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FinnZ [79.3K]
3 years ago
8

The interest rate for this lease is 11%. the payments are due on december 31 of each year. the first payment was made on decembe

r 31, 2018. the normal cash price for this type of equipment is $145,000 while the cost to perry was $124,000.
Business
1 answer:
Artist 52 [7]3 years ago
4 0
So what is the question? This is just a statement.
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On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a.
Musya8 [376]

Answer:

a.

Debit Accounts Receivable $1,500

Credit Sales $1,500

b.

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

7 0
2 years ago
Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 8,00
Yuliya22 [10]

Answer:

Check the explanation

Explanation:

Calculate august cash disbursement for manufacturing budget :

 August

Direct labour hour                                                          8000

Variable overhead per hour                                            1.40

Variable manufacturing overhead                                11200

Fixed manufacturing overhead                                   100540

Total manufacturing overhead                                    111740

Less : Depreciation                                                       -8810

Cash disbursement for manufacturing overhead    102930

3 0
3 years ago
A portfolio's return is the weighted average of each individual investment's return. However, a portfolio's risk is not the weig
vagabundo [1.1K]
False
Explanation
Because it didn’t have a standard weight and it was average
8 0
2 years ago
Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA)?
Veseljchak [2.6K]

Answer:

its no obligadp

Explanation:

5 0
3 years ago
The Basel Accord
Anton [14]

Answer: forces banks with greater risk to maintain more capital.

Explanation:

The Basel Accord are a set of regulations in the banking industry that enables the proper functioning of banks, if these regulations for banks are strictly adhered to, banks would rarely have problems of total failure which leads to the bank closing up.

The Basel Accord is named after the city of Basel in Switzerland where the meetings took place, the Accord majored on the minimum financial requirements of banks.

7 0
2 years ago
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