How did the apple2 device worked

What economic benefit has the debt reschedule for developing countries?

diamong [38]

Answer:

The main economic benefit that debt rescheduling has for developing countries is that it changes principal and interest payments to more favorable conditions.

This means that after the reschedule, developing countries will have to put less resources into the payments of public debt, which allows them to have more resources available for other public investments like education, healthcare, and infraestructure.

8 0

3 years ago

Transactions for the Monty Company, which provides welding services, for the month of June are presented below. June 1 Monthly i

Leona [35]

Answer:

Transactions:

1. June 1 Monthly invests $3, 910 cash in exchange for shares of common stock in a small welding business.

2. June 2 Purchases equipment on account for 340.

3. June 3 $760 cash is paid to landlord for June rent.

4. June 12 Bills P. Leonard $410 after completing welding work done on account.

Journal Entries:

1.

June 1 Dr. Cr.

Investment $3,910

Cash $3,910

2.

June 2 Dr. Cr.

Equipment $340

Account Payable $340

3.

June 3 Dr. Cr.

Rent Expense $3,760

Cash $3,760

4.

June 12 Dr. Cr.

P. Leonard (Receivable) $410

Welding Service Revenue $410

6 0

3 years ago

A company issued a short-term note payable to a bank with a stated 12 percent rate of interest . The bank charged a .5% loan ori

Mandarinka [93]

Answer:

17%

Explanation:

If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%

The effective annual interest rate is the interest rate that is actually earned or paid on an investment, loan or other financial product.

Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.

8 0

3 years ago

Read 2 more answers

Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisio

anygoal [31]

Answer:

Effect on income= -$49,500

They lost the positive contribution margin increased by the fixed costs. Veronica is wrong.

Explanation:

Giving the following information:

Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $25,500.

Percy Division

Sales= $100,000

Cost of goods sold= 76,000

Gross profit= 24,000

Operating expenses= 49,500

Net income= (25,500)

In the Percy Division, the cost of goods sold is $59,000 variable and $17,000 fixed, and operating expenses are $29,000 variable and $20,500 fixed.

None of the Percy Division's fixed costs are avoidable.

Effect on income= -contribution margin - fixed costs

Effect on income= -(100,000 - 88,000) - 37,500= -$49,500

They lost the positive contribution margin increased by the fixed costs.

4 0

3 years ago

J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $12

Allushta [10]

Answer:

Net income= $98,200

Explanation:

Giving the following information:

Division A:

The contribution margin of $79,300

Division B:

Contribution margin of $126,200.

The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.

To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.

Net income= (79,300 + 126,200) - 72,400 - 34,900

Net income= $98,200

7 0

3 years ago