If your client had a reaction to a product but you had written down what

Which of the following is not a purpose of adjusting entries? a. To establish the proper amounts of assets and liabilities in th

Aleks04 [339]

Answer:

The most sui

Explanation:

7 0

3 years ago

Influenced by a firm’s ability to make interest payments and pay back its debt, if all else is equal, creditors would prefer to

DochEvi [55]

Answer:

The correct answer is: high.

Explanation:

In economics, interest rate is the amount paid in a unit of time for each unit of capital invested. It can also be said that it is the interest of a unit of currency in a unit of time or the performance of the unit of capital in the unit of time.

Interest rates are applied in different ways, for different periods of time, so it is important that you know what type of fee they are charging you. Also if interest will be paid at the beginning or end of the loan.

The most used interest rates are the nominal interest rate and the effective or equivalent annual interest rate.

Nominal interest rate:

This rate is simple interest, and corresponds to the percentage that will be added to the initial capital as compensation for a certain period of time, which does not necessarily have to be one year.

Effective annual interest rate:

It is also known as the equivalent annual interest rate, it is a compound interest rate, including the nominal interest rate, bank charges and fees, and the term of the operation. This rate addresses the full compensation the financial entity receives for lending us the money.

8 0

3 years ago

Fischer Company uses 12,000 units of a part in its production process. The costs to make a part are: direct material, $15; direc

Trava [24]

Answer:

Difference= $60,000 in favor of buying

Explanation:

Giving the following information:

Number of units= 12,000

Make in-house:

Direct material, $15

direct labor, $27

variable overhead, $15

applied fixed overhead, $32

Buy:

Buying price= $60

If Fischer buys the part, 75 percent of the applied fixed overhead would continue.

<u>First, we will calculate the avoidable fixed overhead per unit:</u>

Avoidable fixed overhead= 32*0.25= $8

<u>Now, the total differential cost of making in-house:</u>

<u></u>

Total cost of production= 12,000*(15 + 27 + 15 + 8)

Total cost of production= 12,000*65

Total cost of production= $780,000

Total cost of buying= 60*12,000= $720,000

Difference= $60,000 in favor of buying

4 0

3 years ago

Totito Inc. issues $100,000 face amount bonds at $98,000. The journal Totito Inc. issues $100,000 face amount bonds at $98,000.

nevsk [136]

Answer:

Dr. Cash $98,000

Dr. Discount on Bond $2,000

Cr. Bond payable $100,000

Explanation:

If the bonds are issued at a price below the face value then the bonds are issued on a discounted value. The difference between face value and issuance value is known as discount. This discount is recorded separately and amortized over bond's life.

As per given data

Face value = $100,000

Issuance value = $98,000

Discount = $100,000 - $98,000 = $2,000

4 0

3 years ago

a(n) is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange, but d

Ratling [72]

An agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.

<h3>What are agent and broker?</h3>

Agents and brokers are described as the traders that conduct the trade of goods, or can associate with buying and selling processes. It is important to mention that agents and brokers form an important link in influencing a supplier, trading of products, and movement of goods.

The agents and the brokers do not possess the goods but act as an important intermediary who makes it easy to buy and sell. In other words, the agents and the brokers bring the sellers and the buyers together so that an effective negotiation process can be conducted.

It can be concluded that an agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.

To know more about, agents and brokers, check this link:

brainly.com/question/28264386

#SPJ4

7 0

1 year ago