Answer: Please see answer in explanation column
Explanation:
a) Due date = April 22+90 days = July 21
b) Maturity value = 96,000+(96,000*6%*90/360) = $97,440
c1) Journal entry for receipt of note by Bork Furniture
journal Debit Credit
Notes receivable $96,000
Account receivable $96,000
C2) Journal entry to record receipt of payment at maturity
journal Debit Credit
Cash $97,440
Notes receivable $96,000
Interest revenue $1,440 (97,440-96,000)
Answer:
True
Explanation:
Personally identifiable information (PII) is generally considered sensitive information, but not always. It depends on the context and how the information is used. PII is considered sensitive if i can be used to identify, locate or contact and individual and put him/her in danger.
E.g. Social security number , contact information, bank account information, medical information, employment information, student ID, date of birth, parent names, etc.
Answer:
Amount dollars
Explanation:
Given
principal amount per month
Total time period years months
Monthly rate of interest
As we know that
Where A is the amount
P is the principal amount
r is the rate of interest
n is the number of times interest applied over the total time period
t is the total time period
Substituting the given values in above equation, we get -
The payments of $190 per month for 4 years that your parents are giving you at the start of college, assuming an interest rate of .45 percent per month, are worth $7484.86.
The subject of this question is about calculating the present value of an annuity. The formula to calculate the present value of an annuity is PV = PMT * [(1 - (1 + r)^-n) / r], where PV is the present value, PMT is the monthly payment, r is the monthly interest rate, and n is the number of periods. Here PMT = $190, r = .45/100 = .0045, and n = 4 * 12 = 48 months.
Substituting the values into the formula, we get PV = 190 * [(1 - (1 + .0045)^-48)/.0045]. Then, performing the calculations, we get the present value PV = $7,484.86. Therefore, the payments your parents are providing for the 4 years of college are worth $7484.86 when you first start college assuming an interest rate of .45 percent per month.
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Answer:
Tarrow Corporation
a) Amount of change in millions and the percent of change:
Amount Percentage Direction
of Change of Change of Change
Revenue $30,972 8.7% Increase
Operating expenses 23,634 7.8% Increase
Operating income $7,338 13.8% Increase
b) During the recent year, revenue and operating expenses increased by 8.7% and 7.8% respectively. As a result, the operating income increased by 13.8%, from the prior year.
Explanation:
a) Data and Calculations:
Tarrow Corporation:
Recent Year Prior Year Change Percentage
Revenue $386,972 $356,000 $30,972 8.7% Increase
Operating expenses 326,634 303,000 23,634 7.8% Increase
Operating income $60,338 $53,000 $7,338 13.8% Increase
Answer:
The answer is: 2500 employees
Explanation:
Giving the following information we need to calculate the number of employees:
Total production= 60000
Hours per worker= 160 hours
labor productivity= 0,15
It takes to a single employee= 1/0,15= 6,67 hours to make a heater.
Each worker produces=160/6,67=24 heaters a year.
Now we can calculate the number of workers:
60000/24= 2500 employees
Answer:
Please find attached detailed solution to the above question.
Explanation:
Please as attached detailed solution.
Answer:
Find the attached dividend analysis spreadsheet for Theater Inc.
Explanation:
In analyzing the dividends in the respective years, I first calculated yearly preferred dividends which is $75,000 i.e 25,000*$100*3%
In any year where total dividends declared and paid fell short of $75,000,the entire amount is given as preferred dividends with balance carried over to future years.