Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of

Answer:

0.45

Explanation:

Total asset turnover indicates the ratio of total assets to total revenue. It evaluates how effectively a company is employing its assets to generate sales.

The calculation is performed as follows: Net Sales / Average Total Assets.

Average total assets are determined by: (Asset at Start + Asset at End) / 2.

Using the given data:

Total revenue = $900,000 and total assets = $2,000,000.

$900,000/$2,000,000 = 0.45.

Note: Since the beginning and ending assets are not specified, we assume $2,000,000 represents the average assets.

Answer:

The right choice is B: Gap 2.

Explanation:

The gaps model of service quality, known as the 5 gaps model, is essential for organizations to guarantee customer satisfaction. Gap 2 specifically addresses the disparity between management perceptions and the actual customer experience. In this gap, managers make it a priority to define and deliver the expected quality of service. In this instance, FedEx is addressing customer-defined performance standards, indicating it plays a significant role in closing Gap 2 in the service quality gaps model.

Response:

A.

Dec. 28, 20Y3

Dr Accounts Receivable - Beasley Co. 18,500

Cr Sales Revenue 18,500

Dec. 28, 20Y3

Dr Cost of Goods Sold 11,200

Cr Inventory 11,200

B.

Jan. 3, 20Y4

Dr Sales Returns and Allowances 4,000

Cr Accounts Receivable - Beasley Co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of Goods Sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales Discount 290

Cr Accounts Receivable - Beasley Co. 14,500

Explanation:

A. Recording the entry for the sale on December 28, 20Y3, using a perpetual inventory system’s net method.

Dec. 28, 20Y3

Dr Accounts Receivable - Beasley Co. 18,500

Cr Sales Revenue 18,500

Dec. 28, 20Y3

Dr Cost of Goods Sold 11,200

Cr Inventory 11,200

B. Journals to record the returns of merchandise

Jan. 3, 20Y4

Dr Sales Returns and Allowances 4,000

Cr Accounts Receivable - Beasley Co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of Goods Sold 2,350

C. Journal entry to document the receipt of amount owed

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales Discount 290

[(18,500-4,000)*2% ]

Cr Accounts Receivable - Beasley Co. 14,500

(18,500-4,000)

<span>For 29 days with 1.3% inflation. Convert to the relative increase: (1+0.013) = 1.013. Calculating (1.013)^29 -1 results in a change of 45.43% (due to compounding). Rounded, that’s 45%.</span>

Answer: $25,000 after 12 years = 25,000*(1.09)^12= $70,316

The value of $7,500 deposits after 6 years

Input these values using a financial calculator

N=6

PV=0

PMT=7,500

I=9

Then calculate FV= $56,425, subsequently

PV= $56,425

PMT= $15,000

I=9

N=6

Compute FV=$ 207,480

We will accumulate (207,480 + 70,316) = $277,796 after 12 years to launch our business.

                                 

Explanation: