How can injections affect an economy? Check all that apply.

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busin

EleoNora [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Budgeted sales in September = $260,000

Budgeted sales in October = $375,000

Budgeted sales in November = $400,000

Percent of merchandise sells for cash = 30%

Percent of merchandise sells on account = 70%

Out of the credit sales,

80% are expected to be collected in the month of the sale.

20% in the month following the sale.

Therefore, the cash collections in September from accounts receivable will include only 80% of the credit sales in September as Nuthatch corporations starts its operation on September 1, hence there will be no sales in August.

Cash Collections From Accounts Receivables;

= 80% of the credit sales in September

= 0.8 × (70% × $260,000)

= 0.8 × $182,000

= $145,600

5 0

1 year ago

Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73

mihalych1998 [28]

Answer:

annual rate of interest = 9.01 %

Explanation:

given data

future value = $345,000

present value = $73,000

time period = 18 years

to find out

annual rate of interest

solution

we get here annual rate of interest that is express as

annual rate of interest = $(\frac{future\ value}{present\ value})^{\frac{1}{t} }$ - 1 ..................................1

put here value and we get annual rate of interest that is

annual rate of interest = $(\frac{345000}{73000})^{\frac{1}{18} }$ - 1

annual rate of interest = 9.01 %

7 0

2 years ago

On January 1, 2019, Plenty of Oil, Inc. purchased an oil field that is estimated to have 20 comma 000 comma 000 barrels of oil

AysviL [449]

Answer:

$65,200,000.

Explanation:

We know,

Depreciation expense rate under unit-of-activity method = (Total cost of the asset - Residual value) ÷ Estimated usage

Therefore, Depreciation expense rate = ($80,000,000 - 0) ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $80,000,000 ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $4 per barrel.

As the company used 1,800,000 barrels during 2019, the depreciation expense for 2019 = 1,800,000 × $4 = $72,000,000

For 2020, the depreciation expenses = 1,900,000 × $4 = $76,000,000

Therefore, accumulated depreciation after December 31, 2020 = $72,000,000 + $76,000,000 = $14,800,000.

Therefore, book value reported on the balance sheet as of December 31, 2020 = $80,000,000 - $14,800,000 = $65,200,000.

3 0

2 years ago

Spaniards can produce 10 gallons of wine or 8 gallons of olive oil per worker hour. Americans can produce 9 gallons of wine or 6

Drupady [299]

Answer:

a. Americans, Spanish

Explanation:

<u>Particulars Wine Olive Oil Opportunity Opportunity cost of Olive oil</u>

Spaniards 10 8 0.8 1.25

Americans 9 6 0.67 1.5

From the above table, the first option is correct

3 0

1 year ago

g On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 11% bonds with a book value of $966,500. The indenture s

pentagon [3]

Answer:

The loss on early extinguishment is $8677.5

Explanation:

First of all,one needs to compute the carrying value of the bond as at the date of the call in order to determine the loss on early redemption.

carrying value =book value+interest expense-coupon payment

book value is $966,500

interest expense=$966,500*13%*6/12=$62,822.50

coupon payment=$1000,000*11%*6/12=$55,000

carrying value=$966,500+$62,822.50-$55,000=$ 974,322.50

Loss on redemption =call price -carrying value of the bond

call price is $983,000

loss on early redemption=$983,000-$974,322.50 =$8,677.5

4 0

1 year ago