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1 year ago

Which of the following is a start-up expense for Maria's food truck?

1 answer:

6 0

Even though you didn't list any options, your first expense is to do repairs on inside equipment to follow your state's code for starting a business. make sure everything works correctly, then licencing,...

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Thunder Roads Enterprises makes the following information available:

d1i1m1o1n [39]

Answer:

a. 30,000 units

Explanation:

Please see attachement

8 0

2 years ago

Mart's Boutique has sales of $820,000 and costs of $540,000. Interest expense is $36,000 and depreciation is $59,000. The tax ra

Rufina [12.5K]

Answer:

$146,150.00

Explanation:

Net income is net of taxes.

Here,

Sales = $820,000.00

Less: Costs = -$540,000.00

Gross profit = $280,000.00

Less: Finance Costs

Interest = -$36,000.00

Depreciation = -$59,000.00

Net profit before Tax = $185,000.00

Less: Tax @ 21% of $185,000.00 = - $38,850.00

Net Income (after tax) = $146,150

Net income is always computed after tax.

$146,150.00

3 0

1 year ago

Holthausen Corporation issued $400,000 of 11%, 20-year bonds at 108 on January 1, 2013. Interest is payable semiannually on June

lora16 [44]

Answer:

Journal Entries

Explanation:

The journal entries are as follows

1. Cash $432,000

To Bonds payable $400,000

To Premium on bond payable $32,000

(Being the issuance of the bond is recorded)

The premium on bond payable is computed below:

= $400,000 ÷ $100 × $8

= $32,000

The $8 comes from $108 - $100

2. Bond payable $400,000

Premium on bond payable $27,809

To Cash $412,000 ($400,000 × 103%)

To Gain on bond redemption $15,809 ($432,000 - $4,191 - $412,000)

(Being the retirement of the bond is recorded)

3 0

2 years ago

The Inferior Goods Co. stock is expected to earn 13% in a recession, 7% in a normal economy, and lose 6% in a booming economy. T

Natalka [10]

Answer:

Ans. The expected rate of return on the Inferior Goods Co. stock is 5.90%

Explanation:

Hi, you just have to multiply the expected earnings by the probability of occurance of a certain event and then add up all the products. Here is the information all organized to be processed.

Item Prob Earn

Booming 20% -6%

Normal 55% 7%

Recession 25% 13%

Ok, now let´s calculate the expected rate of return.

$ExpectedReturn=(0.2*(-0.06))+(0.55*0.07)+(0.25*0.13)$

$ExpectedReturn=-0.012+0.039+0.033=0.059$

So the expected rate of return of the stock is 5.90%

Best of luck.

8 0

1 year ago

Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly

Alina [70]

Answer:

A reverse mortgage

Explanation:

A reverse mortgage is a loan type available to senior citizens above the age of 62. This loan type allows the elderly to convert part of their home equity into cash without selling the house. Once a bank value home, it offers the loan against the home value. The loan amount is dispersed as a lump sum or fixed monthly payments. The elderly do not have to pay back the loan. The bank recover its money upon death or relocation.

Maury should get a reverse mortgage loan. He won't have to repay the loan but will be getting monthly payments to support Bev's care.

7 0

2 years ago