B. Observation results showing the path consumers take through a
store
C. Survey results indicating that the product no longer meets a
customer need
D. Survey results showing that what consumers value most is
reliability
Answers
Answer: survey results indicating that the product no longer meets a customer need
Explanation:
The research information that could best help a marketer decide whether to discontinue a product line is: Survey results indicating that the product no longer meets a customer need. Thus option (C) is correct.
What is an information?An information refers to something that has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed.
The digital signals and other data use discrete signs or alogrithms to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and the electrical currents convey information in a more continuous form.
Information is not knowledge itself, but its interpretation is important. An Information can be in a raw form or in an structured form as data. The information available through a collection of data may be derived by analysis by expert analysts in their domain.
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Explain the nature of economic theory
Answers
Answer:
please give me brainlist and follow
Explanation:
Nature of Economic Theory: Economic theory involves generalisations which are statements of general tendencies or uniformities of relationships among various elements of economic phenomena. A generalisation is the establishment of a general truth on the basis of particular experiences.
Mitch and Terese are partners at a management consulting firm. They are trying to determine which of them has a comparative advantage in creating the 50 slides required for a sales pitch to a prospective client. Mitch can create 10 slides per hour. For other activities, he can bill clients $500 per hour. Mitch's opportunity cost of creating slides is_____per slide. Jamal's opportunity cost of creating slides is 30% lower than Bette's. However, as the senior partner, his billing rate is 25% higher. Based on all of these facts,_____has a comparative advantage in creating slides.
Answers
Answer and Explanation:
The computation of the Mitch opportunity cost of developing slides per slide is
= $500 ÷ 10 slides per hour
= $50
Now it is given that
Jamal opportunity cost is 30% lower than
And, the billing rate is 25% higher
So, in this case
Mitch opportunity cost is
= $50 - ($50 × 30%)
= $35
And, the billing rate is
= $500 + 25%
= $600
So per slide is
= $600 ÷ $35
= 17.14 slides
Based on the above calculation, Jamal has the opportunity cost in creating the slides
On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*
Answers
Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.
To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:
1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.
2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.
3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.
4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.
5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.
6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.
7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.
By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.
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The Great Giant Corp. has a management contract with its newly hired president. The contract requires a lump sum payment of $25,300,000 be paid to the president upon the completion of her first 6 years of service. The company wants to set aside an equal amount of funds each year to cover this anticipated cash outflow. The company can earn 5 percent on these funds. How much must the company set aside each year for this purpose
Answers
Answer: $3,719,548.95
Explanation:
As the amount will be an equal amount each year, it is an annuity. The lump sum to be paid in 6 years growing at 5% would be the present value of this annuity.
The payment will be;
FV = Payment * Future value interest factor of annuity, 6 years, 5%
25,300,000 = Payment * 6.8019
Payment = 25,300,000/6.8019
Payment = $3,719,548.95
Do you know the Travis Bruns sales rep for Crown Lift Services case study
Answers
Answer:
what's the question I can help you if u give me the question
If I make 10% commission on all sales, what would my commission be of a sale of $3250
Answers
Answer:
$325
Explanation:
10% of 3250
= 3250 × 10%
= 3250 × 10 ÷ 100 [Here, % means dividing by 100]
= 325
The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.
Answers
On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.
To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.
For project X:
The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.
The initial cash outlay is Rs 100,000.
The discount rate is 10%.
To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:
NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000
Simplifying the calculations:
NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000
= 9,302
The net present value (NPV) for project X is Rs 9,302.
For project Y:
The cash inflow for each year is Rs 12,500 for 7 years.
The initial cash outlay is Rs 50,000.
The discount rate is 12%.
Using the same formula as above, we calculate the NPV for project Y:
NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000
Simplifying the calculations:
NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000
= 11,042
The net present value (NPV) for project Y is Rs 11,042.
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Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own words, why the structure of the syllogism may be correct, but the conclusion could be false.
Major Premise: If the sidewalk is wet, then it must have just rained.
Minor Premise: The sidewalk is wet.
Conclusion: Therefore, it just rained.
Answers
The type of syllogism being used in the given sentence is a conditional syllogism.
What is Syllogism?This refers to the use of reasoning in order to draw conclusions about something based on two premises.
Hence, we can see that conditional syllogism was used in the given premises and this is because it made use of either-or to show that if the sidewalk was wet, then that means that it must have rained.
This reasoning is faulty because there are different possible reasons for the sidewalk to be wet and not just rainfall.
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New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
Answers
The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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Farmers company purchased equipment on January 1 year one for $96,000 The equipment is estimated to have a five-year life and a salvage value of 13,000 the company use straight line depreciation method at the beginning of year for farmer revise the expected life to eight years the annual amount of depreciation expense for each of the remaining years would be
Answers
Answer:
$6,240
Explanation:
annual amount of depreciation expense for each of the remaining years would be $6,240.
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The negative impact of HIV/AIDS in the workplace
Answers
HIV/AIDS has a significant negative impact on the workplace in several ways. Firstly, the illness can lead to absenteeism and decreased productivity as employees take time off work to receive treatment and care for their condition.
This can be particularly damaging in industries where staffing levels are critical, such as healthcare or emergency services. Additionally, the stigma associated with HIV/AIDS can result in discrimination against affected employees, which can lead to further absenteeism and decreased productivity. This discrimination can also result in the loss of skilled employees who are forced to leave their jobs due to discrimination.
Furthermore, the cost of providing medical and disability benefits to affected employees can be high, leading to financial strain on companies. This can also lead to increased healthcare costs and insurance premiums for other employees. Finally, the negative impact of HIV/AIDS on workplace morale and relationships cannot be overlooked.
Fear, misunderstanding, and discrimination can lead to a toxic workplace environment, which can impact the mental health and well-being of all employees. It is important for employers to prioritize education, prevention, and support for affected employees in order to mitigate the negative impact of HIV/AIDS in the workplace.
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A firm with few subunits is said to have a low level of _____.
Answers
Any firm with few sub-units is said to have a low level of subsidiary activities.
What is the meaning of subunits?
In business, a subunits refers to an organization that is a subsidiary, division or a unit of a larger parent organization.
In conclusion, any firm with few sub-units is said to have a low level of subsidiary activities.
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The Nelson Company has $1,522,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $395,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.2? Do not round intermediate calculations. Round your answer to the nearest dollar.
Answers
Answer:
$308,750
Explanation:
Current ratio = Current asset / Current liabilities
To get the short term debt increase, to the value of current assets and current liabilities, an amount must be added whereas the result must be 2.2
1,522,500 + y / 525,000 + y = 2.2
1,522,500 + y = 2.2 × (525,000 + y)
1,525,500 + y = 1,155,000 + 2.2y
1,525,500 - 1,155,000 = 2.2y - y
370,500 = 1.2y
y = 370,500 / 1.2
y = 308,750
It therefore means that the maximum amount that should be borrowed to purchase the inventory is $308,750
What stock should I buy
Answers
promotional Scavenger
Answers
Example of incentives promotion could be offering a discount or a special promotional price for a limited time to encourage immediate purchase.
Hence, a person who constantly seeks out these promotions is caalled a Promotional scavenger.
What is promotion?Promotion in marketing refers to any sort of marketing communication that is used to enlighten target audiences about the relative qualities of a product, service, brand, or problem, and is usually persuasive in nature.
Revenue promotions can assist your firm acquire new clients in addition to raising immediate revenue. Encourage repeat purchases and loyalty. acquire insights about customer behaviors.
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Robert is a high school junior who likes studying diseases and medicine but doesn't want to have direct patient contact. He's also very good at computer science and programming and wants to find a college major that combines his two interests. The phrase that describes the scientific discipline that is concerned with the cognitive, information-processing, and communication tasks of the healthcare practice, education, and research, including the information science and technology to support these tasks is:
(A) Health Informatics
(B) HIM
(C) Data Analytics
(D) Epidemiology
Answers
The phrase which best describes the scientific discipline that is concerned with the cognitive, information-processing is:
(A) Health InformaticsWhat is Health Informatics?This refers to the practise of health data management which involves the use if info-processing to manage data and also for the administration and control.
With this in mind, we can see that the name which is given to the scientific discipline which would help Robert to study diseases and not have direct contact with them is Health Informatics.
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Isn't POWER the only real thing necessary in any negotiation? Explain why or why not.
Answers
Power is not necessary the only major bargaining point in any negotiation although it is one of the major factors that influence any negotiation.
While power increases the probability that people consider negotiating in the first place due to higher feelings of entitlement and confidence that a positive result can be achieved, it sometimes may not get the appropriate result. The Russian-Ukraine Crises is a perfect example of this
Factors that affect NegotiationSeveral factors may affect the outcome of a negotiation. One of the most important factor is the relative power between the negotiating parties.
Other factors include
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Some say the office culture today has become "too nice" Which statement would
not be heard in that type of setting?
"No need to go out of your way I get it later
"Did you see the new menu in the cafeteria There goes my diet."
"Can you believe that the boys expects us to stay late and does not even ask."
"How was your weekend? Were you able to get up to the lake house?"
"Did Joe get into the college of his choicer know you hoped it also came with a
I
good financial package
Answers
what is your analysis on walmart financial health as of january 2021 compare to 2022
Answers
I think the analysis is good compared to the year of 2021
3.
2
Critically discuss THREE characteristics of an entrepreneur that may assist a
school leaver to become a successful business owner. Answer in the form of an
essay that includes an introduction, body and conclusion.
10
Answers
The three essential characteristics of an entrepreneur that can help an individual become a successful entrepreneur are according to Harvard Business School researchers:
Personality traitsAttitudes towards riskObjectives and aspirationsHow to become a successful entrepreneur?It is necessary to identify an unmet market need or desire of a group of consumers, in order to generate innovative and creative solutions that generate value.
Regarding your personality traits, it is necessary to develop communication and negotiation skills and have an ethical attitude, which will generate greater reliability for your business.
As every business is inherent to risks, it is essential that the entrepreneur also knows how to overcome them with creative strategies so that their actions help achieve the objectives and goals.
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give me introduction of this critical characteristics of an entrepreneur that may assist school leaver to be successful business owner?
Sam is a human resource manager who recently switched jobs from the service industry to the manufacturing industry. When comparing the differences between industries from a human resource management perspective, which is he MOST likely to notice
Answers
When comparing the differences in industries from a human resource management perspective, he is likely to notice that the positive effects of human resource management are stronger in manufacturing as opposed to the service industry.
What is industry?A service industry is one that creates services rather than tangible objects whereas the manufacturing industry is one that creates tangible objects.
Hence, human resource management will mostly notice that positive effects of human resource management are stronger in manufacturing as opposed to the service industry.
Therefore, the Option A is correct.
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Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:
Home Work
Direct materials cost per unit 30 48
Direct labor cost per unit 20 30
Sales price per unit 300 500
Expected production per month 700units 400units
Harbour has monthly overhead of $175,200, which is divided into the following cost pools:
Setup costs $ 68,800
Quality control 58,400
Maintenance 48,000
Total $ 175,200
The company has also compiled the following information about the chosen cost drivers:
Home Work Total
Number of setups 42 58 100
Number of inspections 340 390 730
Number of machine hours 1,700 1,300 3,000
Required:
1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round your intermediate calculations.)
2. Calculate the production cost per unit for each of Harbour’s products under a traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.)
3. Calculate Harbour’s gross margin per unit for each product under the traditional costing system.(Round your intermediate calculations and final answers to 2 decimal places.)
4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system.
5. Assuming an ABC system, assign overhead costs to each product based on activity demands.
6. Calculate the production cost per unit for each of Harbour’s products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)
7. Calculate Harbour’s gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)
8. Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.)
Answers
Answer:
Harbour Company
1. Overhead rate, using traditional costing system with machine hours as the cost driver:
Predetermined rate = $175,200/3,000 = $58.40
Overhead Cost assigned to each product:
Home Work
Expected production 1,700 1,300
Cost assigned = $99,280 $75,920
2. Production cost per unit:
Home Work
Expected production 700 units 400 units
Direct materials cost $21,000 (30 * 700) $19,200 (48 * 400)
Direct labor cost 14,000 (20 * 700) 12,000 (30 * 400)
Overhead cost 99,280 75,920
Total costs $134,280 $107,120
Cost per unit $191.83 $267.80
3. Gross margin per unit:
Home Work
Sales price per unit $300.00 $500.00
Cost price per unit 191.83 267.80
Gross margin per unit $108.17 $232.20
4. Activity Rates, using ABC system:
Cost Pools: Cost Drivers Usage Rates
Setup costs $ 68,800 Number of setups 100 $688
Quality control 58,400 Number of inspections 730 $80
Maintenance 48,000 Number of machine hours 3,000 $16
5. Assignment of overhead costs to each product, using ABC:
Rate Home Work
Setup costs $ 68,800 $688 $28,896 (42* $688) $39,904 (58*$688)
Quality control 58,400 $80 27,200 (340*$80) 31,200 (390*$80)
Maintenance 48,000 $16 27,200 (1,700*$16) 20,800 (1,300*$16)
Total overhead $175,200 $104,096 $91,904
6. Production costs:
Home Work
Expected production 700 units 400 units
Direct materials cost $21,000 (30 * 700) $19,200 (48 * 400)
Direct labor cost 14,000 (20 * 700) 12,000 (30 * 400)
Overhead cost 104,096 91,904
Total costs $139,096 $123,104
Cost per unit $198.71 $307.76
7. Gross margin per unit:
Home Work
Sales price per unit $300.00 $500.00
Cost price per unit 198.71 307.76
Gross margin per unit $101.29 $192.24
8. Gross margins per unit compared:
Home Work
Traditional costing system $108.17 $232.20
ABC costing system $101.29 $192.24
ABC system looks more equitable than the traditional costing system as the gross margin per unit is reduced for each product line.
Explanation:
a) Data and Calculations:
Home Work
Direct materials cost per unit 30 48
Direct labor cost per unit 20 30
Sales price per unit 300 500
Expected production per month 700 units 400 units
Monthly overhead costs = $175,200
Cost Pools: Cost Drivers
Home Work Total
Setup costs $ 68,800 Number of setups 42 58 100
Quality control 58,400 Number of inspections 340 390 730
Maintenance 48,000 Number of machine hours 1,700 1,300 3,000
Total $ 175,200
Kirk and his family decide it is more reasonable for him to attend the local community college. They want to save for the cost of his first year in the automotive program. The local community college program is expected to be $6,845 per year. Which is the most reasonable goal for Kirk and his family to plan to save?
They should save $225 a month for 2 years.
They should save $200 a month for 3 years.
They should save $100 a month for 4 years .
They should save $75 a month for 5 years.
Answers
a. $225 a month * 2 years * 12 months = 225 * 2 * 12 =
$5400
b. $200 a month * 3 years * 12 months = 200 * 3 * 12 =
$7200
c. $100 a month * 4 years * 12 months = 100 * 4 * 12 =
$4800
d. $75 a month * 5 years * 12 months = 75 * 5 * 12 =
$4500
The most reasonable goal to plan to save would be goal b, because $7200 is more than $6845.
Based on the options provided, Kirk and his family should save $200 per month for 3 years to cover the cost of his first year in the local community college's automotive program. This saving plan will give them more than the cost of the program, providing a cushion for any additional expenses.
Explanation:The local community college's automotive program costs $6,845 per year. If Kirk and his family wanted to save enough for one year of this program, they would have to budget and plan out their savings. To calculate this, they would divide the total cost by the number of months in their saving period.
If they save $225 a month for 2 years (24 months), they would save a total of $5,400 which is not enough to cover the cost. Saving $200 a month for 3 years (36 months) would give them $7,200, more than required. If they save $100 a month for 4 years (48 months), they would save $4,800, which is not enough.Saving $75 a months for 5years (60 months), they would amount to $4,500, also not enough.Therefore, the most reasonable saving goal for Kirk and his family, based on these options, would be to save $200 per month for 3 years. They would have more than enough to cover the program cost and any additional expenses that might occur.
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Kris Kerpstra is an employee for General Dynamics. Kris would be considered a human resource.
Answers
Answer:
I NEED THIS ANSWERRR TOOO!!
Explanation:
Answer:
Trisha wishes that she and Bo could become better friends. This is an example of an (Non) economic want.
Explanation:
Its not a economic want
Megazone Limited is well known for its focus on innovation and this is highlighted in the company’s website. The website
also tells a story of growth and success in the marketplace. This, combined with the excellent quality products offered,
has made Megazone Limited a leader in the marketplace. At the end of 2021 the plant and equipment (at carrying value)
totalled R5 000 000, a long-term investment was valued at R400 000, inventories amounted to R2 050 000, R1 750 000
was owed by trade debtors, cash in the bank amounted to R350 000, the ordinary share capital balance was R3 100 000,
the accumulated undistributed profits amounted to R2 500 000, an amount of R3 350 000 was owed to Vap Bank in
respect of a long-term loan, R270 000 was owed to the trade creditors, R250 000 was owed to shareholders for the final
dividend and R80 000 was owed to SARS for income tax.
At the end of 2022 the plant and equipment (at carrying value) totalled R6 250 000, the long-term investment was valued
at R350 000, inventories amounted to R2 150 000, R1 900 000 was owed by trade debtors, cash in the bank amounted to
R500 000, the ordinary share capital balance was R3 100 000, the accumulated undistributed profits amounted to R3
000 000, an amount of R3 600 000 was owed to Vap Bank in respect of the long-term loan, R1 200 000 was owed to the
trade creditors, R200 000 was owed to shareholders for the final dividend and R50 000 was owed to SARS for income
tax. The depreciation, operating profit, interest expense and income tax for the year ended 31 December 2022 amounted
to R750 000, R1 650 000, R450 000 and R400 000 respectively. Dividends paid and recommended amounted to
R300 000.
In keeping with the company’s growth strategy, the directors have identified two possible investment opportunities for
2023 viz. Project X and Project Y. An investment of R1 000 000 is required for each project. The useful life of each
project is estimated to be five years. Project X is expected to generate net cash flows of R350 000 (Year 1), R340 000
(Year 2), R330 000 (Year 3), R230 000 (Year 4) and R280 000 (Year 5). Project Y is expected to generate net cash flows
of R330 000 per year over its useful life. A scrap value of R100 000 (not included in the figures above) is anticipated for
Project X only. The company’s cost of capital is predicted to be 15%. The straight-line method of depreciation is used by
the company.
Answer ALL the questions in this section.
QUESTION 1 (15 Marks)
Prepare the financial statement for the year ended 31 December 2022 that provides details about the cash inflows and
cash outflows of Megazone Limited..
Answers
The financial statement for the year ended December 31, 2022 is Net Cash Provided by Operating Activities R (150,000), Net Cash Used in Investing Activities (1,600,000) and Net Cash Used in Financing Activities (250,000).
To prepare the cash flow statement for Megazone Limited for the year ended December 31, 2022, we need to analyze the information provided and categorize the cash flows into three main sections: operating activities, investing activities, and financing activities. Here's the breakdown:
Operating Activities:
Cash received from customers (trade debtors) R1,900,000Cash paid to trade creditors (1,200,000)Interest paid to Vap Bank (450,000)Income tax paid to SARS (400,000)Net Cash Provided by Operating Activities R (150,000)Investing Activities:
Purchase of plant and equipment (1,250,000)Purchase of long-term investment (350,000)Net Cash Used in Investing Activities (1,600,000)Financing Activities:
Long-term loan from Vap Bank 250,000Dividends paid to shareholders (300,000)Final dividend to shareholders (200,000)Net Cash Used in Financing Activities (250,000)Net Increase/(Decrease) in Cash (2,000,000)
Cash at the Beginning of the Year 350,000
Cash at the End of the Year R (1,650,000)
The cash flow statement shows that Megazone Limited had a net decrease in cash of R2,000,000 during the year. The operating activities resulted in a net cash outflow of R150,000, primarily due to payments to trade creditors, interest expense, and income tax.
The investing activities resulted in a net cash outflow of R1,600,000, mainly due to the purchase of plant and equipment and a long-term investment.
The financing activities resulted in a net cash outflow of R250,000, mainly due to dividends paid to shareholders.
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jane is investigating the prospects for a vista ridge mall outlet that would sell only silk ties. which of these is treated as sunk cost
Answers
Your consultation fee is a "Sunk Cost" that shouldn't be included as a fixed cost in a breakeven analysis because it is unrelated to the analysis.
All other expenses ARE pertinent fixed expenditures. An unrecoverable expense that has already been made is referred to as a sunk cost. Sunk costs are a manifestation of the business principle that you must "spend money to make money."
Sunk costs are distinct from potential expenses that a company may incur in the future, such as choices on the price of products or the cost of purchasing inventories. Sunk expenses are not considered in future business choices since they will not change regardless of the outcome.
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Jane is investigating the prospects for a Vista Ridge mall outlet in 2018 that would sell only silk ties. As her professional consultant, please help her, as she tries to figure first year breakeven sales for her store. Which of these is treated as a sunk cost?
(a) utility
(b) flier
(c) salary
(d) consulting fee
Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $18,800 of services on account, and (2) he purchased $7,500 of supplies on account. There were $1,050 of supplies on hand as of December 31, Year 1.
Required
a. b. & e. Record the two transactions in the accounts. Record two separate entries for the closing entries. Record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. Post the entries in the T-accounts and prepare a post-closing trial balance.
Answers
Answer:
I need help too
Explanation:
23=56
Jane has discovered that she is bored and frustrated working for others. She wants to open a business where she alone will have control as the single owner and she would experience the least interference from government regulation. Which form of business would best meet her needs?
Answers
Answer:
sole proprietorship
Explanation:
By far the most common type of business in the US is the sole proprietorship. Basically, Jane will be her own boss. She will be responsible and liable for all the business's obligations since a sole proprietorship is considered a pass through entity. That means that it doesn't exist by itself, and it is not taxed directly. Jane must report all the income and expenses from her business in her annual tax report.