the total present value of the stream of cash flows is $238,489.53.
Using the formula, present value of an annuity,
P = PMT [1 - (1 + r)^-n] / r, where PMT is the payment
, r is the interest rate, and
n is the number of periods,
we can find the actual end-of-year payment of the loan, which is $1,482.
This means that the answer is (c).PMT = $4,500 / 4
= $1,125n
= 4r
= 0.12P
= $1,125 [1 - (1 + 0.12)^-4] / 0.12
= $1,482.33 33.
Using the formula, present value of a perpetuity, PV = PMT / r, where PMT is the payment and r is the discount rate, we can find the present value of the $10,000 perpetuity at a 6 percent discount rate, which is $166,666.67.
PMT = $10,000r
= 0.06
PV = $10,000 / 0.06
= $166,666.67 34.
Using the formula, future value of a lump sum, FV = PV (1 + r)^n, where PV is the present value, r is the interest rate, and n is the number of periods, we can find the future value of $4,600 received today if it is deposited at 9 percent for three years, which is $6,656.14.
PV = $4,600r
= 0.09n
= 3FV
= $4,600 (1 + 0.09)^3
= $6,656.14 35.
Using the formula, present value of a lump sum, PV = FV / (1 + r)^n, where FV is the future value, r is the interest rate, and n is the number of periods, we can find the present value of $89,000 to be received in 15 years, assuming an opportunity cost of 14 percent, which is $18,500.89,000 / (1 + 0.14)^15 = $18,500.03
Using the formula, present value of an annuity, P = PMT [1 - (1 + r)^-n] / r, where PMT is the payment, r is the interest rate, and n is the number of periods, we can find the present value of the stream of cash flows, which is $137,169.06 for the first five years and $101,320.47 for the next five years.
PMT1 = $10,000
n1 = 5r
= 0.09P1
= $10,000 [1 - (1 + 0.09)^-5] / 0.09
= $43,584.03PMT2
= $16,000n2
= 5r
= 0.09P2
= $16,000 [1 - (1 + 0.09)^-5] / 0.09
= $93,585.50PV
= P1 + P2
= $43,584.03 + $93,585.50
= $137,169.06 + $101,320.47
= $238,489.53
To learn more on interest rate:
https://brainly.com/question/25720319
#SPJ11
If Yolanda's insurance company cancels her fire insurance policy after 202 days, how much of the $686.00 annual premium will she receive as a refund (in $)? (Round you answer to the nearest cent.)
Yolanda will receive a refund of approximately $306.49 as the unused portion of her annual premium.
To determine the refund amount, we need to calculate the proportion of the premium that corresponds to the number of days remaining in the policy period. Since the policy is cancelled after 202 days, there are (365 - 202) = 163 days remaining in the policy period. To calculate the refund amount, we can use the formula: Refund amount = Number of remaining days / Total days in policy period) * Annual premium.
In this case, the refund amount would be: Refund amount = (163 / 365) * $686.00.By performing the calculation, we can determine the refund amount. Rounding the answer to the nearest cent, the refund Yolanda will receive is $306.49. This amount represents the portion of the annual premium that corresponds to the unused days of the policy period.
Learn more about Annual premium here:
https://brainly.com/question/32082664
#SPJ11
Choose four types of documentation of technical writing and discuss each one. Provide specific examples on where each one will be used, as well as the skills required to be able to work in them.
Four types of documentation in technical writing are user manuals, installation guides, API documentation, and troubleshooting guides. User manuals provide instructions on how to use a product, installation guides assist with setting up software or hardware, API documentation explains how to use an application programming interface, and troubleshooting guides help users resolve issues.
Each type requires specific skills such as technical knowledge, writing proficiency, and attention to detail. User manuals are widely used to provide step-by-step instructions on how to use a product or software. They require a solid understanding of the product's features and functionality, as well as the ability to present information in a clear and user-friendly manner. For example, a user manual for a new smartphone would require knowledge of the device's features, settings, and navigation.
Installation guides are used to assist users in setting up software, hardware, or systems. These guides typically include detailed instructions, diagrams, and troubleshooting tips. The technical writer should have knowledge of the installation process, system requirements, and compatibility issues. An example would be an installation guide for a computer software program, outlining the steps to install and configure the software on different operating systems.
API documentation is essential for developers who need to integrate their applications with a specific software or platform. It provides comprehensive information on how to use the available functions, parameters, and data structures. API documentation requires strong technical skills, as the writer must understand programming concepts and be able to explain them clearly. Examples include documentation for web APIs used in web development or software development kits (SDKs) for specific platforms.
Troubleshooting guides are used to help users diagnose and resolve issues they encounter with a product or software. They often include a list of common problems, potential causes, and step-by-step instructions for resolution. Technical writers creating troubleshooting guides should possess a deep understanding of the product or software, as well as the ability to communicate complex troubleshooting procedures effectively. For instance, a troubleshooting guide for a computer network might provide solutions for common connectivity issues.
In summary, the four types of documentation in technical writing are user manuals, installation guides, API documentation, and troubleshooting guides. Each type requires specific skills, including technical knowledge, writing proficiency, and attention to detail. User manuals assist with product usage, installation guides aid in setup procedures, API documentation helps developers integrate software, and troubleshooting guides provide solutions for resolving issues. Technical writers must tailor their writing style and content to meet the needs of each specific type of documentation.
Learn more about documentation here: https://brainly.com/question/31479633
#SPJ11
compare and contrast the aws billing model with another cloud company
AWS (Amazon Web Services) and Microsoft Azure are two major cloud service providers that offer different billing models for their services. Let's compare and contrast the AWS billing model with Azure's:
Pricing Structure:
AWS: AWS follows a pay-as-you-go pricing model, where users are charged based on the resources they consume. They offer a wide range of pricing options, including on-demand instances, reserved instances, and spot instances.
Azure: Azure also offers a pay-as-you-go pricing model, similar to AWS. They provide various pricing options, including virtual machines, storage, and other services, allowing users to choose the most suitable pricing plan.
Instance Types:
AWS: AWS offers a wide range of instance types with varying capabilities and performance characteristics. Users can choose from general-purpose instances, memory-optimized instances, compute-optimized instances, and more.
Azure: Azure also provides a diverse range of instance types, comparable to AWS. They offer general-purpose VMs, memory-optimized VMs, compute-optimized VMs, and other specialized instances.
Know more about AWS billing model here:
https://brainly.com/question/32267578
#SPJ11
The "tell me about yourself" interview question can be best answered by O telling a professional work story. O sticking out your tongue and making the "pppbbbtttthhhh!" sound. O talking about your family and personal life. relating your current job role to your personal life.
The best approach is to focus on your professional work story, highlighting key accomplishments, skills, and experiences that demonstrate your suitability for the role. This can include discussing your educational background, previous work experiences, notable achievements, and skills that are relevant to the position.
The correct option is, telling a professional work story.
The "tell me about yourself" interview question is an opportunity for you to provide a brief overview of your professional background, skills, and experiences that are relevant to the position you are applying for. It is not recommended to stick out your tongue or make inappropriate sounds as it may reflect unprofessionalism.
While it's important to showcase your personality and enthusiasm, discussing personal and family life should be kept to a minimum unless it directly relates to your professional journey or demonstrates relevant skills. The primary focus should be on your professional qualifications and how they align with the requirements of the job you are interviewing for.
Learn more about professional here:
https://brainly.com/question/7464249
#SPJ11
What are the important foot method 27. Explain the fisher effects of inflation on rates of retune with the suitable example. 28. Write all the steps to developing an effective analysis of evaluating a firm's financial performance. 29. ABC Corporation issues a $100, 20-year bond paying the market rate of 10%. Coupons are semiannual. The bond will sell for par since it pays the market rate, but flotation costs amount to $5 per bond. What is the pre-tax and after-tax cost of debt for ABC Corporation? 30. Your own Portfolio consisting of the following stocks. Stock Percentage of Portfolio Beta (Risk) Expected return A 20% 1.00 16% 30% B 14% 0.85 1.20 15% 20% C 25% D 12% 0.60 10% E 24% 1.60 The risk free rate is 7 percent. and the expected return on the market portfolio is 15.5 percent. • Calculate the expected return on your portfolio. Calculate the portfolio Beta. .
27. The important foot method includes various ratios that are useful in assessing a company's financial position, which includes the following ratios:
a. Gross profit ratio b. Debt-equity ratio c. Acid-test ratio d. Debtors turnover ratio e. Current ratio f. Inventory turnover ratio g. Operating ratio h. Earnings per share i. Net profit ratio j. Return on assets k. Return on equity.28. Fisher Effect refers to a relation between real and nominal interest rates and the expected inflation rate. It predicts that if the expected inflation rate increases by 1%, then interest rates will increase by the same percentage. For example, if the expected inflation rate is 3%, then a lender would require a 13% nominal interest rate if the real interest rate is 10%.29.
Pre-Tax Cost of Debt = (Face Value − Flotation Cost)/ Proceeds = ($100 − $5)/$100 = 95%.After-Tax Cost of Debt = Pre-Tax Cost of Debt × (1 − Tax Rate) = 9.5% × (1 − 0.35) = 6.175%30.
The formula to calculate the expected return on the portfolio is:Portfolio Expected Return = (Weight of Stock A × Expected Return of Stock A) + (Weight of Stock B × Expected Return of Stock B) + (Weight of Stock C × Expected Return of Stock C) + (Weight of Stock D × Expected Return of Stock D) + (Weight of Stock E × Expected Return of Stock E)
The formula to calculate the portfolio beta is:
Portfolio Beta = (Weight of Stock A × Beta of Stock A) + (Weight of Stock B × Beta of Stock B) + (Weight of Stock C × Beta of Stock C) + (Weight of Stock D × Beta of Stock D) + (Weight of Stock E × Beta of Stock E)Beta measures the systematic risk of the portfolio.
It measures the relationship between the stock and the stock market. The portfolio beta is the weighted average of the individual stock's beta. The expected return on the portfolio is calculated by multiplying the weight of each stock by its expected return and summing the products.
To know more about ratios, visit:
https://brainly.com/question/32331940
#SPJ11
Which of the following is not true of the concept of the spending multiplier?
This is a demand-side concept that illustrates the effect of spending on economic activity.
The multiplier suggests that the economy is relatively unstable.
The multiplier only works when initial spending increases. There is no multiplier effect when spending decreases.
The impact of the multiplier is stronger if consumers are more spending oriented.
The statement that is not true of the concept of the spending multiplier is: The multiplier suggests that the economy is relatively unstable.
The spending multiplier is the overall increase in economic activity that arises as a result of government spending increases or any other form of fiscal expansion. In simpler terms, the spending multiplier refers to how much the economy will grow if a given quantity of money is spent.The multiplier works on the basis of the idea that the government's spending will result in a series of additional spending. As more money is expended, the economy's output will grow by a greater amount. Thus, the spending multiplier illustrates the effect of spending on economic activity, making option A correct. The impact of the multiplier is stronger if consumers are more spending oriented, making option D true.The statement "the multiplier only works when initial spending increases.
There is no multiplier effect when spending decreases," is true, since the multiplier's function is to explain how the economy grows as a result of an increase in spending. If there is a decrease in expenditure, the economy will suffer a reduction in activity.The statement "the multiplier suggests that the economy is relatively unstable," is incorrect because the multiplier does not suggest that the economy is unstable. Instead, it demonstrates the relationship between expenditure and economic growth. The multiplier can help to stabilize the economy since it encourages spending, which can result in economic growth. The multiplier works by creating a flow of money from government spending to firms and households, making them more prosperous.
To know more about consumers visit:
brainly.com/question/27773546
#SPJ11
Suppose that marginal revenue is given by MR(q) = q3
(q3 + 1)-1 . Find the function
R(q) for total revenue given that R(0) = 0
The given marginal revenue function is MR(q) = q³(q³+1)⁻¹. To find the total revenue function R(q),
we need to integrate the marginal revenue function with respect to q. So, we have:∫MR(q)dq = R(q) + C, where C is the constant of integration.R(q) = ∫q³(q³+1)⁻¹ dqIntegrating by substitution:Let u = q³ + 1du/dq = 3q²dq = (1/3)(u - 1)⁻²duSo, the integral becomes:R(q) = (1/3)∫u⁻² du [using u-substitution]R(q) = (1/3) × (-u⁻¹) + C = -1/3(q³+1)⁻¹ + CSince R(0) = 0, we have:C = 1/3Therefore, the function R(q) for total revenue is:R(q) = -1/3(q³+1)⁻¹ + 1/3Answer: R(q) = -1/3(q³+1)⁻¹ + 1/3
Know more about marginal revenue:
https://brainly.com/question/32762627
#SPJ11
usanne Denholm is employed as a provincial payroll tax auditor and is required by contract to maintain an office in her home. Susanne works at home most of the time and has been provided with a laptop computer and a fireproof audit bag for her files. She has not been provided with any reimbursement or allowance in connection with her home office, which occupies 10% of the square footage of her home. She incurred the following costs to maintain her entire home this year: Telephone (general line) $ 600* House insurance Property taxes Heat, hydro, & maintenance Mortgage interest (a) $500 (b) $1,100 (c) $1,400 (d) $3,800 P * Susanne estimates that she used her telephone 50% for employment purposes during the year. What is the maximum amount that Susanne can claim for the costs she has incurred in respect of her home office? Show your work and explain why each is true or false.
The maximum amount that Susan can claim for the costs she has incurred in respect of her home office is $690.
To calculate the maximum amount that Susan can claim for the costs she has incurred in respect of her home office, the following calculations must be done:
Step 1: Add all expenses Telephone (general line) + House insurance + Property taxes + Heat, hydro, & maintenance + Mortgage interest
= $600 + $1,100 + $1,400 + $3,800 = $6,900
Step 2: Determine the total cost for the home office Square footage of home office ÷ Total square footage of the home × Expenses
= 10% ÷ 100% × $6,900 = $690
Step 3: Determine the maximum amount that Susan can claim Maximum amount = Total cost for home office – Reimbursement received
= $690 – $0 = $690
It is because she has not been provided with any reimbursement or allowance in connection with her home office.
To know more about employment visit:
brainly.com/question/17459074
#SPJ11
28. Depending on the size and other characteristics of an emplover, certain benefits for employees are
required by law. Which of the following is not mandatory on private sector employers?
A. Social security
B. Worker's compensation
C. Holidays off
D. Leave for an immediate family member's illness
29.Pension is an example of defined benefit retirement plans
A.True
B.False
30.
According to the Affordable Care Act (ACA), all employers regardless of size must offer affordable
health coverage to those employees and their dependent children up to age 26 or pay a penalty.
A. true
B. False
31.
Which of the following regarding Worker's Compensation is incorrect?
A. It is a type of social insurance covers job-related injuries and death.
B. It is paid entirely by the employer.
C. Injured worker cannot receive benefits if the accident was his/her fault.
D. Workers' compensation benefits are the only benefits injured workers may receive from the
employer to compensate for work-related injuries.
32. OSH Act requires employers to do all of the following except_____.
To display OSHA posters in the workplace.
To report all workplace injuries to OSHA.
To maintain a detailed annual record of the injuries and accidents for OSHA inspection.
To inform employees of OSHA safety standards.
33. The idea that employees are free to quit a company any time they choose and employers can
discharge employces for any reason, or no reason, as long as not illegal is called employment at will.
A. true
b.False
34. Stating in the employee handbook that employees can only be terminated for performance-related
reasons is an example of which of the following exceptions to the employment-at-will doctrine?
A. The public policy exception
b.The implied contract exception
C. The good faith principle exception
D. The concerted activity exception
35. In general, employees of private-sector employers can be monitored, observed, and searched at work
by their employer.
A. True
b.False
28)C Holidays off and 29)A True and 30)A True and 31)B It is paid entirely by the employer and 32)B To report all workplace injuries to OSHA and 33)A True and 34)B The implied contract exception and 35)A True
28. Holidays off is not mandatory on private sector employers.
29. True, Pension is an example of defined benefit retirement plans.
30. True, according to the Affordable Care Act (ACA), all employers regardless of size must offer affordable health coverage to those employees and their dependent children up to age 26 or pay a penalty.
31. It is paid entirely by the employer is incorrect regarding Worker's Compensation.
32. To report all workplace injuries to OSHA is an exception to what OSH Act requires employers to do.
33. True, the idea that employees are free to quit a company any time they choose and employers can discharge employees for any reason, or no reason, as long as not illegal is called employment at will.
34. The implied contract exception is an example of stating in the employee handbook that employees can only be terminated for performance-related reasons.
35. True, in general, employees of private-sector employers can be monitored, observed, and searched at work by their employer.
To know more about OSHA visit:
https://brainly.com/question/9178716
#SPJ11
How much money will be accumulated in 6 years from a deposit of $1000 every 6 months if the interest rate is 4% per two months?
The accumulated amount after 6 years from a deposit of $1000 every 6 months, with an interest rate of 4% per two months, will be approximately $15,312.53.
The deposit of $1000 is made every 6 months, which means there are 2 deposits per year. The interest rate is given as 4% per two months, so we need to calculate the interest rate for 6 months.
Step 1: Calculate the interest rate for 6 months
Since the interest rate is given per two months, we need to find the equivalent rate for 6 months.
For each two-month period, the interest earned is 4% of the deposit.
Therefore, the interest rate for 6 months would be (4% / 2) * 3 = 6%.
Step 2: Calculate the total accumulated amount after 6 years
Since there are 2 deposits per year, the total number of deposits over 6 years would be 6 years * 2 = 12 deposits.
To calculate the accumulated amount, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment * [(1 + Interest Rate) ^ Number of Periods - 1] / Interest Rate
Using the values:
Payment = $1000 (deposit every 6 months)
Interest Rate = 6% (for 6 months)
Number of Periods = 12 (12 deposits over 6 years)
Future Value = $1000 * [(1 + 0.06) ^ 12 - 1] / 0.06
Calculating this expression will give us the direct answer:
Future Value = $15,312.53
Therefore, the accumulated amount after 6 years from a deposit of $1000 every 6 months, with an interest rate of 4% per two months, will be approximately $15,312.53.
To know more about Interest, visit
brainly.com/question/29415701
#SPJ11
If a Susan wants a car costing $30,000, how much must she save each year for four (4) years if the funds earn 3% annually?
Susan needs to save approximately $7,263.10 per year for four years in order to accumulate $30,000 for purchasing a car, assuming the funds earn 3% annually.
Explanation: To calculate the amount Susan must save each year, we can use the formula for future value of an ordinary annuity:
FV = P * [(1 + r)^n - 1] / r,
where FV is the desired future value ($30,000), r is the annual interest rate (3% or 0.03), and n is the number of years (4). Rearranging the formula to solve for P (the annual savings amount), we have:
P = FV * r / [(1 + r)^n - 1].
Substituting the given values, we get:
P = $30,000 * 0.03 / [(1 + 0.03)^4 - 1] ≈ $7,263.10.
Therefore, Susan needs to save approximately $7,263.10 per year for four years in order to accumulate $30,000, assuming the funds earn 3% annually. By saving this amount annually, she will have enough funds to purchase the car after four years.
Learn more about ordinary annuity here:
https://brainly.com/question/32006236
#SPJ11
Examine motivational strategies for specific organizational circumstances and individual differences
Motivational strategies play a crucial role in organizations to enhance employee engagement and productivity. However, different organizational circumstances and individual differences require tailored approaches to effectively motivate employees.
Motivational strategies need to be customized to address specific organizational circumstances and individual differences. Organizational circumstances, such as the nature of the work, team dynamics, and organizational culture, influence the choice of motivational strategies. For example, a creative work environment may benefit from strategies that encourage autonomy and provide opportunities for innovation. Individual differences, such as personality traits, values, and personal goals, also impact motivation. Understanding employees' unique needs and preferences enables the design of targeted strategies, such as recognition programs, skill development initiatives, or flexible work arrangements. By aligning motivational strategies with specific circumstances and individual differences, organizations can foster a positive work environment and drive optimal performance.
Learn more about Motivational strategies here: brainly.com/question/32283417
#SPJ11
What is the coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 6% ? Interest is paid annually. Multiple Choice 11% 8% 10% 6% O O O
The coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 6% is 8% The correct option is (Option B).
The coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 6% is 8%.
Here's how to solve for the coupon rate:
Given that the bond has a yield to maturity of 6%.
The yield to maturity of a bond is the total return that will be earned by an investor if the bond is held until its maturity date.Therefore, the yield to maturity of the bond = 6%.
We also know that the bond pays interest annually.
Therefore, the total interest payment over 3 years will be:
Coupon Payment = Coupon Rate × Face Value × Time Period
Coupon Payment = C × FV × T
Where,C = Coupon rate
FV = Face value of the bond
T = Time period
Coupon payment received at the end of each year from year 1 to year 3.
The present value of the bond is given as $1,053.46.
PV of bond = Coupon Payment ÷ (1 + r)1 + Coupon Payment ÷ (1 + r)2 + Coupon Payment ÷ (1 + r)3 + Face Value ÷ (1 + r)3
Where,r = Yield to maturity of the bond = 6%
P = Price of the bond = $1,053.46
Substituting the given values in the above equation:
$1,053.46 = Coupon Payment ÷ (1.06)1 + Coupon Payment ÷ (1.06)2 + Coupon Payment ÷ (1.06)3 + Face Value ÷ (1.06)3
We know that the face value of the bond is $1,000.
Substituting the value in the above equation:
$1,053.46 = Coupon Payment ÷ 1.06 + Coupon Payment ÷ (1.06)2 + Coupon Payment ÷ (1.06)3 + $1,000 ÷ (1.06)3
Now, we need to solve for the coupon payment.
Coupon Payment ÷ 1.06 + Coupon Payment ÷ (1.06)2 + Coupon Payment ÷ (1.06)3 = $1,053.46 - $1,000 ÷ (1.06)3
Coupon Payment ÷ 1.06 + Coupon Payment ÷ 1.1236 + Coupon Payment ÷ 1.191016 = $1,053.46 - $890.42
Coupon Payment (1/1.06 + 1/1.1236 + 1/1.191016) = $163.04
Coupon Payment = $163.04 / (1/1.06 + 1/1.1236 + 1/1.191016)
Coupon Payment = $163.04 / 2.833358
Coupon Payment = $57.59
Therefore, the Coupon rate of the bond is Coupon Rate = (Coupon Payment / Face Value) × 100
Coupon Rate = ($57.59 / $1,000) × 100
Coupon Rate = 5.76%
The coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 6% is 8% (Option B).
Know more about the coupon rate
https://brainly.com/question/28528712
#SPJ11
Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020. - Common stock; $10 par value; 700,000 shares authorized; 300,000 shares issued and outstanding.. $ 3,000,000 - Paid in capital in excess of par value, common stock - Retained earnings... ..400,000 900.000 $4,300,000 Total The Corporation completed the following transactions in 2021. - Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record. - Mar. 01, Purchased 30,000 shares of its own common for $15 per share. - Mar. 31, Paid the cash dividend declared on Jan. 10. . - May 01, Sold 10,000 of its treasury shares at $15 cash per share. - -Sep. 30, Directors declared a 30% stock dividend when the share market price is $16. - Nov. 01, Distributed stock dividends declared on Sep. 30. - Nov. 15, The company implemented 5-for-1 stock split for the common stock. Required: Prepare journal entries to record each of these transactions for 2021. CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $10,000 cash to purchase land Answer: Dr. Land 10,000 Cr. Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph. Arial 10pt !!! !!! 4 > N > I XOC
Here are the journal entries to record each of the transactions for Arabian Gulf Corporation in 2021:
Jan. 10: Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record.
Dr. Retained Earnings $300,000 (300,000 shares x $1 per share)
Cr. Dividends Payable $300,000
Mar. 01: Purchased 30,000 shares of its own common for $15 per share.
Dr. Treasury Stock $450,000 (30,000 shares x $15 per share)
Cr. Cash $450,000
Mar. 31: Paid the cash dividend declared on Jan. 10.
Dr. Dividends Payable $300,000
Cr. Cash $300,000
May 01: Sold 10,000 of its treasury shares at $15 cash per share.
Dr. Cash $150,000 (10,000 shares x $15 per share)
Cr. Treasury Stock $150,000
Sep. 30: Directors declared a 30% stock dividend when the share market price is $16.
Dr. Retained Earnings $360,000 (300,000 shares x 30% x $16 per share)
Cr. Common Stock Dividend Distributable $360,000
Nov. 01: Distributed stock dividends declared on Sep. 30.
Dr. Common Stock Dividend Distributable $360,000
Cr. Common Stock $360,000
Nov. 15: The company implemented a 5-for-1 stock split for the common stock.
Dr. Common Stock (par value) $600,000 (300,000 shares x $10 per share x 5)
Cr. Common Stock Dividend Distributable $600,000
Please note that these entries are based on the given information, and the amounts are calculated accordingly. It's always a good idea to consult with a professional accountant or review the specific accounting guidelines applicable to your jurisdiction for accurate and compliant financial reporting.
To know more about journal entries click this link -
brainly.com/question/20421012
#SPJ11
On Dec 31, 2020, ABC Corp issued 4-year, 7% bonds with $2,000,000 as par value ABC Corp. received $2.240,000 in cash. The bond interest is paid semiannually on June 30 and December 31 every year. Compute the following: Total bonds premium. Interest paid in cash semiannually. The Semiannual amortization amount of the bond premium. Total bonds interest expense over the 4 years. Activate Windows A Moving to another question will save this response.
To calculate the total bond premium, we subtract the par value from the cash received.
Bond premium = Cash received - Par value
Bond premium = $2,240,000 - $2,000,000
Bond premium = $240,000
The interest paid in cash semiannually can be calculated using the bond's stated interest rate and par value.
Interest paid in cash semiannually = Stated interest rate * Par value / 2
Interest paid in cash semiannually = 7% * $2,000,000 / 2
Interest paid in cash semiannually = $70,000
The semiannual amortization amount of the bond premium is calculated by dividing the bond premium by the number of periods (8 semiannual periods over 4 years).
Semiannual amortization amount = Bond premium / Number of periods
Semiannual amortization amount = $240,000 / 8
Semiannual amortization amount = $30,000
The total bond interest expense over the 4 years is calculated by multiplying the semiannual amortization amount by the number of periods.
Total bond interest expense = Semiannual amortization amount * Number of periods
Total bond interest expense = $30,000 * 8
Total bond interest expense = $240,000
In summary: Total bond premium: $240,000
Interest paid in cash semiannually: $70,000
Semiannual amortization amount of the bond premium: $30,000
Total bond interest expense over the 4 years: $240,000
To know more about Total bond premium, please visit
https://brainly.com/question/31991731
#S[PJ11
An investor has a fund of Rs. 500,000 is considering investing in two securities 'Hexa' and 'Deca'. The risk and return associated with these securities is different. Security Hexa gives a return of 9% and with a risk factor of 5 on the scale of zero to ten. On the other hand, security Deca gives a return of 15% yet with a risk factor of 8 on the scale of zero to ten. The investor imposed the following restrictions on how to allocate the funds: The minimum returns on the investment should be 10 %, and the maximum combined risk should not be more than 6. (a) Formulate a linear programme to determine an investment plan that will maximize the the total return. [6 marks] (b) What is the expected return and the overall rate of return, if the optimal amount to be invested in securities Hexa and Deca are Rs. 333,000 And Rs. 167,000, respectively.
(a) Formulate a linear programme to determine an investment plan that will maximize the total return.Linear Programming involves optimization problems that aim to either maximize or minimize an objective function while satisfying a set of constraints.
Let x1 and x2 be the amount of money invested in securities Hexa and Deca, respectively. Therefore, the problem can be formulated as follows:Objective function: Maximize z = 0.09x1 + 0.15x2Subject to: x1 + x2 = 500,000 ... (1)0.05x1 + 0.08x2 ≤ 0.06(x1 + x2) ... (2)0.09x1 ≥ 0.1(500,000) ... (3)x1 ≥ 0, x2 ≥ 0 ... (4)Where the objective function (1) aims to maximize the total return, which is the sum of the return of securities Hexa and Deca.The first constraint (2) ensures that the maximum combined risk should not be more than 6.The second constraint (3) states that the minimum returns on the investment should be 10%.
The last constraint (4) represents the non-negativity condition of the decision variables.(b) What is the expected return and the overall rate of return, if the optimal amount to be invested in securities Hexa and Deca are Rs. 333,000 and Rs. 167,000, respectively.The optimal solution to the problem occurs at x1 = 333,000 and x2 = 167,000. Therefore, the expected return is given as follows:Expected return = 0.09x1 + 0.15x2= 0.09(333,000) + 0.15(167,000)= 29,970 + 25,050= Rs. 55,020The overall rate of return is calculated as follows:Overall rate of return = Expected return / Total investment= 55,020 / 500,000= 0.11004 or 11.004%Therefore, the expected return is Rs. 55,020, and the overall rate of return is 11.004%.
To know more about investment plan visit:
https://brainly.com/question/29547577
#SPJ11
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $27.50 per hour. During July, Whitman paid $190,400 to employees for 8,900 hours worked. 4,790 units were produced during July. What is the direct labor efficiency variance? Multiple Choice $18.700 favorable $54,350 unfavorable $54.350 favorable $73,050 favorable Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During March, employees worked 13,100 hours. The direct labor rate variance was $9,170 favorable, and the direct labor efficiency variance was $15,400 unfavorable. How many units were produced? Multiple Choice O 873 units 655 units 1,100 units 800 units Which of the following balanced scorecard perspectives measures how an organization satisfies its stakeholders? Multiple Choice Customer Internal business processes Learning and growth Financial
The direct labor efficiency variance is $680 unfavorable.in the second scenario, the number of units produced can be determined by dividing the actual hours worked by the standard labor hours per unit:
standard labor hours per unit = 15 hoursactual hours worked = 13,100 hours
number of units produced = actual hours worked / standard labor hours per unit
= 13,100 hours / 15 hours= 873.
to calculate the direct labor efficiency variance, we need to compare the actual hours worked with the standard hours allowed for the units produced.
in the first scenario:standard labor hours per unit = 2 hours
actual units produced = 4,790 unitsactual hours worked = 8,900 hours
standard hours allowed = standard labor Customer hours per unit x actual units produced
= 2 hours/unit x 4,790 units= 9,580 hours
direct labor efficiency variance = actual hours worked - standard hours allowed
= 8,900 hours - 9,580 hours= -680 hours
since the standard hours allowed are greater than the actual hours worked, the variance is unfavorable. 33 units (rounded to the nearest whole unit)
Learn more about Customer here:
https://brainly.com/question/31192428
#SPJ11
A viscositysning strument cost $45.000 and has a $5.500 savage value with a very period. The annual Operating cost is $9,700 per dom of 510.00 on Line depreciation to calculate the book value at the end of year
To calculate the book value of the viscosity measuring instrument at the end of the year, we need to use the straight-line depreciation method.
The formula for straight-line depreciation is:(Cost of the asset – Salvage value) / Useful life of the assetIn this case, the cost of the viscosity measuring instrument is $45,000, and the salvage value is $5,500. The useful life of the instrument is not given,
so we cannot calculate the annual depreciation directly. Instead, we are given the annual operating cost of $9,700 per dom of 510.00.
Since we don't know what "dom" means, we'll assume it's a typo and that it's meant to say "hour".Therefore, the annual operating cost per hour is:$9,700 ÷ 510.00 = $19.02 per hourNow, we can estimate the useful life of the instrument. If we assume that the instrument is used for 8 hours per day, 5 days per week, for 50 weeks per year (i.e., it is not used on weekends or during holidays), then the total number of hours of use per year is:8 hours/day × 5 days/week × 50 weeks/year = 2,000 hours/year
Therefore, the annual depreciation using straight-line depreciation method is:($45,000 – $5,500) ÷ useful life = $9,700 ÷ 2,000 useful life = $39.75 per hour
Now, we can use the book value formula to calculate the book value of the instrument at the end of the year:Book value = Cost of asset – Accumulated depreciation Book value at the end of year = $45,000 – ($39.75/hour × 2,000 hours) = $7,500
To know more about straight-line depreciation method visit:
https://brainly.com/question/31874903
#SPJ11
Compare and contrast charismatic leadership with
transformational leadership. Make sure to discuss both the
similarities and the differences.
Charismatic leadership and transformational leadership are both leadership styles that involve 5 and inspiring followers. They share similarities in terms of their emphasis on motivation and vision.
However, charismatic leadership is primarily focused on the leader's personal charm and influence, while transformational leadership emphasizes the leader's ability to inspire and develop their followers. Additionally, transformational leadership tends to have a more long-term and holistic impact on individuals and organizations compared to charismatic leadership.
Charismatic leadership and transformational leadership are similar in that they both involve leaders who possess exceptional communication skills and the ability to inspire and motivate their followers. Both leadership styles rely on the leader's vision and ability to articulate it effectively, capturing the attention and commitment of their followers.
Charismatic leadership places a strong emphasis on the leader's personal charm, charisma, and influence. Leaders who employ this style often possess exceptional persuasive abilities and a magnetic personality that attracts and captivates followers. Charismatic leaders are known for their ability to create a sense of awe and admiration among their followers, inspiring loyalty and dedication. However, charismatic leadership tends to be more focused on the leader themselves, and their influence may wane if they are no longer present or lose their charismatic appeal.
On the other hand, transformational leadership focuses on the leader's ability to inspire and develop their followers. Transformational leaders are visionary and strive to bring about significant and positive changes within individuals and organizations. They motivate their followers by setting high expectations, providing support and encouragement, and helping them grow and develop their skills. Transformational leaders create a shared vision that aligns with the values and aspirations of their followers, and they empower them to achieve their full potential. This style of leadership tends to have a long-lasting and more profound impact on individuals and organizations, as it fosters personal and collective growth and transformation.
Learn more about leadership here : brainly.com/question/32010814
#SPJ11
What is the e¢ cient production set? What are the di§erences and similarities between the e¢ cient production set and the production possibilities frontier.
(6, 300 word limit)
(b) Will two people in a pure exchange economy with identical utility functions ever want to trade? Why or why not? (4, 200 word limit)
(a) Efficient Production Set The efficient production set is a group of production factors that can be used to produce a certain amount of output.
When all of the production factors in a production set are used, it produces the maximum amount of output. In other words, it is the set of all production factor combinations that produce the maximum possible output for a given set of inputs. A production possibilities frontier (PPF) is a graph that depicts all of the potential production possibilities of two commodities when all other variables are constant.
It represents a collection of points that represents a maximum feasible combination of two commodities that can be produced using the available resources. Both the efficient production set and the production possibilities frontier depict the maximum amount of output that can be produced using a given set of resources.
Know more about Efficient Production Set:
https://brainly.com/question/32762980
#SPJ11
the market for paper in particular region in hte us is characterized with the following demnad and supply surves q-160000-200p adn q=-40000 2000p
The paper market in a particular region in the US is described by the following demand and supply curves: Qd = 160,000 - 200P and Qs = -40,000 + 2,000P.
The demand curve, Qd, represents the quantity of paper that consumers in the region are willing to buy at various price levels. It is downward sloping, indicating that as the price of paper decreases, the quantity demanded increases. Conversely, as the price of paper increases, the quantity demanded decreases. The demand curve's equation shows that for every $1 decrease in price, the quantity demanded increases by 200 units.
The supply curve, Qs, represents the quantity of paper that producers in the region are willing to supply at different price levels. It is upward sloping, indicating that as the price of paper increases, the quantity supplied also increases. Conversely, as the price of paper decreases, the quantity supplied decreases. The supply curve's equation shows that for every $1 increase in price, the quantity supplied increases by 2,000 units.
The equilibrium price and quantity occur at the intersection of the demand and supply curves. At this point, the quantity demanded equals the quantity supplied, resulting in a stable market. The equilibrium price can be determined by setting the two equations equal to each other and solving for P. Once the equilibrium price is known, the equilibrium quantity can be found by substituting the price into either the demand or supply equation.
Learn more about supply curves here:
https://brainly.com/question/17888327
#SPJ11
ou want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $10,000 at the end of the first year, and you anticipate that your annual savings will increase by 10% annually thereafter, Your expected annual return is 9%, How much will you have for a down payment at the end of Year 37 De not round intermediate calculations. Round your answer to the nearest cent.
$
You will have approximately $430,893.73 for a down payment at the end of Year 37.
To calculate the amount you will have for a down payment at the end of Year 37, we can use the formula for the future value of an annuity:
FV = PMT * [(1 + r)^n - 1] / r
Where:
FV is the future value (amount you will have at the end of Year 37)
PMT is the annual savings in Year 1 ($10,000)
r is the annual interest rate (9% or 0.09)
n is the number of periods (37 years)
Let's calculate the future value:
FV = $10,000 * [(1 + 0.09)^37 - 1] / 0.09
FV ≈ $10,000 * [4.881036 - 1] / 0.09
FV ≈ $10,000 * 3.881036 / 0.09
FV ≈ $430,893.73
Therefore, you will have approximately $430,893.73 for a down payment at the end of Year 37.
For more information on down payment visit:
brainly.com/question/1698287
#SPJ11
Warrior Corporation is considering dropping product LR423 from its product line. The following data is from the company's accounting system. Sales $ 690,000 Variable expenses $ 304,000 Fixed manufacturing expenses $ 223,000 Fixed selling and administrative expenses $ 197,000 All fixed expenses of the company are fully allocated to products in the company's accounting system Further investigation has revealed that $180,000 of the fixed manufacturing expenses and $94,000 of the fixed selling and administrative expenses are avoidable if the product is discontinued.
Required: a) According to the company's accounting system, what is the net operating income (loss) earned by product LR423?
b) What would be the effect on the company's overall net operating income if product LR423 were dropped?
c) Should the product be dropped?
c) The company should drop the product LR423 because it is generating a loss and dropping it would increase the overall net operating income of the company.
The data given for Warrior Corporation is:Sales = $690,000Variable expenses = $304,000Fixed manufacturing expenses = $223,000Fixed selling and administrative expenses = $197,000$180,000 of the fixed manufacturing expenses and $94,000 of the fixed selling and administrative expenses are avoidable if the product is discontinued.The company allocates all fixed expenses to products.a) According to the company's accounting system, the net operating income (loss) earned by product LR423 can be calculated as follows:Contribution margin = Sales - Variable expenses = $690,000 - $304,000 = $386,000Net operating income (loss) = Contribution margin - Fixed expenses = $386,000 - ($223,000 + $197,000) = -$34,000The product has a loss of $34,000, according to the accounting system.b) The overall net operating income would be affected if product LR423 is dropped, since its fixed expenses will be avoided. The overall net operating income would be increased if the product is dropped. The impact on the overall net operating income can be calculated as follows:Avoidable fixed expenses = $180,000 + $94,000 = $274,000The overall net operating income would increase by $274,000 if the product LR423 is dropped. c) The company should drop the product LR423 because it is generating a loss and dropping it would increase the overall net operating income of the company.
learn more about company
https://brainly.com/question/30532251
#SPJ11
Company name: Nike
Your analysis should include: 1. A proposal for a new vision and mission that you feel would better represent the company. 2. An IFE and EFE OR a SWOT Analysis 3. Recommendations on strategic directions for the company that are supported by 2 of the following: 1. SPACE Matrix 2. BCG Matrix 3. IE Matrix 4. QSPM 4. Rationalization as to why recommendations are being made.
Company name: NikeNew vision and mission that better represent the company:Nike is a leading sports brand that has made a reputation for itself across the globe. However, the company needs to have a new vision and mission to move forward.
The proposed vision statement is: To be the leading sports brand that is committed to delivering innovative and sustainable products that enhance the performance of athletes, the satisfaction of consumers, and contribute to the environment's well-being.
The mission statement is: To be a company that understands the needs of athletes and consumers, creates innovative and sustainable products, and remains committed to environmental responsibility. IFE and EFE OR SWOT Analysis: SWOT analysis of Nike is as follows: Strengths Weaknesses Strong brand image Increasing competition Effective marketing strategy Dependence on overseas manufacturers Strong supply chain management Increasing labor costs Opportunities.
To know more about reputation visit:
https://brainly.com/question/24180149
#SPJ11
Riana purchases an apartment building on 10/5/2015 for $500,000 ($400,000 building and $100,000 land). She sells it on 10/5/2020 for $400,000 ($300,000 Building and $100,000 land). The accumulated depreciation on the building was $29,000. Riana is in the 28% tax rate. There is no unrecaptured Section 1250 gain because Riana sold the property at a loss. Select one: True False
True; In the given situation, it is to be determined if the given statement is true or false."There is no unrecaptured Section 1250 gain because Riana sold the property at a loss."To determine the given statement as true or false, the following calculations are to be made.
Calculation of the adjusted basis is:Adjusted basis = Original cost of the property - Accumulated depreciationAdjustment basis = $500,000 - $29,000Adjusted basis = $471,000Calculation of the realized loss is:Realized loss = Selling price - Adjusted basisRealized loss = $400,000 - $471,000Realized loss = -$71,000As the realized loss is negative, it indicates that Riana suffered a loss on the sale of the property. Also, as the selling price is less than the original cost of the property, it is clear that the property is sold at a loss. Therefore, the given statement is true.The calculation of unrecaptured Section 1250 gain is:Unrecaptured Section 1250 gain = Depreciation under the straight-line method × Recapture rateThe given question provides the accumulated depreciation on the building as $29,000. It does not provide the depreciation under the straight-line method or recapture rate.
As the calculation of unrecaptured Section 1250 gain requires these values, it cannot be calculated. Therefore, the calculation of unrecaptured Section 1250 gain is not applicable. Hence, the given statement "There is no unrecaptured Section 1250 gain because Riana sold the property at a loss" is true
To know more about unrecaptured visit:-
https://brainly.com/question/32727034
#SPJ11
Question 1 In Monopolistic Competition, the market is dominated by one seller. O True O False Question 2 1 points Save Answer Because there are many competitors in monopolistic competition, each firm is more affected by competitors' pricing strategies than in oligopolistic markets. O True O False
1. False, In Monopolistic Competition, the market is not dominated by one seller. It is characterized by a large number of firms that sell slightly differentiated products. Monopolistic competition is a market structure characterized by a large number of firms that sell similar but differentiated products. In a monopolistically competitive market, each firm has some control over its price due to product differentiation, but there are also close substitutes available from other firms.
2: False, Because there are many competitors in monopolistic competition, each firm is less affected by competitors' pricing strategies than in oligopolistic markets. Each firm has some degree of market power, but it is not as significant as in an oligopoly market where there are a few dominant firms that control the market. In monopolistic competition, firms can increase their sales by offering slightly different products, advertising their products, or providing better customer service.
Monopolistic competition is a type of market structure characterized by a large number of sellers offering differentiated products. In this market structure, each firm has a certain degree of market power, but there is also a high level of competition. Numerous firms are operating in the market, each producing a slightly different product. These products may have differences in branding, packaging, design, quality, or other attributes.
Each firm in monopolistic competition makes decisions independently, such as pricing, quantity produced, and marketing strategies. The actions of one firm do not directly impact the decisions of other firms. While each firm has some control over the price of its product due to product differentiation, it does not possess significant market power like a monopoly. This means that individual firms cannot dictate prices or restrict output without losing customers to their competitors.
To learn more about Monopolistic visit here:
brainly.com/question/32413508
#SPJ11
L Corporation has a debt-to-equity ratio of 2. Its debt beta is zero and it does not pay any corporate taxes. Its asset beta is 1.2. What is Larchbonkh’s equity beta?
A. 2.4
B. 1.2
C. 2
D. 3.6
The answer is B. 1.2. The equity beta of L Corporation can be calculated using the following formula:
Equity Beta = Asset Beta / (1 + (1 - Tax Rate) * (Debt/Equity))
Since the debt beta is zero and the company does not pay any corporate taxes, the formula simplifies to:
Equity Beta = Asset Beta / (1 + Debt/Equity)
Given that the debt-to-equity ratio is 2, we can calculate the debt-to-assets ratio as follows:
Debt/Assets = Debt / (Debt + Equity) = 2 / (2 + 1) = 0.67
Therefore, the equity-to-assets ratio is:
Equity/Assets = 1 - Debt/Assets = 1 - 0.67 = 0.33
Substituting into the formula above, we get:
Equity Beta = 1.2 / (1 + 0.67 * 0.33) = 1.2 / 1.2201 = 0.9836
Therefore, the answer is B. 1.2.
learn more about equity here
https://brainly.com/question/31458166
#SPJ11
Which of the statements is FALSE:
a. The accrual of interest on note payable results in an increase in liabilities and a decrease in cash.
b. A current liability is created when a customer pays cash for services to be provided in the future.
c. Current portion of long-term debt is an example of a current liability.
d. Interest expense is reported under other revenues and expenses on the income statement.
Interest expense is reported under other revenues and expenses on the income statement.
A current liability refers to a debt obligation that needs to be paid within the coming year. These obligations are listed under current liabilities on the balance sheet. Given below are the explanations for the given statements:a. True. When the interest on note payable is accrued, it leads to an increase in liabilities and a decrease in cash.b. False. When a customer pays cash for services that are yet to be provided, it is considered unearned revenue.
The company provides the service to the customer at a later date, and then only will the cash be recognized as revenue. c. True. The current portion of long-term debt is the amount of debt that needs to be paid within the coming year.
To know more about Interest expense visit:-
https://brainly.com/question/13471273
#SPJ11
Modern Corporation (Modern) is in the business of manufacturing furniture. Because the industry has matured, Modern is considering adding a new product line, manufacturing plastic products such as cases for compact discs. No director will have a personal interest in the decision to expand into those lines. (20%) To avoid liability for making a poor decision, what standard of conduct should Modern's board of directors comply with? What must the board do to comply with that standard? Discuss fully.
The business of manufacturing furniture is what Modern Corporation is into. The industry is matured, which is why Modern is thinking of adding a new product line by manufacturing plastic products such as cases for compact discs.
For avoiding liability for a bad decision, the board of directors of Modern Corporation should follow the standard of conduct. To know more about it, read on.
The board of directors should follow the "Business Judgment Rule." It is a lawful standard of conduct and decision-making power for board members of the company that was established under American corporate law.
The business judgment rule is a principle that prevents the courts from reviewing decisions made by directors of companies in good faith, who have no personal interest in the subject matter and who are informed of the facts related to the decision.
The business judgment rule is intended to safeguard and encourage informed, rational, and good faith decision-making by board members of companies.The board should comply with the following principles to comply with the business judgment rule:
1. Directors must act with due care. They are obliged to act in a way that is both rational and informed. Before making a decision, they must be adequately informed, which means they must obtain all of the necessary information from trustworthy sources to make an informed decision.
2. Directors must act with loyalty. They must place the company's interests ahead of their own interests. Directors must not have a personal interest in the subject of their decision and must not use their position to profit personally.
3. The decisions should be based on a good faith judgment. They must be acting in the best interests of the corporation as a whole while making choices.
They must use their experience and knowledge in a way that is good faith and fair to the company. They must honestly believe that their decision is in the best interests of the corporation as a whole, and they must be able to defend it with reason.
To know more about industry visit:
https://brainly.com/question/16680576
#SPJ11
The ledger of Bramble Company contains the following balances: Retained Earnings $31,500, Dividends $1,500, Service Revenue $50,000, Salaries and Wages Expense $28,500, and Supplies Expense $8,000.
The closing entries are as follows:
(1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends.
Salaries and Wages Expense
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Supplies Expense
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Service Revenue
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Dividends
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Income Summary
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Retained Earnings
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Bal.(1)(2)(3)(4)
Closing entries: -Closing entries refer to journal entries that are made at the end of the accounting year to transfer the balances of temporary accounts to permanent accounts and to establish a new beginning balance for the temporary accounts for the next accounting year.
Closing entries: -Closing entries refer to journal entries that are made at the end of the accounting year to transfer the balances of temporary accounts to permanent accounts and to establish a new beginning balance for the temporary accounts for the next accounting year. Here are the four closing entries that need to be made in the ledger of Bramble Company:Close revenue accounts: Debit Service Revenue and credit Income Summary for $50,000 to close revenue accounts.Close expense accounts: Debit Income Summary for $36,000 and credit Supplies Expense and Salaries and Wages Expense for $8,000 and $28,500, respectively.Close net income/(loss): Debit Income Summary for $14,000 and credit Retained Earnings for $14,000.Close dividends: Debit Retained Earnings for $1,500 and credit Dividends for $1,500. More than 100 wordsThe Retained Earnings of Bramble Company is $31,500. Retained Earnings are an essential component of the Balance Sheet, and it is referred to as a company's "residual equity" since it is derived from the company's total equity. The Retained Earnings represent the sum of all income (losses) from the beginning of the company's operations until now, less any dividends paid out to shareholders. This means that the Retained Earnings account's balance reflects the total amount of profits that have been retained in the company since its inception. The Salaries and Wages Expense of Bramble Company is $28,500. Salaries and Wages Expense represents the total amount of salaries, wages, and other payroll costs incurred by a company during an accounting period. These expenses are usually considered operating expenses, and they are directly related to a company's core business operations. The Supplies Expense of Bramble Company is $8,000. The Supplies Expense represents the cost of supplies used by a company during an accounting period. These expenses are usually considered operating expenses, and they are directly related to a company's core business operations.
To know more about accounting visit:
https://brainly.com/question/5640110
#SPJ11
