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4 years ago

Sometimes an economy cannot grow because of external factors, such as

Business

1 answer:

Scilla [17]4 years ago

5 0

Answer:

shortage of supplies lack of demand or the lack of interest in the economy

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The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,00

irga5000 [103]

Answer:

the inventory should be recorded at $8,500

Explanation:

As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower

So as per the question

Historical cost is $12,000

And, the net realizable value is

= Expected selling price - expected selling cost

= $9,000 - $500

= $8,500

So, the lower cost is $8,500

Hence, the inventory should be recorded at $8,500

5 0

3 years ago

During Year 2 Stripling earned $700,000 of revenue on account and collected $710,000 cash from accounts receivable. Also, the co

jasenka [17]

Answer:

here correct option is A. $7,000

Explanation:

given data

Stripling earned = $700,000

collected cash = $710,000

company wrote off = $8,000

revenue = 1 %

to find out

net realizable value of receivable

solution

we will find here amount of uncollectible expense that are for year 2

amount of uncollectible expense = Sales revenue for year 2 × revenue %

put here value we wet

amount of uncollectible expense = $700,000 × 1 %

amount of uncollectible expense = $700,000 × 0.01

amount of uncollectible expense = $7,000

so here correct option is A. $7,000

5 0

3 years ago

On January 1, 2019, Tonika Company issued a six-year, $10,000, 6% bond. The interest is payable annually each December 31. The i

Andru [333]

Answer:

$9,590

Explanation:

Calculation to determine what The December 31, 2020 book value after the December 31, 2020 interest payment was made is closest to:

First step is to calculate the Interest paid

Interest paid = 10000*6%

Interest paid= 600

Second step is to calculate the Interest expense

Interest expense = 9,523*7%

Interest expense= 667

Third step is to calculate the Discount amortization

Discount amortization =667-600

Discount amortization = 67

Now let calculate Book value at the end of December 31,2020

Book value at the end of December 31,2020 = 9,523 +67

Book value at the end of December 31,2020 = $9,590

Therefore The December 31, 2020 book value after the December 31, 2020 interest payment was made is closest to:$9,590

8 0

3 years ago

Accounts payable $36,500, Accounts receivable $46,500, Capital stock $100,000, Cash $46,000, Dividends $10,000, Goodwill $47,000

kolbaska11 [484]

Answer:

The Charlie current ratio is 1.84 times

Explanation:

The formula to compute the current ratio is shown below:

Current Ratio = Current Assets ÷ Current liabilities

where,

Current assets = Cash + accounts receivable + inventory + prepaid expenses

= $46,000 + $46,500 + $32,000 + 4,400

= $128,900

And, the current liabilities equal to

= Accounts payable + interest payable + short term notes payable

= $36,500 + $3,500 + $30,000

= $70,000

Now put these values to the above formula

So, the ratio equal to

= $128,900 ÷ $70,000

= 1.84 times

5 0

3 years ago

Which of the following best describes the objectives of the Monetary Policy?

tamaranim1 [39]

Answer:

d. managing or manipulating the money supply in the economy

Explanation:

i feel like it's D

8 0

3 years ago

Read 2 more answers