Answer:
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Explanation:
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Answer:
$56.74
Explanation:
Base on the scenario been described in the question, we can use the following method to solve the problem
Solution Correct Response Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Purchase(Cash) Price Down Payment Amount Financed Add-onInterest Number of Payments Finance Charge $78810% $8%12 $56.74
Answer:
The value per bond must be $1000
Explanation:
The reason is that the short term investments must be valued at current fair market value which is $1000 per bond today so the perceived value of the unit bond which is $1200 per bond is irrelevant here.
The amount recorded = Number of bonds * Current market value
The amount recorded = 250 * $1000 = $250,000
Answer: an increase in the effectiveness of a cost management system and an increase in the quality of performance information.
Explanation:
Controllable costs this are the cost over which a company can control. Examples of this cost include marketing budgets, and labor costs.
Why non-controllable costs are those cost that a company cannot change or control, examples of this cost are rent , and insurance. This are usually noticeable by an increase in the effectiveness of a cost management system, and an increase in the quality of performance information.
Answer and Explanation:
The computation of the sales tax payable is shown below:
= Total sales × sales tax rate ÷ (100 + sales tax rate)
= $11,880 × 8% ÷ (100 + 8%)
= $880
Now the journal entry is
Cash $11,880
To Sales Revenue $11,000
To Sales Tax Payable $880
(Being the sales tax payable and sales is recorded)
For recording this we debited the cash as it increased the assets and credited the sales revenue and sales tax payable as it also increased the revenue and liabilities
