Ask Question
BusinessBusiness
Susan Mcconnell
Which of these increases the price of certain foreign-made goods?

Question 7 options:

an import tariff

an excise tax

a sales tax

an income tax
Answer Answers (2)
BusinessBusiness
Cabrera
After becoming certified, a personal trainer obtains liability insurance. What is this an example of
Answer Answers (1)
BusinessBusiness
Scooter
What is the weighted average cost of capital for a corporation that finances an expansion project using 35% retained earnings and the rest as debt capital
Answer Answers (1)
BusinessBusiness
Kylie Trevino
Current GAAP requires that share-based compensation be expensed at the grant date of the stock options award.

(A) True

(B) False
Answer Answers (1)
BusinessBusiness
Guest
On October 5, Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $5,790, and the cost to Marin Company is $3,520. On October 8, Cullumber returns defective goods with a selling price of $920 and a scrap value of $340. Record the transactions on the books of Marin Company, assuming a perpetual approach. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer Answers (1)
BusinessBusiness
Kaylynn
Money to pay current expenses for a municipal revenue bond would normally be placed in which of the following funds? (A) Contingency fund (B) Surplus fund (C) Maintenance fund (D) Sinking fund
Answer Answers (1)
BusinessBusiness
Johanna Campos
A vacation house in Colorado is

a. rival in consumption and not excludable.

b. not rival in consumption and not excludable.

c. rival in consumption and excludable.

d. not rival in consumption and excludable.
Answer Answers (1)
BusinessBusiness
Janet
Blue has forecast sales to be $429,000 in February, $559,000 in March, $599,000 in April, and $639,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May
Answer Answers (1)
BusinessBusiness
Maribel Melton
What is the difference between an implied and an expressed contract
Answer Answers (2)
BusinessBusiness
Emely Frye
Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below. Sales $ 3,500,000 Cost of sales: Direct Material $ 500,000 Direct labor 250,000 Variable Overhead 275,000 Fixed Overhead 600,000 1,625,000 Gross Profit $ 1,875,000 Selling and General & Admin. Exp. Variable 750,000 Fixed 250,000 1,000,000 Operating Income $ 875,000 For the coming year, the management of Evergreen Corporation anticipates a 5 percent decrease in sales, a 10 percent increase in all variable costs, and a $45,000 increase in fixed costs. The operating profit for next year would be:
Answer Answers (1)
BusinessBusiness
Clayton Harmon
Which of the following statements regarding closing journal entries is correct?

a. Closing entries transfer net income (or loss) to the Retained Earnings account.

b. The balance of the Dividends Declared account is transferred to the Retained Earnings account when closing entries are recorded

c. All income statement accounts and the Dividends Declared account are reset to zero in the closing entry process

d. All of the above are correct statements
Answer Answers (1)
BusinessBusiness
Ziggy
Once a contract to purchase has been accepted by the seller, when does the earnest money tendered with the contract need to be deposited into the appropriate escrow account?

1 business day after notice of acceptance

2 business days after notice of acceptance

3 business days after notice of acceptance

4 business days after notice of acceptance
Answer Answers (1)
BusinessBusiness
Heidy
Computer equipment was acquired at the beginning of the year at a cost of $54,500. It had an estimated residual value of $4,100 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation.
Answer Answers (1)
BusinessBusiness
Ashley Fuller
Joe Levi bought a home in Arlington, Texas, for $147,000. He put down 25% and obtained a mortgage for 30 years at 8.00%. What is the difference in interest cost if he had obtained a mortgage rate of 6.00%
Answer Answers (1)
BusinessBusiness
Randall Dennis
You are delivering a presentation and the subject matter concerns whether a company should report convertible debt simply as a liability, or whether embedded features (like the conversion option) in the debt should be separately accounted for as derivatives. Thinking beyond the case facts, list four other considerations you should be prepared to address (such as during Q&A) or background understanding you should gain before presenting
Answer Answers (1)
1 2 3 4 5 ...

Business

Exchange the knowledge in Business with other students. Learn new facts, share them and become better in a chosen subject. Doing Business homework has never been so easy. Show the things you’re an expert in, find facts you don’t know yet and change the way of getting education for free.
Home » Business
Sign Up Forgot Password?