Huck hires Danielle, a real estate broker, to act as his agent in order to sell his land for $150,000. When oil is discovered beneath the land, its market value skyrockets. By operation of law, the argument is over.
A skyrocket is a form of firework that employs a solid-fuel rocket to rise fast into the sky; a bottle rocket is a miniature skyrocket. It is common for a variety of effects (stars, bangs, crackles, etc.) to be emitted at the peak of its climb. Skyrockets utilize a variety of stabilisation techniques to guarantee the flight follows a predictable path, most commonly a long stick attached to the side of the motor, but also spin-stabilisation and fins.
These skyrocket have been manufactured in several nations, including Japan, China, and Macao, from at least the early decades of the twentieth century.
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christie, incorporated, has identified an investment project with the following cash flows. yearcash flow1$ 1,08021,31031,53042,270 a.if the discount rate is 9 percent, what is the future value of these cash flows in year 4? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b.if the discount rate is 12 percent, what is the future value of these cash flows in year 4? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.if the discount rate is 23 percent, what is the future value of these cash flows in year 4?
If the discount rate is 9 percent, the future value of these cash flows in year 4 is $5,480.30. If the discount rate is 12 percent,the future value of these cash flows in year 4 is $6,030.36. If the discount rate is 23 percent, the future value of these cash flows in year 4 is $7,275.42
a)-Future Value at 6.00%
Future Value = [$1,075 x (1 + 0.06)^3] + [$1,210 x (1 + 0.06)^2] + [$1,340 x (1 + 0.06)^1] + [$1,420 x (1 + 0.06)^0]
Future Value = [$1,075 x 1.191016] + [$1,210 x 1.1236] + [$1,340 x 1.06] + [$1,420 x 1.0000]
Future Value = $1,280.34 + $1,359.56 + $1,420.40 + $1,420
Future Value = $5,480.30
(b)-Future Value at 13.00%
Future Value = [$1,075 x (1 + 0.13)^3] + [$1,210 x (1 + 0.13)^2] + [$1,340 x (1 + 0.13)^1] + [$1,420 x (1 + 0.13)^0]
Future Value = [$1,075 x 1.442897] + [$1,210 x 1.2769] + [$1,340 x 1.13] + [$1,420 x 1.0000]
Future Value = $1,551.11 + $1,545.05 + $1,514.20 + $1,420.00
Future Value = $6,030.36
(c)-Future Value at 27.00%
Future Value = [$1,075 x (1 + 0.27)^3] + [$1,210 x (1 + 0.27)^2] + [$1,340 x (1 + 0.27)^1] + [$1,420 x (1 + 0.27)^0]
Future Value = [$1,075 x 2.048383] + [$1,210 x 1.6129] + [$1,340 x 1.27] + [$1,420 x 1.0000]
Future Value = $2,202.01 + $1,951.61 + $1,701.80 + $1,420.00
Future Value = $7,275.42
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wood products inc. has provided the following data for the previous year: units sold during the previous year 12,000 units selling price per unit $125 direct materials per unit $25 direct manufacturing labor per unit $20 variable manufacturing overhead per unit $40 fixed manufacturing costs $150,000 budgeted production at the beginning of the year 15,000 units variable marketing cost per unit $5 fixed marketing cost $25,000 number of units in opening inventory 0 number of units in ending inventory 3,000 units what was the profit of wood products inc. for the previous year if the method of inventory costing adopted was absorption costing
$305,000, $360,000,$560,000,$275,000 are the profit of wood products inc. for the previous year if the method of inventory costing adopted was absorption costing.
An income that is distributed to the owner in a successful market production process is known as profit in accounting (business). Profit is a metric of profitability, which is of primary concern to the owner in the process of market production that generates money. Various profit metrics are frequently used.
The balance between income distribution and income generating is constant in market production. Every time during the review period, the earned income is allocated as economic value to the production's stakeholders. The profit is the portion of income creation that the owner is able to retain for themselves during the income distribution process. Since it translates into money and presents chances for expanding production, profit is one of the main drivers of economic prosperity. Earnings, earnings, and profit are all synonyms for income.
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which of the following is not a financial budget? a. budgeted income statement. b. production budget. c. budgeted balance sheet. d. cash budget.
Option C. budgeted balance sheet is not a financial budget system in the given list of budget system.
Budget:
Budget refers an estimate of how much money you'll make and spend over a certain period of time, such as a month or year.
Given,
Her we have the list of budget system.
Now, we need o identify which one is not a financial budget.
In order to find the non financial budget, we must know the definition of financial budget,
Financial budget states that the process of calculating how much money you will earn during a particular period of time, and planning how much you will spend, save, and borrow.
According to this definition, we have identified that the budgeted balance sheet is not a financial budget.
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in the maturity stage of the industry life cycle a. the product has reached full potential. b. profit margins are narrower. c. producers are forced to compete on price to a greater extent. d. a and b only. e. a, b, and c.
In the maturity stage of the industry life cycle the product has reached full potential, profit margins are narrower, and producers are.
At the maturity stage of an investment, the goal is to preserve capital and generate income. This can be accomplished through a variety of strategies, including investing in high-quality, dividend-paying stocks, bonds, and other profit-producing assets.
The key is to maintain a diversified portfolio that can weather market volatility and provide a steady stream of income. With a well-designed maturity stage investment plan, investors can enjoy a comfortable retirement while still achieving their financial goals.
Hence, the correct option is "E".
The question is incomplete, the complete question is:
In the maturity stage of the industry life cycle:
A. the product has reached full potential.
B. profit margins are narrower.
C. producers are forced to compete on price to a greater extent.
D. the product has reached full potential and profit margins are narrower.
E. the product has reached full potential, profit margins are narrower, and producers are
forced to compete on price to a greater extent.
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what does the discounted payback period ignore? group of answer choices the time value of money cash flows beyond the payback period the cost of the project. both a and b.
The discounted payback period ignore the cash flows after the payback period.
What is discounted payback?
A capital budgeting technique used to assess a project's profitability is the discounted payback time. By discounting the future and taking into account the time value of money, a discounted payback period calculates how many years it will take to recover the initial investment. The measure is employed to assess a project's viability and profitability.
Because it only considers a single, upfront investment and ignores the time value of money, the more straightforward payback period formula, which merely divides the overall cash outlay for the venture by the average annual cash flows, doesn't give a reliable response to questions of whether or not to take on a project.
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question workspace check my work an investor invests $50,000 in a new business. in three years, the investor sells her interest in the business for $75,000. what is her return on investment?
50% is her return on investment.
The computation of the return on investment is shown below:
As we know that
Return on investment is
= Return ÷ investment made
= ($75,000 - $50,000) ÷ ($50,000)
= ($25,000) ÷ ($50,000)
= 50%
Hence, the return on investment is 50%.
In a financial outlook, funding is the acquisition of products that are not consumed these days but are used in the future to generate wealth. In finance, funding is a monetary asset sold with the concept that the asset will provide earnings further or will later be bought at a higher price rate for an income.
Investments are usually bucketed into three major categories: stocks, bonds, and coins equivalents. there are many special forms of investments within each bucket. here are six sorts of investments you may not forget for a lengthy-term boom, and what you must realize about everyone.
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what is the predetermined overhead rate, and why do companies use this calculation to apply manufacturing overhead?
An allocation rate for manufacturing costs that are incurred indirectly during the production of a product is known as a predefined overhead rate (or several products). It is employed to predict the expenses of future manufacturing.
Because manufacturing overhead expenses are hard to track, businesses frequently utilize predetermined overhead rates instead. Normally, overhead costs are computed at the end of an accounting period, but managers need to be aware of this information before the end of the year so they can evaluate the performance of the business. In addition, compared to actual overhead costing, predetermined overhead rates make it simple to record production expenses.
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hester owns an ice cream shop. it costs her $2 per cone to make 10 ice cream cones. if she sells 10 cones for $4 each, her producer surplus on the 10 cones is equal to
Her producer surplus on the 10 cones is equal to $20 dollars. Thus, the correct answer is $20 dollars.
What is producer surplus?The whole amount a producer gains by producing and selling a quantity of an item at market price is referred to as producer surplus. The producer surplus is equal to the entire money a producer obtains from selling their goods less the marginal cost of production.
Given,
Cost of making per cone = $2
Cost of 10 ice cream cones = $2 × 10
= $20
The selling price per cone = $4
Selling price of 10 cones = $4 ×10
=$40
Therefore,
Producer surplus = Producer surplus = Total Revenue – Production Cost.
Producer surplus = $40 - $20
=$20
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while discussing the preliminary feasibility of a project, your colleague insists that figures used in the economic feasibility analysis be very accurate down to the last cent. his claim is appropriate and not uncommon. group of answer choices true false
While discussing the preliminary feasibility of a project, your colleague insists on the accuracy of the data used in the economic feasibility analysis down to the last cent. His assertion is appropriate and not unusual. It is false. Thus, the right answer is false.
What is a preliminary feasibility study?A preliminary feasibility study is used in due diligence work to assess whether to proceed with a thorough feasibility study and as a "reality check" to identify project areas that need greater attention. Once conceptual or preliminary engineering and mining design are accomplished, preliminary feasibility studies are conducted by incorporating known unit prices and calculating gross dimensions or quantities. A small group of multi-disciplined technical professionals execute preliminary feasibility studies with an accuracy of 20-30%.
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jackson holds a real estate broker license with an mlo endorsement. how many hours of continuing education must he complete each year to renew this endorsement?
They have to complete 20 hours of training, pass a test, give their fingerprints to NMLS&R, and give their permission for a credit report to be pulled.
In Texas, how many continuing education units are required to renew a real estate license?During each two-year license period, license holders are required to complete 18 hours of CE. For a total of 18 hours, CE must consist of four hours of Legal Update I, four hours of Legal Update II, three hours of Contract-Related coursework, and seven hours of elective CE courses.
In California, how long do I have to renew my real estate license?Four-year Licenses are issued for a period of four years and should be renewed prior to the license's expiration date. About 60 days before the license expiration date, the DRE sends a renewal reminder letter to the licensee's record mailing address.
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Rick invests $7,174 in an account that earns an annual interest rate of 3%. what will be the balance of the account in 18 years if the interest is compounded monthly?
With annual interest rate o f3% compounded monthly, his balance in 18 years will be $12,302.34
The formula for the future value is given by:
FV = PV (1 + r)ⁿ
Where:
r = interest rate per period
n = number of periods
PV = present value
Parameters given in the problem:
PV = $7,174
r = monthly interest = 3%/12 = 0.0025
n = 18 years x 12 = 216 months
Plug these parameters into the formula:
FV = 7,174 (1 + 0.0025)²¹⁶
= 12,302.34
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broadly defined, technological advance multiple choice can occur in the short run, long run, or very long run. comprises new and improved goods and services and/or new and improved ways of producing or distributing them. includes invention but not innovation or diffusion. includes product innovation but not process innovation.
Broadly defined, technical advancement includes new and improved goods and services, as well as new and improved methods of creating or distributing them. As a result, the correct choice is to comprise new and improved goods and services and/or new and improved ways of producing or distributing them.
What is technological advance?Technological advancement is the enhancement and invention of science's utility. Science is an epistemological process that seeks to comprehend, describe, explain, and predict natural and mathematical phenomena through observation, research, experimentation, and, most importantly, falsification. Science is essentially the methodical elimination of defective or erroneous ideas. Technology is any usefulness and applicability of scientific understanding; that is, science is used for practical use and purposes.
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your clients, the manfreds, are first-time homebuyers. they barely scraped together their down payment and really want to minimize their cash outlay. they would prefer to avoid the home inspection and just have their parents look over the property, saving the $500 for other purposes. what should you tell them?
It's better not to do this, you save $500 for now but later you'll pay a lot more for your lies. It's better to follow the rules to avoid the problem that is caused by your lies.
Policy is made to make you dicipline. Dicipline makes you to avoid the problem. Bad customers do exist, and they can take a lot out of us – morale, enthusiasm, energy, expenses. But unprofessional clients are manageable and can be dealt with in a professional strategy. Always remember that your personal and professional reputation is never worth risking. As marketers or manager, then we find a client who do thing like that, you should tell them the negative impact that they will get. Make your client understand about the impact, so with that way they will think twice to do the negative things.
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licensee janice has found a way to work with prospective buyers without ever leaving her desk: she sets them up with automated email messages for listings that meet their criteria, and answers any questions they have when they call. is janice doing anything wrong?
Licensee Janice has found a way to work with prospective buyers without ever leaving her desk Yes because she should meet them in person before working for them.
A buyer, also known as a purchasing agent, is in charge of buying products for a company, such as supplies or equipment. Their responsibilities also include taking stock of the current product line and negotiating deals with suppliers.
The buyer's primary obligations are to pay the purchase price and accept delivery.
A person or organization who has been granted a license is known as a licensee. [formal] Countable noun An individual who has been granted permission to sell alcoholic beverages, such as in a bar, is known as a licensee.
The party that grants intellectual property is known as the licensor, and the party that acquires it is known as the licensee.
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a cost that does not affect the decision because it is not in the future or does not differ among alternatives is a(n) .
Irrelevant costs are those that do not differ between alternatives or do not have an impact on the decision because they are present-day costs.
What are Irrelevant costs?Any costs—positive or negative—that wouldn't be impacted by a management decision are irrelevant costs. As a result, irrelevant costs like fixed expenses and sunk costs are disregarded when that choice is made. A manager must, however, be able to recognize an unnecessary expense in order to perhaps rescue the company. For managers making decisions regarding the profitability of various alternatives, categorizing costs as irrelevant or relevant is useful. The choice being made has no bearing on costs that remain constant regardless of the option selected. It's critical to formally define and record costs that should not be taken into account when making a decision because they might be relevant costs in another management decision.
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The accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12-month moving average forecasts using the mad criterion. Which of the two models yields better results? explain.
In this instance, the MAD value of the 3-month moving average is less than that of the 12-month moving average. Therefore, the 3-month moving average forecasting method yields the best results.
Forecasts using a 3-month moving average:
How to calculate the moving average in Excel, step-by-step:
Rates data should be entered into an Excel sheet.Access DataThen select Data Analysis.Click "Moving Average" and then "OK."Choose the rates column under "Input Range."Type 3 for Interval.Click "OK."Excel Result:
Rate(Actual) forecast Error = (Actual − Forecast)
7.7 #N/A
8.4 #N/A
8.6 8.233333 0.366667
8.8 8.6 0.2
9.2 8.866667 0.333333
9.4 9.133333 0.266667
9.4 9.333333 0.066667
9.7 9.5 0.2
9.8 9.633333 0.166667
9.9 9.8 0.1
9.9 9.866667 0.033333
9.7 9.833333 0.133333
9.8 9.8 0
9.9 9.8 0.1
9.8 9.833333 0.033333
10.1 9.933333 0.166667
9.7 9.866667 0.166667
9.6 9.8 0.2
9.7 9.666667 0.033333
9.6 9.633333 0.033333
9.6 9.633333 0.033333
9.4 9.533333 0.133333
9.7 9.566667 0.133333
9.1 9.4 0.3
8.9 9.233333 0.333333
8.8 8.933333 0.133333
8.9 8.866667 0.033333
9.1 8.933333 0.166667
9.2 9.066667 0.133333
9.1 9.133333 0.033333
9.2 9.166667 0.033333
8.9 9.066667 0.166667
9.1 9.066667 0.033333
8.7 8.9 0.2
8.4 8.733333 0.333333
8.4 8.5 0.1
8.4 8.4 0
8.2 8.333333 0.133333
8.1 8.233333 0.133333
8.1 8.133333 0.033333
8.3 8.166667 0.133333
8.1 8.166667 0.066667
8.4 8.266667 0.133333
8.3 8.266667 0.033333
7.8 8.166667 0.366667
7.8 7.966667 0.166667
7.8 7.8 0
7.9 7.833333 0.066667
∑Error = 6.166667
Therefore, MAD = ∑Error / Number of Errors
MAD = 6.166667 / 40 = 0.134
Forecasts using a 12-month moving average:
How to calculate the moving average in Excel, step-by-step:
Rates data should be entered into an Excel sheet.Access DataThen select Data Analysis.Click "Moving Average" and then "OK."Choose the rates column under "Input Range."Enter 12 for Interval.Click "OK."Excel Result:
Rate(Actual) forecast Error = (Actual − Forecast)
7.7 #N/A
8.4 #N/A
8.6 #N/A
8.8 #N/A
9.2 #N/A
9.4 #N/A
9.4 #N/A
9.7 #N/A
9.8 #N/A
9.9 #N/A
9.9 #N/A
9.7 9.208333 0.491667
9.8 9.383333 0.416667
9.9 9.508333 0.391667
9.8 9.608333 0.191667
10.1 9.716667 0.383333
9.7 9.758333 0.058333
9.6 9.775 0.175
9.7 9.8 0.1
9.6 9.791667 0.191667
9.6 9.775 0.175
9.4 9.733333 0.333333
9.7 9.716667 0.016667
9.1 9.666667 0.566667
8.9 9.591667 0.691667
8.8 9.5 0.7
8.9 9.425 0.525
9.1 9.341667 0.241667
9.2 9.3 0.1
9.1 9.258333 0.158333
9.2 9.216667 0.016667
8.9 9.158333 0.258333
9.1 9.116667 0.016667
8.7 9.058333 0.358333
8.4 8.95 0.55
8.4 8.891667 0.491667
8.4 8.85 0.45
8.2 8.8 0.6
8.1 8.733333 0.633333
8.1 8.65 0.55
8.3 8.575 0.275
8.1 8.491667 0.391667
8.4 8.425 0.025
8.3 8.375 0.075
7.8 8.266667 0.466667
7.8 8.191667 0.391667
7.8 8.141667 0.341667
7.9 8.1 0.2
∑Error = 12
Therefore, MAD = ∑Error / Number of Errors
MAD = 12 / 37 = 0.324
In this case, the 3-month moving average's MAD value is lower than the 12-month moving average's MAD value. Consequently, the 3-month moving average forecasting approach produces the greatest outcomes.
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10. a fedex sorting machine that cost $10,000 with a usual life of five years and a residual value of $2,000 was purchased on january 1. what is straight-line depreciation for each year?
When a fedex sort machine which cost $10,000 with a normal lifestyle of 5 years and a remaining balance of $2,000 was bought on January 1st, there was a $1,600 straight-line depreciation for every year.
What is the purchased Meaning?bought; purchasing. to get by the payment of money or its equivalent: transitive verb buy. : to attain (real estate) through methods apart from descent. : through toil, peril, or sacrifice.
What is purchased in account?"Actually bought on account" is a term that refers to any lending purchases. In order to improve payables, a business that pays other organization money for delivered goods or services will record the entire sum as a credit entry. The outstanding sum will remain in existence until the owing party receives complete payment.
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mccabe corporation is expected to pay the following dividends over the next four years: $15, $11, $9, and $2.95. afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. if the required return on the stock is 10.3 percent, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The number before the decimal is always the whole number component. It is 5 in this instance.If you are using scientific notation, you must be cautious with your words. The answer is $1.49.
For your second query, the decimal part is O.261. Believe it or not, O is the whole number portion if the sole part present was 0.261.A good question It can teach you a lot.A share currently costs $1.49.The stock’s current share price can be stated as follows: Current share price-D/(k-g) whereD1: Expected yearly dividend per share, where k = necessary rate of return and g = dividend growth rate.In our instance;(20+16+15+8.5)/4 D1=59.5/4=$14.875 k=15% g=5% Average dividend per share (D1)Replacing:Shares currently cost $14.875. (15-5)Price of shares as of today: 14.87/5Shares currently cost $1.49.
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osh was sued by his former business partner. he lost the case and has to pay his former partner $10,000. he has not yet done so and is refusing to do so. josh is applying for a mortgage for a new home. should he be worried about the lawsuit impacting his mortgage application
Absolutely, this kind of information is contained in one's credit report.
This term has credit meanings in the economic international, but credit score is usually described as an agreement settlement in which a borrower receives an amount of money or something of value and repays the lender at a later date, typically with the hobby.
For instance, when a person makes use of a Visa card to buy something, the card is taken into consideration as a form of credit score because the person consents to pay the financial institution back later. credit can be given in the form of cash and other approaches. it's far feasible to change goods and services for a deferred charge, a specific form of credit.
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Identify the economic goal of sales management.
Every nation aims for economic growth and
employment _________ for all its citizens.
The correct economic goal of sales management is: “Every nation aims for economic growth and employment Rights for all its citizens.”
What does economic goal mean?Economic stability is the most crucial objective. This is because maintaining economic stability makes it possible to accomplish other macroeconomic goals.
Price fluctuations due to an unstable economy may cause inflation or deflation, which will affect the currency effect. Economic goals are not always compatible with one another.
The cost of achieving any one goal or set of goals is having fewer resources available to devote to the other goals. Every country strives for economic development and equal job opportunities for all of its residents.
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as the marketing vice president of her firm, faye is implementing a companywide pricing policy that all products must achieve a target profit margin of 10 percent so the firm can achieve its overall growth objectives. what type of company objective is this?
The objective that the company is following is referred to as a goal-oriented objective or profit-oriented objective.
What is profit oriented objective?A business goal is a goal or result that an organization wants to achieve. Business goals are measurable and effectively describe the actions required to accomplish a task.Common business goals are to increase profitability, increase productivity, improve customer service and experience, reduce employee turnover, establish and maintain a positive company culture, and even create more reach for your customers.A commercial price target means that a company strives to maximize the profit of each sale or service it offers and achieve long-term business profitability.It requires pricing to achieve the desired profit, return on sales, or return on investment. There are three profit-oriented pricing strategies such as:Target Profit Pricing. Target rate of return on the sales price.To know more about profit-oriented objectives refer to:
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a marketing research firm has instructed its research associates to collect primary data by stopping people at a shopping mall or busy street corner and request an interview on the spot. which contact method is being used by the researchers in this case? what probable risk may the researchers face while using this method?
In this case, researchers use the intercepted interview method to collect primary data.
Researchers run the risk of including non-probability samples when using this method.
What is primary data?Primary data refers to data collected directly by the researcher himself. Secondary data is data previously collected by someone else. Surveys, observations, experiments, questionnaires, interviews, etc. Government publications, websites, books, journal articles etc. Data originally collected by researchers for a specific purpose. Primary data is "pure" in the sense that it has not undergone statistical manipulation and is original. An example of primary data is the Indian Census. Health and social science researchers can obtain data by retrieving data directly from topics of interest. This data they collect refers to the called primary data. Another type of data useful to researchers is data that has already been collected by someone else.To learn more about primary data from the given link :
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when creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not. group of answer choices true false
It is TRUE that, When creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not.
According to Muel Kaptein, a professor of business ethics and integrity management at Rotterdam School of Management, ethical culture can be described as a collection of experiences, presumptions, and expectations of managers and employees about how the company discourages them from acting unethically and encourages them to do so. A variety of elements, including formal and informal systems, are included in the ethical context, which also includes ethical culture. In contrast to informal systems, which are unwritten policies, practices, and values that are pertinent to ethics, formal systems are the tangible organisational elements related to ethics that are purposefully designed and implemented (such as ethics programs). Since ethical culture is deeply ingrained in an organisation and its workforce, it is harder to measure than the formal components of ethics programmes (such as a code of ethics, helpline, and training).
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When responding to a message, what should a professional always do? Choose 2 answers.
A. End on a positive note.
B. Respond within 24 hours.
C. Throw the company under the bus only if they are guilty.
D. Answer the most important questions.
When responding to a message, by virtue of the communications etiquette, a professional will always do the followings:
A. End on a positive note.B. Respond within 24 hours.Why is communications etiquette important?Basically, a communication etiquette means the accepted ways of communicating with others in the workplace. A typical communication etiquette includes behavior and strategies that can help you relay information clearly while maintaining positive relationships with your supervisors, colleagues and clients.
Adhering to communications etiquette can label someone as an effective communicator, suggesting that you possess leadership qualities and potentially leading to greater professional opportunities in the future.
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on april 12, hong company agrees to accept a 60-day, 10%, $5,100 note from indigo company to extend the due date on an overdue account payable. what is the journal entry made by indigo company to record the transaction? multiple choice debit accounts receivable $5,100; credit notes payable $5,100. debit notes payable $5,100; credit accounts payable $5,100. debit accounts payable $5,100; credit notes payable $5,100. debit sales $5,100; credit notes payable $5,100. debit cash $5,100; credit notes payable $5,100.
Notes payable is debited by $5,100, Interest expense is debited by $85 and cash is credited by $5,185.
Debit accounts receivable and credit billings on construction contract refers to a liability account that the contractor has billed the customer for work not yet done. So, the all contactors would prefer to be-placing the contractor ahead of the customer on a cash flow basis.
Initially, we calculate the interest number use this formula:
Interest = Principal Amount x Rate x Number of days : 360
Interest = $5,100 x 10% x 60/360
Interest = $510 x 0.167
Interest = $85
Thus, we calculate the cash to be paid:
Cash to be paid = Principal Amount + Interest
Cash to be paid = $5,100 + $85
Cash to be paid = $5,185
On the date of maturity, the journal entry to make the payment of note payable can be shown below:
Date Account Title and Explanation Debit Credit
April 12 Note payable $5,100
Interest expenses $85
Cash $5,185
(To record the payment of notes payable along with interest)
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silver inc. sells to a customer a perpetual software license and post-contract customer support for a 12-month period, commencing at the time that the software is activated. silver inc. charges $780 upfront when the software is purchased and $52 a month for 12 months, due at the end of the month. silver inc. sells the software separately for $1,040 while the standalone selling price of the post-contract customer support is $520. required: how should the transaction price be allocated among the performance obligation(s)? round each of your answers to the nearest dollar. show your computation.
The transaction price should be allocated among the performance obligation
Total transaction price = $780 upfront fees + $624 ( $52 × 12 months)
Total transaction price = $1404
What does "the transaction price" mean?The compensation for which an entity anticipates being entitled, minus sums collected on behalf of other parties, in exchange for transferring promised products or services to a client is known as the transaction price.
Given:
Standalone selling price of software = $1404
Standalone selling price of post-contract customer support = $520(Given)
Total Standalone selling price = $1560
The formula of allocation of transaction price = Total transaction price × Standalone selling price of product/ Total standalone selling price
transaction price allocation to respective performance obligation using the above formula-
transaction price allocation of software = Total transaction price × Standalone selling price of software / Total standalone selling price
= $1404 × $1040/ $1560 = $936
transaction price allocation for post-contract customer support= Total transaction price × Standalone selling price of post-contract customer support /Total standalone selling price
= $1404 × $520/ $1560 = $468
Thus transaction price should be allocated among performance obligation =
Software = $936 and post-contract customer support = $468
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the cost-benefit-risk analysis is a set of practical procedures for guiding public expenditure decisions. used by the private sector to determine whether certain projects should be undertaken. difficult when benefits and costs are hard to evaluate. all of the above.
The cost-benefit-risk analysis is a set of practical procedures for guiding public expenditure decisions difficult when benefits and costs are hard to evaluate.
Comparing the anticipated or predicted costs and benefits (or opportunities) connected expenditure with a project choice in order to assess whether it makes sense from a business standpoint is known as a cost-benefit analysis. For instance: The cost to build a new product will be $100,000, and sales of $100,000 per unit are anticipated (unit price = 2). Therefore, 200,000 advantages are sold. The straightforward CBA calculation for this project is 200,000 in financial benefit minus 100,000 in cost, which results in a net benefit of 100,000.
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in an online billing system, invoiceitem must have a price data member that cannot be less than zero. how can you ensure that this condition will be maintained?
You can ensure that the condition will be maintained by creating a Price class that has a data member named price. The Price class will have a method named setPrice that will take in a parameter named price. The setPrice method will check to see if the price is less than zero and if it is, it will throw an exception.
There are several ways to ensure that the price data member of an invoice item cannot be less than zero. One way is to use a validation function that checks the value of the data member before it is set. Another way is to use a data member that is of a type that does not allow values less than zero, such as an unsigned int.
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eva reviews daily reports to identify errors. then she meets with representatives from the purchasing and inventory departments to discuss ways to eliminate or prevent recurring problems.which type of motivational strategy is eva's organization using by allowing her to make decisions about her work?
Eva checks daily reports for mistakes. She then meets with representatives of the inventory and purchasing departments to talk about how to stop or avoid repeating issues.
What are inventory management and purchasing?The creation of customized approval rules by the purchase management system enables quick approvals and order placement for the prompt delivery of inventory stock. An organization's purchasing and inventory control processes are streamlined through purchase management to increase productivity and cut expenses.
fundamental inventory problems:
How much to order and when to order are the two fundamental inventory problems. The two fundamental problems in inventory management are quantity and timing.
Explain the inventory problem using an illustration:
The inventory problem is the broad issue of how much merchandise to keep on hand in case demand increases in the future. Losses are brought on by either stockpiling items for which there is no demand or by being unable to meet demand (for example, a store losing sales or soldiers running out of ammunition in battle).
The procedure for managing inventories:
No matter the size or kind of the firm, the fundamentals of inventory management are generally the same. Inventory management is a difficult process, especially for larger organizations. In inventory management, supplies are transported to a warehouse's receiving area and placed in stock areas or on shelves. These supplies are often in the form of raw materials or components.
Lot numbers, serial numbers, cost of goods, quantity of goods, and the dates when they move through the process are just a few of the data that inventory management employs to keep track of the products as they travel through the process.
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describe one characteristic of the streaming market that is similar to a characteristic of a perfectly competitive market.
While in perfectly competition, businesses generate somewhat different commodities, in perfect competition, businesses produce identical goods.
Take into account a farmers market where every seller is selling the same brand of jam. perfectly is not much difference between them since they all use the same recipe and set the same price for their goods. The following conditions are considered to be present for a firm to be in ideal competition: Every company in the sector produces the same items, and both buyers and sellers have access to all the information they need to make informed decisions about the goods they are buying and selling.
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