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3 years ago

When a utility bill is paid with cash, cash is decreased and utilities expense is __________?

1 answer:

4 0

I believe the answer Increased.
Utility bill is considered as an expense that could be deducted from profit for taxation purpose. (all expense are recorded in debet when increased)
Because we pay the bill with cash, there would be a cash outflow from our reserve toward the utility provider, hence resulting in decreasing cash.

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A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W

lorasvet [3.4K]

Given:

Loan amount = $250000

Interest rate = 5.5%

Interest payment = $2042.71

To find:

Total amount of interest

Solution:

The total number of months in 15 years = $15\times12=180\text{ years }$

Total monthly payments will be $180\times \$2042.71 = \$367687.8$

So, the total pay-backs will be $3,67,687.8

Total interest paid will be as follows,

$\text{Total interest paid = Total pay-backs - Loan amount}$

On plugging-in the values in the above formula we get,

$\Rightarrow \$3,67,687.8-\$250,000=\$1,17,687.80$

Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.

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3 years ago

Airline Accessories has the following current assets: cash, $93 million; receivables, $85 million; inventory, $173 million; and

prohojiy [21]

Answer:

See below

Explanation:

1. The current ratio is the sum of current assets divided by current liabilities. It used to measure the ability of the airlines accessories to meet its short term obligation due within a year

Current ratio = $93 million + $85 million + $9 million / $80 million + $26 million

Current ratio = $187 million / $106 million

Current ratio = 1.76:1

Current ratio = 1.76 times

2. Acid test ratio. This measure liquidity but with adjustment for risky current assets i.e Inventory

Acid test ratio = Current assets - Inventories / Current liabilities

Acid test ratio = ($187 million - $173 million) / $106 million

Acid test ratio = $14 million / $106 million

Acid test ratio = 0.13:1

Acid test ratio = 0.13 times

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3 years ago

Danielle is a 74-year-old widow, lives alone in the home she has had for over 40 years, and has become something of a packrat. s

Arada [10]

Answer:

This is a case of "compulsive hoarding".

Explanation:

Compulsive hoarding refers to a pattern of behavior in which you are not willing to throw out anything in your house, in these things there are many which have no value for you and that is just garbage. When you do like this, there will be unnecessary things and dust everywhere, this will also have affect on you health like Danielle in the given scenario, and you will become more sick day by day.

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3 years ago

Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr

Bumek [7]

Answer:

Cost per equivalent unit: $60

Explanation:

Cost per equivalent unit = (Cost of Beginning Work in Progress Inventory + Total production cost during the period) / Equivalent Units of Production (EUP)

Total Production Cost = $90,000

Equivalent Units of production (EUP) = 1,300 + 400 x 50% = 1,500 units

Cost per equivalent unit: $90,000 / 1,500 units = $60

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3 years ago

A store manager for Kroger noticed that several of his regular customers have stopped coming to his store. He also noticed that

sergiy2304 [10]

Answer: True- An uncontrollable change in the marketing environment

Explanation:

According to the given question, The manager of the store is noticed that the regular customer of his store is reducing day by day and the customers starts shopping from Walmart super-center.

So, the main fundamental marketing problem is illustrated based on the given scenario is that an uncontrollable change in marketing environment.

An uncontrollable factors basically influencing the various types of organizational factors such as performance, demographics and the technological factors.

Therefore, The given answer is correct.

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3 years ago

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