In: Computer Science
What are the permissions for your home directory set by your system administrator? What command did you use to answer the question? Show your session.
In: Computer Science
In: Computer Science
Sales and A customer's written promise to pay an amount and possibly interest at an agreed-upon rate.Notes Receivable Transactions
The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company:
| Jan. 21. | Sold merchandise on account to Black Tie Co., $28,000. The cost of goods sold was $16,800. | |
| Mar. 18. | Accepted a 60-day, 6% note for $28,000 from Black Tie Co. on account. | |
| May 17. | Received from Black Tie Co. the amount due on the note of March 18. | |
| June 15. | Sold merchandise on account, terms 1/10, n/30, to Pioneer Co. for $17,700. Record the sale net of the discount. The cost of goods sold was $10,600. | |
| 21. | Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note. | |
| 25. | Received from Pioneer Co. the amount due on the invoice of June 15, less 1% discount. | |
| July 21. | Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.) | |
| Sept. 19. | Received from JR Stutts the amount due on her note of July 21. | |
| 22. | Sold merchandise on account to Wycoff Co., $20,000. The cost of goods sold was $12,000. | |
| Oct. 14. | Accepted a 30-day, 6% note for $20,000 from Wycoff Co. on account. | |
| Nov. 13. | Wycoff Co. dishonored the note dated October 14. | |
| Dec. 28. | Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 45 days at 8% computed on the maturity value of the note. |
Required:
Journalize the entries to record the transactions. Assume 360 days in a year. For a compound entry, if an amount box does not require an entry, leave it blank. Assume this is a year in which February has 28 days.
In: Accounting
Sales and Notes Receivable Transactions
The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company:
| Jan. 21. | Sold merchandise on account to Black Tie Co., $27,000. The cost of merchandise sold was $16,200. | |
| Mar. 18. | Accepted a 60-day, 6% note for $27,000 from Black Tie Co. on account. | |
| May 17. | Received from Black Tie Co. the amount due on the note of March 18. | |
| June 15. | Sold merchandise on account to Pioneer Co. for $17,100. The cost of merchandise sold was $10,260. | |
| 21. | Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note. | |
| 25. | Received from Pioneer Co. the amount due on the invoice of June 15. | |
| July 21. | Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.) | |
| Sept. 19. | Received from JR Stutts the amount due on her note of July 21. | |
| 22. | Sold merchandise on account to Wycoff Co., $60,000. The cost of merchandise sold was $36,000. | |
| Oct. 14. | Accepted a 60-day, 6% note for $60,000 from Wycoff Co. on account. | |
| Nov. 13. | Wycoff Co. dishonored the note dated October 14. | |
| Dec. 28. | Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 15 days at 12% computed on the maturity value of the note. |
Required:
Journalize the entries to record the transactions. Assume 360 days in a year. For a compound entry, if an amount box does not require an entry, leave it
| Jan. 21-sale | |||
| Jan. 21-cost | |||
| Mar. 18 | |||
| May 17 | |||
| June 15-sale | |||
| June 15-cost | |||
| June 21 | |||
| June 25 | |||
| July 21 | |||
| Sept. 19-note | |||
| Sept. 22-sale | |||
| Sept. 22-cost | |||
| Oct. 14 | |||
| Nov. 13 | |||
| Dec. 28 | |||
In: Accounting
In: Economics
Appendix: Completing an End-of-Period Spreadsheet
Alert Security Services Co. offers security services to business clients.
| Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2016 |
|||||||||||||
| Adjusted Trial Balance | Income Statement | Balance Sheet | |||||||||||
| Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |||||||
| Cash | 12 | ||||||||||||
| Accounts Receivable | 103 | ||||||||||||
| Supplies | 4 | ||||||||||||
| Prepaid Insurance | 2 | ||||||||||||
| Land | 190 | ||||||||||||
| Equipment | 50 | ||||||||||||
| Accum. Depr. - Equipment | 7 | ||||||||||||
| Accounts Payable | 36 | ||||||||||||
| Wages Payable | 1 | ||||||||||||
| Common Stock | 50 | ||||||||||||
| Retained Earnings | 210 | ||||||||||||
| Dividends | 8 | ||||||||||||
| Fees Earned | 213 | ||||||||||||
| Wages Expense | 111 | ||||||||||||
| Rent Expense | 12 | ||||||||||||
| Insurance Expense | 10 | ||||||||||||
| Utilities Expense | 6 | ||||||||||||
| Supplies Expense | 4 | ||||||||||||
| Depreciation Expense | 3 | ||||||||||||
| Miscellaneous Expense | 2 | ||||||||||||
| 517 | 517 | ||||||||||||
Complete the following end-of-period spreadsheet for Alert Security Services Co. If an amount box does not require an entry, leave it blank. Enter all amounts as positive numbers.
| Alert Security Services Co. | ||||||
| End-of-Period Spreadsheet (Work Sheet) | ||||||
| For the Year Ended October 31, 2016 | ||||||
| Account Title | Adjusted Trial Balance Debit | Adjusted Trial Balance Credit | Income Statement Debit | Income Statement Credit | Balance Sheet Debit | Balance Sheet Credit |
| Cash | 12 | |||||
| Accounts Receivable | 103 | |||||
| Supplies | 4 | |||||
| Prepaid Insurance | 2 | |||||
| Land | 190 | |||||
| Equipment | 50 | |||||
| Accum. Depr.-Equipment | 7 | |||||
| Accounts Payable | 36 | |||||
| Wages Payable | 1 | |||||
| Common Stock | 50 | |||||
| Retained Earnings | 210 | |||||
| Dividends | 8 | |||||
| Fees Earned | 213 | |||||
| Wages Expense | 111 | |||||
| Rent Expense | 12 | |||||
| Insurance Expense | 10 | |||||
| Utilities Expense | 6 | |||||
| Supplies Expense | 4 | |||||
| Depreciation Expense | 3 | |||||
| Miscellaneous Expense | 2 | |||||
| Totals | 517 | 517 | ||||
| Net income (loss) | ||||||
In: Accounting
A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $65. The project's cash flows that come in at the end of each year are $23 for 5 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 15%?
$_____
Place your answer in dollars and cents without the use of a dollar sign or comma. If applicable, a negative answer should have a "minus" sign in front of the number.
Work your analysis out to at least 4 decimal places of accuracy.
Based upon the NPV decision rule, should the company accept or reject the project?
Answer #2:(Yes or No) Place your aswer as the word "yes" or the word "no".
In: Finance
1. A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $69. The project's cash flows that come in at the end of each year are $26 for 5 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 11%
Based upon the NPV decision rule, should the company accept or reject the project?
In: Finance
You are the head media planner for a small chain of upscale furniture outlets in a top-50 market that concentrates most of its advertising in the Sunday supplement of the local newspaper. The client also schedules display ads in the daily editions for special sales. Six months ago a new, high style metropolitan magazine approached you about advertising for your client. You deferred a decision by saying you’d see what reader acceptance would be. Now the magazine has shown some steady increases (its circulation is now about one-quarter of the newspapers). If you were to include the magazine on the ad schedule, you’d have to reduce the newspaper media somewhat. What would be your recommendation to the furniture store?
In: Operations Management