Answer: $220 of revenue, $440 of deferred revenue
Explanation:
Based on the information in the question, revenue will be recognised for the months of June and july which will be:
= 2/6 × $660
= $220
Deferred revenue will be:
= $660 - $220
= $440
Therefore, As of August 1st, Choplet’s accounting records would indicate $220 of revenue, $440 of deferred revenue.
Answer:
The amount of effective interest expense that chaco will record in the first six months is $14,375
Explanation:
interest payment that will be first made is on June 30, Year 1. Therefore, the outstanding balance used in the calculation is the issue price.
The interest expense is calculated by these formula
Interest expense = Effective semiannual interest rate × Outstanding balance
Interest expense = (8% ÷ 2) × $359,378 = $14,375
So the interest expense is gotten as %14,375
The Chaco Company will record an effective interest expense of $14,375.12 for the six months ended June 30, Year 1.
The effective interest method is a technique used for discounting bonds. This method is used to calculate the amount of interest expense for a specific time period. In this case, we are finding the effective interest for the six months ended June 30, Year 1 on a bond issued by the Chaco Company.
The formula for the effective interest method is: Book value of the bond at the beginning of the period X Yield rate/Number of periods per year.
The book value of the bond at the beginning of the time period (January 1, Year 1) was $359,378. The yield was 8% and there are two periods in the year because the interest is paid semiannually.
So, the effective interest for the six months ended June 30, Year 1 = $359,378 * 8%/2 = $14,375.12.
Therefore, the amount of effective interest expense that Chaco will record for the six months ended June 30, Year 1 is $14,375.12.
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Answer:
Total= $34,000
Explanation:
Giving the following information:
West Units produced and sold 31,000 units
Selling price per unit $ 6
Variable costs per unit 2
Direct fixed cost 49,000
Common fixed cost 41,000
Segment margin:
Sales= 186,000
Variable costs= 62,000
Direct fixed costs= 49000
Common fixed costs= 41000
Total= $34,000
1. I am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.
A) We need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.
B) We have identified a problem with our expense sheet, but we will solve it.
C) I am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.
Answer:
The best revision for the following sentence is:
B) We have identified a problem with our expense sheet, but we will solve it.
Explanation:
In e-mail, letters, messages, memos, and other business documents intended for a busy audience who appreciates getting the information they need quickly and easily, replacing a phrases with a word in a formal tone, detracting from adding meaning: "we have identified" instead of: "I am sending" or "we need to inform you", keeping the sentence just as it is with certain rhythm and concise.
Otherwise in option 1. I am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.
The sentence has a redundant pair: "send" and "inform", it is “wordy,” and includes irrelevant “fillers” as "unexpected" that makes it lack of conciseness in the substantive information, not getting to the point promptly. I also includes passive voice which is not a grammatical error, but it often leads to using more words than necessary frustrating or confusing the audience; and it has prepositional phrases overuse: "that", within", "but" making this sentence clunky and unclear.
In option A) We need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.
The sentence has unnecessary modifiers: "unexpected" and "end", and passive voice again.
In option C) I am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.
The sentence has unnecessary modifier: "positively".
Answer:
Operating Activity
Explanation:
The Indirect method, reconciles the Operating Profit to the Operating Cash Flow by adjusting the following items (1) Non Cash flow items previously added or deducted from Operating Profit and (2) Changes in Working Capital items.
Amortization of bond premium is an item of non-cash flow that was previously deducted from Operating Profit and needs to be added back.
1. yes it is a competitive market because it meets all the assumptions of being a competitive market
2. no because there is no free entry in the market
3. no because there are only limited sellers in the market
4. no because the product is not homogeneous.
Explanation:
Competitive market is a kind of market which has in it various sellers involved who are selling the same kind of product that is the product in the competitive market is homogeneous in nature.
The entry and the exit of the sellers in this kind of market is not restricted and they are allowed to have free entry and exit in the market. The number of sellers is also large.
Answer:
The correct answer is letter "C": there is some government influence over the workings of the free market.
Explanation:
A mixed economic system combines aspects of capitalism and socialism. A mixed economy is designed to drive economic activity through capitalists ventures while money is collected via taxation to maintain a nation's infrastructure and offer public services such as primary education, social welfare policies, and health insurance. It is said mixed economies have a free market but the government puts hands on it to provoke the free-market atmosphere.