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RideAnS [48]
2 years ago
9

On January 1, 2016, Ott Company sold goods to Fox Company. Fox signed a noninterest-bearing note requiring payment of $60,000 an

nually for seven years. The first payment was made on January 1, 2016. The prevailing rate of interest for this type of note at date of issuance was 10%. Information on present value factors is as follows: Ott should record sales revenue in January 2016 of a. $214,200 b. $261,600 c. $292,600 d. $321,600Table:Business figures are shown
Business
1 answer:
inessss [21]2 years ago
3 0

Answer:

D. 321,600.

Explanation:

Present value is the current value of a future amount that is to be received or paid out.

Given:

Present value, P = $60000

Present value of ordinary annuity for the remaining 6 years = 4.36

The Present value, PV of the note is equal to the first payment + the Present value of ordinary annuity (all at 10%) of the remaining six payments

Sales revenue = $60000 + (60,000 × 4.36)

= $60000 + $261,600

= $321,600

Thus, sales revenue of $321,600.

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A company has a complicated Sales process regarding its opportunities. The company has three different lines of business (Widget
dalvyx [7]

Answer:

A. Create three Record Types (Widget A, Widget B, Widget C) with six Page Layouts (Sales Widget A, Sales Widget B, Sales Widget C, Marketing Widget A, Marketing Widget B, and Marketing Widget C).

Explanation:

This question is about Salesforce, and the reason I chose A is because:

  • Option B is not correct because ti would be too messy to use only one Record type.  
  • Option C is not correct because you need a 6 page layout and that option includes only a 1 page layout.
  • Option D  is unnecessarily complicated since you can use only 3 record types and using 6 would not help you at anything.
7 0
1 year ago
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.
myrzilka [38]

Answer:

1. fixed and indirect

2. variable and direct

3. variable and direct

4. fixed and indirect

5. fixed and indirect

6. variable and direct

Explanation:

<u>Fixed and variable costs</u>

A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.

Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.

<u>Direct and Indirect costs</u>

A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.

The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.

4 0
1 year ago
You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of th
Vesna [10]

The question is incomplete:

You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of the office. The next day you notice it has not yet been done. Why?

-The supervisor was offended you asked him/her and refused to do anything about it

-The supervisor could not find a labourer to move it and would not do so him/herself

-Because things get done slowly in India

Answer:

-The supervisor could not find a labourer to move it and would not do so him/herself

Explanation:

India is a society with a high power distance. This means that there is hierarchy, inequality and employees expect directions. Also, decisions tend to be centralized and people in high positions expect privileges and a certain status. Because of that, in this situation the reason for not moving the desk from the options given is that the supervisor could not find a labourer to move it and would not do so him/herself as he/she considers that it is not part of the job as he/she has a higher position that doesn't involve to do that.

The other options are not right as the supervisor would not be offended a this is a culture in which people expect to receive orders and it is not related to things getting done slowly there.

4 0
1 year ago
A customer has requested that Lewelling Corporation fill a special order for 2,200 units of product S47 for $38 a unit. While th
lilavasa [31]
The answer is c did
8 0
1 year ago
Write a paragraph that explains the correlation between money supply and economic growth.
frutty [35]
The correct answer for this question is this one:
The correlation between money supply and economic growth is directly related because the as the number of money of supply increases, the significance to that with the economic growth is that there is progress. Hope this helps


3 0
1 year ago
Read 2 more answers
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