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3 years ago

The accounting records of Compass Point Wireless include the following as of December 31, 2016:

Business

1 answer:

uysha [10]3 years ago

6 0

Answer:

1, Compass Point Wireless

Balance sheet (partial)

Current Liabilities: $

Accounts Payable 71,000

Interest Payable 17,000

Salaries Payable 10,500

Unearned Revenue 2,400

Current Portion of Bonds payable 24,000

Total current Liabilities $ 124,900

Long term Liabilities $

Mortgage Payable 80,000

Bonds Payable 64,000

Premium on Bonds Payable 10,000

Total long term liabilities $154,000

Total liabilities = Total current Liabilities + Total long term liabilities

= $ 124,900 + $154,000

= 278900

2. Debt Stockholders' equity Debt to equity ratio

278,900 160,000 1.74

Note: Debt to equity ratio = Debt / Stockholders' equity

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The required details for Participative budgeting in given paragraph

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8 months ago

True or false: the term economic investment includes purchasing stocks, bonds, and real estate.

Lapatulllka [165]

False because it doesnt invest the stocks

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2 years ago

All of the following are examples of a business transaction except Select an answer and submit. For keyboard navigation, use the

Simora [160]

Answer:

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3 years ago

Read 2 more answers

A T-bill that is 290 days from maturity is selling for $96,040. The T-bill has a face value of $100,000.

umka2103 [35]

Answer: a 0.049, 0.05 and 0.05 or 5%

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= 0.039

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BEY = 0.041 × 1

BEY = 0.041

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EAR = (1 + 0.41) - 1

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1 year ago

The accounting records of Compass Point Wireless include the following as of December​ 31, 2016​:

The accounting records of Compass Point Wireless include the following as of December 31, 2016: