Based on the terms offered of 1/10, net 45, the period you have to pay before it is overdue is 45 days and the full amount you'll remit is $99,000.
What does an offer of 1/10, net 45 mean?1/10, net 45 means that if the person can pay off the balance in 10 days, they will get a 1% discount. If they don't, they will have to pay in 45 days from the date of purchase and will get no discount.
In this case, the full amount paid will be:
= Number of units purchased x Unit price
= 1,800 x 55
= $99,000
The questions are:
1. How long do you have to pay before the account is overdue?
2. If you take the full period, how much should you remit?
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Assignment Directions:
Using all of the concepts you have attained throughout the course of the lesson (capital, collateral, etc.), compose a two-page, detailed business plan that illustrates how you plan to enter the “industry of your dreams” (fashion, entertainment, educational materials, etc.).
Assignment Guidelines:
Include at least four important concepts discussed within the lesson.
Submission Requirements:
Two-page business plan
When submitting written assignments, please remember to:
Submit the assignment question(s) and your responses.
Proofread for spelling, grammar, and punctuation.
Remember to use complete sentence structure.
Make sure paragraphs have at least six sentences.
To develop a business plan for a particular industry, such as the food, fashion or entertainment industry, it is necessary to carry out in-depth research on the topic and important concepts for planning.
Business plan definitionIt is a document developed when there is an intention to start a new business, where information about the course of actions necessary to achieve the business objectives is described.
Some important concepts for developing an effective business plan are:
Value offerFinancial indicatorsCompetition AnalysisCosts and InvestmentsCustomer journeyTherefore, the business plan will detail the steps that must be taken in order to develop the marketing and investment strategies necessary to achieve the competitiveness and positioning of the business.
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1. The industrial wood planers currently valued at $58,000 each were purchased two years ago for $65,000 each. The company plans to keep them for six more years. Jasmine uses the straight-line method to determine the depreciation for these machines. Be sure to follow FASB
a. What is the salvage value of each planner, and how is this amount determined? (2 points)
The salvage value of each planner is $23,000 and this is derived by first calculating the depreciation amount which is then deducted from Original cost of the asset.
How do we calculate our salvage value?The salvage value of each industrial wood planer is the estimated value of the machine at the end of its useful life, after it has been fully depreciated. It is determined by subtracting the accumulated depreciation from the original cost of the asset.
In Jasmine's case, using the straight-line method of depreciation, the annual depreciation for each machine is calculated as follows:
$65,000 - $58,000 = $7,000 (depreciation per year)
The company plans to keep the machines for six more years, so the total amount of accumulated depreciation would be:
$7,000 x 6 = $42,000
Therefore, the estimated salvage value of each industrial wood planer would be:
= $65,000 - $42,000
= $23,000
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g Jon owns a company in Santa Barbara that has a patent on a specialized product. The inverse demand for the product is P = 24 - q. Jon's cost function is C(q)=q^{2}. Concerned about the high price that Jon charges for his product, the government decides to subsidize Jon so as to eliminate the deadweight loss. How much must the per-unit subsidy be to completely eliminate the deadweight loss?
Answer:
$2 per-unit subsidy.
Explanation:
So, we are given the following data or parameters or information in the question above;
=> "The inverse demand for the product is P = 24 - q. "
=> "Jon's cost function is C(q)=q^{2}. "
(1). For profit to be maximized the value of Margin Revenue, MR = marginal cost, MC.
MR = marginal cost= dTR/ dq, where TR = p × q = (24 - q ) q = 24q - q^2.
MR = marginal cost = 24 - 2q.
Also, marginal cost, MC = dCq/dq = d/dq × (q)^2.
marginal cost, MC = 2q.
MR = MC; 24 - 2q = 2q.
q = 6.
NB: Pm = 24 - qm.
Pm = 24 - 6 = $18.
(2). For optimum quantity; p = marginal cost.
24 - q = 2q.
q* = 8.
p* = 2 × 8 =$ 16.
On a price versus quantity curve, the dead weight loss = area shaded under the curve.
Quantity to produce = 12.
At MC* = MR, Qm = Q* and On= p*.
The amount of per-unit subsidy be to completely eliminate the deadweight loss = 18 - 16 = $2.
What are the inventory methods used in accounting?
Answer:
- specific identification;
- first-in, first-out (FIFO);
- last-in, first-out (LIFO); and.
- weighted-average.
Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities. What will be their optimal cash replenishment level?
The optimal cash replenishment level is $1.5 million.
Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities.
Optimal cash replenishment level:To find the optimal cash replenishment level, we can use the Miller-Orr model.
Miller-Orr model is used to determine the optimal cash balance of a company to minimize the cost associated with holding or having a shortage of cash.
It is designed to help companies determine when they should transfer cash in and out of their account to keep the account balance close to a specified target.
The Miller-Orr model considers two costs: the opportunity cost of holding cash and the transaction cost of transferring money from one account to another.
Lower limit = 3 × T × σ / 4 × C = 3 × 10 × 0.5 / 4 × 125 = $0.75 millionUpper limit = 3 × Lower Limit = 3 × 0.75 = $2.25 millionThe optimal cash balance is the average of the upper limit and the lower limit, which is ($0.75 million + $2.25 million) / 2 = $1.5 million.
The company should try to keep their cash balance around $1.5 million to minimize the cost associated with holding or having a shortage of cash.
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Suppose that your retirement benefits during your first year of retirement are $60,000 per year which is just enough to meet your cost of living during the first year. However, your cost of living is expected to increase at an annual rate of 5% due to inflation. If there is no cost-of-living adjustment in your retirement pension, then some of your future living cost has to come from savings other than retirement pension. If your saving account earns 7% interest a year, how much should you set aside in order to meet this future increase in the cost of living for 25 years
Answer:
The money side aside in order to meet this future increase in the cost of living for 25 years is $429,060
Explanation:
Solution
Given that:
The first year retirement benefit is = $60,000
Expected increase of cost of living at an annual rate = 5%
Savings earn account = 7%
Now,
We find the the pension current worth
P₁ = $60,000 (P/A, i, n)
= $60,000 (P/A 7%, 25)
$60,000 (11.654)
= 699, 254
Thus,
we compute the current worth of cost of living by applying the factor of geometric series.
P₂ = $60,000 (P/A, g,i, n)
= $60,000 (P/A, 5% 7%, 25)
= $60,000 [ 1-(1+0.05)^25 + (1+0.07)^-25/0.07 -0.05]
= $60,000 (1 - 0.6239/0.02)
=$60,000 (0.3761/0.02)
= $22,566/0.02 =$1,128,300
Now, we calculate the money that will be saved
Which is $1,128,300 - $699,254
= $429,060
critically discuss the franchising strategy IKEA's used to expand into foreign markets to explain whether or not the company has really used franchising
Answer: what she said
Explanation:
cause why the hell not
It is planned and rehearsed speech.
If you were running the clothing or grocery store, which buying method would you prefer to use? Why? (1-4 sentences. 1.0 points)
Every day, Dawa comes to work
intoxicated, and this compromises
his work efficiency. Dawa is
engaging in
Select one:
a. corruption
b. Workplace deviancev
c. Property deviance
d. Sabotage
= Workplace deviance
Answer:
the answer is workplace deviancey
Answer:
You are indeed correct
Explanation:
Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.73 direct labor-hours. The direct labor rate is $11.60 per direct labor-hour. The production budget calls for producing 6,500 units in April and 6,300 units in May. The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor work force for at least 5,480 hours in total each month even if there is not enough work to keep them busy. What would be the total combined direct labor cost for the two months
Answer:
April= $63,568
May= $63,568
Total cost= $127,136
Explanation:
Giving the following information:
Each unit of output requires 0.73 direct labor-hours.
The direct labor rate is $11.60 per direct labor-hour. T
The company is committed to paying its direct labor work force for at least 5,480 hours in total each month even if there is not enough work to keep them busy.
First, we need to calculate the direct labor hours required for each month.
Direct labor hours:
April= 0.73*6,500= 4,745 hours
May= 0.73*6,300= 4,599 hours
Now, we can calculate the direct labor cost for each month:
Direct labor cost:
April= 11.6*5,480= $63,568
May= 11.6*5,480= $63,568
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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1.Why is knowledge of consumer behavior important to the marketer?
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
Future Cost: If one year of college currently costs $25,000, how much will it cost Grand Rapids, Michigan's resident Michelle Spindle to pay for one year of schooling for newborn daughter, Melissa, 18 years from now, assuming a 5 percent annual rate of inflation? Use Appendix A-1 or the Garman/Forgue companion website
With current rates of 25,000 dollars, Michelle Spindle will have to pay 52,360 dollars in fees for her daughter Melissa when she is 18 years old, assuming a 5 percent yearly rate of inflation.
Hence, answer is 52,360$
How to find?
Current fees= 25,000$
Annual Rate of inflation= 18%
So, by this per year increase would be = 25,000*18/100= 1250$.
After 18 years , the amount would be = 1250*18= 27,360
If, we add the current fees, then total amount would be= 25,000+ 27,360= 52,360$.
What is inflation, and what is an example?The gradual rise in the cost of goods and services over time is known as inflation. It causes money (like the U.S. Dollar) to lose value, which has negative effects including raising the cost of living.
Consider how much a sweets bar cost when you were a young child. Consider how much the same sweets bar would cost now.
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A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will yield an annual incremental after-tax income of $35,000 after deducting the straight-line depreciation. Compute the accounting rate of return for the investment.
Answer:
22.7 %
Explanation:
Accounting rate of return = Average Profits / Average Investments × 100
Where,
Average Profit = Sum of Profits ÷ Number of Years
= $35,000
and
Average Investment = (Initial Investment + Salvage Value) ÷ 2
= ($278,000 + $30,000) ÷ 2
= $154,000
Therefore,
Accounting rate of return = $35,000 ÷ $154,000
= 22.7 %
11. Explain how the prices of related goods also affect demand.
Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends for the foreseeable future. If the firm is expected to generate a 13% return on equity in the future, and if you require a 15% return on the stock, the value of the stock is _________.
Answer:
The correct solution is "$42.94".
Explanation:
The given values are:
D0 = 4
Ks = 15%
As we know,
⇒ \(g = (1-Div \ payout \ ratio)\times ROE\)
\(=(1-60 \ percent)\times 13 \ percent\)
\(=5.20 \ percent\)
By using the Gordon Model, we get
⇒ \(P0=Do\times \frac{(1+g)}{(Ks-g)}\)
\(=4\times \frac{ (1+5.20 \ percent)}{(15 \ percent-5.20 \ percent)}\)
\(=42.94\) ($)
A. Listed below are 12 accounting liabilities. (I need all answered)
1. Insurance paid in advance
2. Interest payable
3. Unsettled lawsuits where a reasonable estimate of loss can be determined, and the loss is probable
4. Accounts payable
5. Warranties payable
6. Bonds payable
7. Accrued liabilities
8. Taxes payable
9. Employment commitments
10. Notes payable
11. Purchase commitments
12. Salaries payable
Place each of these accounting liabilities into one of the following six categories:
a. Obligations with fixed payment dates and amounts
b. Obligations with fixed payment amounts but estimated payment dates
c. Obligations for which the firm must estimate both timing and amount of payment
d. Obligations arising from advances from customers on unexecuted contracts and agreements
e. Obligations under mutually executed contracts
f. Contingent obligations
Obligations with fixed Payments Dates and Amounts:
Interest payable:
Bonds Payables:
Notes Payable:
Salaries Payables
Obligations with fixed payments but estimates payment dates:
Accounts payable:
Accrued Payable:
Obligations for which firm must estimates both payments and dates:
Warranties payable
Taxes Payables:
Employment commitments
Obligations arising from advances from customers on unexecuted contracts and agreements
Insurance paid in advance:
Obligations under mutually executed contracts:
Purchase commitments:
Contingent Liabilities:
Unsettled lawsuits where a reasonable estimate of loss can be determined, and the loss is probable: .
What will the classification be about?In general, insurance paid in advance is an asset, but it is provided as liability here because it is assumed that the firm is in the insurance business and has received insurance from clients in advance.
It should be noted that because interest is payable on debt or loan, the liability is fixed, as are the dates. Bonds are issued with fixed payment schedules, so the amount and dates are both fixed.
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6
Select the correct answer from each drop-down menu.
Identify the interpersonal skills demonstrated in this scenario.
Belinda gets along well with her coworkers and managers because she doesn't judge people, even when she disagrees with them. She is
demonstrating the skill of
Harold is always in demand because he takes time to help others when they are struggling to complete a task. He is demonstrating the skill of
Reset
Next
Answer:xz
Explanation:xx
Answer:
Explanation:
Select the correct answer from each drop-down menu.
Identify the interpersonal skills demonstrated in this scenario.
Belinda gets along well with her coworkers and managers because she doesn’t judge people, even when she disagrees with them. She is demonstrating the skill of
respect for diversity
.
Harold is always in demand because he takes time to help others when they are struggling to complete a task. He is demonstrating the skill of
social sensitivity
.
successfulness of the competition policy in South Africa
A Troubador is... *
O An English word for Trouble Maker
O A Buddhist Monk
O A traveling Sacred Musician
A traveling Seculary Musician
Answer:
A troubadour was a poet and musician of the Middle Ages who performed songs about chivalry and courtly love. Troubadours were mainly active in the courts of the Frankish nobility and played an important role in the development of vernacular literature in medieval Europe. Their songs were typically performed with a musical instrument, such as a lute or a harp, and helped to spread stories, news, and cultural values across the continent.
Dion has created a SWOT analysis for his business plan. In which section of his business plan will he place his analy
О А.
OB.
0 с.
OD. marketing and sales
executive summary
company description
market research
Reset
Next
In a case whereby Dion has created a SWOT analysis for his business plan the section of his business plan that he will place his analysis is company description.
What is SWOT analysis?The SWOT analysis is an important tool for evaluating the internal and external factors that affect a business. By identifying its strengths and weaknesses, a company can determine how to capitalize on its advantages and improve its weaknesses. By identifying opportunities and threats, a company can develop strategies to take advantage of market trends and mitigate risks.
Therefore, Dion's SWOT analysis will help readers of the business plan to understand the strengths, weaknesses, opportunities, and threats of his business, and how he plans to leverage these factors to achieve his goals.
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explain what would you do when a caller wants a home telephone number of the manager of the organization
If a caller requests the home telephone number of the manager of the organization, it is important to follow some steps to ensure their privacy and safety.
Firstly, I would politely inform the caller that I cannot provide the manager's home telephone number for security reasons. Instead, I would offer to take their message along with their contact details and ensure that it is passed on to the manager for appropriate action.
If the caller insists on having the number, I would calmly explain that it goes against company policy as it can lead to unwanted and unsolicited calls which may not be safe. However, if the caller identifies themselves as an employee, I would offer to connect them to the manager's office line or leave a voicemail on their office phone. Overall, it is important to handle such calls with professionalism and tact while maintaining safety and privacy.
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January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 30,000 of its common shares at $7 each. The market price of common stock was $13 per share on December 31, 2021, and averaged $15 per share during the year then ended. There was no change in the 153,000 shares of outstanding common stock during the year. Net income for the year was $28,000. The number of shares to be used in computing diluted earnings per share for the quarter is: Multiple Choice 153,000 169,000 181,000 197,000
Answer:
169,000
Explanation:
Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:
First step is to calculate the amount assumed to be exercised
Exercised amount= 30,000*$7 / $15avg
Exercised amount= 14,000
Second step is to calculate the Net
Net=30,000-14,000
Net= 16,000
Now let calculate The number of shares to be used in computing diluted earnings per share
Using this formula
Number of shares=Outstanding+Net
Let plug in the formula
Number of shares=153,000 +16,000
Number of shares= 169,000
*diluted eps=$28,000 /169,000
Therefore The number of shares to be used in computing diluted earnings per share for the quarter is: 169,000
It has been said that most systems fail because system builders ignore organizational behavior problems. Why might this be so? Add refrence
organizational behavior problems
Organizational behaviour issues may be overlooked by system builders for a number of reasons, which can ultimately result in system failure.
What do you mean by Organizational behaviour ?One factor that contributes to this is that some system developers are only concerned with the technical components of a system and may lack knowledge or experience about how human behaviour affects the system.
A mismatch in understanding the organisational needs and potential behavioural difficulties may also result from a lack of interaction and cooperation between both the system developers and also the organization's stakeholders, particularly employees and management.
Organizational behaviour concerns may also be unreported since they are sometimes more challenging to recognise and resolve than technological problems. Complex human connections and cultural norms can play a role in problems with organisational behaviour.
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Find out what the company policy is om communication
The company policy is on communication is an internal communication policy is a record that summarizes an organization's approach to its internal communication with its employees. The internal policy highlights and recognizes what information can be transferred and communicated.
What are the kinds of workplace communication policies?
There are four prominent kinds of workplace communication: verbal, body, phone and written. During any point in the workday, you are always encountered with at least one
Why are communication policies necessary?A communication policy can, therefore, be an agency for supporting the periodic planning, development and use of the communication system, and its help and possibilities, and for providing that they function efficiently in enhancing national growth.
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Chrissy receives 200 shares of Chevron stock as a gift from her father. The stock cost her father $9,000 10 years ago and is worth $10,500 at the date of the gift. a. If Chrissy sells the stock for $12,500, calculate the amount of the gain or loss on the sale. $fill in the blank 515f94001054022_1 b. If Chrissy sells the stock for $4,600, calculate the amount of the gain or loss on the sale. $fill in the blank a9ba28057f9604d_1
Answer:
A. $3,500 gain
B. -$4,400 loss
Explanation:
A. Calculation for the amount of the gain or loss on the sale
Gain or loss on sale=$12,500-$9,000
Gain or loss on sale=$3,500 gain
Therefore the amount of the gain on the sale is $3,500
B.Calculation for the amount of the gain or loss on the sale
Gain or loss on sale=$4,600-$9,000
Gain or loss on sale=-$4,400 loss
Therefore the amount of the loss on the sale is
-$4,400 loss
At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period, it had net credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,000 at the end of the period. (Omit cost of goods sold entries.)
Account Titles and Explanation
(A) Accounts Receivable DR - 864,300
Sales Revenue CR - 864,300
(B) Cash DR - 687,610
Accounts Receivable CR - 687,610
(C) Allowance for Doubtful Accounts DR - 6,804
Accounts Receivable CR - 687,610
Cash DR - 3,219
Accounts Receivable CR - 3,219
(D) Bad Debt Expense DR - 18,075
Allowance for Doubtful Accounts CR - 18,075
!!QUESTION!!:
Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.
Ending balance in Accounts Receivable: $?
Ending balance in Allowance for Doubtful Accounts: $?
The ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.
What does Accounts Receivable mean?Accounts Receivable refers to the amount of money owed to a company by its customers for goods or services that have been sold but not yet paid for. In other words, it represents the company's right to receive payment from its customers. Accounts Receivable is considered an asset on the company's balance sheet and is often a significant component of a company's working capital. As customers make payments on their outstanding balances, the amount in Accounts Receivable decreases, and the amount of cash on the company's balance sheet increases.
To determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts, we need to take into account all the transactions that occurred during the period.
Beginning balance in Accounts Receivable: $196,800
Add: Net credit sales: $864,300
Less: Collections: ($687,610)
Less: Write-offs: ($6,804)
Add: Recovery of previously written-off account: $3,219
Ending balance in Accounts Receivable: $369,905
Beginning balance in Allowance for Doubtful Accounts: ($9,510)
Less: Write-offs: $6,804
Add: Bad debt expense: $18,075
Ending balance in Allowance for Doubtful Accounts: $1,761
Therefore, the ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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if a price ceiling is not binding, then question 7 options: there will be a surplus in the market. there will be a shortage in the market. the market will be less efficient than it would be without the price ceiling. there will be no effect on the market price or quantity sold.
If a price ceiling is not binding, it means that the market price is already below the price ceiling, and the ceiling has no effect on the market. In this case, there will be no effect on the market price or quantity sold.
Describe Market Price?Market price refers to the current price at which a particular good or service is traded in the market. It is the price that buyers and sellers agree upon in a transaction. Market price is determined by the supply and demand for the product or service, and it can fluctuate over time as market conditions change.
Market price plays a crucial role in determining the economic value of goods and services. The price of a good or service is determined by the interaction of buyers and sellers in the market. If there is high demand for a product and limited supply, the market price is likely to increase. Conversely, if there is a surplus of a product and little demand, the market price is likely to decrease.
Market price is influenced by several factors such as:
Supply and demand: The most significant factor that determines the market price of a product or service is the balance between supply and demand. When demand exceeds supply, the price tends to rise, and when supply exceeds demand, the price tends to fall.
Production costs: The cost of producing a product or service can also affect its market price. If production costs increase, the price of the product or service may also increase to maintain profitability.
Competition: The level of competition in the market can also impact the market price. If there is intense competition, the price may be driven down as companies compete for customers.
Economic conditions: Economic conditions such as inflation, recession, or changes in the exchange rate can also affect the market price of goods and services.
In summary, market price is the current price at which a particular good or service is traded in the market. It is determined by the interaction of supply and demand and can fluctuate over time based on several factors. Market price plays a crucial role in determining the economic value of goods and services.
The price ceiling is said to be non-binding or ineffective when it is set above the equilibrium price, as it does not affect the market price, quantity sold, or the allocation of goods and services. The price ceiling only becomes binding or effective when it is set below the equilibrium price, causing a shortage in the market. Therefore, if a price ceiling is not binding, there will be no significant impact on the market.
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