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2 years ago

The global economy _____.

Business

2 answers:

MrRa [10]2 years ago

5 0

has eliminated some jobs in the United States

Elodia [21]2 years ago

4 0

The global economy has eliminated some jobs in the United States. When jobs are outsourced (moved to other countries) because it is cheaper to do business there, people in the US lose their jobs.

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Macinski Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of $70,000 and fair value of $95,00

Montano1993 [528]

The nature of the lease arrangement is that of a finance lease. the following journal entries will be passed in the books of accounts:

Explanation:

a. This is because Sharrer Corporation (the lesse) will assume the risks of normal ownership. Maintenance is also not provided by the lessor.

Mike Macinski should, thus, use direct financing lease method. Lease receivable will be $95,000 and interest will be recognized annually.

b. Present value interest factor of annuity for 9% and 3 years = 2.531 (from PVIFA tables)

Annual payment will be = 95,000 by 2.531 = $37,534.57

Interest will be calculated on the opening balance of principal, at the rate of 9%. Thus, interest for the 1st year will be = 95,000 into 0.09 = $8550.

Principal paud during the year = total amount paid - interest amount. closing principal amount = opening principal - principal amount paid.

Period Cash due Interest Principal Balance

0 95,000.00

1 37,534.57 8,550.00 28,984.57 66,015.43

2 37,534.57 5,941.39 31,593.18 34,422.25

3 37,534.57 3,112.33 34,422.25 0.00

c. Entry for the signing of the lease agreement:

Fixed assets account (Dr) 95,000

Lease Payable account (Cr) 95,000

Entry on 31st December 2014:

Lease payable account (Dr) 28984.57

Interest account (Dr) 8550

Cash (Cr) 37534.57

Entry on 31st december 2015:

Lease payable account (Dr) 31593.18

Interest account (Dr) 5941.39

Cash (Cr) 37534.57

Entry on 31st december 2016:

Lease payable account (Dr) 34422.25

Interest account (Dr) 3112.33

Cash (Cr) 37534.57

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2 years ago

The most critical aspect of a WAN services contract is how the service provider supplies troubleshooting, network management, an

omeli [17]

Answer: True

Explanation:

8 0

2 years ago

The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):

amid [387]

Answer:

Net income$ 1,982

Explanation:

Preparation of income statement for Krafty Foods for the year ended December 31, 2021

Krafty Foods Income Statement For the Year Ended December 31, 2021

($ in millions)

Operating revenues 34,375

Less Cost of goods sold 17,631

Gross profit 16,744

Marketing, general and administration expenses

11,560

Operating income 5,184

(16,744-11,560)

Interest and other debt expense, net

1,537

Income before taxes 3,647

(5,184-1,537)

Income tax expense 1,665

Net income$ 1,982

(3,647-1,665)

Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982

5 0

2 years ago

"researchers usually start their investigation by examining some of the rich variety of low-cost and readily available ________

aleksandrvk [35]

"researchers usually start their investigation by examining some of the rich variety of low-cost and readily available "secondary" data, then collect "primary" data if the needed data don't existing or are dated, inaccurate, incomplete or unreliable."

Primary data will be data that you gather particularly with the end goal of your examination venture. An advantage of primary data is that it is particularly custom fitted to your examination needs. A weakness is that it is costly to acquire.

Secondary data alludes to information which is gathered by somebody who is somebody other than the client. Regular sources of secondary data for sociology incorporate censuses, data gathered by government divisions, hierarchical records and information that was initially gathered for other research purposes.

8 0

2 years ago

Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.

coldgirl [10]

Answer:

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

7 0

2 years ago