ow.] On July 15, 2021, the Nixon Car Company purchased 1,100 tires from the Harwell Company for $50 each. The terms of the sale were 3/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts. Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021. 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2021.
Answers: 3
Business, 22.06.2019 03:00
Which of the following is not a consideration when determining your asset allocation
Answers: 3
Business, 22.06.2019 06:40
Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?
Answers: 1
Business, 22.06.2019 12:30
Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?
Answers: 1
ow.] On July 15, 2021, the Nixon Car Company purchased 1,100 tires from the Harwell Company for $50...
Biology, 02.09.2019 02:10
English, 02.09.2019 02:10
Social Studies, 02.09.2019 02:10
Mathematics, 02.09.2019 02:10
Mathematics, 02.09.2019 02:10
Social Studies, 02.09.2019 02:10
Geography, 02.09.2019 02:10
Mathematics, 02.09.2019 02:10
Mathematics, 02.09.2019 02:10
Health, 02.09.2019 02:10
World Languages, 02.09.2019 02:10