Marin Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 8 years and requires equal rental payments of $56,394 at the beginning of each year of the lease, starting on the commencement date (December 31, 2019). The equipment has a fair value at the commencement date of the lease of $350,000, an estimated useful life of 8 years, and no estimated residual value. The appropriate interest rate is 8%.

Required:
Prepare Marin's 2019 and 2020 journal entries, assuming Marin depreciates similar equipment it owns on a straight-line basis.

So, a strategic alliance may benefit the combined group in two ways: one, it will enable them to target larger clients without facing significant rivalry

Economies of scale, which are commonly assessed by the quantity of product provided per unit of time, seem to be the cost savings that businesses gain as a result of the significant scale of the economy.

In order to lower manufacturing costs, economies of scale is the method of producing any good at a very high volume. Strategic alliances allow two businesses to more effectively merge their operations.

It will enable them to lower costs through economies of scale. Additional benefits of economies of scale include lower prices for goods or cost focus in the marketplace.

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Answer: To persuade

Explanation:

Answer:

is B

Explanation:edge 2021

This journal entry shows a $100 rise in income (more specifically, service revenue) and a $100 increase in the company's cash account.

When a customer purchases anything from you in cash, you should debit your Cash account and credit your Revenue account. This represents the rise in cash and sales for the company.

The financial statements are affected: You received $100 in dividends. Increasing dividends causes stockholders' equity to decline (retained earnings). Total assets will drop by $100 as cash declines, which will have an effect on the balance sheet.

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Answer:

Following are the responses to the given question:

Explanation:

In point a:

The current ZAR spot ratio by PPP is determined by\(\frac{S_t}{S_0}= \frac{P_h}{P_f}\) whereas St will be the current level currencies, \(S_0\) was its base point currency. \(P_h\) would be in the home nation the market price \(P_f\) in a different nation was its price standard.

\(St= \frac{(0.175)}{(\frac{105}{111})}\\\\\)

    \(=\frac{\$0.165}{rand}\)

In point b:

According to PPP \(\frac{S_t}{S_0}=\frac{(1+i_h)}{(1+i_f)}\)

where St= Expected ZAR spot rate in USD with one year

S0= The ZAR spot rate currently exists.

\(i_h\)= inflation rate in the home country

\(i_f\)= inflation rate in a foreign country

\(S_t=\frac{(0.158)}{(\frac{1.07}{1.05})}= \frac{\$0.1609}{rand}\)

Therefore, it's indeed clear over each year, its dollar was expected to deteriorate relative to a rand as the nation's rising inflation currency is expected to depreciate as per PPP.

In point c:

Under IFE \(\frac{S_t}{S_0}=\frac{(1+i_h)}{(1+i_f)}\)

In which St= ZAR spot rate expected with one year in USD

\(S_0\)= Current spot rate for ZAR

\(r_h\)= Homeland interest rate

\(r_f\)= foreign country interest rate

\(S_t=\frac{(0.158)}{(\frac{1.10}{1.08})}=\frac{\$0.1609}{rand}\)

Its dollars also are projected to lose value during the year if the country with such a higher interest will see the currency lose value through IFE.

In point d:

In point (b) and (c), the same is true of PPP, which implies which exchange rates move in the other path of interest rates and an increase in deflation allows prices to rise. If IFE combines both anomalies and leads of a higher percentage nation showing a decline in exchange compared to a lower one. Thus the very same answers would be provided to both PPP and IFE.

Some opening and closing shift associates are upset with how each group is leaving their areas because they disagree on who is responsible for each task and that cause a conflict.

Conflict can be described as the disagreement that do exist between two or more parties as a result of not reaching agreement or different point of view on a particular point.

It should be noted that Some opening and closing shift associates are upset with how each group is leaving their areas because they disagree on who is responsible for each task and that cause a conflict.

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Answer:

Explanation: of what

Answer:

no

Explanation:its to blurie

Answer: $‭20,455.66

Explanation:

These are fixed payments per year so it is an annuity.

The present value annuity factor for a discount rate of 10% and 6 years duration is 4.3553.

The present value of the investment is therefore;

= 65,000 * 4.3553

= $283,094.5‬0

The special payment in 2 years from today will be;

Special payment = future value of difference between investment amount and investment present value

= (300,000 - 283,094.5‬0) * ( 1 + 10%)^2

= $‭20,455.66

The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.

If the price elasticity of supply for lumber is 2.4, then we can use the formula:

Elasticity of supply = percentage change in quantity supplied / percentage change in price

Solving for the percentage change in quantity supplied, we get:

Percentage change in quantity supplied = Elasticity of supply * Percentage change in price

Given that the price of lumber increases by 20%, the percentage change in price is 20%.

The percentage change in quantity supplied would be:

Percentage change in quantity supplied = 2.4 * 20% = 48%

Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.

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To develop the "ideal" media plan for launching an alternative music radio station targeting 18-24 year olds, it is necessary for the marketing team to conduct market research to identify the advertising channel and timing of the publicity.

It is necessary that the advertisements of a company are aligned with the public that it wants to reach. Analyzing the information in the question, the first step that marketers should identify would be the communication channels and media that their target audience uses most.

Assuming that young people aged 18 to 24 who listen to alternative music use forums to exchange ideas about music, perhaps exposure of radio advertising on this platform could reach the target audience while remaining exclusive.

Therefore, all marketing communications must be primarily aligned with the needs and desires of the potential consumer in order to be successful. Advertising needs to engage, create value for the consumer and cause the desire to consume a certain product or service.

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Answer:

Environmental phenomena that have the potential to have an influence on society and the surrounding environment are referred to as natural hazards. These shouldn't be confused with other dangers, such as man-made dangers.

Natural disasters such as hurricanes, earth quakes, floods, tornados and so on.

I hope this helps man

Answer:

Record the date of transaction

Explanation:

Answer:

I would probably tell him/her that I wouldn't really keep it a secret if she keeps doing the same things over and OVER again the first time I would keep it a secret though if she does it again I'll have to tell someone right away.

Explanation:

The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.

The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.

It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.

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Businesses that are multinational, like McDonald's, have both a direct and indirect impact on the economy. Directly, they create jobs and generate revenue through their operations.

These jobs provide income for employees, which they in turn use to purchase goods and services, contributing to economic growth. Indirectly, multinational companies also stimulate economic growth by attracting suppliers, distributors, and other businesses to the areas in which they operate. This creates additional jobs and economic activity, further boosting the local economy. Additionally, the taxes paid by multinational corporations, along with their charitable contributions, can also positively impact the economy. Overall, multinational corporations play a crucial role in the growth and stability of the global economy.

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The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.

A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.

This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.

This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.

Therefore, the correct answer is option-b.

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Answer:

The answer is "Chart of Accounts".

Explanation:

The chart of a financial report is the index of the general ledger of its financial accounts. In short, this is an organization tool that offers a digestible overview between subgroups of any money transfers performed by either a company in such an accounting period. It also using accounting graphs in Quickbooks to see those sections of a company grouped through account forms.

Answer:

Obermeyer Imports

a) Journal Entries to record each transaction:

1. Debit Accounts Receivable $2,600,000

Credit Sales Revenue $2,600,000

To record the sale of goods on account.

2. Debit Sales Returns $45,000

Credit Accounts Receivable $45,000

To record the return of goods on account.

3. Debit Cash Account $2,250,000

Credit Accounts Receivable $2,250,000

To record collections from customers.

4. Debit Uncollectible Expenses $10,000

Credit Accounts Receivable $10,000

To record the write-off of accounts deemed uncollectible.

5. Debit Cash Account $3,000

Credit Uncollectible Expenses $3,000

To record the recovery of bad debts previously written off.

b) T-accounts:

Accounts Receivable

Accounts Titles            Debit          Credit

Beginning balances $250,000

Sales Revenue        2,600,000

Sales Returns                                    45,000

Cash Account                              2,250,000

Uncollectible Expenses                     10,000

Ending Balances                             545,000

Total                     $2,850,000 $2,850,000

Allowance for doubtful accounts

Accounts Titles            Debit          Credit

Beginning balances                    $15,000

Uncollectible expense                    7,000

Ending balances       $22,000

c) Journal Entry

Debit Uncollectible Expense $7,000

Credit Allowance for doubtful accounts $7,000

To record the allowance for uncollectibles.

Explanation:

a) Data and Calculations:

Accounts receivable $250,000

Less: Allowance for doubtful accounts 15,000

b) The allowance for Doubtful Accounts will increase by $7,000 to $22,000.  As a result, the Uncollectible Expense will be debited with $7,000 while the Allowance for doubtful accounts will be credited with $7,000.  This brings the total of Allowance for Doubtful Accounts to $22,000 in accordance with the new estimate based on the aging of accounts receivable.

The journal entries to record each of the transactions will be:

Debit Accounts Receivable $2,600,000

Credit Sales Revenue $2,600,000

(To record the sale of goods on account)

Debit Sales Returns $45,000

Credit Accounts Receivable $45,000

(To record the return of goods on account).

Debit Cash Account $2,250,000

Credit Accounts Receivable $2,250,000

(To record collections from customers)

Debit Uncollectible Expenses $10,000

Credit Accounts Receivable $10,000

(To record the write-off of accounts deemed uncollectible).

Debit Cash Account $3,000

Credit Uncollectible Expenses $3,000

(To record the recovery of bad debts previously written off)

The balances in accounts receivable and allowance for doubtful accounts will be calculated thus:

Debit Beginning balance $250000.

Debit sales revenue $2,600,000.

Credit Sales return $45000

Credit Cash account $2250000

Credit Uncollectible expenses $10000

Credit ending balances $545000

Lastly, the journal entry to record bad debt expense for 2019 will be:

Debit Uncollectible expense $7000.

Credit Allowance for doubtful accounts $7000.

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After the adjusting and closing entries have been posted, the General Ledger will show a zero balance for all expense accounts and the Owner's Withdrawal account.

The Income Summary account will show three closing entries, one for revenues, one for expenses, and one for Owner's Capital.

The closing entries will transfer the balances from the temporary accounts (revenues and expenses) to the Owner's Capital account. The amounts transferred will be the net income (or loss) for the period.

In the explanation column of the ledger, the abbreviations "adj." and "clos." will be entered to indicate whether the entry is an adjusting or closing entry.

The final balances in the General Ledger will include only the permanent accounts, such as assets, liabilities, and equity accounts. These balances will be carried forward to the next accounting period.

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Answer:

Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it

Explanation:

As given that the taxable state income for the year is $70,000, the applicable tax rate is 5.5%, thus, the tax payable is $3,850.

A progressive tax is one in which the tax rate rises in proportion to the taxable amount. The term progressive refers to the manner in which the tax rate rises from low to high, resulting in a taxpayer's average tax rate being less than the person's marginal tax rate. The term can refer to either individual taxes or an entire tax system.

We are given that the taxable state income for the year is $70,000. Note that for this salary range, the tax rate of 5.5% is applicable.

Tax payable is computed as:

= $70,000 * 5.5%

= $3,850

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A property, plant, or piece of equipment must be depreciated separately for each component that has a cost that is significant relative to the total cost of the item.

Property, plant, and equipment are initially valued at their cost, then revalued or measured using a cost model. Finally, they are depreciated so that the depreciable amount is distributed systematically over the course of their useful lives.

Property, plant, and equipment are tangible items that are held for use in the manufacture or provision of goods or services, for rental to third parties, or for administrative needs, and that is anticipated to be used over a prolonged period of time.

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The correct order of the five phases in David Clutterbuck's model for a team's growth from start-up to maturity is A. Gathering, Initiation, Becoming a Team, Becoming a High-Performing Team, Continuous Reinvention.

David Clutterbuck's model for a team's growth from start-up to maturity is based on five phases that describe the development process of a team. Gathering is the initial phase when a group of individuals come together and form a team.

Initiation this phase, the team begins to establish its goals, roles, and responsibilities. Becoming a Team this stage, the team members start working together and develop a shared sense of accountability.

Becoming a High-Performing Team phase, the team is highly effective and efficient. Continuous Reinvention is final phase is about continuously improving the team's performance.

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Under section 2 of additional coverages of Homeowners policy, the payments provided are

Section II (liability coverage) of a homeowners insurance policy provides protection under three coverages.

Coverage E (Personal Liability) coverage in the event that a claim is launched against the insured for physical injury or property damage caused by the insured's acts or inactions.

It deals with numerous fees and coverages that people must pay.

Therefore, w hen coverage is provided under the Additional Coverages of Section II of a Homeowners policy, payments that are made is explained.

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The following are the objectives of an effective purchasing program except Estimate the inventory of stocks. The correct option is B.

Ordering, storing, and utilizing inventories are all parts of the inventory management process. This stock management entails creating leads for raw materials, components and completed goods as well as storing and processing those commodities within your business. Before being included on the balance sheet, the inventory that is now available must be physically counted.

The steps and practices involved in purchasing program do not include estimating the inventory of stocks. It often falls under inventory management, which also includes keeping track of and managing the quantity and accessibility of current inventories. Although inventory levels may affect buying choices, they do not directly affect the buying process.

Thus, the ideal selection is option B.

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Your Question seems incomplete most probably your complete Question was:

The following are effective purchasing steps and procedures except one:

A. Develop purchase orders B. Estimate inventory of stocks

C. Identify needs by planning D. Select and negotiate with vendors

Answer:

a) We have:

Total contribution margin in dollars = $24,180

Per unit contribution margin = $39

Contribution margin ratio = 30%

b) We have:

Break-even point in dollars = $54,600

Break-even point in in units = 420 units

Explanation:

Note: This question is not complete as its part b is missing. The part b of the question is therefore provided to complete it before answering it as follows:

b) Using the contribution margin technique, compute the break-even point in dollars and in units.

The explanation of the answer is now provided as follows:

a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio

Average price = $130

Variable costs = Average price * 70% = $130 * 70% = $91

Total sales = Number of clients * Average price = 620 * $130 = $80,600

Total variable cost = Total sales * 70% = $80,600 * 70% = $56,420

Therefore, we have:

Total contribution margin in dollars = Total sales - Total variable cost = $80,600 - $56,420 = $24,180

Per unit contribution margin = Average price - Variable costs = $130 - $91 = $39

Contribution margin ratio = (Total contribution margin in dollars / Total sales) * 100 = ($24,180 / $80,600) * 100 = 30%

b) Using the contribution margin technique, compute the break-even point in dollars and in units.

Break-even point in dollars = Fixed cost / Contribution margin ratio = $16,380 / 30% = $54,600

Break-even point in in units = Fixed cost / Per unit contribution margin = $16,380 / $39 = 420 units