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1 year ago

The accounts payable account is a/an_____ _, and it has a normal.

Business

1 answer:

Viktor [21]1 year ago

5 0

The accounts payable account is a/an option C: <u>liability; credit, </u>and it has a normal.

<h3>What do you mean by Account payable?</h3>

A account payable is refers to as the monet owned by a company to its supplies and its represent in the firm's balance sheet.

The main role of account payable os to provide financial, administrative and clerical support to the firm. Their main role include complete the whole payment and control expenses.

Moreover, it is considered as the liability for each business because the company have to pay back its all due on particular period of time and it is credit in nature.

Hence, rest all options like A, B and D are incorrect because it does not considered under the account payable account.

Therefore, correct option is C.

Learn more about Account payable, refer to the link:

brainly.com/question/14438810

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Answer:

= $ 219,657.43

Explanation:

FV of annuity = P x [(1+r) n -1/r]

P = Periodic payment = $ 20,000

r = Periodic interest rate = 0.08

n = Number of periods = 20

FV = $ 60,000 x [(1+ 0.08)20 -1/0.08]

= $ 60,000 x [(1.08)20 -1/0.08]

= $ 60,000 x [(4.66095714384931 -1)/0.08]

= $ 60,000 x (3.66095714384931/0.08)

= $ 60,000 x 45.7619642981163

= $ 2,745,717.85788698 or $ 2,745,717.86

FV of annuity due =(1+r) x P x [(1+r) n -1/r]

= (1+0.08) x $ 2,745,717.85788698

= 1.08 x $ 2,745,717.85788698

= $ 2,965,375.28651794 or $ 2,965,375.29

Difference in FV of ordinary annuity and annuity due

= $ 2,965,375.29 - $ 2,745,717.86

= $ 219,657.43

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3 years ago

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3 years ago

Kasey Corp. has a bond outstanding with a coupon rate of 5.82 percent and semiannual payments. The bond has a yield to maturity

Vilka [71]

Answer:

The quoted price of the bond is $1,748.41

Explanation:

The quoted price of the bond can be computed using the pv formula in excel which is given below:

=-pv(rate,nper,pmt,fv)

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3 years ago

The accounts payable account is a/an_______ ___, and it has a normal.

The accounts payable account is a/an_____ _, and it has a normal.