-Debit cash $4,000
-credit paid-in capital excess par value $1,900
-credit preferred stock $2,100
Hope it helped
Answer:
a) quota: $ 802.43
b) 500 and then, 484.88 for interest
302.43 and 317.54
C) total interest: 984.88
D) the interest will decrease and the amortization over time will increase
E) as the loan has a given date. At that date the principal outstanding must be zero therefore, after each payment the principal is reduced making interest decrease as well. This decrease in interest is replaced with an increase in the amortization-
Explanation:
PV 10,000
time 20
rate 0.05
C $ 802.426
Interest on first quota:
10,000 x 0.05 = 500
Amortization on first quota:
802.43 - 500 = 302.43
Interest in second quota:
(10,000 - 302.43) x 0.05 = 484,8785
amortization on second quota:
802.42 - 484,88 = 317,54
Interest for the year:
500 + 484.88 = 984.88
Answer:
B.
Explanation:
We are analizing events that are dependant. Cause and effect.
So let's analize the statements.
A. Not related at all. No cause and effect. Can happen together, but not related.
B. Gasoline is a derivative of oil. If oil prices go up, gasoline prices go up.
C. Not related at all. No cause and effect. Can happen together, but not related.
D. Not related at all. No cause and effect. Can happen together, but not related.
<span>"A. Improved morale and productivity." is not a benefit of safety and health programs. The morale levels have absolutely nothing to do with whether or not someone cuts their arm off because they didn't follow safety procedures. </span><span /><span>
</span>
Answer:
Results are below.
Explanation:
<u>A: To calculate the gross profit, we need to use the following formula:</u>
Gross profit= sales - cost of goods sold
Gross profit= 990,000 - 693,000
Gross profit= $297,000
B: <u>Now, the gross profit percentage:</u>
Gross profit percentage= (gross profit / sales)*100
Gross profit percentage= (297,000 / 990,000)*100
Gross profit percentage= 30%
C: F<u>inally, a net income is reported in the income statement at the moment of the sale</u>. It doesn't matter if the sale was paid or not.