The journal entry made by Tubman to record the dishonored note is Debit accounts receivable-Valley spa $9,120, Credit interest revenue $120; credit notes receivable $9,000.
Journal Entry for dishonor of notes receivable:
Account title and explanation Debit Credit
Accounts receivable-Valley Spa $9,120
Interest revenue [$9,000 x 8% x (60/360)] $120
Notes receivable $9,000
A note receivable is a written agreement to pay a specific sum of money to another party on one or more dates in the future. The holder of the note views this as an asset. In order to give the debtor more time to pay, past-due accounts receivable are occasionally changed into notes receivable. These notes occasionally also include a personal guarantee from the debtor's owner.The party obligated to send money to the payee is known as the maker, and the party receiving payment under the terms of the note is known as the payee. The principle is the amount of the payment that is required, as specified in the terms of the note. On the date the note matures, the principal is to be paid.Learn more about Notes receivable, here
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what is the present worth of a $50,000 bond that has an interest of 20% per year payable quarterly? the bond matures in 5 years. the interest rate in the marketplace is 10% per year, compounded semiannually.
At maturity, a coupon bond pays both the principal and periodic interest payments at a fixed frequency. Discounted at the bond's required rate of return, the present value of the bond payments determines the coupon bond's market price.
In any case, the yield to maturity decreases with the bond's price.
The bond has a present value of $50,000.
The bond earns 2500 per quarter, or 50,000 times 20% divided by four. There will be a total of 20 quarterly coupon payments as a result of the bond's five-year maturity. We must determine the quarterly discount rate in order to determine the bond's present value.
By dividing the sum of the security's annual coupon payments by the bond's par value, the bond's coupon rate can be determined. A bond with a $1,000 face value and a $25 semiannual coupon, for instance, has a coupon rate of 5%.
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which of the following statements describes assets? a.) the net worth of the business, including profits and investments b.) business resources that are owned or can be claimed by others c.) the financial output incurred by a company to create profits d.) business resources that are owned or that can be claimed by the owner
The statement that describes assets is business resources that are owned or that can be claimed by the owner.
What are assets?An asset is any resource that a company or other economic entity owns or has control over. It is anything that has the potential to generate gains in terms of the economy. Assets are ownership value that can be exchanged for cash.
Intangible assets like patents, royalties, and other intellectual property are included in the category of assets along with tangible items like machinery, real estate, raw materials, and inventory.
To put it another way, assets are valuable because they can produce income or be sold for cash. Both tangible objects, like machinery, and intangible ones, like intellectual property, can be used as examples. A company's balance sheet, one of its important financial statements, lists its assets.
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A result of welfare economics is that the equilibrium price of a product is considered to be the best price because it?.
A result of welfare economics is that the equilibrium price of a product is considered to be the best price because it maximizes the combined welfare of buyers and sellers.
The foundation of welfare economics is the belief that human welfare can be measured, compared among individuals, and valued together with other ethical and philosophical notions of well-being.
Utility theory is first used in microeconomics before being applied to welfare economics. Utility is the term used to describe the perceived worth attached to a specific commodity or service.
According to conventional microeconomic theory, people try to maximize their utility through their activities and consumption decisions, and consumer and producer surplus results from the interactions of buyers and sellers through the laws of supply and demand in competitive markets. The study of welfare economics is subjective.
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calculate the yield to maturity of a zero-coupon bond with a face value of $1000, maturing in 10 years and selling for a price of $756.80.
Price of a zero coupon bond can be calculated as: F/(1+r)^n; ….. (i)
where F is equal to the face value of the bond,
r is the yield to maturity and
n is the years to maturity.
Values given in the question are, f= $1000
r= ?
n= 10 years
zero coupon bond = $756.80
Given that price is $756.80. So,
By Putting all the values in equation (i), we get,
756.80= 1000/(1+r)^10
r= 6.57%
Therefore, Yield to Maturity is 6.57%
The Yield to maturity (YTM) of a bond is the annual percentage rate of return calculated on the premise that the investor will keep the bond until it matures. It is equal to the total of the remaining coupon payments. Depending on the bond's market value and the number of remaining payments, the yield to maturity changes.
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a change in the money supply will change investment when group of answer choices the money supply is a function of the price level. investment is interest-sensitive. investment depends only on the level of gdp. investment is interest-insensitive.
The quantity of money that is in circulation at a given time is referred to as the money supply. Due to the connection between money and macroeconomic variables like inflation, changes in the supply of money are closely monitored.
Right response: D
An asset that is bought with the intention of earning money in the future is called an investment. When the investment is interest-sensitive, fluctuations in the money supply will alter the investment.
What are the various types of money supply?The term "money supply" refers to both the amount of money that can be included in an economy and the amount of money that is available to a nation's population. There are two components that make up the money supply: banks' demand deposits and currency. There are two ways the currency is made: coins and paper money.
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if a listing sales associate shows a property to a ready, willing and able buyer what is he not permitted to do?
The listing sales representative is prohibited from:
give the purchaser erroneous or misleading information regarding the property
omit important details about the property
inspire the purchaser to submit a bid that is not in their best interests
assets refer to both the set of rights that furnish people prison authority over precious items as well as the real treasured gadgets themselves. relying on the assets' nature, the owner can be able to devour, regulate, share, redefine, hire, mortgage, pawn, sell, exchange, transfer, deliver away, or even abandon the belongings; but, regardless of the belongings' nature, the owner is usually entitled to apply the belongings in accordance with the granted belongings rights.
The primary unit of possession is recorded within the land books, land registers, or equivalent. it is described through unique ownership and homogeneous real property rights and may encompass one or more adjacent or geographically separate parcels.
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Which economic measure is the percentage of people in the labor force who are willing to work, are looking for work, but are unable to find work?.
The economic measure that is the percentage of people in the labor force who are willing to work, are looking for work, but are unable to find work is the unemployment rate.
In the field of economics, the unemployment rate can simply be described as the percentage of people in a place or country that are job hunting but cannot find a job. Such people might be interested to work but may not be able to find a suitable job.
The unemployment rate is an economic measure that can affect the GDP of a country. For a country that has a high unemployment rate, the total output of the company will be low. Such a country will not have a stable economy as the major of the population is unemployed.
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which of the following is not a benefit of including multiple predictors in a multiple regression model?
It's far vital to factor out, however, that multiple regression evaluation is a statistical method, not a research design, and as such, it does not set up causation.
The goal of more than one regression evaluation is to apply unbiased variables whose values are recognized to predict the fee of the single dependent value.
Every predictor fee is weighed, the weights denoting their relative contribution to the general prediction.
The important drawbacks of stepwise more than one regression encompass bias in parameter estimation, inconsistencies amongst version choice algorithms, an inherent (but regularly not noted) hassle of multiple speculations checking out, and an irrelevant recognition or reliance on a single pleasant version.
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the downward-sloping line that represents the negative or inverse relationship between the rate of inflation and the unemployment rate in the short run is called:
A downward sloping line that represents a negative or inverse relationship between the inflation rate and the unemployment rate in the short run is called the Phillips Curve.
The Phillips curve illustrates the negative relationship between inflation and unemployment. By expanding aggregate demand, policymakers can choose the point on the Phillips curve with lower inflation and unemployment. With an aggregate demand contract, policymakers can choose the point on the Phillips curve with low inflation and high unemployment. The tradeoff between inflation and unemployment described by the Phillips curve is more likely to work only in the short run. The long-run Phillips curve is vertical to the natural rate of unemployment.
The short-run Phillips curve also shifts due to aggregate supply shocks. Shocks provide a less favorable policy tradeoff between inflation and unemployment. When the Fed contracts growth in the money supply to reduce inflation, the economy moves along the short-run Phillips curve.
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warner bros. initially considered converting to sound production as a way to: a) compensate for the lack of visual interest in its low-budget product. b) respond to audience demand for talking pictures. c) manufacture a pretense for terminating the contracts of high-priced foreign-born actors. d) create a cost-cutting substitute for live entertainment on film programs.
Warner bros. initially considered converting to sound production as a way to Create a cost-cutting substitute for live entertainment on film programs.
Measures taken by a business to lower its costs and increase profitability are referred to as cost cutting. When a business is experiencing financial difficulty or when the economy is weak, cost-cutting measures are frequently put into place. Cost-cutting measures can also be taken if a company's management anticipates future problems with profitability, in which case they can be incorporated into the overall business strategy.
Closing facilities, streamlining the supply chain, downsizing to a smaller office or moving to a less expensive building or area are a few examples of cost-cutting measures. Other options include reducing or eliminating outside professional services like advertising agencies and contractors.
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suppose the owners of big box deluxe and homes r us meet for a friendly game of golf one afternoon and happen to discuss a strategy to optimize growth related profit. they should both agree to
They should agree to work together to develop a plan to maximize their combined revenues and Profits.
In order for a business to succeed, profitability and expansion are essential. A corporation's financial survival depends on profit, not growth, in order to achieve long-term success and profit. It is important for investors to take into account each consideration in light of the individual company.
Financial institutions, investors, and shareholders can also provide capital to businesses that increase profitability. The production of profit may enable a business to continue operating even if it is currently not profitable.
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ask your teacher practice another the manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $900 per month. a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. what rent (in dollars per month) should the manager charge to maximize revenue?
If a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue will be $1,000.
x = $10 increases
Price=$900+10x
Quantity=100-x
The first step is to find revenue by coming up with an equation
Revenue=Price × Revenue
R(x)=(900+10x) (100-x)
The second step is to maximize the revenue
R(x)=90,000 +200x-10x²
The third step is to find the derivative and set it to zero
R(x)=200-20x
0=200-20x
20x=200
Divide both sides by 20x
x=200/20
x=10
The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$900+10x
Price=$900+10(10)
Price=$900+$100
Price=$1,000
marketplace survey is the survey studies and evaluation of the marketplace for a selected product/carrier which incorporates the research into patron dispositions. An observation of diverse consumer abilities consisting of investment attributes and buying potential.
Surveys are used to accumulate or advantage understanding in fields along with social studies and demography. Survey studies are often used to assess thoughts, opinions, and feelings. Surveys can be specific and constrained, or they could have more fantastic worldwide, good-sized dreams.
The survey technique is the exercise of collecting records for observation by way of asking human questions associated with your research. generally, researchers survey humans who've unique knowledge, insights, or studies related to the study.
market research is a prepared effort to gather data approximately goal markets and clients: know approximately them, beginning with who they may be. it is an important factor in business approach and a primary factor in preserving competitiveness.
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a stock just paid a dividend of $5.69 and is expected to maintain a constant dividend growth rate of 4.2 percent indefinitely. if the current stock price is $85, what is the required return on the stock?
The annualized rate pace of development that a specific stock's profit encounters over the long run is known as the profit development rate. Many established businesses aim for regular dividend increases.
The required return is equal to (D1/Current price) plus the growth rate, which is equal to [(5.69*1.042)/85] plus 0.042.
How is the constant dividend growth rate determined?P = D1 / (r - g) is the Gordon Growth Model formula, where:
P is the current stock price.
D is the dividend amount for the following year.
g is the anticipated constant rate of dividend growth over time.
r is the required return rate.
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which of the following statement is correct? select one: a. errors in the sales budget only affect the revenue side of the business. b. errors in the sales budget affect both the revenue and expense sides of the firm. c. by definition there can be no error in the sales budget. d. all of these. e. none of these.
The firm's revenue and expense sides are both impacted by errors in the sales budget. Hence, the correct choice of answer for this question is option (b).
Give a brief account on sales budget.A planning tool that enables businesses to manage resources and earnings based on anticipated sales is the sales budget. In order to give each department a comprehensive understanding of their financial status, it takes into account historical sales trends and budgets for comparable time periods. Businesses may now accomplish their goals and boost profits more successfully. Setting realistic goals depends heavily on the sales budget. Budgets for sales are essential for controlling costs and establishing targets. Teams advance when they collaborate to achieve growth, even if it's just a simple 1% boost in sales productivity, thanks to clear, precise targets. A sales budget and sales forecasting, which involves predicting future sales revenue, are two different things.
Before beginning your strategy, make sure your components are ready and correct before getting into sales forecasting or budget preparation.
A sales budget consists of :
Income statement: Contains the company's net income and provides a broad financial analysis of how the business is faring.For a specific budgetary period, a balance sheet summarizes a company's liabilities, assets, and equity.Cash received and cash spent for a specific budgetary period are reported in the cash flow statement.Once you've gathered these three documents, you're prepared to create your sales budget.
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If nabisco had established a pricing objective of selling one out of every three crackers consumed in the world, it would have established an objective based on.
If Nabisco had established a pricing objective of selling one out of every three crackers consumed in the world, it would have established an objective based on market share.
Market share is the portion of a company's business that represents the entire revenue or sales in a market. For instance, if an industry sells 50,000 units annually, a company selling 5,000 of those units would hold a 10% share of the market.
Finding the optimal price point requires taking pricing objectives into account. You shouldn't just pick a price at random for a good or service. Without a goal, you are just hurling prices against the wall to see what sticks. That's not how business should be done.
You can better match your pricing with your business goals by using price targets. Your customers can learn about the worth of your items and labor by how you price your goods. It may also play a significant role in defining your brand's identity and company values.
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rick's pawn shop issued 11% bonds, dated january 1, with a face amount of $400,000 on january 1, 2022. the bonds sold for $370,000. for bonds of similar risk and maturity the market yield was 12%. interest is paid semiannually on june 30 and december 31. rick's determines interest at the effective rate and elected the option to report these bonds at their fair value. on december 31, 2022, the fair value of the bonds was $365,000, with $2,000 of the change due to a change in general interest rates. rick's statement of comprehensive income will include:
An unrealized gain of $5,412 from the change in the fair value of the debt.
How does general interest rate risk work?Interest-rate risk (IRR) is the exposure of a financial institution to unfavorable changes in interest rates. Accepting this risk is common practice in the banking industry and can be a key driver of profitability and shareholder value.
Explanation:
Given that the bond's face value is $400 000
Bond selling price: $370,000
yield until maturity equals 12%
Bond has a fair value of $365,000.
Value shifted = $2,000
Net income and OCI are both included in comprehensive income.
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Scott worked 57hrs last week. He gets paid a salary of $87,600. What is the amount of Scott's weekly check? (Round to the nearest cent)
A) $1,684.62
B) $894.55
C) $2,389.31
D) $3,369.23
Answer: A) $1,684.62
Because salary divided equals this
if a car manufacturer pays $200 for a windshield, $400 for tires, $100 for a car stereo, and sells cars made with these components for $20,000, then each car they produce adds how much to the gdp?
Each car they produce adds $20,000 to the GDP.
What is GDP ?Gross Domestic Product (GDP) is the total monetary value or market value of all finished produce and services produced within a country in a given period of time. As a broad measure of GDP, it serves as a comprehensive scorecard for the economic health of a given country. GDP is usually calculated on an annual basis, although it is sometimes calculated on a quarterly basis. For example, in the United States, the government publishes annual GDP estimates for each fiscal quarter and calendar year.Each record included in this report is on an actual basis.In other words, the data is adjusted for price changes and therefore inflation.To learn more about GDP from the given link :
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which of the following is(are) not a correct description of the long run in economics: question 37 options: 1) period over which some inputs are variable. 2) all of these 3) period over which all inputs can be changed. 4) period over which all inputs are variable.
The long run in finance is not properly described as a period during which all inputs are changeable.
The Long Run: What Is It?It long run is indeed a time frame during which all cost and production parameters are erratic .Businesses can alter all costs over the long term, but in the short term, they can only change pricing by altering output levels.
What is an example of a long run?When all inputs are variable, this is known as the long run. Consider the case of Best Bats, a business that manufactures wooden baseball bats. Best Bats has both fixed and variable inputs in the short term. The size of the company's factory and equipment is one fixed input.
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a firm's (fill in the blank) determines how the work efforts of individuals and teams are orchestrated and how resources are distributed.
A firm structure determines how the work efforts of individuals and teams are orchestrated and how resources are distributed.
What do you mean by Firm structure?
A firm structure can be defined as the system that shows how certain activities are directed in order to achieve the goals of an organization. A firm has certain basic features including profitability, asset structure, liquidity, business risk, growth and size and three economic factors including interest rate and inflation.
The core factors in which the structure is laid down are Entrepreneurial Skill,Managerial Ability Availability of Finance, Availability of Labour, Nature of Business, Extent of the Market.
There are various kind of firm structure
Functional Divisional GeographicMatrix.Therefore, a firm structure determines how the work efforts of individuals and teams are orchestrated and how resources are distributed.
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which of the following is not a capitalized cost when constructing property? a. direct costs. b. indirect costs. c. pre-development costs. d. construction period interest. e. advertising and marketing materials.
Option E is the right response because advertising and marketing expenses are not capitalized costs when building a property.
Construction costs can be direct or indirect; direct costs, such as direct materials and direct labor, are always capitalized. On the other hand, some indirect costs, such as assigning fixed overhead, may be capitalized while others may be expensed and shown in the period's income statement. Costs for marketing and advertising materials will be deducted from revenue and displayed on the income statement.
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How does financial planning help individuals?
Financial planning helps individuals to make smart
A. investments
B. insurance
C. Infrastructure
and save taxes.
A competent financial advisor will always advise their clients to
A. quantify
B. combine
C. diversify
their portfolio to reduce risks.
the entry that includes a debit to allowance for doubtful accounts and a credit to accounts receivable is a(n) . multiple choice question. adjusting entry to allow for estimated bad debts net realizable entry to report the amount expected to be collected write-off of a specific customer's account subsidiary entry to increase a customer's account for credit sales
The entry that includes a debit to allowance for doubtful accounts and a credit to accounts receivable is "adjusting entry to allow for estimated bad debts''.
In the accounts, the purpose of the allowance for doubtful accounts is to estimate how many customers out of the 100 will not pay the full amount they owe and to see exactly how payments work out, the company will debit a bad debt expense and credit allowance for doubtful accounts.
To record adjusting entry for doubtful accounts are assuming that the allowance for doubtful accounts has a credit balance, subtract the amount of the credit balance from the amount estimated to be uncollectible to get the amount of the adjusting entry in the accounts.
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what is the present value of 6 recipts of 3090 each recivied at the beginning of each period, discounted at 9% compunded interest?
The present value of annuity due is $1030.
What is annuity?A series of payments made at regular intervals constitute an annuity in the world of investments. Annuities include regular contributions to a savings account, recurring payments for a mortgage or rent, insurance premiums, and pensions. By how frequently payment dates occur, annuities can be categorized. Payments (deposits) may be made on a weekly, monthly, quarterly, annual, or other regular basis. By using mathematical operations referred to as "annuity functions," annuities can be estimated.
A life annuity is a type of annuity that guarantees payments for the rest of the owner's lifetime. An immediate annuity pays out at the end of each payment period, allowing interest to accumulate between the time of the annuity's issuance and the first payment.
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Your investment goal is to have $3,000,000 in 40 years for retirement. you decide to invest in a mutual fund today that pays 12% per year compounded monthly. how much must you invest at the end of each month to meet your investment goal? round to the nearest $1.
Answer:
$253 per month.
Explanation:
$253 invested monthly with 12% interest compounded monthly over a 40 year period would net $3,006,255.90. $252 monthly would fall $6,000 short of the $3,000,000 goal.
What was the original name of the restaurant chain now known as boston market? boston ham.
The original name of the restaurant chain now known as Boston market was Boston Chicken.
Boston Market, formerly known as Boston Chicken was set up in 1984 in Newton, Massachusetts in order to supply rotisserie chicken. The rotisserie chicken was a specialty of Boston Chicken.
The Boston market was referred to by the name of Boston Chicken till 1995. After this year, Boston chicken expanded its product list by including different varieties such as sandwiches, turkey etc. It then changed its name to the Boston market due to the expanded range of products.
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A firm producing a good is more likely to have which set of the following characteristics compared to a firm providing a service?.
A firm producing a good is more likely to have the following characteristics in comparison to a firm providing a service: Objective quality standards, tangible product and located away from customers
A firm that provides a service will have to visit the customers when they order a service. Hence they will be located closer to customers. On the other hand, a firm that produces goods will not require to be present close to the customers. This is because the goods produced are sent to markets where they are available to customers for usage.
A firm that is producing goods will have set objectives for meeting quality standards. If the quality standards are not met, then the product quality will be influenced.
Normally, goods that are produced by firms are tangible products whereas services may or may not be tangible.
Although a part of your question is missing, you might be referring to this question:
A firm producing a good is more likely to have which set of the following characteristics compared to a firm providing a service?
- extra services
-tangible product
-Objective quality standards
- located away from customers
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the cost of manufactured products consists of direct materials, direct labor, and factory overhead. the reporting of all these costs in financial statements is called full disclosure. absorption costing. variable costing. none of these choices are correct.
The correct option is (b). The reporting of all these costs in financial statements is called absorption costing.
A managerial accounting technique known as "absorption costing," also known as "full costing," is used to record all expenses related to producing a specific product. This method accounts for both direct and indirect costs, including direct materials, direct labor, rent, and insurance.
All manufacturing costs are allocated to products, which is one of absorption costing's features.
Products are assigned fixed and variable manufacturing costs.
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a company issues a $200,000, 5%, six-year note on january 1, 2024. if the monthly payment is $3,220.99, by how much will the carrying value decrease when the first month's payment is made on january 31, 2024?
Interest is the price of borrowing money, and it is often expressed as a percentage, such as an annual percentage rate (APR). For utilising their money, borrowers may charge interest to lenders.The answer is $2,387.66.
To calculate the carrying value, we must first calculate the interest, which is displayed below:
Interest is calculated as follows: $200,000 x 5% x (1 month + 12 months) =
$833.33 Issues amount x Months rate x (Total Number of Months in a Year)
And the recurring charge is $3,220.99
The carrying value would now drop by the following formula: Monthly payment – interest
($3,220.99 - $833.33 = $2,387.66).
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what term refers to extra markup to the schedule of values (sov) items completed early in the project?
Front-loading refers to extra markup to the schedule of values (sov) items completed early in the project.
Contractors will front load in an effort to counteract any negative effects on cash flow. This might be as a result of aggressive retention policies, making up for upfront material and mobilization costs, or lowering the risk of a slow-paying client.
The construction sector relies heavily on borrowing. In other words, services are typically paid for long after they have been truly done. By charging a little bit more up front, you can make enough money to last through the (often long) period between payments.
Front-loading a job by a contractor or subcontractor isn't inherently unethical or even bad taste if done within limits. However, purposely overbilling clients or charging for services not yet rendered is a surefire way to end relationships and potentially get you in legal trouble.
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