1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kaheart [24]
3 years ago
11

Frasquita acquired equipment from the manufacturer on 6/30/2018 and gave a noninterest-bearing note in exchange. frasquita is ob

ligated to pay $550,000 on 4/30/2019 to satisfy the obligation in full.if frasquita accrued interest of $15,000 on the note in its 2018 year-end financial statements, what amount would it record the equipment on its 6/30/2018 balance sheet?
Business
1 answer:
Alinara [238K]3 years ago
5 0
Since this is a noninterest-bearing note, or a zero-interest-bearing note payable, what's entered into the 6/30/2018 balance sheet is the Future Value of the equipment. The future value, or the face value, is the amount that Frasquita is obligated to pay on 4/30/2019. 

This means that $550000 is the amount recorded as a Notes Payable in the 6/30/2018 balance sheet.
You might be interested in
If workers and firms have rational expectations, they understand that ________ monetary policy will raise the inflation rate, so
Deffense [45]

Answer:

<u>expansionary; will be equal to</u>

Explanation:

<em>Remember</em>, monetary policies are basically divided into:

  1. expansionary monetary policy, and
  2. contractionary monetary policy.

Indeed, as the name implies, the expansionary monetary policy is meant to in a sense boost up economic growth in terms of reducing interest rates thereby theoretically increasing spending and also leading to an increase in the money supply. When there is an increase in the money supply, this thus leads to an increased inflation rate, which would be expected if workers and firms have rational expectations.

6 0
3 years ago
Identify whether the market supply curve will shift right or left or will stay the same for the following: a. Firms in an indust
dybincka [34]

Answer:

1. In first example, supply curve moves to the left. Delivery curve moves to the left as supply is heading downward due to variables apart from rate change. In this scenario, the cost of output rises due to the current penalty, and vendors will be able to produce less at the same amount.

2. In second scenario, businesses are prosecuted for contaminating river water, rises in manufacturing prices and vendors will be able to produce worse at the same amount. The output curve then shifts for its left.

3. In third case the output curve will remain the same. That's since the quantities given does not change.

4. In this situation, the harm done by drilling must be cleaned up by the businesses. Hence, production cost rises, and vendors will be willing to provide worse at the provided price. The supply curves then shifts to the left.

3 0
3 years ago
A company issued 115 shares of $100 par value common stock for $12,500 cash. the total amount of paid-in capital is:
Olegator [25]

A company issued 115 shares of $100 par value

<span> Common stock value = $12,500 </span>

Total amount of paid-in capital = ?

Multiply the shares with amount par value =

Amount of shares = 115 x 100 = $11,500

Total amount of paid-in capital = common stock value - total amount of shares = $12,500 - $11,500

= $1000

So, total amount paid in capital is $1000.

5 0
3 years ago
The mayor of NYC convinced the Rent Guidelines Board to approve a rent freeze. Landlords complained, but could not change it. Th
marin [14]

Relationship of the firm to other economic agents.

Explanation:

Economics is a branch of social science where it shows the relation between the firm as well as other economic agents. The economic agents can interact individually as well as in an aggregate way. An economic agent is referred to as decision maker that can effect the economy at the time of selling, producing, buying. The various examples of economic agents are firm, households, individuals as well as business.

In this context NYC is a firm and the rent guideline boards as well as the landlords are various economic agents. In this context a relationship is shown between the firm and the economic agents.  

7 0
3 years ago
A firm offloads some of its production costs to 3rd parties. This would contribute to market failure because
ehidna [41]

The activity of the firm contributes to market failure because it leads to negative externlity.

<h3>What is negative externlity?</h3>

Negative externality occurs when the costs of economic activities is greater than the benefits to third parties not involved in production is greater than the benefits.  An example of an activity that generates negative externality is pollution.

To learn more about externalities, please check: brainly.com/question/26266710

6 0
2 years ago
Other questions:
  • ABC Company received $9,631 for its 5-year, 10% bonds with a total face value of $10,000. The market rate of interest was 11%. T
    10·2 answers
  • Which of the following is an example of licensing?a- An Indian automobile manufacturing company buys engines from a Japanese man
    13·1 answer
  • Patents are on the books of a British subsidiary of a U.S. firm at a value of 50,000 pounds. The patents were acquired in 2017 w
    10·1 answer
  • 2 Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; no
    12·1 answer
  • Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates th
    15·1 answer
  • Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery A gives an 80% discount for its bread at the end
    15·1 answer
  • Within an organizational structure, the person most likely to be evaluated in terms of controllable costs would be:
    13·1 answer
  • In 2019, Ivanhoe Company had a break-even point of $385,000 based on a selling price of $7 per unit and fixed costs of $115,500.
    15·1 answer
  • Pace Co. borrowed $10,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-
    9·1 answer
  • Which line represents the flow of final goods and services?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!