1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Radda [10]
3 years ago
5

The Keweenaw Sunshine Development Corporation reported the following for the year ended December 31, 2018: 1/1/18 12/31/18 Disco

unt on Bonds Payable $ 17,500 $ 15,750 Interest Payable $ 19,500 $ 17,350 Interest Expense $47,750 How much cash did Keweenaw pay for interest during 2018
Business
1 answer:
kenny6666 [7]3 years ago
7 0

Answer:

$49,000

Explanation:

To calculate the amount of cash Keweenaw pay for interest during 2018, the interest payable at 12/31/18 is subtracted from the addition of interest payable at 1/1/18 and interest expenses during the year as follows:

Amount of cash paid for interest = $19,500 + $47,750 - $17,350 = $49,900

Therefore, the amount of cash Keweenaw pay for interest during 2018 is $49,000.

You might be interested in
Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 54 $ 3
bogdanovich [222]

Answer:

$181

Explanation:

Given that,

Beginning:

Income tax payable = $54

Deferred tax liability = $75

Ending:

Income tax payable = $34

Deferred tax liability = $145

Tax expenses during the year = $231

Amount of tax paid during the year:

= Tax expenses during the year + (Beginning - ending tax payable) - (Ending - Beginning deferred tax liability)

= $231 + ($54 - $34) - ($145 - $75)

= $231 + $20 - $70

= $181

7 0
3 years ago
A Deductible is what
Artyom0805 [142]
B the amount of loss you pay 
 
8 0
3 years ago
With careful attention to controlling costs and quality, businesses can successfully satisfy consumers with a standardized produ
11111nata11111 [884]

Answer:

True (A)

Explanation:

Business can ensure  product standardization for different markets with careful attention to controlling cost and quality. Costs are inevitably in a business, however, they can be managed to the barest minimum.

6 0
3 years ago
On a linear demand curve, if the price is low and the quantity demanded is high, demand is _____ in that region and a price incr
kirill [66]

On a linear demand curve, if the price is low and the quantity demanded is high, demand is Inelastic in that region and a price increase will cause an increase  in total revenue

Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. [1] The term "commercial revenue" can also refer to sales or turnover. Some businesses make money from royalties, interest, or other fees. [2] The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million." The general definition of profits or net income is total revenue less total expenses for a specific time period. Revenue is a component of the Equity section of the balance sheet in accounting, and revenue raises equity.

learn more about revenue:

brainly.com/question/8645356

#SPJ4

8 0
1 year ago
Hey people i need 2 more Brainiest to get Virtuoso i really want to get there if you could help me that would be AMAZING.
Elena L [17]

Answer:

I just asked a question i'll give you brainliest if you can answer it correctly.

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • The rate that a state assigns reflecting a company's stability or instability in employing workers is the:
    12·1 answer
  • Tam is an office manager in charge of ordering and managing the use of office supplies. Lately, the office has been going throug
    7·1 answer
  • Daniel Hair Stylists' adjusted trial balance and income statement follow. Prepare Daniel's statement of retained earnings for th
    15·1 answer
  • . [5 pts] A life-saving medicine without any close substitutes will tend to have a. a small elasticity of demand. b. a large ela
    10·1 answer
  • Dunning's theory of international investment is known was the electric program in the theory brand names trademarks, economies o
    10·1 answer
  • Most people recognize that, as a group, consumers are the pivotal participants in the economy, The _____________decisions made b
    5·1 answer
  • MC Qu. 157 Current information for the... Current information for the Healey Company follows: Beginning raw materials inventory
    12·1 answer
  • Consider the following project network and activity times (in weeks): Activity A B C D E F G H Time 5 3 7 6 7 3 10 8 How much ti
    6·1 answer
  • A salesperson preparing a written offer from a prospect may do so by filling in the blanks on a pre-approved broker's contract f
    7·1 answer
  • Insolvency occurs when liabilities far exceed available assets.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!