Answer:
A. Take $1 million now.
Explanation:
A. If we take $1 million now the present value of the money is $1 million.
B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;
$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728
$300,000 + $250,000 + $208,000+ $173,611 = $931,944
The present value of option B is less than present value of option A. We should select option A and take $1 million now.
Answer:
Correct option is E.
Explanation:
There is not enough information to calculate the amount.
Net operating asset= Operating Assets - Operating Liabilities
=$5489 Million - $2066 Million
=$3423 Million
Hence Average net operating assets can't be calculated by given information.
Answer:
TV (television)
Explanation:
Advertising frequency is defined as the number of time an advert is viewed by individuals once it come online.
The higher the number of times a user is exposed to an advert in a given time frame the higher the advertising frequency.
Normally it take exposure of 5 times and above for an advertisement to be effective.
Bill’s Surf Shop will have more advertising frequency on television because all categories of customers watch the television. Including children, teenagers, middle aged, and older people.
The other mediums will attract less people. Direct mail is only for those with emails, the web is for technologically savvy clients, and billboards only for those that view them in their location.
Television gives a larger audience.
Answer:
Allocated MOH= $888
Explanation:
Giving the following information:
The Customizing Department’s predetermined overhead rate is based on direct labor-hours.
Customizing
Direct labor-hours 8,300
Total fixed manufacturing overhead cost $83,000
Variable manufacturing overhead per direct labor-hour $4.80
Job T138:
Direct labor-hours 60
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (83,000/8,300) + 4.8
Predetermined manufacturing overhead rate= $14.8 per direct labor hour
<u>Now, we can allocate overhead to Job 138:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14.8*60= $888
Answer:
November 5
Dr Unearned Ticket Revenue $1,930,000
Cr Ticket Revenue $1,930,000
Explanation:
Preparation of the journal entry to Record the revenue earned for the first concert date of November 5.
Based on the information given if Ticketsales receives the amount of $7,720,000 cash in advance ticket sales for a four-date tour of Bon Jovi which means that assuming it represents one-fourth of the advance ticket sales the revenue earned for the first concert date of November 5 will be :
November 5
Dr Unearned Ticket Revenue $1,930,000
Cr Ticket Revenue $1,930,000
($7,720,000 x 1/4)
(To Record the revenue earned for the first concert date of November 5.)
