Greenland Sports, Inc. has been asked to submit a bid to the National Hockey League on supplying 1,000 pairs of professional quality skates. The cost per pair of skates has been determined as follows:
Direct labor 60
Variable overhead 30
Fixed overhead (allocated) 20 Other non-manufacturing costs associated with each pair of skates are: Fixed selling and administrative costs 10
Assume the commission on the sale of skates to the National Hockey League would be reduced to $15 per pair and that available production capacity exists to produce the 1,000 pairs of skates, the lowest price the firm can bid is some price greater than:
a. $185.
b. $190.
c. $215.
d. $225.

Erwick Construction Company may not succeed in its claim for the $20,000 final payment.

The contract between Erwick and Charles specified the use of Karlene pipe for all plumbing, but Erwick substituted it with Boynton pipe without Charles' consent.

This constitutes a breach of contract as Erwick did not fulfill the terms of the agreement. Charles has the right to refuse payment as the final payment was contingent upon the completion of the agreed-upon specifications.

The fact that the substituted Boynton pipe is equally good does not excuse Erwick's breach of contract. Charles may also be entitled to damages resulting from the breach, such as the cost of replacing the Boynton pipe with Karlene pipe.

Therefore, Erwick may not be successful in its claim for the $20,000 final payment and may be liable for damages resulting from the breach of contract.

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To receive an income of $100,000 per year beginning on the day you retire and continuing for another 19 years, while investing in risk-free government bonds at a guaranteed rate of 3 percent per year, you would need to have saved $1,405,580 on the day of your retirement.

- Income: $100,000 per year
- Retire: Day 1 (start of income)
- Duration: 19 years
- Interest rate: 3%

To calculate the amount you need on the day you retire, we need to find the present value of an annuity. The formula for present value of an annuity is:

PV = P * [(1 - (1 + r)^(-n)) / r] * (1 + r)

where:
PV = present value
P = annual payment ($100,000)
r = interest rate (3% or 0.03)
n = number of years (19)

PV = $100,000 x [(1 - 0.43842) / 0.03] x 1.03

PV = $100,000 x 14.0558

PV = $1,405,580

Therefore, if you want to receive income of $100,000 per year for 19 years with a guaranteed rate of 3% per year from risk-free government bonds, you would need to have saved $1,405,580 on the day of your retirement.

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The statement "an S shareholder's stock basis does not include a ratable share of S corporation liabilities" is actually true because the company and does not include a share of the company's liabilities.

The stock basis only includes the amount of money the shareholder has invested in the company, such as the purchase price of the stock and any additional contributions made. It does not include the company's liabilities, which are debts or obligations that the company owes to others.

This means that if the S corporation has debt or other liabilities, the shareholder's stock basis is not affected by them. However, it's worth noting that if the shareholder personally guarantees any of the company's debts, this could potentially impact their stock basis.

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The future value of this annuity due problem is approximately $58,870.26 if the first payment of $6,887 is invested now.

Based on the information given, this is an annuity due problem since the first payment is made immediately. Using the formula for the future value of an annuity due:
FV = PMT x (((1 + r)^n - 1) / r) x (1 + r)
Where:
PMT = $6,887 (the annual payment)
r = 8% (the interest rate per year)
n = 6 (the number of years)
Plugging in these values, we get:
FV = $6,887 x (((1 + 0.08)^6 - 1) / 0.08) x (1 + 0.08)
FV = $6,887 x (7.5265) x (1.08)
FV = $58,870.26 (rounded to the nearest cent)

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To create a spreadsheet model for this problem, we can use the traveling salesman problem (TSP) algorithm to find the shortest possible route that visits all eight cities exactly once and returns to the starting point.

To create a spreadsheet model for this problem, we can use the traveling salesman problem (TSP) algorithm to find the shortest possible route that visits all eight cities exactly once and returns to the starting point.

We can use the ticket prices provided in the table below to calculate the cost of each leg of the trip, and then sum those costs to get the total cost of the tour. The TSP algorithm will provide two different routes: a good tour, which is the shortest tour found by the algorithm, and a better tour, which is a tour that is within 10% of the length of the good tour.

To find the good tour, we can use the TSP algorithm built into Excel. We select all the cells containing the distances between the cities, go to the "Data" tab, click on "Solver" and set up the following parameters:

Set the objective to minimize the total cost by changing the order of the cities visited.

Add a constraint that all cities must be visited exactly once.

Add a constraint that the tour must end in Seattle, the starting point.

After running Solver, we get the following good tour:

Seattle -> Los Angeles -> Phoenix -> Dallas -> Chicago -> Tampa -> San Francisco -> Denver -> Seattle

The total cost of this tour is $1,625.

To find the better tour, we can repeat the same steps as above, but add a constraint that the total cost must be within 10% of the cost of the good tour. After running Solver, we get the following better tour:

Seattle -> Los Angeles -> Phoenix -> Dallas -> Chicago -> Tampa -> San Francisco -> Denver -> Seattle

The total cost of this tour is $1,625, which is the same as the good tour.

b) The fan has budgeted $2,200 for air

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You should not go ahead with the proposed ad campaign, as it's expected to result in a net loss. Instead, consider exploring alternative marketing strategies or renegotiate with the marketing firm to develop a more effective campaign.

However, it's important to consider other factors such as the current financial situation of the business and whether or not the proposed campaign aligns with the overall marketing strategy. It may be helpful to weigh the potential benefits and costs before making a final decision.

To determine if you should go ahead with the proposed ad campaign, you need to consider the Net Present Value (NPV) of the project, including the marketing firm's fee.
1.  Marketing firm fee + Proposed campaign NPV.
  Total cost = $100,000 + (-$8,500)
  Total cost = $91,500

2. Determine if the project's NPV is positive or negative.
  Since the NPV of the campaign is -$8,500, it means that the campaign is expected to generate a net loss of $8,500 (not counting the marketing firm fee).
3. In this case, the NPV is negative, which means the campaign is expected to lose value over time.

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Cost of completed and transferred-out production is $177,440

Cost of the ending work in process inventory is $11,650

Cost of the ending work in process inventory is $11,650

Total costs assigned by the Rolling Department is $189,090.

How to determine the cost of completed and transferred-out production?

We need to multiply the equivalent units of completed and transferred-out units by the cost per equivalent unit for direct materials and conversion.

For direct materials:

54,000 equivalent units completed and transferred-out x $1.75 cost per equivalent unit = $94,500

For conversion:

57,200 equivalent units completed and transferred-out x $1.45 cost per equivalent unit = $82,940

Therefore, the cost of completed and transferred-out production is:

$94,500 + $82,940 = $177,440

To determine the cost of the ending work in process inventory, we need to multiply the equivalent units of ending work in process by the cost per equivalent unit for direct materials and conversion.

For direct materials:

5,000 equivalent units in ending work in process x $1.75 cost per equivalent unit = $8,750

For conversion:

2,000 equivalent units in ending work in process x $1.45 cost per equivalent unit = $2,900

Therefore, the cost of the ending work in process inventory is:

$8,750 + $2,900 = $11,650

To determine the total costs assigned by the Rolling Department, we need to add the cost of completed and transferred-out production to the cost of the ending work in process inventory.

$177,440 + $11,650 = $189,090

Therefore, the total costs assigned by the Rolling Department is $189,090.

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Be aware of your body language. Any job interview requires you to maintain eye contact, but video interviews require it more than others. You should hold your camera at eye level.

It's crucial to confirm an interview time so that you will be sure to appear on time. You can figure out how much time you have to prepare for the meeting—whether it's in person, on the phone, or during a virtual conference call—and schedule your attendance appropriately.

Take some time to consider the offer and weigh the advantages and disadvantages. If you decide to accept, you are not required to respond straight away.

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The betas for the Aggressive and Defensive stocks are approximately 0.492 and -0.692, respectively.

Based on the provided data, we can calculate the betas of the two stocks by comparing their expected returns to the market returns. The beta measures the stock's sensitivity to market movements.

Market Return | Aggressive Stock | Defensive Stock 8% | 3.9% | 5.7% 20% | 30% | 14%

First, we need to find the excess return for each stock:

Excess Return = (Stock Return - Market Return)

Aggressive Stock: 3.9% - 8% = -4.1% (at 8% Market Return) 30% - 20% = 10% (at 20% Market Return)

Defensive Stock:

5.7% - 8% = -2.3% (at 8% Market Return)

14% - 20% = -6% (at 20% Market Return)

Next, we calculate the betas using the excess returns:

Beta = (Excess Return of Stock) / (Excess Return of Market) Excess Return of Market = 20% - 8% = 12% Aggressive Stock Beta:

(-4.1% + 10%) / 12% = 5.9% / 12% ≈ 0.492

Defensive Stock Beta:

(-2.3% - 6%) / 12% = -8.3% / 12% ≈ -0.692

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Monopolistic competition is a market structure characterized by a large number of firms operating in the same industry, producing similar but not identical products, and with a certain degree of control over the price they charge. Here option D is the correct answer.

The first characteristic of monopolistic competition is a large number of firms. This means that there are many players in the market, each with a small market share. This allows for a degree of competition between firms.

The second characteristic of monopolistic competition is that firms produce non-identical products. This means that firms differentiate their products from their competitors in some way, such as through branding, design, or quality. This allows firms to create a degree of customer loyalty to their brand, which helps to protect them from direct competition.

The third characteristic of monopolistic competition is a certain level of customer loyalty to each brand. Customers may have a preference for a particular brand because of its unique characteristics, which can create a degree of market power for the firm.

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Complete question:

Which of the following are characteristics of monopolistic competition?

A) A large number of firms in the industry

B) Firms produce non-identical products

C) A certain level of customer loyalty to each brand

D) All of the above

The publication of the novel contributed to a change in the relationship between government and big business by raising public awareness about the negative impacts of unchecked corporate power.

This increased scrutiny led to government intervention through regulations and antitrust laws, aiming to protect consumers and promote fair competition in the market. The novel referred to in this question is most likely "The Jungle" by Upton Sinclair. The publication of this novel in 1906 contributed to a change in the relationship between government and big business by exposing the unsanitary and unsafe working conditions in the meatpacking industry, which ultimately led to the passage of the Pure Food and Drug Act and the Meat Inspection Act in 1906. These laws mandated federal inspection of meat and required accurate labeling of food products. The government's increased involvement in regulating businesses' production processes marked a shift towards greater accountability and oversight of big business by the government. Additionally, the novel sparked public outrage and created momentum for the Progressive Movement, which aimed to address social and economic problems through government intervention.

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The project can be completed in less than 130 days as per the information given and the probability is 0.5. The answer is 130 i.e. option A.

To calculate the estimated time for the project with a 50% probability, we need to use the formula:
Estimated time = critical path time + (Z-score for 50% probability * square root of sum of variances along critical path)
The Z-score for a 50% probability is 0, since it represents the median.
Plugging in the given values, we get:
Estimated time = 125 + (0 * square root of 36)
Estimated time = 125

However, since we are looking for the time with a 50% probability, we need to factor in the variance of all activities. We can do this by calculating the standard deviation of the entire project:
Standard deviation = square root of sum of all activity variances
Standard deviation = square root of 64
Standard deviation = 8

Now we can calculate the estimated time with a 50% probability using the formula:
Estimated time = critical path time + (Z-score for 50% probability * standard deviation of entire project)
Plugging in the given values, we get:
Estimated time = 125 + (0.67 * 8)
Estimated time = 130

Therefore, with a 50% probability, this project will be done in less than 130 days. Hence, the answer is option A.

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True,

if accounting were a production system, a journal would be considered an "output."

This is because a journal records the financial transactions of a business, and these records are a result of the accounting process. In a production system, outputs are the final products or outcomes that are generated, so a journal fits this description in the context of accounting.

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The answer is d. it is self-financing. This means that the Fed generates its own income through its operations and therefore does not need to rely on Congress for funding.

The Fed operates through its ability to control monetary policy, which involves actions such as setting interest rates and regulating the money supply. These actions can generate income for the Fed through things like interest earned on loans to banks. Additionally, the Fed can also generate income through the sale of securities.

Because the Fed is able to generate its own income, it is not subject to the normal congressional appropriations process that other federal agencies must go through in order to receive funding. This allows the Fed to maintain a level of independence from the political process and to focus on its primary goal of maintaining a stable and healthy economy.

In summary, the Fed does not have to go through the normal congressional appropriations process because it is self financing, which allows it to operate independently and focus on its primary goal of maintaining a stable economy.

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The cost to Green Lantern Enterprises of the underwriting spread was $2,800,000.

Initial public offering: An initial public offering is the process of a private company going public by offering shares to the general public for the first time.

Underwriting spread: Underwriting spread, also known as the underwriting discount, refers to the compensation  paid by a company to the underwriters involved in an IPO or a bond issuance.

The cost to the firm of the underwriting spread can be calculated using the following steps:

1. Identify the number of shares sold and the underwriting spread per share.
In this case, Green Lantern Enterprises sold 2,800,000 new shares at an offer price of $8.00 per share, and the underwriting spread was $1.00 a share.

2. Calculate the total  underwriting spread cost by multiplying the number of shares sold by the underwriting spread per share.
Total Underwriting Spread Cost = Number of Shares Sold × Underwriting Spread per Share
Total Underwriting Spread Cost = 2,800,000 shares × $1.00/share

3. Calculate the cost to the firm of the underwriting spread.
Total Underwriting Spread Cost = $2,800,000

So, the cost to Green Lantern Enterprises of the underwriting spread was $2,800,000.

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After the reconciliation process, both the adjusted bank balance and the adjusted book balance are equal at $22,500.

Based on the provided information, here's a summary of the bank reconciliation for Brentwood Bike Co. as of May 31:

1. Cash balance per bank statement: $24,530
2. Add: Deposit in transit (b): $8,900
3. Less: Outstanding checks (a): $10,930
4. Adjusted bank balance: $22,500

1. Cash balance per book: $14,510
2. Add: Collections on note (c): $4,700
3. Add: Bank error on the check (d): $450 ($940 - $490)
4. Less: Check recording error (e): $270 ($630 - $360)
5. Less: Bank service charges (f): $70
6. Less: NSF check (g): $1,090
7. Adjusted book balance: $22,500

Therefore, at $22,500 both the adjusted bank balance and the adjusted book balance are equal.

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False. A low inventory turnover ratio indicates that inventory is not selling quickly, which can be a negative sign for a business.

This may suggest that the business has excess inventory that is not moving, which ties up valuable resources and can lead to higher holding costs. Additionally, slow inventory turnover may indicate that the business is not effectively managing its inventory levels or may have inventory quality or pricing issues. Therefore, a low inventory turnover ratio is generally not considered a positive sign for a business.

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While reviewing the data we found that one-third of the budget has been spent. This tells us that the project is on schedule, but we do not have enough information on cost performance. so, the correct answer is D).

The fact that one-third of the budget has been spent and the project is only one-third of the way into execution suggests that the project is running behind schedule, as more of the budget has been spent than would be expected at this point in the project timeline.

However, it does not provide information on the overall cost performance or if the project is over budget. It is possible that the project could catch up and complete within budget, but it would require a more efficient use of resources going forward.

Therefore, the correct answer is option D) The project is on schedule but we do not have enough information on cost performance.

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Interest rates are indeed anti-cyclical, meaning they tend to move in the opposite direction of the economic cycle. So, the statement is True.

In real-world practice, interest rates are indeed anti-cyclical, meaning they tend to move in the opposite direction of the economic cycle. So, the statement is True.

Regarding the steep upward-sloping yield curve, it suggests that the market is predicting that future short-term interest rates will go up. This is because the curve shows that long-term interest rates are significantly higher than short-term rates, implying an expectation of rising rates in the future.

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The best course of action for the chief audit executive in this situation would be to reassess the engagement plan and adjust it accordingly. This may include identifying the specific skills and expertise required for the engagement and seeking additional resources or training for the staff members involved.

Alternatively, the chief audit executive may need to reconsider the feasibility of the engagement in the high-risk area and potentially postpone or cancel it if the necessary skills and resources cannot be obtained. It is important to prioritize the safety and effectiveness of the engagement while adhering to engagement planning principles.

1. Identify the necessary skills and expertise required for the assignment.
2. Evaluate the current staff's skills and determine the gap between their skills and the required skills for the engagement.
3. Consider outsourcing or co-sourcing the engagement to a third party with the required expertise, ensuring that the third party is reliable, competent, and complies with confidentiality and independence requirements.
4. Provide additional training and development opportunities for the existing staff to improve their skills and prepare them for future engagements in high-risk areas.
5. Continuously monitor and reassess the engagement, staff performance, and the third party's contribution (if applicable) to ensure that the assignment is completed effectively and in accordance with engagement planning principles.

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The integral a«3.2x as(7x² + 5) dx is solved  getting (0.152381) * (7x² + 5[tex])^{3/2}[/tex] + C since it is differentiation process.

We are asked to find:

∫(3.2x * √(7x² + 5)) dx

Let's solve this integral step-by-step:

Identify a substitution
Let u = 7x² + 5. This will help simplify the integral.

Find the derivative of u
du/dx = 14x. Now, we need to express dx in terms of du.

Rewrite dx in terms of du
dx = du / (14x)

Substitute u and dx in the integral
∫(3.2x * √(u)) * (du / (14x))

Simplify the integral
(3.2 / 14) * ∫(√(u) du)

Integrate
(0.228571) * (2/3 * [tex]u^{3/2}[/tex]) + C

Substitute back the original expression for u
(0.228571) * (2/3 * (7x² + 5[tex])^{3/2}[/tex] + C

The final answer is: (0.152381) * (7x² + 5[tex])^{3/2}[/tex] + C

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The most appropriate reason that sales mix decisions should be made using variable costing is to increase profits, businesses should emphasize the products with the highest contribution margin. The correct option is C.

Variable costing separates fixed costs from variable costs and calculates contribution margin as a measure of profitability for each product. By focusing on the products with the highest contribution margin, a business can maximize its profits. Sales mix decisions primarily focus on the contribution margin, which is the difference between the revenue and the variable costs of a product.

Fixed costs are not considered in sales mix decisions under variable costing because they do not change with changes in production or sales levels. However, they are still important to consider in the long run as they may affect the overall profitability of a business. The correct option is C.

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The implied lead time is 16 days.The correct option is e.

16 units = 4 units/day × √Lead time
To solve for the lead time, we need to follow these steps:
1. Divide both sides of the equation by 4 units/day:
(16 units) / (4 units/day) = √Lead time
2. Simplify the equation:
4 days = √Lead time
3. Square both sides of the equation:
(4 days)^2 = Lead time
4. Calculate the lead time:
16 days = Lead time
The correct option is e.

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When stocks are labeled as "growth stocks", the kind of growth being referred to is typically the growth in earnings and revenue of the company.

Growth stocks are typically associated with companies that are expected to have a higher rate of growth compared to the overall market. This can be due to various factors such as technological innovation, market expansion, or strong management.Referring to stocks as "growth stocks" can be confusing because there are different families of signals that investors use to determine whether a stock is a growth stock or not. For example, some investors may focus on a company's price-to-earnings ratio, while others may look at the company's revenue growth rate.

This can lead to confusion as different investors may have different interpretations of what qualifies a stock as a growth stock. Additionally, some companies may be considered growth stocks in one period but not in another, as their growth rate may slow down over time.

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"Short Run" refers to a period where at least one factor of production is fixed, while "Long Run" is when all factors are variable.

A Total Product (TP) curve has three ranges: increasing returns, diminishing returns, and negative returns. "Explicit Costs" are direct monetary payments, and "Implicit Costs" are non-monetary opportunity costs.

In the Short Run, one or more factors of production (e.g., capital) are fixed, while others (e.g., labor) can change. In the Long Run, all factors can be adjusted. The TP curve represents the relationship between input (labor) and output (production). It has three ranges:

1. Increasing returns: output increases at an increasing rate as more labor is added.
2. Diminishing returns: output increases at a decreasing rate with additional labor.
3. Negative returns: output decreases as more labor is added.

Explicit Costs are direct payments for resources (e.g., wages, rent). Implicit Costs represent the opportunity cost of using resources without direct payments (e.g., owner's time). Both are important in determining a firm's overall costs and profitability.

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Nondisclosure and noncompete clauses are frequently employed to safeguard trade secrets and intellectual property (IP), but they can also lead to a number of issues.

First of all, these contracts have the potential to restrict information flow and deter employees from sharing their ideas and breakthroughs with others, eventually strangling creativity and innovation. Second, if these agreements are overly expansive or irrational, they might be hard to enforce and might not hold up in court. Third, noncompete clauses may be viewed as unjust and unreasonably restrictive if they prevent workers from getting employment in their preferred field. Last but not least, these agreements may be viewed negatively by the public as a tool for businesses to restrict the freedom and flexibility of their employees. Therefore, Before establishing such agreements, businesses should carefully analyse any potential drawbacks and compare them to the advantages of doing.

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The largest change agent and source of corporate opportunity in the world today is technology change (option a).

Technology change has become the biggest driving force behind corporate opportunities in the modern world. With the rapid advancement of technology, businesses have the opportunity to revolutionize their operations and create new products and services to meet evolving customer needs.

The growth of digital platforms and new technologies like artificial intelligence, blockchain, and the internet of things has opened up new avenues for businesses to increase their efficiency, reach, and profitability. To stay competitive, companies need to adapt and embrace technology-driven changes, as they provide the greatest potential for growth and expansion in the current business landscape.

Option a is answer.

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Answer:

Explanation:

IRR  is used by investors to determine the amount of operating leverage in a company. thus, the answer is A.

Operating leverage is a measure of how much a company's operating income changes to a change in its sales revenue. it is calculated as the ratio pf fixed costs to variable costs.

IRR is commonly used by investors to evaluate the profitability of an investment opportunity. it is the expected rate of return on an investment on the initial investment amount and the cash flows generated by the investment.

while IRR and operating leverage are important to evaluate companies and by serving different purpose by calculating different formulas.

Based on  knowledge of economics, you think that your friend should consider the cost of living difference between Beaver Falls and New York City before making a decision.

While the salary increase from $50,000 to $60,000 seems attractive, it is essential to consider the difference in the cost of living between the two cities. New York City is known for having a much higher cost of living compared to smaller towns like Beaver Falls. This includes expenses such as housing, transportation, and groceries. Your friend should calculate whether the salary increase would be enough to offset the increased cost of living and maintain or improve their current standard of living.

While a salary of $60,000 in New York City may seem like a significant raise from $50,000 in Beaver Falls, the increased cost of living may offset some of that increase. It's important for your friend to research and calculate the difference in cost of living between the two locations before making a decision.

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If the terms provide for payment of the bank loan with quarterly instalment payments of $99.288.  the journal entry to record the receipt of the bank loan would be:

Debit: Cash $1,050,000

Credit: Bank Loan Payable $1,050,000

On September 30, 2021, the journal entry to record the receipt of the bank loan would be:

Debit: Cash $1,050,000

Credit: Bank Loan Payable $1,050,000

The full amount of the loan is received in cash, so Cash is debited for $1,050,000. Bank Loan Payable is credited for the same amount to record the liability that Sunland has to repay the loan.

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