Business

Mindy still owes $25,000 on her home loan. However, she called her loan provider and they informed her that if she were to pay her home loan off today, she would pay $18,500 because she wouldnt have to pay interest for the remainder of the loan. What amount should be recorded in the liabilities section of her Statement of Financial Position?
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Which of the following statements are true of an installment loan?1) the term is much longer than other loans2) lower interest rates are charged to borrowers3) is technically an unsecured loan4) has a fixed number of payments in equal amounts
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Solomon has a balance of $4,000 on his credit card account, which has a minimum payment requirement of 4 percent. What is the minimum payment on his accoun
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How do plants obtain the water required for photosynthesis?
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Sandhill Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,500 Allowance for Doubtful Accounts $3,970 Sales Revenue (all on credit) 838,100 Sales Returns and Allowances 50,780 Prepare the journal entry to record bad debt expense assuming Sandhill Company estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable but Allowance for Doubtful Accounts had a $1,630 debit balance. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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Question 5 of 10When should a writer establish common ground before the bottom-linestatement?A. When the report does not have an executive summaryO B. When the document is minutes of a meeting C. When the reader may disagree with the bottom-line statementO D. When the details are arranged in order of importanceSUBMIT
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Kally goes to the grocery store each week looking to purchase items that will give her as much utility as possible, given her $100 budget. Last week apples were priced at $4.50 each, and Kally purchased 3 apples. This week apples are on sale for $2.50 each, while all other prices have remained the same, and Kally chooses to purchase 7 apples. Given this information, plot Kally's demand curve for apples.
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Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown below. End-of-the-month adjustments must account for the following items: Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, is $1,600. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. Rent of $2,100 expired during the month. Depreciation is computed using the straight-line method. The equipment has an estimated useful life of 10 years with no salvage value. Required: Complete the worksheet for the month. Prepare an income statement, statement of owners equity, and balance sheet. No additional investments were made by the owner during the month. Journalize and post the adjusting entries. Analyze: If the adjusting entries had not been made for the month, would net income be overstated or understated?
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Below are the transactions for Ute Sewing Shop for March, the first month of operations. March 1 Issue common stock in exchange for cash of $1,400. March 3 Purchase sewing equipment by signing a note with the local bank, $1,100. March 5 Pay rent of $440 for March. March 7 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $640. Martha is not required to pay for the alterations until the work is complete. March 12 Purchase sewing supplies for $114 on account. This material will be used to provide services to customers. March 15 Ute delivers altered dresses to Martha and receives $640. March 19 Ute agrees to alter 10 business suits for Bob, who has lost a significant amount of weight recently. Ute receives $540 from Bob and promises the suits to be completed by March 25. March 25 Ute delivers 10 altered business suits to Bob. March 30 Pay utilities of $79 for the current period. March 31 Pay dividends of $70 to stockholders.1. Record each transaction. 2. Post each transaction to the appropriate T-accounts. 3. Calculate the balance of each account at March 31. 4. Prepare a trial balance as of March 31. Ute uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Deferred Revenue, Notes Payable, Common Stock, Dividends, Service Revenue, Rent Expense, and Utilities Expense.
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The mythical Three Floyds Brewery in Munster, Indiana makes a beer called Zombie Dust, which it sells in large bottles to pubs and stores in the Midwest. The setup cost of brewing and bottling a batch of beer is $1,800 per setup. The holding cost of storing a bottle of beer is $2.50 per year. The annual demand for Zombie Dust is 20,000 bottles. Three Floyds Brewery can brew and bottle beer at the rate of 400 bottles per day. The brewery operates 250 days per year and currently produces Zombie Dust in batches of 10,000 bottles.a. What is the annual holding and setup cost of their current production schedule?b. What is the economic production quantity (EPQ)?c. What is the cost difference between the current production schedule and the EPQ?
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Giving brainliest!!Explain which method of production is the most likely to be capital intensive?
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define liquidity economics.
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Among the ethical and social challenges facing operations managers are a. honoring community commitments b. maintaining a clean environment c. developing safe quality products d. providing a safe workplace e. all of the above
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Tariffs may raise the price that foreign customers must pay for goods produced in the United States, negatively impacting a U.S. firm's ability to be pricecompetitive in those markets.True or False(Will give branliest)
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On December 31, 2017, Extreme Fitness has adjusted balances of $980,000 in Accounts Receivable and $91,000 in Allowance for Doubtful Accounts. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $28,000. What amount would the company report as its net accounts receivable on December 31, 2017
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Abbot Inc. is considering the following investment opportunities. Required Compute the future value under each of the investment options. Round interest rate percentages to two decimal places in your calculations (for example, enter .0063 for .6333333%). Round final answer to the nearest whole dollar (for example, enter final answer 2,556 for 2,555.5678). Do not use a negative sign with your answers. Annual Interest Term Future Investment Compounding Rate Cost (Years) Value Investment A Semiannually 6% $50,000 5 $ 67,196 Investment B Quarterly 8% 60,000 10 132,482 Investment C Monthly 10% 40,000 8 88,727 X Investment D Monthly 5% 80,000 10 131,761 x
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The following costs related to Wintertime Company for a relevant range of up to 20,000 units annually: Variable Costs: Direct materials $2.50 Direct labor 0.75 Manufacturing Overhead 1.25 Selling and administrative 1.50 Fixed Costs: Manufacturing overhead $10,000 Selling and Administrative 5,000 The selling price per unit of product is $15.00. At a sales volume of 15,000 units, what is the total profit for Wintertime Company
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Match the term with the correct description.Free MarketFixed MarketThe government increased involvement in the economy.The government scales back involvement in the economy.
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Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $500 per month plus $76 per job plus $14 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in June to be 17 jobs and 147 meals, but the actual activity was 13 jobs and 144 meals. The actual cost for catering supplies in June was $3,340. The catering supplies in the planning budget for June would be closest to:
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Net worth is the amount you have,plus the amount you owe.
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true or false. the demand curve for the product of a monopolist is the same as the demand curve for the industry.
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Assume the single-factor model is applied to a security that has a negative factor beta. The security will: A) always have a positive rate of return. B) have an expected return greater than the risk-free rate. C) have an actual return that equals the risk-free rate. D) have an expected return equal to the market rate of return. E) have an actual rate of return that can be positive, negative, or zero.
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common lit capataliasmn-Which phrase best describes the relarionship between workers and bussiness owners in capatalists cociety
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Porter Plumbing's stock had a required return of 10.50% last year, when the risk-free rate was 5.50% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused the market risk premium to rise by 2%. The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return? (Hint: First calculate the beta, then find the required return.) Select the correct answer. a. 12.61% b. 11.71% c. 12.01% d. 12.31% e. 12.91%
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