Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,200 and payment terms of 2/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:
a. $3,038.
b. $6,200.
c. $6,076.
d. $6,324.

Answers

Answer 1

Answer:

c. $6,076

Explanation:

Calculation for what Alison should record the purchase

Purchase=$6,200 ×(100%-2%)

Purchase=$6,200 ×98%

Purchase=$6,076

Therefore if Alison uses the net method to record purchases she should record the purchase at:$6,076


Related Questions

Fitch Ratings a credit rating agency, recently downgraded Vermont's debt rating from AAA to AA, citing the state's economy and changing demographics This change could supood:________.a. Increase the direct costs of the state's debt. b. Increase private investment c. Cause the vote to invest in more securities d. None of these likely to occur

Answers

Answer:

a. Increase the direct costs of the state's debt.

Explanation:

When a bond's rating is downgraded is a signal to the investors that investing in the bond now is riskier than it was prior to the rating downgrade, hence, a perceived higher risk using the risk/return relationship means that the bond issue would have to offer a higher return to entice the investors to invest in the bonds.

As a result, the higher required rate of return translates into a higher direct cost of the state's debt since their interest rate offered has increased

Assume that today's date is February 15, 2015. Robin Hood Inc. bond is an annual-coupon bond. Par value of the bond is $1,000. How much you will pay for the bond if you purchased the bond today?

Company Price Coupon Rate Maturity Date YTM Current Yield Rating
Robin Hood 134.569 5.253 2-15-2040 - - D

Answers

Answer: $1,345.69

Explanation:

The price of the bond today can be calculated by multiplying the Par Value of the bond with the quoted percentage price of the bond today.

Quoted Percentage price = 134.569%

Price of bond = 1,000 * 134.569%

= $1,345.69

A company is experiencing accessibility issues reaching services on a cloud-based system. What monitoring tools should be used to locate possible outages

Answers

A network analyzer is a useful tool, helping you do things like track traffic and malicious usage on the network.

Nellie Raysan’s monthly budget allows her to spend $150 for entertainment. In February she spent $27. How much more or less did she spend than budgeted?

Answers

she spent $123 less

Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the futures price of 0.10773 $/MXN.
a) What is the value of her position at maturity if the ending spot rate is $0.12002/MXN?
b) What is the value of her position at maturity if the ending spot rate is $0.09802/MXN?

Answers

Answer:

500,000 Pesos (MXN) is the June Futures Contract

Number of Contracts Sold = 8

Initial Exchange Rate = 0.10773$ / MXN

Initial Position Value = 8 x 500000 x 0.10773

Initial Position Value = $430,920

i. Final Exchange Rate = $0.12002 / MXN

Final Position Value = 8 x 500000 x 0.12002 = $480,080

Net Position Value = 430920 - 480080 = - $49,160

ii. Final Exchange Rate = $0.09802 / MXN

Final Position Value = 8 x 500000 x 0.09802 = $392,080

Net Position Value = 430920 - 392080 = $3,884

Economies of scale occur when a firm's long-run average total cost curve is ___________________. a. upward sloping.b. vertical.c. downward sloping.d. horizontal.

Answers

Answer:

The correct answer is the option C: Downward sloping.

Explanation:

To begin with, the concept known as "Economies of Scale" is a vary famously term in the microeconomics theory due to the fact that it refers to the particular situation that a company achieves when their costs are at the lowest possible point in the long run becuase of the great volumen in production that the organization is starting to handle so that means that the more they start to produce the less the amount that the company will have to spend in the costs. Therefore that the curve in the graphic will be downward sloping due to the decrease of the prices in the costs implicating the amount that the company is handling.

A partnership has the following balance sheet prior to liquidation (partners’ profit and loss ratios are in parentheses):Cash $ 33,000 Liabilities $ 50,000Other assets 100,000 Playa, capital (40%) 24,000Bahia, capital (30%) 29,000Arco, capital (30%) 30,000Total $ 133,000 Total $ 133,000During liquidation, other assets are sold for $80,000, liabilities are paid in full, and $15,000 in liquidation expenses are paid. What amount of cash does each partner receive as a result of this liquidation?Multiple ChoicePlaya, $16,000; Bahia, $23,000; Arco, $24,000.Playa, $19,200; Bahia, $14,400; Arco, $14,400.Playa, $6,000; Bahia, $4,500; Arco, $4,500.Playa, $10,000; Bahia, $18,500; Arco, $19,500.

Answers

Answer:

Playa, $10,000; Bahia, $18,500; Arco, $19,500.

Explanation:

Cash $33,000

Other assets $100,000

Total $133,000

Liabilities $50,000

Playa, capital (40%) $24,000

Bahia, capital (30%) $29,000

Arco, capital (30%) $30,000

Total $133,000

other assets sold for $80,000 resulting in a $20,000 loss

cash = $33,000 + $80,000 = $113,000

- liabilities ($50,000)

$63,000

- liquidation expenses ($15,000)

remaining cash $48,000

total loss = $20,000 + $15,000 = $35,000

partners' share of loss:

Playa = $14,000

Bahia = $10,500

Arco = $10,500

remaining capital accounts:

Playa = $24,000 - $14,000 = $10,000

Bahia = $29,000 - $10,500 = $18,500

Arco = $30,000 - $10,500 = $19,500

The current carrying value of Marigold’s $811000 face value bonds is $806000. If the bonds are retired at 105, what would be the amount Marigold would pay its bondholders?

Answers

Answer:

$846,300

Explanation:

since the face value of the bonds is $806,000 and they are retired at 105, the company will pay $806,000 x 1.05 = $846,300

the journal entry to record this transaction would be:

Dr Bonds payable 806,000

Dr Premium on bonds payable 5,000

Dr Loss on redemption of bonds 35,300

    Cr Cash 846,300

The purpose of using a balanced scorecard is for:_______.a. companies to keep track of their wins and losses. b. companies to keep track of their assets and their debits. c. companies to get a better understanding of their balance sheet. d. companies to make sure their business activities align with strategy. e. companies to compare themselves with their competitors.

Answers

Answer:

a. companies to keep track of their wins and losses.

Explanation:

Hello I need help with this question

Classify each statement according to whether it will increase the equilibrium level of human capital investments or decrease the equilibrium level of human capital investments.

Answers

Answer:

Congress votes to double the amount of federally subsidized student loans - this will increase the equilibrium level of human capital investments because higher education is one of the most effective ways that people can use to increase their human capital.

There is a decrease in student learning capacities - decrease the equilibrium level of human capital investments because a lower learning capacity will prevent students from reaching their full potential.

Suburban families see a decrease in wealth due to a particularly poor performing sotck market - decrease because suburban families will have less income and wealth to spend, including expenditures in education and training.

The president signs into a law a bill that will reduce discrimination in the labor market - increase because workers that were previously kept from finding employment due to discrimination will now be able to obtain jobs and acquire working experience, this increases their human capital.

The natural talents and abilities of graduating high school students rise - increase because high school graduates have become more naturally skilled and this will help them through college and in their future jobs.

From the list of universality skills,gey the aspects which you think you have embody.​

Answers

Answer:

i didn't got ur question..

Oxford university I’m not sure

Please can help me !!!!

Answers

Answer:

IDK

Explanation:

I just want the points

When evaluating an investment, the MNC should consider the ____________ cash flows generated by the project.

a. total
b. variable
c. incremental
d. fixed

Answers

Answer: c. Incremental

Explanation:

Simply put incremental cashflow is the additional cashflow that accrues to a company when it takes on a new project. The Multinational company should therefore consider this when they are accepting a project.

If the new project has a positive incremental cashflow, it will add to the cashflows of the company and so should be initiated as opposed to those with negative incremental cashflows.

This type of organization allows for many people to make decisions about the same service or need within the company.

A. Guarded

B. Pseudo-Guarded

C. Centralized

D. Decentralized

Answers

Answer:

D. Decentralized

Explanation:

In a decentralized organizational structure, the top management transfers some of the decision-making to middle and lower levels managers. Individual employees are also empowered to make certain decisions. The overall authority is still with by top-level managers. They make policies that guide the company's decision-making process in the company. However, most decision-making responsibility is delegated to lower-level managers and employees.

Raven Company has a target of earning $71,200 pre-tax income. The contribution margin ratio is 16%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $38,400

Answers

Answer:

$685,000  

Explanation:

First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:

contribution margin ratio=contibution margin/sales revenue

contribution margin ratio=16%

contribution margin required=pretax income+fixed costs

contribution margin required=$71,200+$38,400=$109,600  

16%=$109,600/sales revenue

16%*sales revenue=$109,600

sales revenue=$109,600/16%

sales revenue=$685,000  

Summarize how you are feeling about your progress in this course.
State what your expectations are from me going forward.

Answers

Answer:

The definition becomes outlined throughout the clarification subsection according to the particular circumstance.

Explanation:

I gained a lot of knowledge mostly during courses on how computer networks work. So what were the fundamental things that drive methodologies? Everything just feels nice because according to a certain design, we were also tasked with making our same algorithms, especially considering that the running time would be much less. I want the assignment to concentrate a little bit on professionals so that we can understand how well these algorithms work in practice experiences.

Use the graph to answer the following:
As the supply shifts from $1 to S2, what can be inferred about the quantity demanded?
es =)
A)
The quantity demanded will increase.
B)
The quantity demanded will decrease.
0)
The quantity demanded will not be affected.
D)
The quantity demanded can not be determined.

Answers

Answer: I assume C

Explanation: Supply curve is the supplier’s willingness and ability to supply whereas demand is to do with consumers. So a change in supply affects the supplier not the consumer, so really Quantity supplied should change, not quantity demanded.

What is the minimum nominal rate of return that you should accept if you require a 4% real rate of return and the rate of inflation is expected to average 3.5% during the investment period

Answers

Answer:

7.5%

Explanation:

real interest rate = nominal interest rate - inflation rate

nominal interest rate = real interest rate + inflation rate = 4% + 3.5% = 7.5%

inflation rate refers to the general increase in the price level while the real rate of return is the rate that investors seek after discounting inflation, i.e. the real gain of taking an investment.

4. When the actual price of a good is above its equilibrium market price, competition
among

A. buyers will force the actual price upward.
B. sellers will force the actual price upward.
C. sellers will force the actual price downward.
D. buyers will force the actual price downward.
E none of the above.

Answers

Answer:

C.

Explanation:

Because naturally within a market the equilibrium price is trying to be reached, (besides price ceilings and floors imposed by the government), Sellers will naturally push the price downwards because they must compete with each other to make a living. Thus answer C. is correct.

If the risk free rate is 4 %, the expected return on the market portfolio is 12% and the beta of Stock B is 0.9 , what is the required rate of return for Stock B according to the Capital Asset Pricing Model (CAPM)?

Answers

Answer:

172.8%

Explanation:

The risk free rate is 4%

The expected return on the market portfolio is 12%

The beta is 0.9

Therefore the required rate of return can be calculated as follows

= 4 × 0.9(12×4)

= 4 × 0.9(48)

= 4 × 43.2

= 172.8%

Hence the required rate of return is 172.8%

When the economy is in a recession, the government will want to increase output. If the multiplier equals 2.9 and the government increases spending by 331, how much will output by 331, how much will output increase by?

Answers

Answer:

Usando el mapa esquemático, identifica las tres provincias geomórficas de

leyenda

Increasing at a rate of %.593

Right Hand inc.'s company structure is designed to provide focus to each distinct industry the company serves. This is an example of a __ structure.

Answers

Answer:

Product

Explanation:

The product structure is a structure that gives an overview of the product to the customers and according to the customer needs and wants the product could be customized. Also the company have to see the customer taste and preferences and modify there products from time to time so that the company could able to accomplish its sales target

Here in the question, the company focused on each and every different industry that the company serves

So this represents the product structure

In 2020, Bargain Shop reported net income of $5.7 billion, net sales of $175 billion, and average total assets of $75 billion. What is Bargain shop's return on total assets?

Answers

Answer:

7.6%

Explanation:

With regards to the above, the return on total assets is calculated as;

Return on total assets = Net income ÷ Average total assets.

Given that;

Net income = $5.7 billion

Average total assets = $75 billion.

Therefore,

Return on total assets = $5.7 billion ÷ $75 billion

Return on total assets = 7.6%

Bargain's shop return on total assets is 7.6%

To this day, many companies believe that service is a cost rather than a revenue producer. Why might they hold this view? How would you argue the opposite view?

Answers

Answer: Difficulty involved in tracing the link between service and financial returns.

Explanation:

Many companies believe that service is a cost rather than a revenue producer due to the following reasons;

- There is this difficulty in tracing the link between service and financial returns.

- Profits are not directly linked to service provided most times, so it seems as though the service rendered was a cost rather than a revenue

- When service is rendeded most times, the results are not seen immediately, as it would require time to get tvalue and profit for what was done.

Jackie is considering obtaining a mortgage of $333,000.A lower APR is available,but she must pay 1.75 points to buy the rate down.How much must Jackie pay in dollars?
A) $1,357
B) $3,300
C) $5,828
D) $8,333

Answers

The Answer is: C) 5,828

Charlotte's Crochet Shoppe has 10,700 shares of common stock outstanding at a price per share of $63 and a rate of return of 11.13 percent. The company also has 320 bonds outstanding, with a par value of $1,000 per bond. The pretax cost of debt is 5.89 percent and the bonds sell for 93.6 percent of par. What is the firm's WACC if the tax rate is 40 percent?

a. 8.79%
b. 8.49%
c. 9.93%
d. 8.33%
e. 9.52%

Answers

Answer:

a. 8.79%

Explanation:

WACC = Weight of debt * Pretax cost * (1 - Tax) + Weight of Equity * Cost of Equity

Value of Equity = 10,700 * $63 = $674,100

Value of debt = 320 * $1000 * 93.6% = $299,520

Weight of Debt = $299,520/($299,520 + $674,000) = 30.76%

Weight of Equity = $674,000/($299,520 + $674,000) = 69.24%

WACC = 30.76% * 5.89% * (1 - 40%) + 69.24% * 11.13%

WACC = 30.76% * 5.89% * 0.60 +  69.24% * 11.13%

WACC = 0.010870584 + 0.07706412

WACC = 0.087934704

WACC = 8.79%

The price of TSC stock will be either $42 or $46 at the end of the year. Currently, T-bills yield 4.1 percent and TSC sells for $43 a share. What is the per share value of a one-year TSC call option if the exercise price is $45 per share?

a. $1.03
b. $.66
c. $.72
d. $.81
e. $0

Answers

Answer:

b. $.66

Explanation:

The computation of the per share value for the one year is

Given that

Current Price = $43

Possible Prices = $42 and $46

Now

u = [($46 - $43) ÷ $43] + 1

= 1.06977

And

d = 1 - [($42 - $43) ÷ $43]

= 0.9767

And,

Risk-Free Rate = T-Bill Rate = Rf = 4.1 %

Now the up move price probability is

= [(1 + Rf) - d] ÷ [u - d]

= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]

= 0.69088

And,  

Exercise Price = $ 45

Now

If the Price is $42, so Payoff = $0

And

if the Price is $46, so Payoff =is

= ($46 - $45)

= $1

Finally the call price is

= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041

= $0.66367

= $0.66

In a perfectly competitive market, state the condition (clearly) that causes firms to enter the market? When does the entry and exit of firms from the perfectly competitive industry end? (micro economic question)....write it in your own words :)

Answers

Ok so, the condition that causes firms to enter the market is when firms are making Super Normal Profit. This is when Average Total cost curve is under the MR=D=AR=P line. So firms outside the market are attracted to the SNP being made, and the profits get competed out until normal profit is being made. That’s when ATC is equal to MR=D=AR=P line. If more people enter the market, that’s when a loss is being made.

Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $271,400.

Answers

Answer: Savings on taxes of -$50,008‬

Explanation:

Book Value = $450,000

Selling Price = $271,400

Book Value is more than selling price so there is a Capital loss.

Capital gains tax will therefore become a tax saving of;

= 28% * (271,400 - 450,000)

= ‭-$50,008‬

Downing Company issues $4,000,000, 8%, 5-year bonds dated January 1, 2020 on January 1, 2020 (ten periods). The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue?

Answers

Answer:

$4,525,123.84

Explanation:

The computation of the proceeds from the issuance of the bond is shown below:

Given that

Face Value of Bonds = $4,000,000

Annual Coupon Rate = 8%

So, Semiannual Coupon Rate = 4%

So, Semiannual Coupon = 4% × $4,000,000

= $160,000

Time to Maturity = 5 years

So, Semiannual Period = 10

And,

Annual Interest Rate = 5%

So, Semiannual Interest Rate = 2.5%

Now the proceeds from the issuance of the bond is

= $160,0000 × PVIFA(2.5%, 10) + $4,000,000 × PVIF(2.5%, 10)

= $160,000 × 8.752064  + $4,000,000 × 0.78120

= $1,400,330.23  + $3,124,793.61

= $4,525,123.84

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