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3 years ago

13

Suppose you have a credit card bill of $1,275 for the month of October. if you pay the full balance before your is due, how much

will you pay in interest?

1 answer:

algol133 years ago

6 0

Answer: No interest will be paid

Explanation:

Once full payment is made before the due repayment date on credit card, interest is not charged.

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A company reported that its bonds with a par value of $50,000 and a carrying value of $57,000 are retired for $60,000 cash, resu

kherson [118]

Answer:

b.$60,000 outflow.

Explanation:

Cash flows from financing activities

Retiring value of bonds for cash -$60,000

Cash flow from financing activities -$60,000

Since the cash flow statement records only cash transactions. So in the given case, the bonds are retired for $60,000 in cash that reflects the cash outflow and the same is to be presented on the financial statements

3 0

3 years ago

A. Is a detailed statement of receipts and expenditures for a period of time in the future

Orlov [11]

Answer

A detailed statement of receipts and expenditure for a period of time in the future is called a Budget

Explanation

An estimate of revenue and expenses over a particular future period of time is referred as the budget. A budget can be made for a family, for an individual or a business entity. In companies, budget is utilized as an internal tool of management.

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3 years ago

Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual

Likurg_2 [28]

Answer:

PART-1)

Fair value of leased asset to lessor = 25,000

Minus: PV of un-guaranteed residual value $8,250 X 0.82270 = 6,787

Amount to be recovered through lease payments = 18,213

Four periodic lease payments ($18,213 /3.72325) = 4,892

PART-2)

<u>01/01/2017 </u>

Debit: Cash = 4,892

Credit: Unearned Lease Revenue = 4,892

<u>12/31/2017</u>

Debit: Unearned Lease Revenue = 4,892

Credit: Lease Revenue = 4,892

<u>12/31/2017</u>

Debit: Depreciation Expense = 3,333

Credit: Accumulated Depreciation – Equipment = 3,333

6 0

3 years ago

For an activity base to be useful in cost behavior analysis: a) there should be a correlation between changes in the level of ac

lubasha [3.4K]

Answer:

Option A is the correct one

Explanation:

Among the various options given in question statement, option A is correct

Cost behavior analysis is done make management comprehend the impact of various costs change versus changes in activities in various levels of the company. This may involve direct materials, direct labor, and overhead costs. Hence if there is no correlation between changes in the level of activity and changes in costs, then such analysis wont be an effective cost behavioral analysis

7 0

3 years ago

Read 2 more answers

Why are dividends from a mutual insurer not subject to taxation

sergij07 [2.7K]

Because dividends are considered to be a return of premium I hope this helps ya out

7 0

3 years ago