# The skill you’re focusing on this week is:

could you explain some more please

## Related Questions

An investment has the following characteristics:ATIRRP: After-tax IRR on total investment in the property: 9.0%BTIRRE: Before-tax IRR on equity invested: 17%BTIRRP: Before-tax IRR on total investment in the property: 12%t: Marginal tax rate: 0.40What would be the break-even interest rate (BEIR), at which the use of leverage neither favorable nor unfavorable? (A)(A) 15.0%(B) 20.0%(C) 22.5%(D) 28.3%

Option (A) is correct.

Explanation:

Given that,

After-tax IRR on total investment in the property = 9.0%

Before-tax IRR on equity invested = 17%

Before-tax IRR on total investment in the property = 12%

t: Marginal tax rate = 0.40

Break Even Interest rate (neither favorable nor unfavorable):

= After tax IRR on total investment ÷ (1 - Tax rate )

= 9% ÷ (1 - 0.40)

= 9% ÷ 0.60

= 15%

How would the issuance of a mortgage note in exchange for a building be reported on the statement of cash flows? A. Noncash finenctng and Investing actvity
B. Investing actvity
C. Operating activity
D. Financng activity

A. Noncash financing and Investing activity

Explanation:

The Cash Flow Statement records all Cash related transactions and used to determine the movement in the Balance of Cash and Cash Equivalent. When mortgage note is issued in exchange of a building, this is simply an Exchange of Assets without the movement of cash. Non - Cash activities are not shown in the Cash Flow Statement.

A recent study about online shopping asked respondents to indicate their education level on the following scale "Less than High School, " "High School, " "Some College, " "College+". Which of the following statements is (are) I. Education level is a categorical variable.II. Education level is nominal scaled.III. Education level is ordinal scaled. A. I onlyB. III onlyC. Both I and IIID. Both I and III

C. Both I and III.

Explanation:

The education level is categorical variable and is ordinal scaled.

Ordinal level is a second level statistical measurement technique. It allows ranks to the data for its categorization and degree of variation is not determined between data.  Education level is ordinal scale because it provides orders of quantitative data.

On June 10, Marin Company purchased \$8,400 of merchandise from Cullumber Company, on account, terms 3/10, n/30. Marin pays the freight costs of \$380 on June 11. Goods totaling \$500 are returned to Cullumber for credit on June 12. On June 19, Marin Company pays Cullumber Company in full, less the purchase discount. Both companies use a perpetual inventory system.Prepare separate entries for each transaction on the books of Cullumber Company

Debit            Credit

June 10   Accounts Receivables        \$8400

Merchandise                                        \$8400

June 12    Merchandise                     \$500

Accounts Receivables                             \$500

June 19    Cash                                  7663

Discount                             237

Accounts Receivables                            \$7900

Explanation:

The transactions in Cullumber's books include sales revenue, accounts receivable, sales returns and allowances, and finally a cash entry alongside sales discounts when Marin pays the balance due.

### Explanation:

The transactions on the books of Cullumber Company would be recorded as follows:

1. On June 10, Marin Company purchases \$8,400 worth of goods. In the books of Cullumber, this would be recorded as: Accounts Receivable - Marin Company \$8,400andSales Revenue \$8,400
2. On June 11, Marin pays freight costs of \$380. This has no effect on the entries in the books of Cullumber Company.
3. On June 12, Goods totaling \$500 are returned by Marin. This would be recorded as: Sales Returns and Allowances \$500 and Accounts Receivable - Marin Company \$500
4. On June 19, Marin pays off the balance less the purchase discount. The payment can be recorded as: Cash \$7,621, Sales Discounts \$279 and Accounts Receivable – Marin Company \$7,900. The sales discount is (3% of \$8400-\$500) = \$279.

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Oriole Company has collected the following information related to its December 31, 2017, balance sheet.Accounts receivable \$16,000
Accumulated depreciation—equipment 46,700
Cash 11,000

Equipment \$173500
Inventory 64,500
Supplies 5,000

Requried:
Prepare the assets section of Oriole's balance sheet.

## Oriole Company

Assets side of the Balance Sheet:

Assets:

Current Assets:

Cash                               \$11,000

Accounts Receivable      16,000

Supplies                           5,000

Inventory                       64,500           \$96,500

Non-current assets:

Equipment                 \$173,500

less acc. depreciation   47,700          \$125,800

Total Assets                                      \$222,300

Explanation:

The assets side of the balance sheet is usually prepared in the order of liquidity, starting with the most liquid assets, Cash in the Current Assets subsection, or working capital for running the operations of the business.  It ends with the most illiquid assets called non-current assets, which form the core resources of the entity in generating revenue.  The accumulated depreciation is subtracted from the non-current assets to obtain the net non-current or fixed assets value.

The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambulance. The decision will rest partly on the anticipated mileage" be driven next year. The miles driven during the past 5years are as follows:
Year Mileage
1 3000
2 4000
3 3400
4 3800
5 3700
a) Forecast the mileage for next year using a 2-year moving average.
b) Find the MAD based on the 2-year moving average forecast in part (a), (Hint: You will have only 3 years of matched data.)
c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) What MAD results from using this approach to forecasting? (Hint: You will have only 3 years of matched data.)
d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 miles, and a = .5.

Explanation:

A) using 2-year moving average :

Year 6 : (3800 + 3700) = 7500 / 2 = 3750

2) Mean absolute deviation based on the forecast above :

(3000 + 4000) = 7000/2 = 3500

(4000 + 3400) = 7400/2 = 3700

(3400 + 3800) = 7200/2 = 3600

3000

4000

3400 __3500__100

3800__3700__100

3700__3600__100

Mean absolute deviation = (100 + 100 + 100) /3 = 300/3 = 100

C) weight of 0.4 and 0.6

(0.4*3000 + 0.6*4000) = 3600

(0.4*4000 + 0.6*3400) = 3640

(0.4*3400 + 0.6*3800) = 3640

3000

4000

3400 __3600__200

3800__3640__160

3700__3640__60

(200 + 160 + 60) = 420 / 3 = 140