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aliina [53]
3 years ago
8

What were two products they were buying on credit during the 1920's?

Business
1 answer:
andrew11 [14]3 years ago
4 0
Weapons and household items 
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On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accum
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The debit balance for the vehicles account was $20,000, and the credit balance of accumulated depreciation account was $18,000.

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then the van was sold for $2,000

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Since the carrying value of the van was $2,000 (= $20,000 - $18,000) and the van was sold for $2,000, Patel had no gain or loss from this transaction.

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True, it’s a good idea because it helps protect your home and other assets
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A product manager is eager to develop a new product idea. To gain approval to do so, the product manager orders the research tea
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Determine the annual financing cost of a 6-month (182-day) 20,000 discounted bank loan at a stated annual interest rate of 10 pe
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10.52%

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The computation of the annual financing cost is shown below:

First we have to calculate the interest cost that is shown below:

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