On January 1, 2021, Norwood borrows $470,000 cash from a bank by signing a five-year installment note bearing 6% interest. The note requires equal payments of $111,575 each year on December 31.

Answers

Answer 1
1. Complete an amortization table for this installment note. 2. Prepare the journal entries in which Norwood records the following: (a) Norwood borrows $470,000 cash by signing a five-year, 6% installment note. (6) Record the first installment payment on December 31, 2021. (c) Record the second installment payment on December 31, 2022. Reg 1 Reg 2 Prepare journal entries to record the note's issuance and each of the first two payments. View transaction list View journal entry worksheet No Date General Journal January 01, 2021 Cash Notes payable Credit Debit 470,000 470,000 2 December 31 2021 Interest expense 4,700 Interest payable 4,700 3 December 31 2022 4,700 Interest payable Interest expense Notes payable Cash 23,500 83,375 111.575

Related Questions

What is the best source of information to use when purchasing a new car?
O Social media posts
O Car salesman on the lot
O Advertisement in a car magazine
O Unpaid reviews on reputable car sites

Answers

unpaid reviews on reputable car sites.

social media spreads lies, car salesman might lie about the car in order to make a sale, and an ad will do the same.

Option D. Unpaid reviews on reputable car sites

What sources of information do you have about cars?

Awards and rankings. There are many awards and many websites publish rankings of vehicles in different categories.

NHTSA or IIHS. These two organizations evaluate the safety of new cars.

Government website.

Understanding how a car works can help you drive more safely, reduce the risk of accidents, and extend the life of your car. For example, if you know how brakes wear over time, you can identify signs of wear early and replace them before increasing the risk of brake failure.

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What is a business opportunity?

Answers

Answer:

A business opportunity, in the simplest terms, is a packaged business investment that allows the buyer to begin a business. (Technically, all franchises are business opportunities, but not all business opportunities are franchises.) Unlike a franchise, however, the business opportunity seller typically exercises no control over the buyer's business operations. In fact, in most business opportunity programs, there's no continuing relationship between the seller and the buyer after the sale is made.
Although business opportunities offer less support than franchises, this could be an advantage for you if you thrive on freedom. Typically, you won't be obligated to follow the strict specifications and detailed program that franchisees must follow. With most business opportunities, you would simply buy a set of equipment or materials, and then you can operate the business any way and under any name you want. There are no ongoing royalties in most cases, and no trademark rights are sold.

Business opportunities are difficult to define because the term means different things to different people.

Answer: A business opportunity is a consumer problem, need, or desire that a business could provide a solution for.

Explanation: Got 100% on it. Have a great day

Joe Corporation produces and sells two products. In the most recent month, Product C90B had sales of $19,950 and variable expenses of $5,985. Product Y45E had sales of $26,190 and variable expenses of $10,476. The fixed expenses of the entire company were $17,000. If the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company:

Answers

Answer:

Decrease

Explanation:

Calculation to determine overall break-even point for the entire company

Contribution margin for C90B = ($19,950-

$5,985)/$19,950

Contribution margin for C90B = 70%

Contribution margin for Y45E =( $26,190- $10,476)/$26,190

Contribution margin for Y45E= 60%

Therefore Based on the above calculation if the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company

Would DECREASE reason been that C90B have more contribution margin ratio of 70% compare to Y45E which had contribution margin ratio of 60%

Kaden purchased 2,000 shares of common stock in Billings Corporation last year. He learned several months later that the stock does not pay a dividend. Kaden should proceed to?
A- hire an attorney and file a lawsuit.
B- hire an attorney and go after the registered representative that brokered the trade.
C- do the proper research before he invests.
D- immediately proceed to sell the shares.

Answers

When investing in common stock, it is important to do your due diligence and research the company you are considering investing in.

Kaden should proceed to?This includes understanding if the company pays dividends and what their financial performance is like.The correct answer is C- do the proper research before he invests. In this case, Kaden learned several months later that the stock does not pay a dividend, which is something he should have known before making the investment. Therefore, the best course of action for Kaden would be to do the proper research before investing in the future to avoid similar situations.Options A and B are not appropriate as there is no evidence that the company or the registered representative acted illegally or in a fraudulent manner. Option D, immediately proceeding to sell the shares, may be a viable option if Kaden feels that the investment is not meeting his expectations, but this should not be done without first evaluating the long-term potential of the stock and considering other options such as holding on to the shares and monitoring the company's performance.

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Anna Roszcko has $1,200 in her savings account. She earns 4.5 percent interest. How much will she earn in 9 months?

Answers

Answer:

$40.5

Explanation:

Interest is calculated using the formula.

I= p x r x t

where I = interest

p= principal amount: $1200

r= interest rate: 4.5% or 0.045

t= time in year. 9 months which is 9/12 or 0.75 years

i =$1200 x 0.045 x 0.75

I =$54 x 0.75

I =$40.5

Interest earned is $40.5

write an auto biological about yourself​

Answers

To write a Bio:

Choose a voice

State your job title

State your philosophy

Share your accomplishments

1. Choose a voice

The first step in writing a short bio is deciding on a voice. For our purposes, choosing a voice involves deciding whether you are writing in the first or third person. Writing in the first person means using the words "I" and "me", while writing in the third person means using your name.

For instance, if you are writing a slightly informal bio for your Twitter profile, first-person would probably be the best fit. However, if you are adding a bio to your company page and all your coworkers used third-person in their paragraphs, you should certainly follow suit. Your voice should accurately represent who you are as a person, so you might also adjust your voice to be more professional, witty, friendly or reserved, depending on your personality.

2. State your name and job title

In the first sentence of your short bio, you will need to give your name and your current job title. For example, your bio might begin with "Sarah Hayes is the Senior Marketing Director for Blooming Street Creative". If you are in the process of finding a job, you can list your most recent title or your college major. This might look something like "My name is John Grayson and I am a recent college graduate with a Bachelor's Degree in Web Design and Development".

3. State your philosophy

After introducing yourself, you may want to relate your personal or professional mission statement. This should answer the question, "Why do you do what you do?". Your personal philosophy may involve serving others, providing for your family or making the most of your opportunities. Your professional philosophy could relate to expanding your expertise, contributing to society or learning new skills. Your philosophy should give your reader an accurate idea of what matters the most to you.

Read more: Core Values: Overview and Examples

4. Share your accomplishments

Writing a short bio is similar to writing a resume in that you will want to highlight your professional accomplishments. However, you will need to describe them in a way that any reader can understand. Instead of describing yourself as a "Carthage award-winning graphic artist," you might write that you are a "multi-talented graphic artist who won the 2019 Carthage Award for artistic excellence and innovation." Even if your reader is not familiar with your specific industry's awards, they will likely respond well to positive keywords like "innovation."

You most likely will not have room to list all past accomplishments, so it is important to choose which ones to highlight. Focus on awards or recognitions that relate to a variety of professional skills or that speak to your proficiency and competence.

Tips for writing a short bio

Here are some tips for how to write a successful short bio:

Be concise

Most short bios are between four and eight sentences long, so you will only have room to discuss a limited amount of personal information. To help you determine which facts are the most relevant, you will need to consider your audience and your primary purpose. If you looking for a new job in the medical field, you will want to list your degrees, credentials and professional skills. If you are a freelancer advertising your services, you might include your years of experience, a description of your style and why you chose to pursue your particular area of expertise.

Be human

One of the most important roles that a short bio plays is humanizing you in the minds of your readers. A well-written short bio will give your reader an accurate impression of who you are, both professionally and personally. Including specific details like descriptions of your family, your hobbies or other passions can help your readers relate to you and understand your motivations.

Be authentic

It is important for your short bio to be an accurate representation of who you are. When writing your bio, be sure to describe your accomplishments honestly, without exaggerating. It is a good idea to highlight your professional strengths but you also want to be able to live up to your promises. Authenticity and sincerity is the best option when writing a short bio.

 

Example 1

“Mary Jones is an Administrative Assistant with eight years of experience working alongside the executive team of a Fortune 500 company. Mary specializes in administrative technology and is responsible for educating other employees on using progressive systems and applications, including accounting software, mass communication procedures and organizational apps. Mary is a powerful force in the workplace and uses her positive attitude and tireless energy to encourage others to work hard and succeed. Mary is inspired daily by her husband and their two daughters. In her free time, Mary likes to hike, crochet and play video games with her grandson."

A cost due to an increase in activity is called?

Answers

Answer:

Marginal benefit is the additional benefit an individual derives from increase in an activity.

Explanation:

Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly and frail and Maury needs to put her into a nursing home where they can give her round-the-clock care. Maury intends to finance this arrangement by getting a loan where the lender makes payments to the homeowner each month, based on accumulated equity. What type of loan does Maury want to get?

Answers

Answer:

Reverse Mortgage Loan

Explanation:

Banks allow older people above the age of 62 to use their home's value to obtain a reverse mortgage loan.  The bank values the home and extends credit facilities to its elderly owners. The loan amount is usually a part of the home's value and is paid as a lump sum or fixed monthly payments.

Maury wants to apply for a reverse mortgage loan. He will use the value of their home to obtain a credit facility to care for Bev. Maury does not need to repay the loan. The bank will recover its money by selling the house once the couple dies or relocates.

Raphael recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. structurally, frictionally, or cyclically?

Answers

The correct response is a. Structural. Recently, Rafael lost his position as a dishwasher. He is qualified for low-skill jobs, but employers aren't adding more of them because of minimum wage laws, so he hasn't been able to obtain employment.

Structural refers to or has an impact on a thing's structure. The structure suffered only minor structural damage from the explosion. Examples of load-bearing constructions include salt domes, anthills, beaver dams, buildings, aeroplanes, and skeletons. The infrastructure of a human society is made up of buildings and non-building structures that are the outcome of construction. Structural words, also known as "function words," indicate how the form class words in a phrase connect to one another. These terms include nouns, adjectives, adverbs, and primary verbs, all of which have distinct meanings. The static equilibrium of a body is the central idea in structural theory.

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f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.

Answers

Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.

A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.

Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.

In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.

Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.

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what is the process of a decline in interest rates impacts the use of capital and economic growth.

Answers

Answer:

Changes in interest rates can have both positive and negative effects on the markets. Central banks often change their target interest rates in response to economic activity: raising rates when the economy is overly strong, and lowering rates when the economy is sluggish. In economics, capital references non-financial assets used in the production of ... used up immediately in the process of production, unlike intermediate goods ... As a term, it is used to define balanced growth where the goal is to improve human capital ... The interest rate directly impacts economic choices.

Explanation:

Hope this helps!!

Calculating initial investment Vastine​ Medical, Inc., is considering replacing its existing computer​ system, which was purchased 2 years ago at a cost of $317,000. The system can be sold today for $191,000. It is being depreciated using MACRS and a​ 5-year recovery period​ (see the table LOADING...​). A new computer system will cost $498,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary income and capital gains. a. Calculate the book value of the existing computer system. b. Calculate the​ after-tax proceeds of its sale for $191,000. c. Calculate the initial investment associated with the replacement project.

Answers

a) The book value of the existing computer system for Vastine Medical, Inc. is $152,160.

b) The after-tax proceeds of the sale of the existing computer system for Vastine Medical, Inc. is $23,304.

c) The initial investment associated with the replacement project is $307,000.

How is the book value of an asset calculated?

The book value of an asset represents the difference between the original cost and the accumulated depreciation.

The accumulated depreciation is the sum of the yearly depreciation expenses for the past periods.

Capital gains or losses arise as the difference between the sales proceeds and the book value of an asset.

Cost of the old computer system = $317,000

Accumulated depreciation after 2 years = $164,840 ($317,000 x 52%)

Book value after 2 years = $152,160 ($317,000 - $164,840)

Sales proceed = $191,000

Capital gains = $38,840 ($191,000 - $152,160)

Capital gains tax = $15,536 ($38,840 x 40%)

After-tax proceeds = $23,304 ($38,840 - $15,536)

Cost of a new computer system = $498,000

Thus, the initial investment for the replacement project is $307,000 ($498,000 - $191,000).

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Question Completion:

MACRS 5-year Declining Method:

Year     Depreciation Rate

1                     20%

2                    32%

3                    19.20%

4                    11.52%

5                    11.52%

6                    5.76%

Treating the amounts of each material available as constraints, formulate a goal programming model to determine the optimal product mix. Assume that both P1 priority level goals are equally important to management. (Let x1 be the number of tons of fuel additive produced, x2 be the number of tons of solvent base produced, dpi be the deviation variable which exceeds the value of goal i, and dni be the deviation variable which is less than the value of goal i, for i = 1, 2.)

Answers

The goal programming model seeks to maximize the sum of the deviations from the two priority level goals.

What is goal programming model seeks?

Goal programming is a type of mathematical optimization technique that is used to optimize a set of goals or objectives. It is especially useful in situations where multiple objectives are present, as it allows a decision maker to optimize the objectives while taking into account the interactions between them.

Goal Programming Model:

Maximize z = 0.5(dP1 + dP2)

Subject to:

x1 + x2 ≤ 100 (amount of material available)

x1 ≥ 10 (amount of fuel additive required)

x2 ≥ 10 (amount of solvent base required)

dP1 ≥ (x1 + 2x2) - 160 (priority level 1 goal; profit)

dP2 ≥ (x1-x2) - 20 (priority level 2 goal; quality)

dN1 ≤ 160 - (x1 + 2x2)

dN2 ≤ 20 - (x1-x2)

x1, x2, dP1, dP2, dN1, dN2 ≥ 0

The goal programming model seeks to maximize the sum of the deviations from the two priority level goals, while satisfying the constraints of the amount of material available.

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Do you agree that the social media channels and content creation technology consumers have at their disposal is actually a good thing as the speaker says? Why or why not?

Answers

Answer: Guy on the top is so wrong

(100 POINTS!!!) LuAnn is a very specific type of photographer. The images that she captures have several prominent characteristics such as representing culture as it is lived rather than mythologized, respectful portraits of members of the community to show their stature, and documenting tribal customs and ceremonies for future generations. What type of photography does LuAnn most likely practice?
A. fashion photography
B. nature photography
C. sports photography
D. indigenous photography

Answers

LuAnn most likely practices indigenous photography. Indigenous photography refers to photographs taken by and for indigenous communities that depict the culture, customs, and traditions of those communities. The characteristics of the images LuAnn captures, such as representing culture as it is lived, respectful portraits, and documenting tribal customs and ceremonies, are typical of indigenous photography. The goal of this type of photography is often to give voice and visibility to indigenous communities, as well as to preserve their cultural heritage for future generations.

Johnson Corporation began the year with inventory
of 11,000 units of its only product. The units cost $8
each. The company uses a perpetual inventory
system and the FIFO cost method. The following
transactions occurred during the year:
a. Purchased 55,000 additional units at a cost of
$10 per unit. Terms of the purchases were 2/10,
n/30, and 100% of the purchases were paid for
within the 10-day discount period. The company
uses the gross method to record purchase
discounts. The merchandise was purchased
f.o.b. shipping point and freight charges of $0.50
per unit were paid by Johnson.
b. 1,100 units purchased during the year were
returned to suppliers for credit. Johnson was
also given credit for the freight charges of $0.50
per unit it had paid on the original purchase.
The units were defective and were returned two
days after they were received.
c. Sales for the year totaled 50,000 units at $18
per unit.
d. On December 28, Johnson purchased 5,100
additional units at $10 each. The goods were
shipped f.o.b. destination and arrived at
Johnson's warehouse on January 4 of the
following year.
e. 14,900 units were on hand at the end of the
year.
Required:
1. Determine ending inventory and cost of goods
sold at the end of the year.
2. Assuming that operating expenses other than
those indicated in the above transactions
amounted to $152,000, determine income
before income taxes for the year.
3. For financial reporting purposes, the company
uses LIFO (amounts based on a periodic
inventory system). Record the year-end
adjusting entry for the LIFO reserve, assuming
the balance in the LIFO reserve at the beginning
of the year is $15,200.

Answers

1. To determine the ending inventory and cost of goods sold at the end of the year, we need to calculate the following:

Beginning Inventory:

11,000 units × $8 per unit = $88,000

Purchases:

55,000 units × $10 per unit = $550,000

Less: Purchase Returns:

1,100 units × $10 per unit = $11,000

Net Purchases:

55,000 units - 1,100 units = 53,900 units

Cost of Goods Available for Sale:

$88,000 (beginning inventory) + $550,000 (purchases) - $11,000 (purchase returns) = $627,000

Ending Inventory:

53,900 units - 14,900 units = 39,000 units

Cost of Goods Sold:

53,900 units - 39,000 units = 14,900 units

Cost of Goods Sold:

14,900 units × $10 per unit = $149,000

2. To calculate the income before income taxes for the year, we need to subtract the cost of goods sold and operating expenses from sales:

Sales:

50,000 units × $18 per unit = $900,000

Income before Income Taxes:

$900,000 (sales) - $149,000 (cost of goods sold) - $152,000 (operating expenses) = $599,000

3. To record the year-end adjusting entry for the LIFO reserve, we need to calculate the change in the LIFO reserve:

Change in LIFO Reserve:

Ending LIFO Reserve - Beginning LIFO Reserve

Assuming the beginning LIFO reserve is $15,200, and the ending LIFO reserve is the desired amount:

Change in LIFO Reserve = Ending LIFO Reserve - Beginning LIFO Reserve

Change in LIFO Reserve = Desired LIFO Reserve - $15,200

Once the change in the LIFO reserve is determined, the adjusting entry can be recorded by debiting or crediting the LIFO reserve account accordingly.

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Mrs. Slayman slays all day. She slays 17 times a second. Approximately how much Slaying does Mrs. Slayman do in a day?

Answers

Mrs. Slayman slays approximately 1,468,800 times in a day.

How to calculate much Slaying does Mrs. Slayman do in a day

If Mrs. Slayman slays 17 times every second, then in one minute (60 seconds), she slays:

17 times/second * 60 seconds = 1020 times/minute

In one hour (60 minutes), she slays:

1020 times/minute * 60 minutes = 61,200 times/hour

And in one day (24 hours), she slays:

61,200 times/hour * 24 hours = 1,468,800 times/day

Therefore, Mrs. Slayman slays approximately 1,468,800 times in a day.

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Help! Select the qualification that is best demonstrated in each example.

Melanie is a fitness instructor who encourages her students to achieve their goals. ____
1. Ability to handle money
2. Accuracy and attention to detail
3. Leadership skills
4. Organizational skills
Jacob counts and organizes cash at a casino. _____
1. Maintenance of safety
2. Communication skills
3. Teamwork skills
4. Ability to handle money
Adra is proud that she has never had an accident while running a ride at an amusement park. ______
1. Organizational skills
2. Leadership skills
3. Ability to operate equipment safety
4. Communication skills

Juan plans fun activities for groups of people. _____
1. Communication skills
2. Accuracy
3. Teamwork skills
4. Organizational

Answers

1. Leadership skills
2. Ability to handle money
3. Ability to operate equipment safety
4. Organizational

Answer:

What ghazaryanelen101 Said ↑↑↑↑

Explanation:

Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.

Answers

You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.

Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).

Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.

Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.

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be5-4, Prepare the journal entries to record the following transactions on Novy Company’s books using a perpetual inventory system. (a) On March 2, Novy Company sold $900,000 of merchandise to Opps Company, terms 2/10, n/30. The cost of the merchandise sold was $590,000. (b) On March 6, Opps Company returned $90,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $62,000. (c) On March 12, Novy Company received the balance due from Opps Company.
be5-5, From the information in BE5-4, prepare the journal entries to record these trans- actions on Opps Company’s books under a perpetual inventory system.

Answers

Answer:

a: March 2

Dr Accounts Receivable 900,000

Cr Sales Revenue 900,000

March 2

Dr Cost of Good Sold 590,000

Cr Inventory 590,000

b. March 6

Dr Sales Returns and Allowances 90,000

Cr Accounts Receivable 90,000

March 6

Dr Inventory 62,000

Cr Cost of Goods Sold 62,000

c. March 12

Dr Cash 793,800

Dr Sales Discount 16,200

Cr Accounts Receivable 810,000

Explanation:

Preparation of Journal entries using a perpetual inventory system

a. March 2

Dr Accounts Receivable 900,000

Cr Sales Revenue 900,000

(To record sale of merchandise)

March 2

Dr Cost of Good Sold 590,000

Cr Inventory 590,000

b. March 6

Dr Sales Returns and Allowances 90,000

Cr Accounts Receivable 90,000

(To record sale of merchandise)

March 6

Dr Inventory 62,000

Cr Cost of Goods Sold 62,000

c. March 12

Dr Cash 793,800

(98%*810,000)

Dr Sales Discount 16,200

(2%*810,000)

Cr Accounts Receivable 810,000

(900,000-90,000)

A: March 2

Dr assets 900,000

Cr Sales Revenue 900,000

March 2

Dr Cost of excellent Sold 590,000

Cr Inventory 590,000

B. March 6

Dr Sales Returns and Allowances 90,000

Cr assets 90,000

March 6

Dr Inventory 62,000

Cr Cost of products Sold 62,000

C. March 12

Dr Cash 793,800

Dr Sales Discount 16,200

Cr assets 810,000

Journal entries  

Preparation of Journal entries employing a perpetual inventory system

A. March 2

Dr assets 900,000

Cr Sales Revenue 900,000

(To record sale of merchandise)

March 2

Dr Cost of fine Sold 590,000

Cr Inventory 590,000

B. March 6

Dr Sales Returns and Allowances 90,000

Cr assets 90,000

(To record sale of merchandise)

March 6

Dr Inventory 62,000

Cr Cost of products Sold 62,000

C. March 1

Dr Cash 793,800

(98%*810,000)

Dr Sales Discount 16,200

(2%*810,000)

Cr assets 810,000

\((900,000-90,000)\)

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What are the four phases in the project life cycle?
O introduction, planning, production, commencement
O initiation, planning, execution, closing
O planning, preparation, execution, production
O preparation, installation, activation, closing

Answers

Answer: b

Explanation:

Jim is looking to purchase Vinney's property. The two parties agree on the terms of the deal and are ready to sign the purchase agreement. When will Jim and Vinney have an executed contract?

Answers

Jim is looking to purchase Vinney's property. The two parties agree on the terms of the deal and are ready to sign the purchase agreement. Jim and Vinney have an executed contract when they both are signed.

What is contract execution?

A systematic event known as contract execution occurs when all necessary parties sign the agreement, making it a binding legal document.

Further the contract law provide the two broad categories of  the contract which is considered to have been executed a) whenever all parties have fulfilled their responsibilities in full and b) A contract that has been signed by all parties required to make it legally enforceable is also referred to as being "executed."

Therefore Jim and Vinney when sign the agreement can make the purchase agreement into a real estate executed contract.

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Northern Star sells several products. Information of average revenue and costs is as follows: Selling price per unit $20.00 Variable costs per unit: Direct material $4.00 Direct manufacturing labor $1.60 Manufacturing overhead $0.40 Selling costs $2.00 Annual fixed costs $96,000 The company sells 12,000 units at the end of the year. 7) If direct labor and direct material costs increase by $1 each, contribution margin ________.

Answers

Northern Star sells several products. Information of average revenue and costs. The contribution margin per unit is $ 12.

What do you mean by the contribution margin?

A gross or per-unit basis might be used to express the contribution margin. It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.

The selling price per unit less the variable cost per unit is the contribution margin.

Here,

Calculation of contribution margin:

Total Variable cost = Direct material + Direct manufacturing labor + Manufacturing overhead + Selling costs

Total Variable cost = 4 + 1.60 + 0.40 + 2

Total Variable cost = 8

Contribution margin per unit = Selling price - Total Variable cost

Contribution margin per unit = $ 20 - $8

Contribution margin per unit = $12

Therefore, Northern Star sells several products. Information of average revenue and costs. The contribution margin per unit is $ 12.

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Like many college students, Melanie applied for and got a credit card that has an annual percentage rate (APR) of 12%. The first thing she did was buy a new stereo system for $400. At the end of the month, her credit card statement said she only needed to make a minimum monthly payment of $15. Assume Melanie makes her payment when she sees her statement at the end of each month. If Melanie doesn't charge anything else and only makes the minimum monthly payments, approximately how many months would it take her to completely pay off the stereo system

Answers

Answer:

31.17 months

Explanation:

For computing the number of months required to pay off the stereo system we need to apply the NPER formula i.e be shown in the attachment below:

Given that,  

Present value = $400

Future value = $0

Rate of interest = 12%  ÷ 12 months = 1%

PMT = $15

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying this,  the number of months is 31.17 months

Like many college students, Melanie applied for and got a credit card that has an annual percentage rate

For next year, By-Way has projected sales of $435,000, costs of $254,000, depreciation of $35,000, interest expense of $22,000, and taxes of $28,500. What is the amount of the projected operating cash flow

Answers

The amount of the projected operating cash flow is $152,500

What is operating  cash flow?

Operating Cash Flow (OCF) is what measure the amount of cash generated by a company's normal business operations in its day to day activities.

Operating Cash Flow (OCF) is computed below:

Projected sales 435,000

(-) Costs                 254,000

(-) Depreciation  35,000

Operating income  146,000

Operating income  146,000

(+) Depreciation  35,000

(-) Taxes                  28,500

Projected operating cash flow $152,500

Hence, Projected operating cash flow is $152,500

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What is Businesses do

Answers

Answer:

A business uses inputs of resources to make goods and services which it sells.

What types of decision need to be made by groups?

Answers

Trust, responsibility, and hardworking.

Wolfpack Construction has the following account balances at the end of the year.Equipment $25,500Accounts payable 2,900Salaries expense 32,500Common stock 10,000Land 17,500Notes payable 19,500Service revenue 38,500Cash 5,900Retained earnings ?Required:Prepare a balance sheet for Wolfpack Construction.

Answers

Answer:

Total Assets $48,900

Total liabilities and stockholders' Equity $48,900

Explanation:

Preparation for the balance sheet pf Wolfpack Construction.

WOLFPACK CONSTRUCTION

Balance Sheet

December 31

ASSETS LIABILITIES

Cash $5,900 Accounts payable $2,900

Land $17,500 Notes payable $19,500

Equipment $25,500

Total Assets $48,900

($5,900+$17,500+25,500)

Total liabilities $22,400

($2,900+$19,500)

STOCKHOLDER'S EQUITY

Common stock $10,000

Retained earnings $16,500

Total stockholders' equity $26,500

Total Assets $48,900

Total liabilities and stockholders' Equity $48,900($22,400+$26,500)

Calculation for Retained earnings

Using this formula

Retained earnings= Total assets - Total liabilities - Common stock

Let plug in the formula

Retained earnings= $48,900-$22,400-$10,000

Retained earnings= $16,500

Therefore Total Assets will be $48,900 while

Total liabilities and stockholders' Equity will be $48,900

Which controls almost all of the media industry?


a few large companies


government agencies


small broadcasters


innovative entrepreneurs

Answers

A few large companies

How do I find the payment of a 10 year $10,000 mortgage with a 10% annual interest rate?

Answers

Based on the mortgage value, the interest rate, and the period of 10 years, the payment can be found to be $1,627.45

How to find the payment amount?

The payment amount to repay the 10 year mortgage will be an annuity because it will be a constant and specific amount over the 10 years.

To find the annuity, use the present value of an annuity formula:

Present value of annuity = Annuity x ( 1 - (1 + rate) ^ - number of periods) / rate

Solving for the annuity gives:

10,000 = Annuity x ( 1 - ( 1 + 10%)⁻¹⁰) / 10%

10,000 = Annuity x 6.14457

Annity = 10,000 / 6.14457

= $1,627.45

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