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andreyandreev [35.5K]
2 years ago
10

You're attempting to determine the amount of usable floor space in your day care facility. Which one of the following areas can

you include in your calculation?
A. Hallway in the classroom area
B. Kitchen for all classrooms
C. Bathroom adjacent to Classroom A
D. Toy shelves in Classroom A
Business
1 answer:
Serjik [45]2 years ago
4 0
I believe the answer is d. I hope it was right and I helped!
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On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $580,000 cash and issuing a one-year no
Nataly_w [17]

Answer:

1. Able must pay Regal Corporation $599,400 on September 1, 2019, when the note matures.

2. The amount of Interest Able will recognize on this Notes Payable is 39,600

3. The total cash (including interest) paid for the building purchased by Able is $1,179,400

4. Payroll related expense does not come into picture in this question. So it is not answered.

Explanation:

1. According to the given data we have the following:

Rate of Interest = 11%

Therefore:      

Year                      Amount Interest      

September 1, 2018       $540,000      

December 31, 2018            $19,800      

September 1, 2019                     $39,600      

Total                      $540,000     $59,400

Therefore, Total Payable=Notes payable+Interest 540000      Total Payable= $540,000+$59,400

Total Payable=$599,400

Able must pay Regal Corporation $599,400 on September 1, 2019, when the note matures.

2. The amount of Interest Able will recognize on this Notes Payable is 39,600

3. To calculate The total cash paid for building purchased by Able including interest we have to make the following calculation:

Total cash paid for purchase of building=Cash paid at the time of purchase of building+Notes payable+Interest

Total cash paid for purchase of building=$580,000+$540,000+$59,400

Total cash paid for purchase of building=$1,179,400

The total cash (including interest) paid for the building purchased by Able is $1,179,400

4. Payroll related expense does not come into picture in this question. So it is not answered.

6 0
2 years ago
Which of the following statements is correct regarding the predictability of analytical procedures in a financial statement audi
Pie

Answer:

The answer is letter B

Explanation:

Relationships involving income statement accounts tend to be more predictable than relationships involving only balance sheet accounts.

Because analytical procedures are evaluations of financial information made by study of plausible relationships among financial and nonfinancial data using models that range from simple to complex.  The reason is that income statement amount is based on transactions over a period of time, but balance sheet amounts are for a moment in time. Moreover, amounts subject to management discretion tend to be less predictable.

5 0
3 years ago
When studying abroad last year, Thomas found that his U.S. dollars didn't stretch as far as he had expected. Each time he exchan
Andrei [34K]

Answer:

The euro has gained strength against the dollar.

Explanation:

Exchange rate is a measure of the value of one countrie's currency compared with another. For example how many dollars can be exchanged for a euro.

Most exchange rates are free floating, meaning their value is determined by market forces (demand and supply).

Some countries however peg their currency value.

So in this scenario Thomas is giving more dollars for fewer euros because the euro has more value.

7 0
3 years ago
All of the cells in the body need oxygen. Hemoglobin molecules in red blood cells transport oxygen through the bloodstream. Oxyg
OleMash [197]

Answer:

D. the high partial pressure of oxygen in the lungs

Explanation:

  • As the cells of the human body are made of the Hemoglobin molecules that transport this red blood to the bloodstreams.
  • Due to the presence of the dissolved oxygen concentration in the body that these molecules in the lungs are unloaded and then merges with the tissues.
  • The higher pressure is responsible for the flow of the oxygen in the lungs and the thus formation of the RBC in hemoglobin.
3 0
3 years ago
American Hardware, a national hardware chain, is considering purchasing a smaller chain, Eastern Hardware. American's analysts p
Travka [436]

Answer:

The maximum price per share that American should offer is $18.13 per share

Explanation:

The computation of the maximum price per share is shown below:

= Present value ÷ Number of outstanding shares

= $72.52 million ÷ 4 million shares

= $18.13 per share

For computing the maximum price, we used the present value and the discount rate is irrelevant in the computation part. Hence, it is ignored plus the current price is also ignored.

4 0
3 years ago
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