Scarlet Company received an invoice for $80,000.00 that had payment terms of 3/5 n/30. If it made a partial payment of $16,300.00 during the discount period, calculate the balance of the invoice. $0.00 Round to the nearest cent Questions
Q: You aren't done with mortgages yet -- a quick review question to reflect the importance of this…
A: Step 1: Given Value for Calculation Compound = Monthly = 12Purchase Price of House = pp =…
Q: A project has an IRR of 10%. It has the following cash flows where X is the initial outlay (i.e.,…
A: Calculate the NPV of the project as follows:Formula sheet:Notes:To understand the calculation of the…
Q: You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost…
A: SEE THE SCREENSHOT(S). ANY DOUBTS, FEEL FREE TO ASK. THANK YOUIf you have any query about the topic,…
Q: Consider the following information on two stocks: P(State) Stock A Stock B Boom 20% 30% 20% Normal…
A: Certainly! Let's break down the steps to calculate the standard deviation of the portfolio:1.…
Q: None
A: Double-checking the calculations:There seems to be a mistake in the answer choices. Our calculation…
Q: A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: ° 1…
A: Step 1: The calculation of the IRR with a better project ABC1YearProject SProject L20 $-1,000.00…
Q: Baghiben
A: Step 1:Bond duration is a metric that reveals how much a bond's price may move in response to…
Q: Raghubhai
A: The objective of this question is to calculate the required return on a stock given the dividend…
Q: You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner…
A: Step 1: Calculate the annual depreciation expense.Annual depreciation expense = $5,300,000 / 4 years…
Q: Quiz 12 - Stocks Stocks 1. A stock is expected to paid a dividend of f $2.9 you just sold it for…
A: The stock's return is a measure of the overall gain (or loss) an investor realizes from holding the…
Q: Kim Inc. must install a new air-conditioning unit in its main plant. Kim must install one or the…
A: Step 1:a. The correct answer is III. Since we are examining costs, the unit chosen would be the one…
Q: Daily Enterprises is purchasing a $10.4 million machine. It will cost $46,000 to transport and…
A: Breakdown of the incremental free cash flows (FCF) for Daily Enterprises associated with the new…
Q: Reconsider the determination of the hedge ratio in the two-state model where we showed that…
A: a.Solution:Upper state (uS0) = 135Down State (dS0) = 115Difference = 20Exercise priceHedge…
Q: None
A: Break-even analysis is a fundamental tool used by businesses to understand the point at which their…
Q: Bhupatbhai
A: Step 1: The calculation oif the market value of equity ABC1Free cash flow $ 205…
Q: Suppose that Gyp Sum Industries currently has the balance sheet shown. below, and that sales for the…
A: Step 1:A balance sheet is a type of financial statement that shows a company's assets, liabilities,…
Q: Provide an explanation of the impact of external factors on the financial position of your selected…
A: The Impact of External Factors on PepsiCo's Financial PositionThis analysis will explore how…
Q: Problem 13-05 Charlotte's Clothing issued a 7 percent bond with a maturity date of 18 years. Six…
A: Answer image:
Q: Corporate Finance If a company is profitable and pays taxes, why is the cost of its debt rd(1-t),…
A: Why Profitable, Tax-Paying Companies Enjoy a Lower Cost of Debt (rd(1-t)) For prosperous enterprises…
Q: Compute Cohen’s kappa to assess reliability using Rater 1 and Rater 2. Interpret theoutput as in…
A: Suppose we have the following contingency table based on their assessments: Rater 2: YesRater 2: No…
Q: NPV. Grady Precision Measurement Tools has forecasted the following sales and costs for a new GPS…
A: 1. Annual Revenue Calculation: Annual sales volume ( times ) Price per unit 46,000 units times…
Q: Your portfolio has three asset classes. U.S. government T-bills account for 48% of the portfolio,…
A: The information given is as follows: AssetProportion in the portfolioExpected returnU.S. government…
Q: Rare Agri-Products Ltd. is considering a new project with a projected life of seven (7) years. The…
A: Let's examine the computations and provide a more thorough explanation of the procedure. 1.…
Q: Consider the following information: Rate of Return if State Occurs Probability of State State of…
A: Formula
Q: Data: So=102; X = 115; 1 + r=1.1. The two possibilities for ST are 146 and 84. Required: a. The…
A: Step 1:To find the hedge ratio of the put, we need to determine the change in put price relative to…
Q: Based on this image, how many stocks does it take to eliminate most of the diversifiable risk?
A: ### Diversification and Risk Reduction**1. Diversifiable Risk (Unsystematic Risk):** -…
Q: Praxis Corp. has to choose between two mutually exclusive projects. If it chooses project A, Praxis…
A: The objective of the question is to calculate the difference in the net present value (NPV) of two…
Q: fix and give correct answers please. i will upvote!
A: b)Dividend payout = $1,500,000*50% = $750,000Dividend he received=( $750,000/780,000)*1300 =…
Q: Draw the second best resonance structure for the following aromatic compound. NH
A:
Q: Raghubhai
A: xa=((15%)^2-30%*15%*0.36)/((30%)^2+(15%)^2-2*30%*15%*0.36)=0.078652 Expected return==…
Q: Raghubhai
A: The objective of the question is to calculate the actual percentage capital change on each bond and…
Q: Show graphically and in a table the profit and futures price relationships at expiration for the…
A: Profit and Futures Price Relationships at ExpirationThis analysis will show the profit and loss at…
Q: EMM, Inc. has the following balance sheet: EMM, Incorporated Balance Sheet as of 12/31/X0…
A: Step 1: Computed for the forecasted balances using the relationship between sales and the balance…
Q: Corporate Finance In Reddit’s IPO, shares were issued at $34, and increased 48% that day, closing at…
A: The objective of the question is to understand whether the founders of Reddit would be upset at the…
Q: A stock is expected to pay its first annual dividend in 3 years. The dividend is expected to stay…
A: let's break down each part of the solution in more detail:Part 1: PV of the first-stage dividendsIn…
Q: please answer correctly:
A: Let's examine the derivation of the EAC and NPV calculations in more detail. 1. EAC Calculation:…
Q: fix and give correct answers please. i will upvote!
A: Step 1:1. **Cost of Leasing**: We need to find the present value (PV) of the leasing payments. The…
Q: Three days ago, you entered into a futures contract to sell 62,500 at $1.50 per . Over the past…
A: To calculate your profit or loss, look at the difference between the contract price and the…
Q: You observe that the inflation rate in the USA is 2 percent per year and that T-bills curently yeild…
A: 1. Calculating Inflation Rate for AustraliaGiven:- U.S. inflation rate (i_e) = 2.0%- U.S. nominal…
Q: You just graduated and started your new job. Your starting salary is $80,000/year. Your employer's…
A: Let's examine each stage in more detail: If you make no contributions, how much ($) will your…
Q: You make periodic deposits of $100 at the end of every six months to an account that pays 4.5%…
A: Part a: Calculating the Future Value of the Account 1. Interest Rate Per Period: The interest rate…
Q: Currency Exchange Rates Custom Shutters, Inc., manufactures plantation shutters according to…
A: Custom Shutters Currency Exchange Analysis1. Expected Francs and Yen on October 1 (Spot Rate):Swiss…
Q: What statistic would we use if we had one independent variable, geographic location (North, South,…
A: Detailed explanation:Let's talk about the chi-squared test for independence and how it applies to…
Q: Textbook is Essentials of Investments, 11th edition, by Bodie, Kane, and Marcus. For Chapter 11,…
A: Specifically, for the zero-coupon bond in the problem: Present Value of the Cash Flow = $1,000 / (1…
Q: You are considering the purchase of 100 units of a 3-month 25 - strike European call option on a…
A: As per Black Scholes ModelValue of call option = number of units(S*e^(q*t))*N(d1)-N(d2)*K*e^(-r*t)…
Q: Needs Complete solution plz.
A: The objective of this question is to find out the annual rate of return that Rachel needs to earn on…
Q: A limited is considering introducing an executive share option scheme. The scheme would be offered…
A: In conclusion, A Limited's proposed executive share option scheme presents an attractive opportunity…
Q: You need to estimate the value of Laputa Aviation. You have the following forecasts (in millions of…
A: Step 1:Calculation of WACC:WACC=(Ke × We) + (Kd × Wd)=((12%×40%)+(7%×(1−30%)×60%))×100=7.74Cost of…
Q: None
A: Answer information:Step 1:Starbucks is a well-known international network of coffee shops that has a…
Q: Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $9,000 per…
A: Step 1: Given Value for Calculation Initial Outlay = i = $45,000Cash Flow = cf = $9000Time = t = 9…
Step by step
Solved in 2 steps
- On June 1, Phillips Corporation sold, with recourse, a note receivable from a customer to a bank. The note has a face value of 15,000 and a maturity value (principal plus interest) of 15,400. The discount is calculated to be 385, and the accrued interest income is 100. The recourse liability is estimated to be 1,000. Prepare the journal entry of Phillips to record the sale of the note receivable.On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to McLaughlin Company for cash. McLaughlin Company charges a 750 service fee, advances 85% of Jordans accounts receivable, and charges an annual interest rate of 9% on any outstanding loan balance. Prepare the related journal entries for Jordan.Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts receivable balance of $844,260, and an ending accounts receivable balance of $604,930. Compute the accounts receivable turnover ratio and the number of days sales in receivables ratio for 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Starlight Enterprises if the industry average is 1.5 times and the number of days sales ratio is 175 days?
- If a customer purchased merchandise in the amount of $340, terms 3/10, n/30, returned $70 of the inventory for a full refund, and received an allowance for $65, how much discount would be applied if the customer remitted payment within the discount window?Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual interest rate of 3.5%, due in 6 months. What journal entry is created when Jain honors the note?Resin Milling issued a $390,500 note on January 1, 2018 to a customer in exchange for merchandise. The merchandise had a cost to Resin Milling of $170,000. The terms of the note are 24-month maturity date on December 31, 2019 at a 5% annual interest rate. The customer does not pay on its account and dishonors the note. Record the journal entries for Resin Milling for the following transactions. A. Initial sale on January 1, 2018 B. Dishonored note entry on January 1, 2020, assuming interest has not been recognized before note maturity
- If a retailer purchased inventory in the amount of $750, terms 2/10, n/60, returned $30 of the inventory for a full refund, and received an allowance for $95, how much would the discount be if the retailer remitted payment within the discount window?Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from the bank in the amount of $310,000. The terms of the loan are 6.5% annual interest rate, payable in three months. Interest is due in equal payments each month. Compute the interest expense due each month. Show the journal entry to recognize the interest payment on February 24, and the entry for payment of the short-term note and final interest payment on April 24. Round to the nearest cent if required.Spath Company borrows 75,000 by issuing a 4-year, noninterest-bearing note to a customer on January 1, 2019. In addition, Spath agrees to sell inventory to the customer at reduced prices over a 5-year period. Spaths incremental borrowing rate is 12%. The customer agrees to purchase an equal amount of inventory each year over the 5-year period so that a straight-line method of revenue recognition is appropriate. Required: Prepare the journal entries on Spaths books for 2019 and 2020. (Round answers to 2 decimal places.)
- A company collects an honored note with a maturity date of 24 months from establishment, a 10% interest rate, and an initial loan amount of $30,000. Which accounts are used to record collection of the honored note at maturity date? A. Interest Revenue, Interest Expense, Cash B. Interest Receivable, Cash, Notes Receivable C. Interest Revenue, Interest Receivable, Cash, Notes Receivable D. Notes Receivable, Interest Revenue, Cash, Interest ExpenseInferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120 in its accounts receivable. Additionally, Karras had a credit balance in its allowance for doubtful accounts of 4,350 and 9,420 at the beginning and end of the year, respectively. During the year, Karras made credit sales of 1,530,000, collected receivables in the amount of 1,445,700, and recorded bad debt expense of 83, 750. Required: Next Level Compute the amount of accounts receivable that Karras wrote off during the year and the amount of accounts receivable at the beginning of the year.Review the following transactions, and prepare any necessary journal entries for Sewing Masters Inc. A. On October 3, Sewing Masters Inc. purchases 800 yards of fabric (Fabric Inventory) at $9.00 per yard from a supplier, on credit. Terms of the purchase are 1/5, n/40 from the invoice date of October 3. B. On October 8, Sewing Masters Inc. purchases 300 more yards of fabric from the same supplier at an increased price of $9.25 per yard, on credit. Terms of the purchase are 5/10, n/20 from the invoice date of October 8. C. On October 18, Sewing Masters pays cash for the amount due to the fabric supplier from the October 8 transaction. D. On October 23, Sewing Masters pays cash for the amount due to the fabric supplier from the October 3 transaction.
