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3 years ago

Help!!! Extra points to the correct answer! And Brainliest!!

1 answer:

4 0

1. After they sat down where they wanted to go with the business and wrote down their goals, it became clear that Starting a franchise would be the most effective way to approach the business

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Interest on a Note Payable is most appropriately accrued:_____________

Thepotemich [5.8K]

Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".

Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

8 0

3 years ago

The gini ratio for lifetime income is _______ the gini ratio for annual income.

o-na [289]

<span>The Gini ratio for lifetime income is less than the Gini ratio for annual income.</span>

4 0

3 years ago

Ellis issues 8.0%, five-year bonds dated January 1, 2018, with a $530,000 par value. The bonds pay interest on June 30 and Decem

Ket [755]

Answer:

1. Total interest rate is $166,790

2. Refer to the attached file for the straight-line amortization table for the bonds' life.

To record interest rate paid in 30th June 2018:

Dr Interest expenses 16,679

Dr Premium on bond payable 4,521

Cr Cash 21,200

To record interest rate paid in 31st Dec 2018:

Dr Interest expenses 16,679

Dr Premium on bond payable 4,521

Cr Cash 21,200

Explanation:

Total interest rate as followed : Interest payment - Premium on bond payable = 530,000 x 8% /2 x 10 - (575,210 - 530,000) =166,790.

6 0

3 years ago

SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year,

Anon25 [30]

Answer:

treasury stock 382,000 debit

cash 382,000 credit

cash 342,500 debit

treasury stock 274,000 credit

additional paid-in TS 68,500 credit

cash 84,000 debit

treasury stock 80,000 credit

additional paid-in TS 4,000 credit

additional paid-in TS 72,500

Treasury Stock 28,000

<em>The Treasury Stock will be reported as a decrease to the equity.</em>

Explanation:

19,100 shares x $20 per share = 382,000

13,700 shares x $20 per share = 274,000

13,700 shares x $25 per share = 342,500

additional paid-in = 68,500

4,000 shares x $21 per share = 84,000

4,000 shares x $20 per share = (80,000)

additional paid-in 4,000

68,500 + 4,000 = 72,500 additional paid-in TS

TS 382,000 - 274,000 - 80,000 = 28,000

7 0

3 years ago

The evidence on the supply curve of financial capital is controversial, but at least in the short run, the elasticity of savings

geniusboy [140]

Answer:

a) elastic

Explanation:

Elasticity is a microeconomic concept that aims to measure the sensitivity of demand for savings to changes in interest rates. When calculating elasticity is a result greater than 1, the demand for savings is said to be elastic (interest-sensitive). Thus, slight interest rate variations will be sufficient to increase savings deposits. This is because people stop consuming to save and earn interest income. When the value is less than 1, savings are inelastic - little interest-sensitive. Thus, interest rate changes would not affect savings. This means that interest earned on savings is not attractive and people prefer to invest their money. in the consumption of goods and services.

This relationship is not fully known to economists in the long run, but in the short run there is a direct relationship between rising interest rates and increasing savings deposits. Thus, it is said that in the short term, the demand for savings is elastic at the interest rate. With each interest rate increase, the savings deposit rate increases.

4 0

4 years ago