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gtnhenbr [62]
3 years ago
9

Bear essentials borrowed $50,000 from stacks bank and signed a promissory note. what entry should bear essentials record?

Business
1 answer:
sergiy2304 [10]3 years ago
8 0
Bear essential should DEBIT THE CASH ACCOUNT AND CREDIT THE PROMISSORY NOTE PAYABLE WITH $50,000.00.
The cash account has to be debited because the cash received from the bank was borrowed and needs to be paid back. 
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Why was stock bought on margin considered a risky investment?
Andreas93 [3]
Stock bought on margin considered a risky investment because investors purchased the stocks with little cash down; if the price dropped the investor had to repay the loan. In investment the higher the risk the higher the return, it will be beneficial for the investors but more risky. 
7 0
4 years ago
A 10-year annual payment corporate bond has a market price of $1,050. It pays annual interest of $100 and its required rate of r
bija089 [108]

Answer:

bond under priced is  $14.18

Explanation:

given data

market price = $1,050

annual interest = $100

rate of return = 9 percent

time period = 10 year

solution

we get here bond mis priced so for we get first theoretical Price of the bond that is

theoretical Price of the bond  = annual interest × \frac{1- (1+r)^{-t }}{r} +  \frac{1000}{(1+r)^t}  ........1

theoretical Price of the bond  = 100 × \frac{1- (1+0.09)^t }{-10} + \frac{1000}{(1+0.09)^{10}}    

theoretical Price of the bond  = $1064.18

but actual Price is $1050

so here bond is under priced as  $1064.18 - $1050

bond under priced is  $14.18

6 0
3 years ago
You are upgrading to better production equipment for your​ firm's only product. The new equipment will allow you to make more of
Ray Of Light [21]

Answer:

$310,080

Explanation:

Incremental revenue refers to the additional revenue generated by a certain project or activity. In this case, your sales should increase by 16% from 102,000 units to 118,320 units. Total revenue will increase from $1,938,000 (= 102,000 x $19) to $2,248,080 (= 118,320 x $19).

The incremental revenue = $2,248,080 - $1,938,000 = $310,080

4 0
3 years ago
A customer has a total purchase of $84.75. She hands the person at the
Zolol [24]

Answer: The Customer Still owes 0.05

Explanation:

3 0
3 years ago
​Quince, Inc. uses a process costing system. It prepares a production cost report for each processing department.
Mandarinka [93]

Answer:

It will be used to determine the balance of inventory accounts

Explanation:

A production cost detail shows in detail the total cost of producing a product. It includes raw materials as well as operating costs. Product costs would be recorded as a current asset on the balance sheet until the goods have been sold. As an asset, it can either be:

  1. raw materials inventory,
  2. work-in-progress inventory,
  3. finished goods inventory, which would be dependent on how far towards completion the product is.
7 0
3 years ago
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