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Ray Of Light [21]
2 years ago
9

Fiat borrowed $80,000 on October 1, 2019. Fiat will not make any payments until October 1, 2021, and at that time, Fiat will pay

$84,000. Which of the following correctly states the annual financial statements as of December 31, 2020.a. A Interest payable of $2,500; interest expense of $2,500 b. Interest payable of $1,500; interest expense of $2,000 c. Interest payable of $4,000; interest expense of $2,500 d. Interest payable of $2,500; interest expense of $2,000
Business
1 answer:
natita [175]2 years ago
8 0

Answer:

The answer is d. Interest payable of $2,500; interest expense of $2,000

Explanation:

Interest component over 2 years = $84,000- $80,000 = $4000

interest expense for a year = 4000/2 = $2000

Interest payable = 1.25 years   * 2000 = $2500

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You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three​ su
katrin [286]

Answer:

the price per unit is $1.20

Explanation:

The computation of the price per unit for Thailand Polishing is shown below:

= 2,400 ÷ 200 polished disks

= 12 bhat/unit

Given that

$1 = 10

So, 12 baht it is

= 1 ÷ 10 × 12 baht

= $1.2

Hence, the price per unit is $1.20

The same should be considered

4 0
3 years ago
The supplies account had a beginning balance of $1,693. Supplies purchased during the period totaled $4,413. At the end of the p
olga55 [171]

Answer:

Debit Supplies expense $5,661

Credit Supplies account $5,661

Explanation:

At the time of purchasing supplies, the entries includes a debit to supplies accounts, and a credit to cash or accounts payable which is dependent on whether the cash purchased was done via cash or an account

For supplies used, debit supplies expense and credit supplies account. The movement in supplies account over a period is due to purchases and its expressed as;

Opening balance + Purchases - Supplies used = closing balance

$1,693 + $4,413 - Supplies used = $445

$6,106 - Supplies used = $445

Supplies used = $6,106 + $445

Supplies used = $5,661

6 0
2 years ago
Why is a bank a safe place to put money? The government holds banks accountable for lost funds. The Federal Deposit Insurance Co
Margaret [11]
It's the FDIC.  
I hope this helps.
8 0
3 years ago
As the director of information systems at your​ company, you receive reports regarding crackpot postings on the company sm site.
Luda [366]

The best course of action is to remove the reponses that were not intended for the site. I would also reach out to those who posted the inappropriate remarks and give them a warning regarding the comments. If they make those comments again or anything of inappropriate nature, they will be terminated.

7 0
3 years ago
Functions of the economic commission for Africa.​
timofeeve [1]

Answer:

The main functions of the ECA include the study of problems of the economic and social development of the African countries, the promotion of the economic development of the African states, and the strengthening of their economic relations both with one another and with other countries.

4 0
2 years ago
Read 2 more answers
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