All categories

1 year ago

Is interest on loan an expense or a liability....Please help

Business

1 answer:

GREYUIT [131]1 year ago

3 0

Answer:

expense

explanation :

when we're about loan we are talking about a business or a person who is taking a loan. in this case the person or the firm pay interest on the loan.

You might be interested in

Which of the following statements is true regarding the effect of group cohesiveness and performance norms on group productivity

ikadub [295]

At the point when both cohesiveness and performance norms are high, productivity will be high.

Explanation:

It is genuine with respect to the impact of gathering cohesiveness and execution standards on bunch profitability.

Gathering cohesiveness is one of the trademark highlights of the gatherings, which is significant from the behaviouristic perspective. Cohesiveness is how much the gathering individuals are pulled in to one another and are persuaded to remain in the gatherings. Cohesiveness characterizes the level of closeness that the individuals feel with the gatherings. It is comprehended as the degree of preferring every part has towards others in the gathering and how far everybody needs to stay as an individual from the gathering.

"Cohesiveness alludes to the degree of solidarity 'in the gathering and is reflected in individuals' adjustment to the standards of the gathering, the sentiment of fascination for one another and needing to be co-individuals from the gathering." Attraction, cohesiveness, and similarity are altogether interwoven. The more the individuals feel pulled in to the gathering, the more noteworthy will be the gathering cohesiveness. The more noteworthy the cohesiveness, the more prominent the impact of the gathering individuals to convince each other to adjust to the gathering standards. The more prominent the congruity, the more noteworthy the character of the individuals to the gathering and the more noteworthy the gathering cohesiveness.

8 0

3 years ago

If 20,000 worker-hours produced a total output of $600,000 in an economy, then the labor productivity is

cupoosta [38]

Answer:20 per hours Explanation:

6 0

3 years ago

Cheyenne Corp. had the following transactions that took place during the year:I.Recorded credit sales of $2250II.Collected $1350

Degger [83]

Answer:

The correct option is d) Decrease.

Explanation:

Free cash flow (FCF) can be described as the cash that is generated by a company after cash outflows required to support operations and maintain the capital assets of the company have been accounted for.

Therefore, FCF can be calculated by adjusting for non-cash expenses, changes in working capital, and capital expenditures to reconcile net income.

The total effect of these transactions on free cash flow can be determined by first calculating the account receivable for the year as follows:

Calculation of account receivable for the year:

Particular Amount ($)

Credit sales 2,250

Cash collected from the customer (1,350)

Sales returns (450)

Account receivable  450 

A partial free cash flow statement can therefore be prepared as follows:

Cheyenne Corp.

Free cash flow statement (Partial)

Particular Amount ($)

Net income xx

(Increase) decrease in non-cash current assets:

Increase in account receivable (450)

Free cash flow  (450) 

Since the free cash flow is negative or minus $450, it therefore implies that the total effect of these transactions on free cash flow is a decrease.

Therefore, the correct option is d) Decrease.

7 0

3 years ago

In the current period, Forward Co. started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units i

____ [38]

Answer:

$2.51 per unit

Explanation:

The computation of the cost per equivalent unit is shown below:

But before that the equivalent units is to be computed

Equivalent units = units completed + equivalents units in ending inventory

= 8,400 units + (13,200 units × 42%)

= 13,944 units

Now

Cost per equivalent unit = cost incurred ÷ equivalent units

= $34,980 ÷ 13,944 units

= $2.51 per unit

4 0

3 years ago

Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $19,000 and variable exp

Debora [2.8K]

Answer:

The break-even point for the entire company is closest to 2 units

Explanation:

The Break even point is the point where a firm neither makes a profit nor a loss.

Break Even Point = Fixed Cost / Contribution per unit

= $45,940 /(($19,000-$10,030)+($32,000-$15,980))

= $45,940/$8,970+$16,020

= 2 units

7 0

3 years ago

Is interest on loan an expense or a liability....Please help​

Is interest on loan an expense or a liability....Please help