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4 years ago

The ability to provide field-level help is often referred to as:

1 answer:

7 0

This is often referred to as context-sensitive help. It is help that refers to a single situation and state, and depends on the situation, or 'context', of the circumstances. This is because fields are specialized, and general knowledge is usually not applicable to specific sets of circumstances.

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Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.8 million ca

Phantasy [73]

Answer:

A a) Journal Entry for Precision Castparts

Debit Bank $39.8 million Credit Note Payable $39.8 million

b) Journal Entry for Midwest bank

Debit Note Receivable $39.8 million Credit Bank $39.8 million

B a) Journal Entry for Precision Castparts

Debit Interest Expense $796,000 Credit Interest Payable $796,000

b) Journal Entry for Midwest bank

Debit Interest Receivable $796,000 Credit Interest Income $796,000

C a) Journal Entry for Precision Castparts

Debit Note Payable $39.8 million Debit Interest Payable $796,000 Debit interest Expense $2,388,000 Credit Bank $42,984,000

b) Journal Entry for Midwest bank

Debit Bank $42,984,000 Credit Note Receivable $39.8 million Credit Interest Receivable $796,000 Debit interest Income $2,388,000

Explanation:

Interest up to 31 Dec 2021

Interest = 39,800,000*8% = $3,184,000*3/12 =$796,000

8 0

3 years ago

In October 1, 2018, Renfro Company purchased to hold to maturity, 4,000, $1,000, 9% bonds for $3,960,000 which includes $60,000

Digiron [165]

Answer:

A. $3,903,000.

Explanation:

The computation of the carrying value of the bond is shown below:

But before that first we have to do following calculations

The value of the bonds is

= $3960,000 - $60,000

= $39,00,000

Since it is a accrued interest and the same is to be deducted

Now the bond sold at discount so the amount would be

= $4,000,000 -$ 3,900,000

= $100,000

And, the period of the bonds is October 1, 2018 to February 1, 2027 i.e 100 months

= 3 months in 2018 + 96 months + 1 months in 2027

The 96 months represents the 8 years

And, discount amortized from October 1, 2018 to December 31 , 2018 is

= $100,000 × 3 ÷ 100

= $3,000

The 3 represents the 3 months and 100 represent the total months

So, the carrying value of the bonds is

= $3,900,000 + $3,000

= $3,903,000

3 0

4 years ago

Why is competition is an important part of a free-market system?

sashaice [31]

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

4 0

4 years ago

Required Journal entry Paid salary and wages Rs 55,000 PLEASE HELP

ratelena [41]

Answer:

Date Account Title Debit Credit

XX-XX-XX Salary and Wages expense Rs. 55,000

Cash Rs. 55,000

The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,

Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.

3 0

4 years ago

A coffee shop owner blends a gourmet brand of coffee with a cheaper brand. The gourmet coffee usually sells for $9.00 per pound

AleksandrR [38]

Answer:

15lbs of gourmet coffee and 5lbs of cheap coffee.

Explanation:

To solve this problem, we will use the substitution method. Step by step explanation:

1. Defining the variables:

G: For gourmet coffee
C: For cheap coffee

2. Setting up the equations:

We need to find a combination of G and C that will result in 20 pounds worth $8.50 per lbs. As such, we have:

G + C = 20lbs
$9.00G + $7.00C = $8.50/lbs x 20lbs

3. Solving equation 1 for any of the variables. We will go with variable G:

$G = 20 - C$

4. Substituting variable G in equation 2 to find C:

$9(20 - C) + 7C = 8.5 * 20\\180 - 9C + 7C = 170\\180 - 170 = 9C - 7C\\10 = 2C\\\frac{10}{2}=C\\C = 5$

5. Substituting variable C in equation 1 to find the value of G:

$G + 5 = 20\\G = 20 - 5\\G = 15$

Then, we need 15lbs of gourmet coffee and 5lbs of cheap coffee to have 20lbs of coffee worth $8.50/lbs.

3 0

3 years ago