Answers
Answer:Summary task
Explanation:
Related Questions
Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $140,000 and will increase annual expenses by $88,000 including depreciation. The oil well will cost $465,000 and will have a $10,000 salvage value at the end of its 10-year useful life. Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 12.47.)
Andy is talking to his friend Bruce, who has an interest in Arlington, LLC, about purchasing his LLC interest. Bruce’s outside basis in Arlington, LLC is $21,000. This includes his $5,000 one-fourth share of the LLC’s debt. Bruce’s 704(b) capital account is $25,000. If Andy bought Bruce’s LLC interest for $18,000, what would Andy’s outside basis be in Arlington, LLC?
Two methods can be used to produce expansion anchors. Method A costs $65,000 initially and will have a $18,000 salvage value after 3 years. The operating cost with this method will be $28,000 in year 1, increasing by $3600 each year. Method B will have a first cost of $108,000, an operating cost of $8000 in year 1, increasing by $8000 each year, and a $38,000 salvage value after its 3-year life. At an interest rate of 8% per year, which method should be used on the basis of a present worth analysis
The Wilson family has a disposable income of $60,000 annually. Currently, the Wilson family spends 80% of new disposable income on consumption. Assume that their marginal propensity to consume is 0.8 and that their autonomous consumption spending is equal to $10,000. What is the amount of the Wilson family's annual consumer spending
Balance, August 1 $9,369
Deposits during August $32,200 41,569
Note Collected for depositor, including $40 interest 1,040 42,609
Checks cleared during August $34,500 8,109
Bank Service Charges 20 8,089
Balance, August 31 8,089
The general ledger Cash account contained the following entries for the month of August.
Cash
Balance, August 1 10,050 Disbursements for August 35,403
Receipts during August 35,000
Deposits in transit at August 31 are $3,800, and checks outstanding at August 31 total $1,550. Cash on hand at August 31 is $310. The bookkeeper improperly entered one check in the books at $146.50 which was written for $164.50 for supplies (expense); it cleared the bank during the month of August.
Instrustions:
a. Preare a bank reconciliation dated August 31, 2010, proceeding to a correct balance.
b. Prepare any entries necessary to make the books correct and complete.
c. What amount of chas should be reported in the August 31 balance sheet?
Answers
a. The preparation of the bank reconciliation is shown below.
b. The entries are given below.
c. The amount of cash should be $10,649.
Preparation, journal entries:
a. The preparation of the bank reconciliation is presented below.
Bank balance as per bank statement $8,089
Add: cash on hand $310
Add: deposit in transit $3.800
Less: outstanding checks $1,550
Adjusted balance $10,649
Balance as per cash book ($10,050 + $35,000 - $35,403) $9,647
Less: correction ($164.5 - $146.5) $18
Less: bank service charge $20
Add: note collected $1,040
Adjusted balance $10,649
b. The journal entries:
Cash $1,040
Note receivable $1000
Interest receivable $40
(Being collection od note & interest)
Bank charges $20
cash $20
(being bank charges are recorded)
Supplies expense $18
cash $18
(Being error in recording check)
c. The amount of cash should be $10,649.
Learn more about journal entry here: brainly.com/question/24345471
Answer:
Complete solution in tabular form is given below for better understanding and demonstration.
Answers
Answer:
None of the options is correct, given the facts in the question.
The appropriate answer is:
Debit Prepaid insurance $12,000
Credit Insurance expenses $12,000
(Reversal of erroneous posting to insurance expenses)
Debit Insurance expenses $3,000
Credit Prepaid insurance $3,000
(To record 6 months prepaid insurance amortization)
Explanation:
Prepaid insurance is a payment for insurance policy premium in advance, whose service has not been fully enjoyed.
Gibson Company paid $12,000 for a two-year insurance policy. This was erroneously recorded as an expense. This wrong posting has to be reversed for the purpose of audit trail, as provided by the first journal.
To determine the monthly amortization, simply divide $12,000 by 24 months to arrive $500 amortization monthly. Since we are adjusting for December 31, 2014 (6 months from June 1, 2014), the 2014 amortization will be $500 x 6 months = $3,000. This has to be adjusted for by applying the second journals above.
Answers
Answer:
Please see journals below
Explanation:
Retained earnings Dr $104,000
Common dividend payable Cr $104,000
Common dividend payable Dr $104,000
Cash Cr. $104,000
Retained earnings Dr $100,100
Common dividends payable Cr $100,100
Common dividends payable Dr $100,100
Cash Cr $100,100
Retained earnings Dr $110,000
Common dividends payable Cr $110,000
Working
Dividends payable
= 190,000 × $0.55
= $104,000
Common dividend payable
= $0.55 × (190,000 shares - 8,000 shares)
= $100,100
b. $45.00 per housekeeping hour
c. $33.33 per housekeeping hour
d. $35.88 per housekeeping hour
Answers
Answer:
c. $33.33 per housekeeping hour
Explanation:
The housekeeping department's activity rate is how much each housekeeping hour costs.
This question can be solved by a simple rule of three.
27000 hours cost $900000. How much does 1 hour cost?
27,000 hours - $900,000.
1 hour - $x.
So the correct answer is:
c. $33.33 per housekeeping hour
B) decide whether to focus on primary or secondary data
C) determine which type of research instrument to use
D) have the questionnaire translated back into English to check for accuracy
E) determine whether to focus on descriptive or causal objectives
Answers
The questionnaire was translated back into English to check for accuracy. Thus option D is correct.
What is the marketing research ?
Marketing research is the systematic gathering, recording, and analysis of the information that is qualitative and quantitative related to the marketing of products and services. It is the marketing of the business activities.
The research includes the B2B and B2C. The main objective is to provide relevant and accurate reliable information. The research relies on surveys and questionnaires as tools of gathering information.
Find out more information about the Malaya Ramirez.
Answer:
The correct answer is letter "D": have the questionnaire translated back into English to check for accuracy.
Explanation:
Translating is the activity by which the message given in a language is provided written in a different language. However, all languages are not the same and during the translation, meaning can be lost. Besides, specific terminology could make the translation difficult for the translator.
Thus, for accuracy purposes Malaya Ramirez should have the English-Spanish translation checked, making it be translated back into English.
Answers
Basic research is the least likely to result in product innovation that have near-term commercial application
Explanation:
Basic research, is otherwise called pure research. This is the first step in production innovation. This is followed by "applied research", then "innovation development", then to go for "production-sales-market".
The information gathered here will be very light or a starter. It is not possible to foresee all the outcomes or the benefits which is achieved in the basic research.
We cannot even predict the types of research knowledge which might add a value to the future changes