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valentina_108 [34]
2 years ago
13

Explain what a contra account is by choosing the statement(s) below that correctly describe(s) a contra account. (Check all that

apply.) Multiple select question. A contra account would be subtracted from another account. A contra account is linked with another account. A contra account would be added to another account. Accumulated Depreciation is an example of a contra account. A contra account has an opposite normal balance than its linked account.
Business
1 answer:
insens350 [35]2 years ago
5 0

Answer:

Accumulated Depreciation is an example of a contra account.

A contra account would be subtracted from another account.

A contra account has an opposite normal balance than its linked account.

A contra account is linked with another account

Explanation:

Answer key

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Claire is 25 years old. She owns an editorial services firm. The average age of her employees is 30. Claire prefers to hire new
Grace [21]

Answer:

In the given scenario, the age discrimination that Claire displays could be because she believes that:

B) older workers are not interested in learning new things.

Explanation:

A manager is someone who controls and manages the resources in a company, firm or an organization. A major management role is the hiring of new employees. Employees form the backbone of any company, the type of employees that constitute an organization are always determine if the business will be a success or a failure. Hiring employees should be taken very seriously to ensure that their qualities are in line with the organizations goals and ambitions.

In the case above, Claire who owns an editorial services firms uses age discrimination criteria to hire her employees. This is evident by the fact that the average age of her employees is 30, meaning they are still considered youths since they are under below 35 years of age. Most managers like Claire use such tactics in hiring due to their personal beliefs. Some age discrimination hiring strategies are used because the hiring managers feel like older workers are usually not interested in learning new things.

5 0
2 years ago
Natalie wants to make a 25% profit on her $70,000 land investment (there is no mortgage). She figures agents charge a 6% commiss
Ksju [112]

Natalie wants to make a 25% profit on a $70000 sale. That would be:

(125 ÷ 100) × 70000 = $87500.

Natalie wants to make $87500. But the agent would charge a 6% for the sale, Natalie will add a 6% to the $87500, that would be:

(106 ÷ 100) * 87500 = $92750.

On this $92750, there's a closing cost of $1200,

Add $92750 + $1200 = $93950.

$93950 to the nearest hundred will be $94000.

Natalie should make the final sale price $94000 in order to make a profit of %25.

7 0
2 years ago
Read 2 more answers
Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stoc
OleMash [197]

Answer:

= 9.5%

Explanation:

The weighted average cost of capital can be computed as follows:

After tax cost of debt :

= Before-tax cost of debt (1-T)

= 7.8% ×  (1-0.21)

= 6%

Market value

Equity = 105× 22= 2,310.00

Preferred stock = 25× 45= 1,125.00              

Bonds= 98% × 1500=<u>1,470.00</u>

Type                   cost    Market value         Cost × equity

Equity               12.4       2,310.00                  286.44

Preferred stock  8%          1,125.00              90.00

Bond                6%        <u>1,470.00 </u>              <u>1 90.58 </u>

                                        4,905.00         467.02

WACC = (467.02/4,905.00 ) × 100

          = 9.5%

8 0
2 years ago
Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon
rodikova [14]

Answer:

The amount of cash paid for intrest expense during the year was $ 41.500.

Explanation:

Cash paid for interest expense  = bond interest expense + Decrease in premium on bonds payable account

                                                     = $ 40,000 + $ 1,500

                                                     = $ 41,500

Therefore, the amount of cash paid for intrest expense during the year was $ 41.500.

8 0
2 years ago
In March, stockholders of Herbalife Nutrition approved a 3-for-2 stock split. After the split, how many shares of Herbalife stoc
Anna11 [10]

Answer:

600 shares

Explanation:

If a 3-for-2 stock split will take place, for every 2 stocks that an investor has, he will receive three stocks. So this specific investors who owns 400 stocks will receive:

(400 / 2) x 3 = 200 x 3 = 600 stocks.

After the 3-for-2 stock split, the company will have 50% more stocks outstanding and the price of each stock should be reduced by one third. So the investor shouldn't earn any profit from this split since the market value of the investment should remain about the same (stock prices change daily whether the split takes place or not).  

4 0
2 years ago
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