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zzz [600]
2 years ago
6

Rob is a CPA who works out of an office in his home. His business is named "Friendly Accounting Services." Eventually Rob would

like to grow his business to include partners and bookkeepers. We would classify Rob as ________.
Business
1 answer:
Dmitry_Shevchenko [17]2 years ago
4 0

Answer:

entrepreneur

Explanation:

Rob can be classified as an entrepreneur.

Reason :The reason behind this is  that he takes a shot at his very own and is planning to develop and procure individuals who can work for him. He is likewise ready to have accomplices which implies he is considering extending the business.

These all are the qualities of an entrepreneur i.e. thinking of doing something on their own

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Environmental recovery company RexChem Part- ners plans to finance a site reclamation project that will require a 4-year cleanup
kvv77 [185]

Complete question Text:

Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. The company will borrow $1.8 million now to finance the project. How much will the company have to receive in annual payments for 4 years, provided it will also receive a final lump sum payment after 4 years in the amount of $800,000? The MARR is 10% per year on its investment

Answer:

<em>We are going to receive annual payment of $395,471</em>

Explanation:

We solve for the present value of the lump-sum today:

PRESENT VALUE OF LUMP SUM

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  800,000.00

time   4.00

rate  0.1

\frac{800000}{(1 + 0.1)^{4} } = PV  

PV   546,410.76

Now, we deduct this fromthe 1,800,000 loan:

1,800,000 - 546,410.76 = 1,253,589.24

this value will be the amount the yearly installment will ghave to pay.

<u><em>Installment of a present annuity </em></u>

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  1,253,589.24 €

time 4

rate 0.1

1253589.24 \div \frac{1-(1+0.1)^{-4} }{0.1} = C\\

C  $ 395,470.805

8 0
2 years ago
Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds
slamgirl [31]

Answer:

The correct answer is letter "A": Ethical leadership.

Explanation:

Ethical leadership is the set of managerial practices that executives use to give an example to their subordinates and promote good values among the organization. This is typically achieved by promoting fair treatment among workers and social awareness with the external environment of the firm.

In the example, <em>Theo Chocolate started to follow the International Maritime Organization (IMO) standards that promote the safety and security of international shipping and forbid marine pollution from ships</em>.

8 0
2 years ago
On march 15, morgan corporation paid $1,000 to buy a one-year insurance policy that will expire exactly one year after the date
shtirl [24]
Yes. It will only affect the asset portion of the company's balance sheet.

When the company buys the one-year insurance policy, the journal entries will be:
                
                                                  Debit            Credit
Prepaid insurance                     1,000
              Cash                                                 1,000

When the insurance expires after a year, the journal entries will be:
Insurance Expense                   1,000
               Prepaid Insurance                            1,000

Note:
Prepaid Insurance and Cash are both found in the assets section of the balance sheet.
Insurance Expense is found in the Income statement of the company and not in the balance sheet.
3 0
2 years ago
Aggregation in sales and operations planning is by groups of customers on the supply side and by product families on the demand
Rus_ich [418]

Answer:

False

Explanation:

It is the opposite case in terms of demand and supply

4 0
2 years ago
Read 2 more answers
Robert Wilkins has prepared the following list of statements about process cost accounting. Identify each statement as true or f
Alex17521 [72]

Answer:

Identification of True or False Statements:

1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion.

A. True

2. A process cost system is used when each finished unit is indistinguishable from another.

A. True

3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting.

A. True

4. In a process cost system, costs are tracked by individual jobs.select between

False

5.Job order costing and process costing track different manufacturing cost elements.

B. False

6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead.

A. True

7. Costs flow through the accounts in the same basic way for both job order costing and process costing.

A. True

8. In a process cost system, only one work in process account is used.

A. True

9. In a process cost system, costs are summarized in a job cost sheet.

B. False

10. In a process cost system, the unit cost is total manufacturing costs for the period divided by the equivalent units produced during the period.

A. True

Explanation:

A process costing system is a method of collecting and assigning manufacturing costs to the units produced.  It is used by companies that produce similar or identical units of product in batches employing a consistent process. The unit cost is arrived at by averaging units produced to the total cost of the process.

5 0
2 years ago
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