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2 years ago

Analyzing the effects of transactions on the accounting equation.

Business

1 answer:

Dmitry [639]2 years ago

8 0

Answer:

I used an excel spreadsheet to record the accounts using the accounting equation.

What is the ending balance of cash after all transactions have been recorded?

$163,900

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In December 2016, Shire Computer’s management establishes the 2017 predetermined overhead rate based on direct labor cost. The i

Oksana_A [137]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $754,000 of overhead costs and $580,000 of direct labor cost.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 754000/580000= $1.3 per direct labor dolar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

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2 years ago

A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat

Lelechka [254]

Answer:

-11.8%

Explanation:

the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:

$price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }$

so in this particular case that one year later there are 29 years to maturity so we have:

$price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }$

$price=553.6638$

so as we have a higher rate the investment has the next return:

$return=\frac{553.66}{627.73} -1$

$return=-11.8\%$

4 0

2 years ago

Which of the following terms refers to the study of how organizations function and how they affect and are affected by the envir

Alborosie

Answer:

d. Organizational environment

Explanation:

Indeed, organizational environmental studies how a particular organization is affected by it's operating environment, and how the organization functions under that environment.

Note also that the organizational environment is further divided into:

- the internal environment and

- the external environment

Put simply, the internal environment consist of factors that affect the organization from within; which are controllable. However, the external environment consist of factors such as political instability, etc that can affect the organization and beyond the control of the organization.

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2 years ago

The Marketing Control Statement is a valuable statement for marketers because it only utilizes costs that the marketer can contr

pishuonlain [190]

Answer: True

Explanation:

The Marketing Control Statement is quite beneficial to marketers as it avoids fixed costs and shows them the variable and programmed costs both of which can be controlled. This enables them to know what they need to and can change in a way that they can come up with an optimal marketing mix to ensure profitability.

It is also a very uncomplicated statement to prepare which further ingratiates it to marketers who would like to avoid all the jargon of income statements.

3 0

2 years ago

Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the a

salantis [7]

Answer:

A. Debit Cash with $200,000, and Credit Liability to Werner Metal Company with $200,000 .

B. Debit interest expense and Liability to Werner Metal Company with $4,000 and $200,000 respectively, Credit cash with $204,000.

Explanation:

A) Prepare the journall entry necessary on March 1, 2014.

Details Dr ($) Cr ($)

Cash 200,000

Liability to Werner Metal Company 200,000

<em>Being cash received from the agreement to sell aluminum ingots in 2 months.</em>

B) Prepare the journal entry for the repurchase of the ingots on May 1, 2014.

Details Dr ($) Cr ($)

Interest expense ($200,000 × 2%) 4,000

Liability to Werner Metal Company 200,000

Cash 204,000

<em>Being settlement of liability with interest for the repurchase of the ingots.</em>

4 0

2 years ago