6. Harris Corporation is an all-equity firm with 100 million shares outstanding. Harris has $250 million in cash and expects fut

Answer:

Journal Entries

1) Debit Salary Expense $6,667 Credit Bank $6,667

2) Debit Fuel and Maintenance Expense $600, Credit Bank $600

3) Debit Depreciation Expense $amount Credit Accumulated Depreciation $amount

4) Debit Insurance Expense $amount Credit Bank $amount

5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount

6) Debit Accounts Receivable (total of all trips) $amount Credit Service Revenue $amount

Explanation:

The prompt is not complete, but I will create typical journal entries for the transactions without numerical figures.

1) The salary represents one month, and the in brackets is a $80,000*1/12 calculation showing that the $80,000 is annual; should this have been already recorded, we would debit salaries payable $6,667 and credit bank $6,667

4) Insurance expense is debited if paid as incurred, but if there's a Prepaid Insurance account, we credit the Prepaid Insurance account instead of Bank.

Answer:

The EPS will exceed $2.38

Explanation:

Earnings per share represent the funds available to shareholders after all expenses and taxes have been deducted. Restructuring costs are one-off expenses and are classified as other operating expenses in the Income Statement. Including these restructuring and similar charges in the Income Statement leads to reduced Earnings before Tax and eventually lower net profit. Exclusion of these costs will result in increased earnings, consequently raising the company's EPS.

Answer:

An explanation regarding the relevance of social media today in relation to communication within the marketing strategies of businesses is provided below.

Explanation:

To start, companies today need to adjust their communication strategies to align with marketing theories, especially with the influence of the internet and notably social media, in order to effectively connect with their target audience, who are integral to their primary revenue through sales. This highlights why social media has become a fundamental aspect of business development, as they strive to improve in this area to engage effectively with young consumers, who find this form of communication particularly impactful in today's world. Thus, social media represents a crucial mode of communication for younger audiences nowadays, as it plays a vital role in their daily lives.

Answer:

The correct answer is "600000".

Explanation:

The values provided are:

Cost of office furniture,

= $100,000

Cost of the computer system,

= $500,000

• The revised MACRS allows a corporation to gradually reduce the mortgage balance of such depreciating assets.
• In the initial years, MACRS permits accelerated depreciation but then slows down the process. This is advantageous for businesses from a taxation perspective.

Now,

The cost recovery deduction is calculated as:

=

Substituting the values gives us

=

=

Answer:

Explanation:

To compute the value, 8 × 12 = 96 distinct cash flows need to be evaluated.

There's no single formula for this case, as the $6 increase does not follow a constant growth rate.

The monthly payment schedule is:

Month            payment ($)

0 (today)             300

1                           306

2                          312

3                          318

n                          306 + 6 (n-1)

96 (last)               876

Then create a spreadsheet reflecting these details:

• Five columns
• The first column indicates the month starting at month 0 (today)
• The second column represents the initial balance, starting with 0
• The third column calculates interest based on the monthly interest of 6% convertible monthly: 0.06/12 = 0.005.
• The fourth column reflects the deposit amount; $300 in month zero, increasing by $6 each following month.
• The final balance in column five constitutes the initial balance (column two) + interest (column three) + deposit (column four).
• Total rows needed: 96, for 8 years × 12 months/year = 96 months.
• Each row's initial balance equals the previous row's final balance.

Here is a sample for the first three rows:

Month  Initial balance  Interest                    Deposit     Final balance

 0                  0                   0                          300          300

 1                 300             300×0.005 = 1.5    306          607.5

 2                607.5          607.5×0.005           312          922.54

Continue this process until you complete the 96 rows to arrive at the account balance after eight years, which is reflected as the final row shows